Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: HTX against Aster+0.118%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$750.755% of the position

Long on Aster Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.204%−$20 · spread now +0.118%, 7d avg +0.097%

Together, before fees−0.204%+ Points / potential airdropAster: Stage 5 · farm board−$20 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: HTX is 0.021% dearer against Aster than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ONDOUSDT	0.4330	0.0100	pay 0.0050% / 4h	1h 26m	$776K	$2.7M	20x
Short	HTX ONDO-USDT	0.4335	0.0100	get 0.0050% / 4h	1h 26m	$128K	$401K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.118%Rate

Funding earned: $0
Price spread: +0.118% → +0.097%: $2.09
Slippage, 4 orders: −$55.5
Fee Aster: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$73.4
Costs to cover: 0.755%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; HTX: live order book, 16 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, 2 min ago	1.16 bp	9.3 bp −$9	41.2 bp −$412	doesn't fit	doesn't fit
Sell HTX live order book, 16 min ago	13.82 bp	22.1 bp −$22	doesn't fit	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	−0.0146%	1h	0.4326	−0.079%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4317	−0.296%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0004%	1h	0.4322	−0.176%	$243K	$141K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.500%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4331	+0.031%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4326	−0.078%	$347K	$894K	10x	as long as short
Aster ONDOUSDTlong	+0.0100%	4h	0.4330	long leg	$776K	$2.7M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4330	+0.003%	$62.6M	$235.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4327	−0.066%	$67.7M	$124.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4330	+0.003%	$17.2M	$72.5M	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	0.4306	−0.549%	$71K	$81K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4328	−0.046%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4327	−0.066%	$12.4M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4330	+0.003%	$43.3M	$42.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4327	−0.066%	$11.9M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4327	−0.066%	$24.8M	$38.2M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4328	−0.043%	—	$23.3M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4328	−0.039%	$172K	$993K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4313	−0.396%	$665K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4321	−0.210%	$5K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4315	−0.341%	$408K	$1.4M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4322	−0.182%	$132K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4330	−0.004%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4326	−0.089%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4329	−0.020%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4329	−0.020%	$450	$14K	10x	as long as short
HTX ONDO-USDTshort	+0.0100%	4h	0.4335	+0.118%	$128K	$401K	50x
Phemex ONDOUSDT	+0.0100%	4h	0.4326	−0.089%	$4.2M	$8.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4326	−0.089%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4328	−0.044%	$391K	$786K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4331	+0.033%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0121%	1h	0.4332	+0.047%	$36.3M	$27.2M	10x	as long as short
01 Exchange ONDOUSD	+0.0176%	1h	0.4330	−0.004%	$356	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4327	−0.066%	$214K	$725K	50x	as long as short
Phoenix ONDO	+0.0313%	1h	0.4318	−0.267%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4326	−0.089%	$3.1M	$3.2M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0443%	1h	0.4330	+0.003%	$18K	$362K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0573% / S −0.0203%	1h	0.4327	−0.077%	$495K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1158%	1h	0.4318	−0.268%	$2K	—	20x	as long as short