Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Aster against Polymarket Perps−0.012%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$320.322% of the position

Long on Polymarket Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 3 days (all we have)−0.197%−$20 · spread now −0.012%, 7d avg −0.019%

Together, before fees−0.190%+ Points / potential airdropAster: Stage 5 · farm board−$19 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ONDO-USD	0.4516	0.0100	pay 0.0013% / 1h	51m 25s	$81K	$1.1M	10x
Short	Aster ONDOUSDT	0.4515	0.0100	get 0.0050% / 4h	1h 51m	$756K	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Polymarket Perps. 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 Polymarket PerpsbpFee AsterbpOrdersPrice spread, now −0.012%Rate

Funding earned: $0
Price spread: −0.012% → −0.019%: $0.73
Slippage, 4 orders: −$16.18
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$31.45
Costs to cover: 0.322%
Break-even: never at this rate

Slippage from Polymarket Perps: 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 Polymarket Perps live order book, 2 min ago	2.99 bp	8.2 bp −$8	8.5 bp −$85	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	1.11 bp	8.5 bp −$8	27.8 bp −$278	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	−0.0357%	1h	0.4508	−0.166%	$2.8M	$8.0M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4514	−0.030%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4512	−0.082%	$25K	$8K	10x	as long as short
Aster ONDOUSDTshort	+0.0100%	4h	0.4515	−0.012%	$756K	$2.0M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4516	−0.001%	$66.5M	$219.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4515	−0.016%	$73.2M	$118.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4515	−0.016%	$17.6M	$79.7M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4542	+0.591%	$73K	$85K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4514	−0.033%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4513	−0.060%	$11.8M	$18.0M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ONDO_USDT	+0.0100%	4h	0.4515	−0.016%	$47.6M	$44.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4514	−0.038%	$13.4M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4515	−0.016%	$25.5M	$41.1M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4514	−0.038%	—	$22.5M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4514	−0.042%	$195K	$972K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4531	+0.341%	$793K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4516	−0.002%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4533	+0.381%	$428K	$928K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4514	−0.038%	$424K	$682K	10x	as long as short
Polymarket Perps ONDO-USDlong	+0.0100%	1h	0.4516	long leg	$81K	$1.1M	10x
SunX ONDO-USDT	+0.0100%	4h	0.4508	−0.171%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4512	−0.082%	$469	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4521	+0.117%	$130K	$509K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4511	−0.104%	$4.7M	$6.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4513	−0.050%	$6K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4515	−0.020%	$403K	$855K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4515	−0.016%	$44K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4528	+0.279%	$30K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4503	−0.281%	$1K	$181K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0193%	1h	0.4514	−0.038%	$19K	$364K	25x	as long as short
ApeX Omni ONDOUSDT	+0.0208%	1h	0.4514	−0.038%	$159K	$333K	50x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4538	+0.494%	$300K	$847K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4510	−0.126%	$3.2M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0384%	1h	0.4519	+0.066%	$372	$2K	10x	as long as short
Lighter ONDO	+0.0528%	1h	0.4522	+0.146%	$1.4M	$2.1M	10x	as long as short
Hyperliquid ONDO	+0.0573%	1h	0.4519	+0.082%	$40.4M	$27.3M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0590% / S −0.0191%	1h	0.4514	−0.047%	$543K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1140%	1h	0.4515	−0.012%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1208%	1h	0.4512	−0.085%	$255K	$130K	5x	as long as short