Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: Aster against KuCoin−0.010%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$520.523% of the position

Long on KuCoin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 7 days−0.019%−$2 · spread now −0.010%, 7d avg +0.024%

Together, before fees−0.013%+ Points / potential airdropAster: Stage 5 · farm board−$1 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 0.035% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ONDOUSDTM	0.4315	0.0100	pay 0.0050% / 4h	35m 56s	$12.0M	$10.4M	50x
Short	Aster ONDOUSDT	0.4315	0.0100	get 0.0050% / 4h	35m 56s	$772K	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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 KuCoinbpFee AsterbpOrdersPrice spread, now −0.010%Rate

Funding earned: $0
Price spread: −0.010% → +0.024%: −$3.46
Slippage, 4 orders: −$32.31
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$55.77
Costs to cover: 0.523%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Aster: live order book, 3 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 KuCoin live order book, 3 min ago	1.16 bp	18.1 bp −$18	43.1 bp −$431	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	1.15 bp	8.5 bp −$9	32.2 bp −$322	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	0.4312	−0.063%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4314	−0.034%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.863%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4316	+0.032%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4310	−0.110%	$346K	$888K	10x	as long as short
Aster ONDOUSDTshort	+0.0100%	4h	0.4315	−0.010%	$772K	$2.7M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4315	−0.002%	$62.6M	$233.7M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4313	−0.046%	$67.8M	$122.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4314	−0.023%	$17.2M	$71.7M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4325	+0.243%	$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	0.4311	−0.097%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4314	−0.023%	$12.8M	$15.8M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4314	−0.023%	$43.5M	$42.1M	200x	as long as short
KuCoin ONDOUSDTMlong	+0.0100%	4h	0.4315	long leg	$12.0M	$10.4M	50x
Bitget ONDOUSDT	+0.0100%	4h	0.4313	−0.046%	$24.6M	$36.6M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4315	0.000%	—	$776K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4317	+0.037%	$175K	$994K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4310	−0.124%	$677K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4326	+0.262%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4329	+0.324%	$399K	$1.5M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4335	+0.463%	$133K	$339K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4316	+0.032%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4314	−0.023%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4314	−0.023%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4313	−0.046%	$488	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4322	+0.162%	$128K	$369K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4313	−0.046%	$4.2M	$8.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4311	−0.091%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4313	−0.045%	$353K	$800K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4317	+0.036%	$37K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0214%	1h	0.4315	0.000%	$18K	$351K	25x	as long as short
01 Exchange ONDOUSD	+0.0216%	1h	0.4313	−0.039%	$355	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4324	+0.209%	$214K	$730K	50x	as long as short
Phoenix ONDO	+0.0315%	1h	0.4332	+0.399%	$35K	$221K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4321	+0.139%	$3.1M	$3.2M	75x	as long as short
Hyperliquid ONDO	+0.0351%	1h	0.4320	+0.111%	$36.4M	$27.1M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0572% / S −0.0203%	1h	0.4313	−0.037%	$493K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1160%	1h	0.4312	−0.062%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1619%	1h	0.4318	+0.060%	$242K	$156K	5x	as long as short