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% APRpaid last 24h 0.000%

Price spread now: Aster against Paradex+0.020%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.020% dearer against Paradex than usual: you sell high and buy low, +$2 on $10k if it 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	Paradex ONDO-USD-PERP	0.4515	0.0100	pay 0.0100% / 8h	1h 53m	$6K	$9	10x
Short	Aster ONDOUSDT	0.4516	0.0100	get 0.0050% / 4h	1h 53m	$756K	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Paradex. 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 ParadexbpFee AsterbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$0.03
Price spread: +0.020% → 0.000%: $2
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aster: 4 bp × 2 orders: −$8
Net: −$10.03
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Paradex: 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 Paradex no order-book sample	—	—	—	—	—
Sell Aster live order book, 5 min ago	1.11 bp	7.9 bp −$8	31.5 bp −$315	doesn't fit	doesn't fit

Paradex: 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
Kraken Futures PF_ONDOUSD	−0.0356%	1h	0.4511	−0.094%	$2.8M	$8.0M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4514	−0.024%	$19K	$364K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4513	−0.039%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4512	−0.069%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4516	+0.020%	$424K	$682K	10x	as long as short
Aster ONDOUSDTshort	+0.0100%	4h	0.4516	+0.020%	$756K	$2.0M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4514	−0.034%	$66.5M	$220.2M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4513	−0.046%	$73.2M	$118.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4512	−0.069%	$17.6M	$79.7M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4542	+0.605%	$73K	$85K	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	0.4512	−0.058%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4511	−0.091%	$11.8M	$18.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4512	−0.069%	$47.6M	$44.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4513	−0.046%	$13.4M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4512	−0.069%	$25.5M	$41.2M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4511	−0.091%	—	$22.5M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4511	−0.100%	$195K	$972K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4531	+0.355%	$793K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4534	+0.420%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4533	+0.394%	$428K	$928K	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4514	−0.020%	$81K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4513	−0.046%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4514	−0.024%	$469	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4522	+0.153%	$130K	$508K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4512	−0.069%	$4.7M	$6.4M	50x	as long as short
Paradex ONDO-USD-PERPlong	+0.0100%	8h	0.4515	long leg	$6K	$9	10x
Extended ONDO-USD	+0.0104%	1h	0.4513	−0.051%	$403K	$856K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4516	+0.029%	$44K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4528	+0.292%	$30K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4503	−0.268%	$1K	$181K	5.5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4538	+0.507%	$300K	$847K	50x	as long as short
ApeX Omni ONDOUSDT	+0.0286%	1h	0.4538	+0.507%	$160K	$333K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4510	−0.113%	$3.2M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0384%	1h	0.4517	+0.036%	$372	$2K	10x	as long as short
Lighter ONDO	+0.0512%	1h	0.4520	+0.104%	$1.4M	$2.1M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0590% / S −0.0191%	1h	0.4512	−0.068%	$543K	—	100x	as long as short
Hyperliquid ONDO	+0.0593%	1h	0.4515	+0.002%	$40.4M	$27.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1140%	1h	0.4514	−0.032%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1173%	1h	0.4520	+0.099%	$256K	$130K	5x	as long as short