Settings8H · net · $10k
Funding arb · Price arb /

ONDO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0061%/8h= +6.6% APRnext payment +$0.30 per $10,000 · paid last 24h 0.000%
Price spread now: Aster against BingX+0.113%7-day average · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$430.431% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.014%+$1 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aster is 0.113% dearer against BingX than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ONDO-USDT0.44230.0100pay 0.0050% / 4h1h 31m$21.9M
ShortAster ONDOUSDT0.44280.0161get 0.0080% / 4h1h 31m$714K$2.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against BingX. 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

Funding earned
$12.72
Price spread: +0.113% → 0.000%
$11.3
Slippage, 4 orders
−$25.05
Fee BingX: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$19.03
Costs to cover
0.431%
Break-even
17.5 days
Slippage from BingX: live order book, 7 min ago; Aster: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 7 min ago2.28 bp9.0 bp −$915.7 bp −$15737.6 bp −$3,761322.9 bp −$161.5K
Sell Aster live order book, 2 min ago3.39 bp12.0 bp −$1236.0 bp −$360doesn't fitdoesn't fit

ONDO on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ONDO-USD+0.0002%1h0.4421−0.054%$250K$129K5xas long as short
gTrade (Gains Network) ONDO/USDL +0.0003% / S −0.0008%1h0.4418−0.114%$6K150xas long as short
Injective ONDO/USDC PERP+0.0033%1h0.4568+3.278%$888$216K5.5xas long as short
Kraken Futures PF_ONDOUSD+0.0061%1h0.4420−0.057%$2.6M$8.2M50xas long as short
Orderly PERP_ONDO_USDC+0.0100%4h0.4420−0.068%$24K$6K10xas long as short
Nado ONDO-PERP+0.0100%1h0.4421−0.045%$374K$837K10xas long as short
Binance ONDOUSDT+0.0100%4h0.4428+0.113%$64.3M$225.8M75xas long as short
Bybit ONDOUSDT+0.0100%4h0.4425+0.045%$69.9M$122.8M50xas long as short
OKX ONDO-USDT-SWAP+0.0100%4h0.4427+0.090%$17.1M$72.3M50xas long as short
Ondo Perps ONDO-USD.P+0.0100%1h0.4419−0.088%$72K$87K10xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
RISEx ONDO/USDC+0.0100%1h0.4418−0.102%5xas long as short
Gate ONDO_USDT+0.0100%4h0.44230.000%$11.7M$16.1M50xas long as short
MEXC ONDO_USDT+0.0100%4h0.4428+0.113%$46.9M$41.3M200xas long as short
KuCoin ONDOUSDTM+0.0100%4h0.4422−0.023%$12.9M$10.8M50xas long as short
Bitget ONDOUSDT+0.0100%4h0.4427+0.090%$25.3M$39.7M50xas long as short
BingX ONDO-USDTlong+0.0100%4h0.4423long leg$21.9M
Variational Omni ONDO+0.0100%4h0.4409−0.325%$713K$1.8Mas long as short
edgeX ONDOUSDC+0.0100%4h0.4414−0.210%$5K$320K20xas long as short
GRVT ONDO_USDT_Perp+0.0100%4h0.4415−0.181%$408K$983K10xas long as short
ApeX Omni ONDOUSDT+0.0100%1h0.4417−0.136%$136K$354K50xas long as short
Polymarket Perps ONDO-USD+0.0100%1h0.4422−0.032%$71K$1.3M10xas long as short
SunX ONDO-USDT+0.0100%4h0.4422−0.023%$1.4M20xas long as short
SoDEX ONDO-USD+0.0100%1h0.4422−0.023%$460$13K10xas long as short
HTX ONDO-USDT+0.0100%4h0.4429+0.136%$130K$473K50xas long as short
Phemex ONDOUSDT+0.0100%4h0.4421−0.045%$4.2M$7.6M50xas long as short
Extended ONDO-USD+0.0104%1h0.4425+0.039%$399K$789K25xas long as short
Aevo ONDO-PERP+0.0104%1h0.44230.000%$38K$13K3xas long as short
Paradex ONDO-USD-PERP+0.0106%8h0.4422−0.018%$6K10xas long as short
Aster ONDOUSDTshort+0.0161%4h0.4428+0.113%$714K$2.3M20x
Hyperliquid ONDO+0.0206%1h0.4430+0.147%$38.5M$24.5M10xas long as short
Backpack ONDO_USDC_PERP+0.0211%1h0.4423−0.002%$191K$979K15xas long as short
Phoenix ONDO+0.0272%1h0.4398−0.574%$35K$225K10xas long as short
BloFin ONDO-USDT+0.0340%4h0.4421−0.045%$3.1M$3.1M75xas long as short
Coinbase International ONDO-PERP-INTX+0.0360%1h0.4407−0.362%$283K$700K50xas long as short
01 Exchange ONDOUSD+0.0384%1h0.4424+0.025%$364$2K10xas long as short
GMX ONDO/USD [ETH-USDC]L +0.0552% / S −0.0190%1h0.4416−0.156%$487K100xas long as short
Deribit ONDO_USDC-PERPETUAL+0.0655%1h0.4422−0.023%$23K$349K25xas long as short
Lighter ONDO+0.0896%1h0.4434+0.253%$1.4M$2.1M10xas long as short
Reya ONDORUSDPERP+0.1149%1h0.4420−0.064%$2K20xas long as short