Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Aster against Extended+0.067%7-day average +0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$320.319% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)+0.037%+$4 · spread now +0.067%, 7d avg +0.094%

Together, before fees+0.020%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.027% cheaper against Extended than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.094%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ONDO-USD	0.4380	0.0104	pay 0.0013% / 1h	9m 32s	$396K	$824K	25x
Short	Aster ONDOUSDT	0.4383	0.0100	get 0.0050% / 4h	2h 09m	$674K	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee AsterbpOrdersPrice spread, now +0.067%Rate

Funding earned: −$0.84
Price spread: +0.067% → +0.094%: −$2.7
Slippage, 4 orders: −$18.93
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$35.48
Costs to cover: 0.319%
Break-even: never at this rate

Slippage from Extended: live order book, 58 min ago; Aster: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 58 min ago	4.35 bp	6.8 bp −$7	16.0 bp −$160	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	1.13 bp	7.7 bp −$8	34.8 bp −$348	doesn't fit	doesn't fit

ONDO on 38 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ONDOUSD	−0.0364%	1h	0.4384	+0.088%	$2.6M	$8.1M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4380	+0.010%	$248K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4381	+0.042%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.300%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4388	+0.190%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4381	+0.030%	$379K	$841K	10x	as long as short
Aster ONDOUSDTshort	+0.0100%	4h	0.4383	+0.067%	$674K	$2.1M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4382	+0.054%	$63.6M	$229.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4382	+0.053%	$69.4M	$124.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4379	−0.015%	$16.9M	$74.3M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4399	+0.437%	$72K	$87K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4378	−0.032%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4378	−0.038%	$11.5M	$16.5M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4382	+0.053%	$45.8M	$43.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4380	+0.007%	$13.0M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4380	+0.007%	$24.9M	$39.9M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4383	+0.076%	—	$22.3M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4398	+0.412%	$762K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4401	+0.476%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4402	+0.499%	$406K	$978K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4398	+0.418%	$135K	$355K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4381	+0.026%	$89K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4390	+0.236%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4386	+0.144%	$456	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4394	+0.327%	$129K	$505K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4381	+0.024%	$6K	—	10x	as long as short
Extended ONDO-USDlong	+0.0104%	1h	0.4380	long leg	$396K	$824K	25x
Aevo ONDO-PERP	+0.0104%	1h	0.4388	+0.185%	$38K	$13K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0164%	1h	0.4385	+0.133%	$195K	$1.0M	15x	as long as short
Hyperliquid ONDO	+0.0237%	1h	0.4381	+0.030%	$38.4M	$24.0M	10x	as long as short
Phemex ONDOUSDT	+0.0286%	4h	0.4385	+0.122%	$4.2M	$7.5M	50x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4422	+0.966%	$284K	$712K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4409	+0.679%	$35K	$231K	10x	as long as short
01 Exchange ONDOUSD	+0.0352%	1h	0.4382	+0.060%	$361	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0434%	1h	0.4390	+0.236%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0549% / S −0.0190%	1h	0.4381	+0.038%	$483K	—	100x	as long as short
Lighter ONDO	+0.0776%	1h	0.4388	+0.185%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1148%	1h	0.4382	+0.058%	$2K	—	20x	as long as short