Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against edgeX−0.226%72s7-day average — · you buy dearer than you sell

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

Long on edgeX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.226% cheaper against edgeX than usual: you would sell low and buy high, −$23 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ONDOUSDC	0.4393	0.0100	pay 0.0050% / 4h	1h 03m	$4K	$316K	20x
Short	Aevo ONDO-PERP	0.4383	0.0104	get 0.0013% / 1h	3m 48s	$38K	$13K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against edgeX. 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 edgeXbpFee AevobpOrdersPrice spread, now −0.226%Rate

Funding earned: $0.84
Price spread: −0.226% → 0.000%: −$22.59
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$46.75
Costs to cover: 0.250%
Break-even: 396.6 days

Slippage unknown: edgeX: live order book, 59 min ago; Aevo: 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 edgeX live order book, 59 min ago	4.54 bp	9.5 bp −$10	16.1 bp −$161	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	0.4389	−0.090%	$248K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4380	−0.298%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.982%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0062%	1h	0.4381	−0.279%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4380	−0.298%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4380	−0.309%	$369K	$837K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4380	−0.289%	$63.6M	$226.2M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4377	−0.366%	$69.5M	$123.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4378	−0.343%	$17.0M	$71.4M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4383	−0.223%	$72K	$84K	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	0.4387	−0.145%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4379	−0.321%	$11.6M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4379	−0.321%	$47.2M	$41.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4381	−0.275%	$12.9M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4376	−0.389%	$25.0M	$39.4M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4379	−0.321%	—	$21.7M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4386	−0.169%	$711K	$1.8M	—	as long as short
edgeX ONDOUSDClong	+0.0100%	4h	0.4393	long leg	$4K	$316K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4402	+0.203%	$407K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4400	+0.157%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4385	−0.193%	$67K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4383	−0.230%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4383	−0.230%	$456	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4390	−0.070%	$129K	$474K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4386	−0.161%	$4.2M	$7.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4387	−0.130%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4380	−0.295%	$396K	$793K	25x	as long as short
Aevo ONDO-PERPshort	+0.0104%	1h	0.4383	−0.226%	$38K	$13K	3x
Hyperliquid ONDO	+0.0122%	1h	0.4378	−0.341%	$38.0M	$24.2M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0163%	1h	0.4383	−0.230%	$188K	$981K	15x	as long as short
Aster ONDOUSDT	+0.0191%	4h	0.4381	−0.271%	$734K	$2.3M	20x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0207%	1h	0.4382	−0.252%	$23K	$349K	25x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4394	+0.030%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4392	−0.025%	$3.1M	$3.0M	75x	as long as short
01 Exchange ONDOUSD	+0.0352%	1h	0.4386	−0.166%	$361	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4386	−0.161%	$279K	$714K	50x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0550% / S −0.0190%	1h	0.4380	−0.303%	$483K	—	100x	as long as short
Lighter ONDO	+0.0848%	1h	0.4387	−0.132%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1150%	1h	0.4381	−0.271%	$2K	—	20x	as long as short