Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: edgeX against Aster+0.406%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs+$2as in the Price arb table

costs, in and out, $10k−$420.418% of the position

Long on Aster Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 4 days (all we have)+0.306%+$31 · spread now +0.406%, 7d avg −0.032%

Together, before fees+0.246%+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm board+$25 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: edgeX is 0.438% dearer against Aster than usual: you sell high and buy low, +$44 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ONDOUSDT	0.4440	0.0100	pay 0.0050% / 4h	2h 45m	$683K	$2.2M	20x
Short	edgeX ONDOUSDC	0.4458	0.0100	get 0.0050% / 4h	2h 45m	$5K	$320K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.406%Rate

Funding earned: $0
Price spread: +0.406% → −0.032%: $43.81
Slippage, 4 orders: −$24.82
Fee Aster: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $1.99
Costs to cover: 0.418%
Break-even: from the start

Slippage from Aster: live order book, 3 min ago; edgeX: live order book, 23 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, 3 min ago	2.24 bp	13.6 bp −$14	45.9 bp −$459	doesn't fit	doesn't fit
Sell edgeX live order book, 23 min ago	4.35 bp	8.9 bp −$9	15.0 bp −$150	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	−0.0359%	1h	0.4447	+0.156%	$2.7M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4437	−0.065%	$251K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0007%	1h	0.4434	−0.137%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+2.883%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4433	−0.158%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4438	−0.051%	$407K	$795K	10x	as long as short
Aster ONDOUSDTlong	+0.0100%	4h	0.4440	long leg	$683K	$2.2M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4437	−0.068%	$65.4M	$228.2M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4436	−0.090%	$71.5M	$122.6M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4437	−0.068%	$17.1M	$76.2M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4450	+0.234%	$73K	$90K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4437	−0.060%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4436	−0.090%	$11.6M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4436	−0.090%	$45.0M	$42.2M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4436	−0.090%	$13.4M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4436	−0.090%	$25.1M	$39.9M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4435	−0.113%	—	$756K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4446	+0.131%	$791K	$1.8M	—	as long as short
edgeX ONDOUSDCshort	+0.0100%	4h	0.4458	+0.406%	$5K	$320K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4470	+0.677%	$421K	$952K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4459	+0.428%	$165K	$356K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4441	+0.015%	$101K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4447	+0.157%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4448	+0.180%	$462	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4454	+0.315%	$131K	$500K	50x	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4447	+0.166%	$202K	$1.0M	15x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4440	−0.007%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4441	+0.030%	$402K	$816K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4449	+0.202%	$39K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0254%	1h	0.4441	+0.018%	$39.2M	$25.5M	10x	as long as short
01 Exchange ONDOUSD	+0.0328%	1h	0.4442	+0.038%	$366	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4469	+0.653%	$290K	$800K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4452	+0.270%	$36K	$231K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4471	+0.698%	$3.2M	$3.0M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0425%	1h	0.4447	+0.157%	$32K	$339K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0579% / S −0.0186%	1h	0.4444	+0.089%	$530K	—	100x	as long as short
Phemex ONDOUSDT	+0.0651%	4h	0.4451	+0.247%	$4.2M	$7.3M	50x	as long as short
Lighter ONDO	+0.0656%	1h	0.4445	+0.101%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1147%	1h	0.4436	−0.096%	$2K	—	20x	as long as short