Funding arb · Price arb /

ONDO

all ONDO markets

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 Phemex+0.054%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$520.516% of the position

Long on Phemex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.194%+$19 on $10k

Price spread, last 3 days (all we have)+0.022%+$2 · spread now +0.054%, 7d avg +0.044%

Together, before fees+0.216%+ Points / potential airdropAster: Stage 5 · farm board+$22 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ONDOUSDT	0.4574	0.0100	pay 0.0050% / 4h	8m 06s	$4.6M	$6.9M	50x
Short	Aster ONDOUSDT	0.4576	0.0100	get 0.0050% / 4h	8m 06s	$725K	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phemex. 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 PhemexbpFee AsterbpOrdersPrice spread, now +0.054%Rate

Funding earned: $0
Price spread: +0.054% → +0.044%: $0.95
Slippage, 4 orders: −$31.65
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$50.7
Costs to cover: 0.516%
Break-even: never at this rate

Slippage from Phemex: live order book, 6 min ago; Aster: live order book, 5 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 Phemex live order book, 6 min ago	3.29 bp	14.9 bp −$15	24.1 bp −$241	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	1.10 bp	11.1 bp −$11	30.8 bp −$308	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	−0.0797%	1h	0.4574	−0.001%	$2.8M	$8.0M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	−0.131%	$888	$216K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4575	+0.022%	$35K	$363K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4573	−0.017%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4572	−0.044%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4573	−0.022%	$439K	$705K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4579	+0.105%	$40.5M	$26.3M	10x	as long as short
Aster ONDOUSDTshort	+0.0100%	4h	0.4576	+0.054%	$725K	$2.1M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4575	+0.022%	$68.4M	$226.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4575	+0.022%	$74.1M	$120.6M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4575	+0.022%	$17.7M	$80.2M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4576	+0.037%	$74K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4570	−0.096%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4573	−0.022%	$12.0M	$18.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4575	+0.022%	$49.0M	$43.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4574	0.000%	$14.1M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4574	0.000%	$25.9M	$40.3M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4575	+0.022%	—	$740K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4577	+0.068%	$229K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4563	−0.244%	$803K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4563	−0.240%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4561	−0.273%	$421K	$949K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4563	−0.240%	$173K	$311K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4577	+0.061%	$69K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4573	−0.022%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4575	+0.022%	$476	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4584	+0.219%	$134K	$504K	50x	as long as short
Phemex ONDOUSDTlong	+0.0100%	4h	0.4574	long leg	$4.6M	$6.9M	50x
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4569	−0.099%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4573	−0.020%	$409K	$844K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4575	+0.022%	$44K	$8K	3x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4565	−0.192%	$38K	$257K	10x	as long as short
01 Exchange ONDOUSD	+0.0288%	1h	0.4576	+0.042%	$377	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4576	+0.044%	$298K	$842K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4568	−0.131%	$3.3M	$3.3M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0589% / S −0.0188%	1h	0.4574	−0.005%	$545K	—	100x	as long as short
Lighter ONDO	+0.0672%	1h	0.4583	+0.203%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1144%	1h	0.4574	−0.004%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.2714%	1h	0.4569	−0.101%	$259K	$132K	5x	as long as short