Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Aster against Aevo−0.001%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ONDO-PERP	0.4566	0.0104	pay 0.0013% / 1h	56m 15s	$40K	$13K	3x
Short	Aster ONDOUSDT	0.4566	0.0100	get 0.0050% / 4h	3h 56m	$722K	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aevo. 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 AevobpFee AsterbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$0.84
Price spread: −0.001% → 0.000%: −$0.12
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Aster: 4 bp × 2 orders: −$8
Net: −$24.96
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Aster: live order book, 2 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 Aevo no order-book sample	—	—	—	—	—
Sell Aster live order book, 2 min ago	2.18 bp	9.6 bp −$10	36.4 bp −$364	doesn't fit	doesn't fit

Aevo: 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	−0.0875%	1h	0.4563	−0.059%	$2.8M	$8.0M	50x	as long as short
Gate ONDO_USDT	−0.0398%	4h	0.4561	−0.102%	$12.0M	$16.5M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4567	+0.036%	$258K	$132K	5x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4564	−0.036%	$33K	$364K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4562	−0.075%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+0.052%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4563	−0.058%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4563	−0.047%	$440K	$706K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4568	+0.052%	$40.4M	$26.3M	10x	as long as short
Aster ONDOUSDTshort	+0.0100%	4h	0.4566	−0.001%	$722K	$2.1M	20x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ONDOUSDT	+0.0100%	4h	0.4565	−0.014%	$68.3M	$226.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4564	−0.036%	$73.9M	$120.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4564	−0.036%	$17.7M	$79.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4564	−0.029%	$75K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4565	−0.017%	—	—	5x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4563	−0.058%	$48.9M	$41.2M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4564	−0.036%	$14.1M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4564	−0.036%	$25.8M	$40.2M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4562	−0.080%	—	$22.2M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4574	+0.183%	$231K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4569	+0.071%	$812K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4578	+0.268%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4581	+0.335%	$423K	$949K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4577	+0.249%	$174K	$311K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4565	−0.018%	$69K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4567	+0.030%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4564	−0.036%	$474	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4572	+0.139%	$134K	$502K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4565	−0.014%	$4.6M	$7.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4566	+0.014%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4563	−0.060%	$409K	$843K	25x	as long as short
Aevo ONDO-PERPlong	+0.0104%	1h	0.4566	long leg	$40K	$13K	3x
01 Exchange ONDOUSD	+0.0176%	1h	0.4565	−0.021%	$376	$2K	10x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4585	+0.422%	$38K	$248K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4581	+0.336%	$297K	$833K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4570	+0.095%	$3.3M	$3.3M	75x	as long as short
Lighter ONDO	+0.0408%	1h	0.4573	+0.152%	$1.5M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0588% / S −0.0188%	1h	0.4562	−0.089%	$545K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1144%	1h	0.4561	−0.095%	$2K	—	20x	as long as short