Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Aster against Gate+0.104%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$510.507% of the position

Long on Gate Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.104%, 7d avg +0.082%

Together, before fees+0.030%+ Points / potential airdropAster: Stage 5 · farm board+$3 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 0.022% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ONDO_USDT	0.4396	0.0100	pay 0.0050% / 4h	2h 11m	$11.6M	$16.5M	50x
Short	Aster ONDOUSDT	0.4401	0.0100	get 0.0050% / 4h	2h 11m	$676K	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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 GatebpFee AsterbpOrdersPrice spread, now +0.104%Rate

Funding earned: $0
Price spread: +0.104% → +0.082%: $2.23
Slippage, 4 orders: −$27.66
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aster: 4 bp × 2 orders: −$8
Net: −$48.43
Costs to cover: 0.507%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Aster: live order book, 2 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 Gate live order book, 2 min ago	2.27 bp	16.5 bp −$17	36.6 bp −$366	50.1 bp −$5,012	80.4 bp −$40.2K
Sell Aster live order book, 2 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	−0.0363%	1h	0.4404	+0.183%	$2.6M	$8.1M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4401	+0.116%	$249K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4403	+0.167%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.913%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4404	+0.182%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4397	+0.023%	$381K	$859K	10x	as long as short
Aster ONDOUSDTshort	+0.0100%	4h	0.4401	+0.104%	$676K	$2.2M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4398	+0.045%	$63.7M	$231.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4397	+0.023%	$69.7M	$125.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4398	+0.045%	$17.0M	$75.0M	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	+0.071%	$72K	$87K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4396	+0.006%	—	—	5x	as long as short
Gate ONDO_USDTlong	+0.0100%	4h	0.4396	long leg	$11.6M	$16.5M	50x
MEXC ONDO_USDT	+0.0100%	4h	0.4400	+0.091%	$46.3M	$43.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4400	+0.091%	$13.0M	$11.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4398	+0.045%	$25.0M	$40.4M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4398	+0.045%	—	$760K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4396	−0.007%	$760K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4403	+0.163%	$5K	$321K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4407	+0.247%	$406K	$978K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4405	+0.205%	$135K	$355K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4407	+0.259%	$90K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4407	+0.250%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4406	+0.227%	$458	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4413	+0.387%	$129K	$506K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4399	+0.063%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4397	+0.032%	$398K	$824K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4406	+0.239%	$38K	$13K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0164%	1h	0.4404	+0.189%	$201K	$1.0M	15x	as long as short
Hyperliquid ONDO	+0.0255%	1h	0.4404	+0.173%	$38.8M	$25.8M	10x	as long as short
Phemex ONDOUSDT	+0.0276%	4h	0.4402	+0.136%	$4.2M	$7.5M	50x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4422	+0.591%	$284K	$713K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4404	+0.191%	$35K	$231K	10x	as long as short
01 Exchange ONDOUSD	+0.0352%	1h	0.4400	+0.100%	$362	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0431%	1h	0.4407	+0.250%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0550% / S −0.0190%	1h	0.4403	+0.156%	$486K	—	100x	as long as short
Lighter ONDO	+0.0784%	1h	0.4408	+0.282%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1148%	1h	0.4407	+0.255%	$2K	—	20x	as long as short