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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against SunX+0.003%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$152as in the Funding arb table

Net, price: spread back to 7d avg − costs−$157as in the Price arb table

costs, in and out, $10k−$1511.511% of the position

Long on SunX 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)+0.123%+$12 · spread now +0.003%, 7d avg +0.059%

Together, before fees+0.116%+ Points / potential airdropAster: Stage 5 · farm board+$12 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 0.056% cheaper against SunX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ONDO-USDT	0.4604	0.0100	pay 0.0050% / 4h	1h 21m	—	$1.4M	20x
Short	Aster ONDOUSDT	0.4604	0.0100	get 0.0050% / 4h	1h 21m	$736K	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SunX. 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 SunXbpFee AsterbpOrdersPrice spread, now +0.003%Rate

Funding earned: $0
Price spread: +0.003% → +0.059%: −$5.6
Slippage, 4 orders: −$135.06
Fee SunX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$156.66
Costs to cover: 1.511%
Break-even: never at this rate

Slippage from SunX: live order book, 3 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 SunX live order book, 3 min ago	46.94 bp	66.1 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	1.09 bp	9.3 bp −$9	34.8 bp −$348	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	−0.0349%	1h	0.4602	−0.036%	$2.8M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4603	−0.019%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4603	−0.022%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4607	+0.065%	$435K	$701K	10x	as long as short
Aster ONDOUSDTshort	+0.0100%	4h	0.4604	+0.003%	$736K	$2.1M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4606	+0.050%	$68.2M	$226.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4605	+0.022%	$75.7M	$121.6M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4603	−0.022%	$18.0M	$82.2M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4588	−0.354%	$75K	$88K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4606	+0.047%	—	—	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ONDO_USDT	+0.0100%	4h	0.4603	−0.022%	$12.0M	$18.5M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4605	+0.022%	$49.6M	$44.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4603	−0.022%	$13.9M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4604	0.000%	$26.1M	$41.9M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4603	−0.022%	—	$22.6M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4570	−0.740%	$781K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4578	−0.570%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4578	−0.570%	$429K	$938K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4578	−0.565%	$164K	$330K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4606	+0.041%	$72K	$1.1M	10x	as long as short
SunX ONDO-USDTlong	+0.0100%	4h	0.4604	long leg	—	$1.4M	20x
SoDEX ONDO-USD	+0.0100%	1h	0.4606	+0.043%	$479	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4613	+0.195%	$134K	$510K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4603	−0.022%	$4.8M	$6.5M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4608	+0.077%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4605	+0.013%	$411K	$857K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4606	+0.033%	$45K	$8K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0117%	1h	0.4605	+0.011%	$237K	$1.0M	15x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4608	+0.098%	$29K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4568	−0.782%	$888	$216K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0184%	1h	0.4605	+0.022%	$43K	$421K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4609	+0.109%	$302K	$876K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4602	−0.043%	$3.3M	$3.2M	75x	as long as short
01 Exchange ONDOUSD	+0.0416%	1h	0.4612	+0.169%	$380	$2K	10x	as long as short
Hyperliquid ONDO	+0.0418%	1h	0.4608	+0.085%	$41.3M	$26.4M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0589% / S −0.0187%	1h	0.4603	−0.023%	$549K	—	100x	as long as short
Lighter ONDO	+0.0704%	1h	0.4615	+0.232%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1141%	1h	0.4604	−0.003%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3802%	1h	0.4599	−0.110%	$260K	$129K	5x	as long as short