Funding arb · Price arb /

ONDO

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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 0.000%

Price spread now: Aster against OKX+0.046%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$370.371% of the position

Long on OKX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$5 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now +0.046%, 7d avg +0.070%

Together, before fees+0.064%+ Points / potential airdropAster: Stage 5 · farm board+$6 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 0.024% cheaper against OKX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ONDO-USDT-SWAP	0.4388	0.0100	pay 0.0050% / 4h	2h 07m	$17.0M	$74.1M	50x
Short	Aster ONDOUSDT	0.4390	0.0100	get 0.0050% / 4h	2h 07m	$675K	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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 OKXbpFee AsterbpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → +0.070%: −$2.41
Slippage, 4 orders: −$19.11
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$39.52
Costs to cover: 0.371%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Aster: live order book, 1 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 OKX live order book, 2 min ago	1.14 bp	9.7 bp −$10	22.1 bp −$221	doesn't fit	doesn't fit
Sell Aster live order book, 1 min ago	2.27 bp	9.0 bp −$9	28.5 bp −$285	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	0.4388	+0.007%	$2.6M	$8.2M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4395	+0.162%	$249K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4387	−0.023%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.102%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4388	0.000%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4390	+0.057%	$379K	$840K	10x	as long as short
Aster ONDOUSDTshort	+0.0100%	4h	0.4390	+0.046%	$675K	$2.1M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4389	+0.023%	$63.7M	$228.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4388	0.000%	$69.5M	$124.3M	50x	as long as short
OKX ONDO-USDT-SWAPlong	+0.0100%	4h	0.4388	long leg	$17.0M	$74.1M	50x

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	+0.246%	$72K	$87K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4388	−0.011%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4387	−0.023%	$11.5M	$16.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4390	+0.046%	$46.4M	$43.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4388	0.000%	$13.0M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4387	−0.023%	$24.9M	$39.8M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4390	+0.046%	—	$760K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4398	+0.222%	$762K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4383	−0.119%	$4K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4386	−0.055%	$404K	$978K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4378	−0.228%	$135K	$355K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4389	+0.023%	$90K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4390	+0.046%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4392	+0.091%	$457	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4400	+0.273%	$129K	$498K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4393	+0.120%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4389	+0.023%	$396K	$824K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4392	+0.088%	$38K	$13K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0167%	1h	0.4389	+0.023%	$195K	$995K	15x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0206%	1h	0.4389	+0.023%	$23K	$349K	25x	as long as short
Hyperliquid ONDO	+0.0234%	1h	0.4390	+0.055%	$38.5M	$24.0M	10x	as long as short
Phemex ONDOUSDT	+0.0269%	4h	0.4389	+0.023%	$4.2M	$7.5M	50x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4422	+0.775%	$284K	$707K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4391	+0.062%	$35K	$231K	10x	as long as short
01 Exchange ONDOUSD	+0.0352%	1h	0.4392	+0.100%	$361	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0549% / S −0.0190%	1h	0.4386	−0.039%	$484K	—	100x	as long as short
Lighter ONDO	+0.0776%	1h	0.4396	+0.175%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1148%	1h	0.4389	+0.028%	$2K	—	20x	as long as short