Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0170%/8h= +18.6% APRpaid last 24h +0.054%

Price spread now: 01 Exchange against Aster+0.009%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ONDOUSDT	0.4406	0.0190	pay 0.0095% / 4h	1h 08m	$736K	$2.3M	20x
Short	01 Exchange ONDOUSD	0.4406	0.0360	get 0.0045% / 1h	8m 19s	$363	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.009%Rate

Funding earned: $35.64
Price spread: +0.009% → 0.000%: $0.91
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $21.55
Costs to cover: 0.150%
Break-even: 2.8 days

Slippage unknown: Aster: live order book, 5 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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	2.27 bp	12.8 bp −$13	41.7 bp −$417	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
dYdX ONDO-USD	+0.0001%	1h	0.4397	−0.202%	$249K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4405	−0.011%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.677%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4401	−0.118%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4405	−0.023%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4403	−0.074%	$372K	$837K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4401	−0.113%	$63.9M	$225.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4400	−0.136%	$69.8M	$122.9M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4400	−0.136%	$17.1M	$71.6M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4401	−0.123%	$73K	$86K	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	0.4403	−0.075%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4402	−0.091%	$11.6M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4401	−0.113%	$47.7M	$41.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4402	−0.091%	$12.9M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4407	+0.023%	$25.2M	$39.4M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4405	−0.023%	—	$21.7M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4410	+0.083%	$714K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4414	+0.182%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4418	+0.276%	$408K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4417	+0.250%	$136K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4406	+0.005%	$64K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4403	−0.068%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4406	0.000%	$458	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4408	+0.045%	$129K	$474K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4401	−0.113%	$4.2M	$7.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0104%	8h	0.4404	−0.046%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4405	−0.021%	$398K	$793K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4408	+0.045%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0138%	1h	0.4406	+0.011%	$38.2M	$24.2M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0182%	1h	0.4400	−0.132%	$191K	$979K	15x	as long as short
Aster ONDOUSDTlong	+0.0190%	4h	0.4406	long leg	$736K	$2.3M	20x
Phoenix ONDO	+0.0272%	1h	0.4427	+0.468%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4399	−0.159%	$3.1M	$3.0M	75x	as long as short
01 Exchange ONDOUSDshort	+0.0360%	1h	0.4406	+0.009%	$363	$2K	10x
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4422	+0.363%	$281K	$719K	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0431%	1h	0.4407	+0.023%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0551% / S −0.0190%	1h	0.4405	−0.033%	$486K	—	100x	as long as short
Lighter ONDO	+0.0864%	1h	0.4410	+0.098%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1150%	1h	0.4407	+0.020%	$2K	—	20x	as long as short