Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: Aster against Binance+0.105%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$350.349% of the position

Long on Binance Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 7 days−0.120%−$12 · spread now +0.105%, 7d avg +0.039%

Together, before fees−0.058%+ Points / potential airdropAster: Stage 5 · farm board−$6 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: Aster is 0.066% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ONDOUSDT	0.4340	0.0100	pay 0.0050% / 4h	3h 44m	$63.4M	$233.4M	75x
Short	Aster ONDOUSDT	0.4345	0.0100	get 0.0050% / 4h	3h 44m	$761K	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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 BinancebpFee AsterbpOrdersPrice spread, now +0.105%Rate

Funding earned: $0
Price spread: +0.105% → +0.039%: $6.65
Slippage, 4 orders: −$16.94
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$28.29
Costs to cover: 0.349%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Aster: live order book, 4 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 Binance live order book, 14 min ago	1.15 bp	7.6 bp −$8	13.3 bp −$133	54.5 bp −$5,448	doesn't fit
Sell Aster live order book, 4 min ago	1.15 bp	9.3 bp −$9	34.9 bp −$349	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	−0.0176%	1h	0.4341	+0.023%	$2.5M	$7.8M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4342	+0.045%	$18K	$351K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4340	−0.006%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.252%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4346	+0.144%	$1.1M	$2.3M	10x	as long as short
Aster ONDOUSDTshort	+0.0100%	4h	0.4345	+0.105%	$761K	$2.8M	20x
Binance ONDOUSDTlong	+0.0100%	4h	0.4340	long leg	$63.4M	$233.4M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4338	−0.047%	$68.5M	$121.7M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4340	−0.001%	$17.4M	$72.0M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4337	−0.075%	$71K	$81K	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	0.4340	+0.002%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4340	−0.001%	$13.2M	$15.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4342	+0.045%	$44.6M	$41.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4343	+0.068%	$12.1M	$10.4M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4342	+0.045%	$24.9M	$36.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4340	−0.001%	—	$23.2M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4344	+0.093%	$181K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4339	−0.029%	$682K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4339	−0.035%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4336	−0.093%	$401K	$1.6M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4344	+0.091%	$134K	$340K	50x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4341	+0.033%	$347K	$886K	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4340	+0.010%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4341	+0.022%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4342	+0.045%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4342	+0.045%	$2K	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4347	+0.160%	$129K	$369K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4343	+0.068%	$4.2M	$9.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4339	−0.031%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4341	+0.018%	$364K	$831K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4343	+0.068%	$38K	$13K	3x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4346	+0.137%	$215K	$734K	50x	as long as short
Phoenix ONDO	+0.0277%	1h	0.4344	+0.098%	$35K	$218K	10x	as long as short
01 Exchange ONDOUSD	+0.0304%	1h	0.4343	+0.061%	$357	$2K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4341	+0.022%	$3.2M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0574% / S −0.0203%	1h	0.4340	−0.007%	$496K	—	100x	as long as short
Hyperliquid ONDO	+0.0647%	1h	0.4348	+0.193%	$36.8M	$27.4M	10x	as long as short
Reya ONDORUSDPERP	+0.1162%	1h	0.4341	+0.022%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1841%	1h	0.4340	−0.013%	$244K	$155K	5x	as long as short