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: KuCoin against Aster+0.024%7-day average −0.024% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$500.504% of the position

Long on Aster Short on KuCoin

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.009%−$1 · spread now +0.024%, 7d avg −0.024%

Together, before fees−0.015%+ Points / potential airdropAster: Stage 5 · farm board−$1 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: KuCoin is 0.048% dearer against Aster than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ONDOUSDT	0.4335	0.0100	pay 0.0050% / 4h	1h 23m	$779K	$2.7M	20x
Short	KuCoin ONDOUSDTM	0.4336	0.0100	get 0.0050% / 4h	1h 23m	$12.0M	$10.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.024%Rate

Funding earned: $0
Price spread: +0.024% → −0.024%: $4.77
Slippage, 4 orders: −$30.35
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$45.58
Costs to cover: 0.504%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; KuCoin: live order book, 5 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, 5 min ago	1.16 bp	9.3 bp −$9	41.2 bp −$412	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	2.32 bp	17.4 bp −$17	34.0 bp −$340	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	0.4336	+0.013%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4340	+0.112%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0004%	1h	0.4334	−0.016%	$243K	$141K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.376%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4338	+0.079%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4334	−0.034%	$348K	$893K	10x	as long as short
Aster ONDOUSDTlong	+0.0100%	4h	0.4335	long leg	$779K	$2.7M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4333	−0.047%	$62.6M	$235.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4331	−0.091%	$67.9M	$124.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4331	−0.091%	$17.3M	$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	0.4334	−0.013%	$71K	$81K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4330	−0.108%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4333	−0.045%	$12.5M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4334	−0.022%	$43.5M	$42.8M	200x	as long as short
KuCoin ONDOUSDTMshort	+0.0100%	4h	0.4336	+0.024%	$12.0M	$10.5M	50x
Bitget ONDOUSDT	+0.0100%	4h	0.4332	−0.068%	$24.8M	$38.0M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4334	−0.022%	—	$772K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4338	+0.072%	$172K	$993K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4342	+0.156%	$667K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4327	−0.189%	$5K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4328	−0.160%	$406K	$1.4M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4328	−0.161%	$132K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4335	+0.005%	$61K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4336	+0.024%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4335	+0.001%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4338	+0.070%	$451	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4345	+0.231%	$129K	$401K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4336	+0.024%	$4.2M	$8.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4333	−0.039%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4332	−0.070%	$375K	$804K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4340	+0.127%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0140%	1h	0.4339	+0.088%	$36.4M	$27.1M	10x	as long as short
01 Exchange ONDOUSD	+0.0200%	1h	0.4333	−0.050%	$357	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4342	+0.162%	$215K	$728K	50x	as long as short
Phoenix ONDO	+0.0313%	1h	0.4318	−0.384%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4340	+0.116%	$3.1M	$3.2M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0442%	1h	0.4340	+0.116%	$18K	$362K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0573% / S −0.0203%	1h	0.4336	+0.022%	$495K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1158%	1h	0.4343	+0.180%	$2K	—	20x	as long as short