Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h +0.071%

Price spread now: BloFin against Aevo+0.045%53s7-day average — · you sell dearer than you buy

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

Long on Aevo Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.045% dearer against Aevo than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ONDO-PERP	0.4430	0.0104	pay 0.0013% / 1h	29m 28s	$38K	$13K	3x
Short	BloFin ONDO-USDT	0.4432	0.0340	get 0.0170% / 4h	1h 29m	$3.1M	$3.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Aevo. 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 AevobpFee BloFinbpOrdersPrice spread, now +0.045%Rate

Funding earned: $49.56
Price spread: +0.045% → 0.000%: $4.51
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee BloFin: 6 bp × 2 orders: −$12
Net: $26.07
Costs to cover: 0.280%
Break-even: 3.3 days

Slippage unknown: Aevo: no order-book sample; BloFin: live order book, 4 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 Aevo no order-book sample	—	—	—	—	—
Sell BloFin live order book, 4 min ago	3.39 bp	9.4 bp −$9	16.8 bp −$168	43.7 bp −$4,369	128.7 bp −$64.4K

Aevo: 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
dYdX ONDO-USD	+0.0002%	1h	0.4425	−0.113%	$250K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4422	−0.186%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.115%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4424	−0.136%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4420	−0.226%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4425	−0.124%	$375K	$837K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4423	−0.150%	$64.1M	$226.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4421	−0.203%	$69.9M	$122.9M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4421	−0.203%	$17.1M	$72.2M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4422	−0.187%	$72K	$87K	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	0.4424	−0.130%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4423	−0.158%	$11.7M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4423	−0.158%	$46.8M	$41.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4425	−0.113%	$13.0M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4425	−0.113%	$25.3M	$39.7M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4424	−0.135%	—	$760K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4427	−0.077%	$717K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4421	−0.201%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4435	+0.114%	$415K	$992K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4427	−0.068%	$136K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4426	−0.097%	$71K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4432	+0.045%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4427	−0.068%	$460	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4436	+0.135%	$130K	$473K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4425	−0.113%	$4.2M	$7.6M	50x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4425	−0.107%	$401K	$790K	25x	as long as short
Aevo ONDO-PERPlong	+0.0104%	1h	0.4430	long leg	$38K	$13K	3x
Paradex ONDO-USD-PERP	+0.0106%	8h	0.4427	−0.064%	$6K	—	10x	as long as short
Aster ONDOUSDT	+0.0170%	4h	0.4427	−0.060%	$713K	$2.3M	20x	as long as short
Hyperliquid ONDO	+0.0202%	1h	0.4428	−0.050%	$38.4M	$24.5M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0223%	1h	0.4428	−0.036%	$194K	$981K	15x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4433	+0.068%	$35K	$225K	10x	as long as short
BloFin ONDO-USDTshort	+0.0340%	4h	0.4432	+0.045%	$3.1M	$3.1M	75x
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4435	+0.113%	$285K	$705K	50x	as long as short
01 Exchange ONDOUSD	+0.0376%	1h	0.4426	−0.086%	$364	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0428%	1h	0.4429	−0.023%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0552% / S −0.0190%	1h	0.4421	−0.209%	$488K	—	100x	as long as short
Lighter ONDO	+0.0888%	1h	0.4437	+0.149%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1149%	1h	0.4425	−0.109%	$2K	—	20x	as long as short