Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Aster against SoDEX+0.068%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: 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 0.068% dearer against SoDEX than usual: you sell high and buy low, +$7 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	SoDEX ONDO-USD	0.4417	0.0100	pay 0.0013% / 1h	26m 52s	$459	$13K	10x
Short	Aster ONDOUSDT	0.4420	0.0100	get 0.0050% / 4h	2h 26m	$671K	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SoDEX. 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 SoDEXbpFee AsterbpOrdersPrice spread, now +0.068%Rate

Funding earned: $0
Price spread: +0.068% → 0.000%: $6.79
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$9.21
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Aster: live order book, 1 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 SoDEX no order-book sample	—	—	—	—	—
Sell Aster live order book, 1 min ago	1.13 bp	7.7 bp −$8	32.9 bp −$329	doesn't fit	doesn't fit

SoDEX: 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 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	−0.0362%	1h	0.4416	−0.029%	$2.6M	$8.1M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4419	+0.051%	$250K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4417	+0.001%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.419%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4417	0.000%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4422	+0.113%	$388K	$859K	10x	as long as short
Aster ONDOUSDTshort	+0.0100%	4h	0.4420	+0.068%	$671K	$2.1M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4419	+0.037%	$64.2M	$231.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4420	+0.068%	$70.0M	$125.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4422	+0.113%	$17.1M	$75.9M	50x	as long as short

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	0.4400	−0.387%	$71K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4420	+0.057%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4416	−0.023%	$11.6M	$16.4M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4417	0.000%	$44.2M	$43.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4417	0.000%	$13.2M	$11.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4418	+0.023%	$25.1M	$40.4M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4419	+0.045%	—	$761K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4409	−0.185%	$767K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4413	−0.085%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4410	−0.158%	$419K	$976K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4415	−0.045%	$136K	$367K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4424	+0.149%	$93K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4418	+0.023%	—	$1.4M	20x	as long as short
SoDEX ONDO-USDlong	+0.0100%	1h	0.4417	long leg	$459	$13K	10x
HTX ONDO-USDT	+0.0100%	4h	0.4425	+0.181%	$129K	$512K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4418	+0.022%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4415	−0.038%	$398K	$822K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4418	+0.023%	$38K	$13K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0106%	1h	0.4420	+0.066%	$202K	$1.0M	15x	as long as short
Hyperliquid ONDO	+0.0298%	1h	0.4422	+0.106%	$39.1M	$25.7M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4422	+0.113%	$284K	$746K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4409	−0.181%	$35K	$231K	10x	as long as short
01 Exchange ONDOUSD	+0.0352%	1h	0.4424	+0.168%	$364	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0430%	1h	0.4418	+0.023%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0551% / S −0.0190%	1h	0.4417	+0.010%	$487K	—	100x	as long as short
Phemex ONDOUSDT	+0.0692%	4h	0.4416	−0.023%	$4.2M	$7.4M	50x	as long as short
Lighter ONDO	+0.0824%	1h	0.4424	+0.152%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1147%	1h	0.4422	+0.118%	$2K	—	20x	as long as short