Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: OKX against Aster−0.240%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$440.440% of the position

Long on Aster Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$5 on $10k

Price spread, last 4 days (all we have)+0.224%+$22 · spread now −0.240%, 7d avg −0.073%

Together, before fees+0.178%+ Points / potential airdropAster: Stage 5 · farm board+$18 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: OKX is 0.167% cheaper against Aster than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ONDOUSDT	0.4567	0.0100	pay 0.0050% / 4h	1h 08m	$729K	$2.1M	20x
Short	OKX ONDO-USDT-SWAP	0.4556	0.0100	get 0.0050% / 4h	1h 08m	$17.8M	$81.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.240%Rate

Funding earned: $0
Price spread: −0.240% → −0.073%: −$16.65
Slippage, 4 orders: −$25.97
Fee Aster: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$60.62
Costs to cover: 0.440%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; OKX: 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	3.28 bp	11.2 bp −$11	47.5 bp −$475	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	1.10 bp	9.5 bp −$9	18.5 bp −$185	149.6 bp −$15.0K	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	−0.0352%	1h	0.4573	+0.127%	$2.8M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4557	−0.215%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4570	+0.067%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4559	−0.174%	$431K	$705K	10x	as long as short
Aster ONDOUSDTlong	+0.0100%	4h	0.4567	long leg	$729K	$2.1M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4562	−0.102%	$67.7M	$226.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4559	−0.174%	$73.8M	$122.2M	50x	as long as short
OKX ONDO-USDT-SWAPshort	+0.0100%	4h	0.4556	−0.240%	$17.8M	$81.3M	50x
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4551	−0.360%	$74K	$88K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4561	−0.138%	—	—	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ONDO_USDT	+0.0100%	4h	0.4563	−0.086%	$12.0M	$18.7M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4558	−0.196%	$49.2M	$44.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4561	−0.130%	$13.7M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4558	−0.196%	$25.8M	$41.5M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4564	−0.064%	—	$741K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4560	−0.155%	$786K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4563	−0.097%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4568	+0.029%	$421K	$947K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4565	−0.043%	$163K	$317K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4562	−0.115%	$69K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4566	−0.021%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4574	+0.155%	$475	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4576	+0.198%	$133K	$505K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4572	+0.111%	$4.7M	$6.5M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4566	−0.026%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4563	−0.090%	$409K	$855K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4575	+0.175%	$44K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4586	+0.413%	$38K	$219K	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0143%	1h	0.4574	+0.159%	$231K	$1.0M	15x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4568	+0.023%	$888	$216K	5.5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4595	+0.614%	$301K	$862K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4575	+0.176%	$3.3M	$3.2M	75x	as long as short
Hyperliquid ONDO	+0.0376%	1h	0.4562	−0.108%	$40.5M	$26.8M	10x	as long as short
01 Exchange ONDOUSD	+0.0400%	1h	0.4565	−0.053%	$376	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0406%	1h	0.4573	+0.133%	$31K	$431K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0587% / S −0.0187%	1h	0.4570	+0.067%	$545K	—	100x	as long as short
Lighter ONDO	+0.0712%	1h	0.4578	+0.236%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1142%	1h	0.4558	−0.199%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.5445%	1h	0.4570	+0.060%	$259K	$129K	5x	as long as short