Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.035%

Price spread now: Aster against gTrade (Gains Network)+0.080%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Aster

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aster is 0.080% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ONDO/USD	0.4296	L +0.0003% / S −0.0011%	pay 0.0000% / 1h	30m 31s	$7K	—	150x
Short	Aster ONDOUSDT	0.4300	0.0100	get 0.0050% / 4h	30m 31s	$766K	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee AsterbpOrdersPrice spread, now +0.080%Rate

Funding earned: $20.28
Price spread: +0.080% → 0.000%: $8
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $10.28
Costs to cover: 0.180%
Break-even: 3.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Aster: live order book, 1 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Aster live order book, 1 min ago	1.16 bp	9.2 bp −$9	27.9 bp −$279	doesn't fit	doesn't fit

gTrade (Gains Network): 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 exchanges

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	−0.0259%	1h	0.4303	+0.156%	$2.5M	$6.7M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4303	+0.152%	$21K	$354K	25x	as long as short
gTrade (Gains Network) ONDO/USDlong	L +0.0003% / S −0.0011%	1h	0.4296	long leg	$7K	—	150x
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+6.319%	$888	$214K	5.5x	as long as short
Bybit ONDOUSDT	+0.0071%	4h	0.4295	−0.035%	$67.2M	$111.5M	50x	as long as short
Lighter ONDO	+0.0096%	1h	0.4303	+0.140%	$1.0M	$2.1M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4302	+0.128%	$23K	$7K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4304	+0.175%	$330K	$810K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4300	+0.091%	$36.2M	$26.2M	10x	as long as short
Aster ONDOUSDTshort	+0.0100%	4h	0.4300	+0.080%	$766K	$2.8M	20x

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ONDOUSDT	+0.0100%	4h	0.4296	−0.001%	$61.8M	$209.2M	75x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4296	−0.011%	$17.2M	$64.7M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4302	+0.138%	$69K	$64K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4296	−0.002%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4298	+0.035%	$14.3M	$12.9M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4297	+0.012%	$43.8M	$39.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4298	+0.035%	$12.9M	$8.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4299	+0.058%	$25.0M	$30.1M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4297	+0.012%	—	$23.5M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4301	+0.112%	$178K	$984K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4300	+0.088%	$619K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4308	+0.278%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4309	+0.298%	$407K	$2.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4308	+0.268%	$85K	$348K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4299	+0.070%	$53K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4304	+0.175%	—	$1.2M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4303	+0.152%	$447	$17K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4319	+0.524%	$106K	$432K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4303	+0.152%	$4.1M	$8.3M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4296	−0.017%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4295	−0.035%	$348K	$722K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4304	+0.175%	$37K	$13K	3x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0161% / S +0.0063%	1h	0.4303	+0.157%	$272K	—	100x	as long as short
Phoenix ONDO	+0.0167%	1h	0.4312	+0.354%	$35K	$204K	10x	as long as short
01 Exchange ONDOUSD	+0.0168%	1h	0.4299	+0.065%	$354	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0240%	1h	0.4303	+0.152%	$212K	$547K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4305	+0.198%	$3.2M	$2.9M	75x	as long as short
Reya ONDORUSDPERP	+0.1169%	1h	0.4296	−0.006%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3703%	1h	0.4298	+0.036%	$246K	$159K	5x	as long as short