Settings8H · net · $10k
Funding arb · Price arb /

ONDO

all ONDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0228%/8h= +25.0% APRnext payment +$0.29 per $10,000 · paid last 24h +0.014%
Price spread now: Phoenix against Aevo+0.239%66s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Phoenix is 0.239% dearer against Aevo than usual: you sell high and buy low: +$24 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ONDO-PERP0.43030.0104pay 0.0013% / 1h31m 37s$37K$13K3x
ShortPhoenix ONDO0.43130.0332get 0.0042% / 1h31m 37s$34K$223K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix 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

Funding earned
$47.95
Price spread: +0.239% → 0.000%
$23.94
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$48.88
Costs to cover
0.230%
Break-even
from the start
Slippage unknown: Aevo: no order-book sample; Phoenix: live order book, 11 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell Phoenix live order book, 11 min ago0.93 bp12.7 bp −$1343.7 bp −$437doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ONDOUSD−0.0243%1h0.4297−0.124%$2.5M$7.8M50xas long as short
gTrade (Gains Network) ONDO/USDL +0.0003% / S −0.0011%1h0.4301−0.037%$7K150xas long as short
dYdX ONDO-USD+0.0017%1h0.4296−0.159%$241K$137K5xas long as short
Injective ONDO/USDC PERP+0.0033%1h0.4568+6.171%$888$216K5.5xas long as short
01 Exchange ONDOUSD+0.0064%1h0.4305+0.070%$354$2K10xas long as short
Lighter ONDO+0.0096%1h0.4302−0.012%$1.1M$2.4M10xas long as short
Nado ONDO-PERP+0.0100%1h0.4304+0.029%$350K$876K10xas long as short
Hyperliquid ONDO+0.0100%1h0.4298−0.107%$35.8M$26.1M10xas long as short
Aster ONDOUSDT+0.0100%4h0.4301−0.040%$774K$2.6M20xas long as short
Binance ONDOUSDT+0.0100%4h0.4300−0.068%$61.9M$235.8M75xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ONDOUSDT+0.0100%4h0.4297−0.128%$67.0M$125.9M50xas long as short
OKX ONDO-USDT-SWAP+0.0100%4h0.4299−0.081%$17.1M$72.9M50xas long as short
Ondo Perps ONDO-USD.P+0.0100%1h0.4316+0.318%$70K$83K10xas long as short
RISEx ONDO/USDC+0.0100%1h0.4297−0.121%5xas long as short
Gate ONDO_USDT+0.0100%4h0.4297−0.128%$12.0M$16.4M50xas long as short
MEXC ONDO_USDT+0.0100%4h0.4298−0.105%$42.4M$42.3M200xas long as short
KuCoin ONDOUSDTM+0.0100%4h0.4295−0.174%$12.0M$10.6M50xas long as short
Bitget ONDOUSDT+0.0100%4h0.4299−0.081%$24.6M$40.0M50xas long as short
BingX ONDO-USDC+0.0100%4h0.4298−0.105%$765Kas long as short
Backpack ONDO_USDC_PERP+0.0100%1h0.4301−0.044%$176K$989K15xas long as short
Variational Omni ONDO+0.0100%4h0.4320+0.403%$648K$1.7Mas long as short
edgeX ONDOUSDC+0.0100%4h0.4331+0.673%$4K$316K20xas long as short
GRVT ONDO_USDT_Perp+0.0100%4h0.4321+0.420%$400K$1.3M10xas long as short
ApeX Omni ONDOUSDT+0.0100%1h0.4330+0.639%$133K$355K50xas long as short
Polymarket Perps ONDO-USD+0.0100%1h0.4306+0.072%$67K$1.4M10xas long as short
Orderly PERP_ONDO_USDC+0.0100%4h0.4301−0.035%$23K$6K10xas long as short
SunX ONDO-USDT+0.0100%4h0.4304+0.035%$1.4M20xas long as short
SoDEX ONDO-USD+0.0100%1h0.4300−0.058%$447$13K10xas long as short
HTX ONDO-USDT+0.0100%4h0.4314+0.267%$128K$429K50xas long as short
Phemex ONDOUSDT+0.0100%4h0.4299−0.081%$4.1M$8.2M50xas long as short
Paradex ONDO-USD-PERP+0.0100%8h0.4297−0.121%$6K10xas long as short
Extended ONDO-USD+0.0104%1h0.4299−0.091%$387K$795K25xas long as short
Aevo ONDO-PERPlong+0.0104%1h0.4303long leg$37K$13K3x
Deribit ONDO_USDC-PERPETUAL+0.0215%1h0.4303+0.012%$18K$362K25xas long as short
Coinbase International ONDO-PERP-INTX+0.0272%1h0.4346+1.011%$218K$766K50xas long as short
Phoenix ONDOshort+0.0332%1h0.4313+0.239%$34K$223K10x
BloFin ONDO-USDT+0.0340%4h0.4305+0.058%$3.1M$3.1M75xas long as short
GMX ONDO/USD [ETH-USDC]L +0.0560% / S −0.0197%1h0.4301−0.037%$484K100xas long as short
Reya ONDORUSDPERP+0.1156%1h0.4301−0.034%$2K20xas long as short