Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h −0.054%

Price spread now: Aster against 01 Exchange−0.043%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange 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

Funding pays, the price is against you. Aster is 0.043% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 7.4 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ONDOUSD	0.4391	0.0208	pay 0.0026% / 1h	22m 07s	$361	$2K	10x
Short	Aster ONDOUSDT	0.4389	0.0227	get 0.0114% / 4h	22m 07s	$738K	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against 01 Exchange. 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 01 ExchangebpFee AsterbpOrdersPrice spread, now −0.043%Rate

Funding earned: $4.09
Price spread: −0.043% → 0.000%: −$4.33
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$15.23
Costs to cover: 0.150%
Break-even: 33.0 days

Slippage unknown: 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Aster live order book, 1 min ago	1.14 bp	8.2 bp −$8	30.6 bp −$306	doesn't fit	doesn't fit

01 Exchange: 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
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4387	−0.092%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4387	−0.097%	$2.6M	$7.8M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.033%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4391	0.000%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4388	−0.066%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4392	+0.031%	$363K	$855K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4387	−0.087%	$37.6M	$24.7M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4388	−0.073%	$63.4M	$230.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4386	−0.112%	$67.8M	$126.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4390	−0.020%	$17.1M	$73.2M	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	0.4398	+0.162%	$73K	$85K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4389	−0.037%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4384	−0.157%	$11.6M	$16.4M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4383	−0.180%	$44.3M	$42.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4386	−0.112%	$12.7M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4384	−0.157%	$25.1M	$39.8M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4384	−0.157%	—	$21.9M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4385	−0.128%	$187K	$978K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4384	−0.164%	$711K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4392	+0.034%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4393	+0.046%	$411K	$1.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4392	+0.025%	$135K	$355K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4391	+0.011%	$68K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4391	+0.002%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4389	−0.043%	$456	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4401	+0.230%	$127K	$430K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4385	−0.134%	$4.2M	$7.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4388	−0.070%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4387	−0.086%	$395K	$798K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4391	−0.003%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSDlong	+0.0208%	1h	0.4391	long leg	$361	$2K	10x
Aster ONDOUSDTshort	+0.0227%	4h	0.4389	−0.043%	$738K	$2.5M	20x
dYdX ONDO-USD	+0.0319%	1h	0.4388	−0.057%	$248K	$129K	5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4404	+0.298%	$272K	$730K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4389	−0.043%	$3.1M	$3.0M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4392	+0.016%	$35K	$223K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0434%	1h	0.4389	−0.043%	$18K	$367K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0607% / S −0.0219%	1h	0.4386	−0.106%	$521K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1152%	1h	0.4388	−0.067%	$2K	—	20x	as long as short