Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.005%

Price spread now: Aevo against Aster−0.063%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Aevo

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.063% cheaper against Aster than usual: you would sell low and buy high, −$6 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	Aster ONDOUSDT	0.4284	0.0100	pay 0.0050% / 4h	1h 29m	$760K	$2.9M	20x
Short	Aevo ONDO-PERP	0.4281	0.0104	get 0.0013% / 1h	29m 16s	$37K	$13K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Aster. 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 AsterbpFee AevobpOrdersPrice spread, now −0.063%Rate

Funding earned: $0.84
Price spread: −0.063% → 0.000%: −$6.33
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$29.49
Costs to cover: 0.240%
Break-even: 252.7 days

Slippage unknown: Aster: live order book, 2 min ago; Aevo: no order-book sample. 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 Aster live order book, 2 min ago	2.34 bp	13.7 bp −$14	49.3 bp −$493	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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 exchanges

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	−0.0328%	1h	0.4281	−0.060%	$2.5M	$7.0M	50x	as long as short
01 Exchange ONDOUSD	−0.0016%	1h	0.4281	−0.058%	$352	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4283	−0.023%	$21K	$365K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4276	−0.194%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+6.629%	$888	$215K	5.5x	as long as short
Bybit ONDOUSDT	+0.0044%	4h	0.4277	−0.163%	$66.2M	$116.3M	50x	as long as short
Lighter ONDO	+0.0096%	1h	0.4287	+0.061%	$1.1M	$2.3M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4279	−0.117%	$23K	$7K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4280	−0.093%	$330K	$830K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4283	−0.021%	$35.7M	$27.0M	10x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ONDOUSDTlong	+0.0100%	4h	0.4284	long leg	$760K	$2.9M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4282	−0.045%	$61.8M	$222.4M	75x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4278	−0.140%	$16.8M	$67.3M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4269	−0.348%	$68K	$73K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4275	−0.199%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4281	−0.070%	$13.8M	$13.4M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4280	−0.093%	$43.4M	$41.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4281	−0.070%	$13.0M	$9.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4280	−0.093%	$24.7M	$33.1M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4279	−0.117%	—	$23.8M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4281	−0.070%	$183K	$985K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4270	−0.315%	$666K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4272	−0.277%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4273	−0.251%	$401K	$2.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4270	−0.327%	$85K	$353K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4281	−0.061%	$55K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4280	−0.093%	—	$1.3M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4282	−0.047%	$445	$16K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4289	+0.117%	$105K	$463K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4281	−0.070%	$4.1M	$8.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4276	−0.186%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4279	−0.114%	$346K	$769K	25x	as long as short
Aevo ONDO-PERPshort	+0.0104%	1h	0.4281	−0.063%	$37K	$13K	3x
GMX ONDO/USD [ETH-USDC]	L +0.0173% / S +0.0229%	1h	0.4281	−0.080%	$348K	—	100x	as long as short
Phoenix ONDO	+0.0221%	1h	0.4281	−0.077%	$34K	$208K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4277	−0.163%	$211K	$605K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4279	−0.117%	$3.2M	$2.9M	75x	as long as short
Reya ONDORUSDPERP	+0.1167%	1h	0.4275	−0.218%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3798%	1h	0.4278	−0.140%	$245K	$159K	5x	as long as short