Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against OKX+0.066%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$360.359% of the position

Long on OKX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$5 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.066%, 7d avg +0.074%

Together, before fees+0.015%+ Points / potential airdropAster: Stage 5 · farm board+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ONDO-USDT-SWAP	0.4554	0.0100	pay 0.0050% / 4h	20m 36s	$17.6M	$80.5M	50x
Short	Aster ONDOUSDT	0.4557	0.0100	get 0.0050% / 4h	20m 36s	$723K	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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 OKXbpFee AsterbpOrdersPrice spread, now +0.066%Rate

Funding earned: $0
Price spread: +0.066% → +0.074%: −$0.79
Slippage, 4 orders: −$17.95
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$36.74
Costs to cover: 0.359%
Break-even: never at this rate

Slippage from OKX: 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 OKX live order book, 3 min ago	1.10 bp	8.3 bp −$8	24.8 bp −$248	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	1.10 bp	10.1 bp −$10	35.3 bp −$353	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	−0.0802%	1h	0.4546	−0.169%	$2.8M	$8.0M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	+0.307%	$888	$216K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4549	−0.110%	$35K	$437K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4548	−0.127%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4547	−0.154%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4556	+0.033%	$438K	$710K	10x	as long as short
Aster ONDOUSDTshort	+0.0100%	4h	0.4557	+0.066%	$723K	$2.1M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4555	+0.022%	$68.1M	$227.3M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4555	+0.022%	$73.8M	$122.9M	50x	as long as short
OKX ONDO-USDT-SWAPlong	+0.0100%	4h	0.4554	long leg	$17.6M	$80.5M	50x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4547	−0.149%	$74K	$88K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4554	−0.004%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4550	−0.088%	$11.9M	$18.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4554	0.000%	$48.6M	$43.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4556	+0.044%	$14.1M	$11.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4554	0.000%	$25.7M	$41.2M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4554	0.000%	—	$741K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4553	−0.031%	$228K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4549	−0.112%	$782K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4538	−0.356%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4543	−0.249%	$419K	$960K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4539	−0.329%	$172K	$311K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4553	−0.011%	$69K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4554	0.000%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4548	−0.132%	$473	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4560	+0.132%	$134K	$506K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4548	−0.132%	$4.6M	$6.9M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4553	−0.025%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4553	−0.024%	$407K	$844K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4551	−0.066%	$44K	$8K	3x	as long as short
Hyperliquid ONDO	+0.0125%	1h	0.4559	+0.103%	$40.3M	$26.4M	10x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4548	−0.127%	$38K	$257K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4556	+0.044%	$297K	$846K	50x	as long as short
01 Exchange ONDOUSD	+0.0320%	1h	0.4557	+0.059%	$375	$2K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4552	−0.044%	$3.3M	$3.2M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0587% / S −0.0188%	1h	0.4548	−0.126%	$543K	—	100x	as long as short
Lighter ONDO	+0.0744%	1h	0.4563	+0.209%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1143%	1h	0.4550	−0.080%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3549%	1h	0.4555	+0.028%	$258K	$132K	5x	as long as short