Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h +0.029%

Price spread now: Aster against gTrade (Gains Network)+0.024%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Aster is 0.024% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ONDO/USD	0.4384	L +0.0003% / S −0.0011%	pay 0.0000% / 1h	27m 58s	$7K	—	150x
Short	Aster ONDOUSDT	0.4385	0.0239	get 0.0119% / 4h	27m 58s	$740K	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee AsterbpOrdersPrice spread, now +0.024%Rate

Funding earned: $49.46
Price spread: +0.024% → 0.000%: $2.42
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $33.87
Costs to cover: 0.180%
Break-even: 2.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Aster: live order book, 5 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Aster live order book, 5 min ago	1.14 bp	8.3 bp −$8	37.9 bp −$379	doesn't fit	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ONDO on 39 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
gTrade (Gains Network) ONDO/USDlong	L +0.0003% / S −0.0011%	1h	0.4384	long leg	$7K	—	150x
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4383	−0.032%	$2.6M	$7.8M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.199%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4387	+0.074%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4382	−0.044%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4391	+0.155%	$363K	$856K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4387	+0.065%	$37.5M	$24.7M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4385	+0.017%	$63.4M	$230.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4382	−0.044%	$67.8M	$126.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4386	+0.047%	$17.1M	$73.2M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4383	−0.019%	$72K	$84K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4388	+0.082%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4384	+0.001%	$11.6M	$16.4M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4385	+0.024%	$44.2M	$41.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4383	−0.021%	$12.7M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4384	+0.001%	$25.1M	$40.0M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4383	−0.021%	—	$21.9M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4383	−0.012%	$187K	$979K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4387	+0.064%	$712K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4389	+0.118%	$4K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4391	+0.161%	$411K	$1.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4373	−0.250%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4391	+0.166%	$67K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4389	+0.115%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4385	+0.024%	$456	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4398	+0.321%	$127K	$432K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4383	−0.021%	$4.2M	$7.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4391	+0.152%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4384	+0.005%	$395K	$798K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4386	+0.047%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0206%	1h	0.4384	+0.001%	$18K	$367K	25x	as long as short
01 Exchange ONDOUSD	+0.0224%	1h	0.4389	+0.125%	$361	$2K	10x	as long as short
Aster ONDOUSDTshort	+0.0239%	4h	0.4385	+0.024%	$740K	$2.5M	20x
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4404	+0.458%	$272K	$731K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4405	+0.480%	$3.1M	$3.0M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4380	−0.088%	$35K	$223K	10x	as long as short
dYdX ONDO-USD	+0.0381%	1h	0.4389	+0.114%	$248K	$129K	5x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0551% / S −0.0190%	1h	0.4384	−0.004%	$484K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1152%	1h	0.4392	+0.195%	$2K	—	20x	as long as short