Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: ApeX Omni against Aster−0.486%69s7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$510.505% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 4 days (all we have)+0.798%+$80 · spread now −0.486%, 7d avg −0.004%

Together, before fees+0.792%+ Points / potential airdropAster: Stage 5 · farm board+$79 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: ApeX Omni is 0.482% cheaper against Aster than usual: you would sell low and buy high, −$48 on $10k if it goes back to its 7-day average of −0.004%. The two prices were read 69 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	Aster ONDOUSDT	0.4331	0.0100	pay 0.0050% / 4h	3h 24m	$761K	$2.8M	20x
Short	ApeX Omni ONDOUSDT	0.4310	0.0100	get 0.0013% / 1h	24m 12s	$133K	$339K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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 AsterbpFee ApeX OmnibpOrdersPrice spread, now −0.486%Rate

Funding earned: $0
Price spread: −0.486% → −0.004%: −$48.2
Slippage, 4 orders: −$32.54
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$98.74
Costs to cover: 0.505%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; ApeX Omni: live order book, 8 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 Aster live order book, 4 min ago	3.48 bp	15.1 bp −$15	50.7 bp −$507	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 8 min ago	4.64 bp	13.2 bp −$13	31.0 bp −$310	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	−0.0176%	1h	0.4331	+0.008%	$2.5M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4311	−0.466%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.471%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4336	+0.112%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4325	−0.151%	$341K	$888K	10x	as long as short
Aster ONDOUSDTlong	+0.0100%	4h	0.4331	long leg	$761K	$2.8M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4332	+0.030%	$63.2M	$232.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4330	−0.024%	$67.7M	$121.9M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4333	+0.045%	$17.3M	$71.2M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4309	−0.511%	$71K	$79K	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	0.4325	−0.139%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4327	−0.093%	$13.3M	$15.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4330	−0.024%	$44.2M	$42.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4325	−0.139%	$12.2M	$10.3M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4332	+0.022%	$25.1M	$36.3M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4330	−0.024%	—	$783K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4315	−0.379%	$178K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4300	−0.724%	$676K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4311	−0.462%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4311	−0.463%	$404K	$1.6M	10x	as long as short
ApeX Omni ONDOUSDTshort	+0.0100%	1h	0.4310	−0.486%	$133K	$339K	50x
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4326	−0.105%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4331	−0.001%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4333	+0.045%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4333	+0.045%	$2K	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4333	+0.045%	$128K	$368K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4331	−0.001%	$4.2M	$9.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4318	−0.298%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4331	+0.007%	$359K	$824K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4334	+0.078%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0212%	1h	0.4334	+0.069%	$28K	$360K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4340	+0.207%	$214K	$717K	50x	as long as short
01 Exchange ONDOUSD	+0.0272%	1h	0.4329	−0.058%	$356	$2K	10x	as long as short
Phoenix ONDO	+0.0277%	1h	0.4313	−0.428%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4310	−0.486%	$3.2M	$3.1M	75x	as long as short
Hyperliquid ONDO	+0.0489%	1h	0.4330	−0.019%	$36.3M	$27.6M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0582% / S −0.0208%	1h	0.4329	−0.047%	$500K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1163%	1h	0.4333	+0.039%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3526%	1h	0.4316	−0.343%	$247K	$159K	5x	as long as short