Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against MEXC+0.071%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$230.229% of the position

Long on MEXC Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.071%, 7d avg +0.058%

Together, before fees+0.069%+ Points / potential airdropAster: Stage 5 · farm board+$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ONDO_USDT	0.4542	0.0100	pay 0.0050% / 4h	27m 49s	$48.7M	$43.5M	200x
Short	Aster ONDOUSDT	0.4545	0.0100	get 0.0050% / 4h	27m 49s	$720K	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against MEXC. 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 MEXCbpFee AsterbpOrdersPrice spread, now +0.071%Rate

Funding earned: $0
Price spread: +0.071% → +0.058%: $1.32
Slippage, 4 orders: −$14.9
Fee MEXC: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$21.57
Costs to cover: 0.229%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Aster: live order book, just now.

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 MEXC live order book, 1 min ago	1.10 bp	1.6 bp −$2	5.0 bp −$50	20.0 bp −$1,995	101.2 bp −$50.6K
Sell Aster live order book, just now	2.20 bp	9.1 bp −$9	34.3 bp −$343	doesn't fit	doesn't fit

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
Kraken Futures PF_ONDOUSD	−0.0803%	1h	0.4540	−0.035%	$2.8M	$8.1M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	+0.572%	$888	$216K	5.5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4540	−0.040%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4540	−0.044%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4541	−0.022%	$436K	$710K	10x	as long as short
Aster ONDOUSDTshort	+0.0100%	4h	0.4545	+0.071%	$720K	$2.1M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4542	+0.003%	$68.0M	$227.7M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4541	−0.022%	$73.6M	$123.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4540	−0.044%	$17.6M	$80.6M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4549	+0.148%	$74K	$89K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4540	−0.045%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4540	−0.044%	$11.9M	$18.1M	50x	as long as short
MEXC ONDO_USDTlong	+0.0100%	4h	0.4542	long leg	$48.7M	$43.5M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4543	+0.022%	$14.0M	$11.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4542	0.000%	$25.6M	$41.3M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4542	0.000%	—	$22.2M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4543	+0.020%	$229K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4542	0.000%	$779K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4548	+0.122%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4544	+0.034%	$419K	$960K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4548	+0.132%	$172K	$312K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4543	+0.029%	$69K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4541	−0.022%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4541	−0.022%	$472	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4553	+0.242%	$133K	$505K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4541	−0.022%	$4.6M	$6.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4543	+0.015%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4541	−0.013%	$407K	$844K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4544	+0.038%	$44K	$8K	3x	as long as short
Hyperliquid ONDO	+0.0163%	1h	0.4546	+0.097%	$40.2M	$26.6M	10x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4547	+0.117%	$38K	$257K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4548	+0.132%	$297K	$844K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4546	+0.088%	$3.3M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0352%	1h	0.4544	+0.042%	$374	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0411%	1h	0.4543	+0.022%	$35K	$436K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0586% / S −0.0188%	1h	0.4540	−0.038%	$542K	—	100x	as long as short
Lighter ONDO	+0.0800%	1h	0.4550	+0.183%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1143%	1h	0.4540	−0.046%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.4042%	1h	0.4543	+0.022%	$257K	$132K	5x	as long as short