Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h 0.000%

Price spread now: Aster against Paradex+0.084%7-day average — · you sell dearer than you buy

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

Long on Paradex 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 airdropParadex: Active · Aster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.084% dearer against Paradex than usual: you sell high and buy low, +$8 on $10k if it 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	Paradex ONDO-USD-PERP	0.4599	0.0101	pay 0.0101% / 8h	7h 29m	$7K	$9	10x
Short	Aster ONDOUSDT	0.4603	0.0100	get 0.0050% / 4h	3h 29m	$727K	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Paradex. 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 ParadexbpFee AsterbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$0.23
Price spread: +0.084% → 0.000%: $8.43
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aster: 4 bp × 2 orders: −$8
Net: −$3.8
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Aster: live order book, 4 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 Paradex no order-book sample	—	—	—	—	—
Sell Aster live order book, 4 min ago	2.17 bp	12.3 bp −$12	41.6 bp −$416	doesn't fit	doesn't fit

Paradex: 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
Kraken Futures PF_ONDOUSD	−0.0868%	1h	0.4600	+0.032%	$2.8M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4600	+0.034%	$260K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4598	−0.017%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−0.671%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4599	+0.003%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4600	+0.031%	$431K	$708K	10x	as long as short
Aster ONDOUSDTshort	+0.0100%	4h	0.4603	+0.084%	$727K	$2.2M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4607	+0.184%	$69.1M	$223.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4606	+0.156%	$74.5M	$119.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4606	+0.156%	$17.7M	$79.1M	50x	as long as short

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	0.4613	+0.312%	$73K	$92K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4598	−0.024%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4600	+0.025%	$12.1M	$16.7M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4600	+0.025%	$49.9M	$41.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4600	+0.025%	$14.2M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4602	+0.069%	$26.1M	$39.2M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4601	+0.047%	—	$22.2M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4603	+0.093%	$231K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4597	−0.045%	$817K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4606	+0.154%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4605	+0.143%	$426K	$959K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4611	+0.264%	$172K	$349K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4602	+0.073%	$74K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4601	+0.047%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4601	+0.047%	$478	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4607	+0.177%	$135K	$492K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4601	+0.047%	$4.6M	$7.0M	50x	as long as short
Paradex ONDO-USD-PERPlong	+0.0101%	8h	0.4599	long leg	$7K	$9	10x
Extended ONDO-USD	+0.0104%	1h	0.4600	+0.025%	$417K	$842K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4603	+0.093%	$40K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0185%	1h	0.4601	+0.047%	$34K	$363K	25x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4603	+0.082%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0264%	1h	0.4603	+0.084%	$379	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4631	+0.699%	$300K	$828K	50x	as long as short
Hyperliquid ONDO	+0.0293%	1h	0.4607	+0.177%	$41.0M	$25.5M	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4603	+0.090%	$3.3M	$3.0M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0591% / S −0.0188%	1h	0.4598	−0.015%	$549K	—	100x	as long as short
Lighter ONDO	+0.0600%	1h	0.4610	+0.236%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1145%	1h	0.4600	+0.020%	$2K	—	20x	as long as short