Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Aster+0.417%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1as in the Price arb table

costs, in and out, $10k−$430.427% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.330%+$33 · spread now +0.417%, 7d avg +0.002%

Together, before fees+0.329%+ Points / potential airdropAster: Stage 5 · farm board+$33 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.415% dearer against Aster than usual: you sell high and buy low, +$42 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ONDOUSDT	0.4387	0.0100	pay 0.0050% / 4h	1h 57m	$661K	$2.2M	20x
Short	ApeX Omni ONDOUSDT	0.4405	0.0100	get 0.0013% / 1h	57m 25s	$135K	$354K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.417%Rate

Funding earned: $0
Price spread: +0.417% → +0.002%: $41.55
Slippage, 4 orders: −$24.68
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$1.13
Costs to cover: 0.427%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; ApeX Omni: live order book, 5 min ago.

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, 1 min ago	1.14 bp	6.7 bp −$7	43.0 bp −$430	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 5 min ago	4.53 bp	11.0 bp −$11	26.5 bp −$265	doesn't fit	doesn't fit

ONDO on 38 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
dYdX ONDO-USD	0.0000%	1h	0.4386	−0.013%	$248K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4384	−0.061%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.133%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4399	+0.280%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4385	−0.038%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4383	−0.084%	$375K	$831K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4387	+0.012%	$38.4M	$24.2M	10x	as long as short
Aster ONDOUSDTlong	+0.0100%	4h	0.4387	long leg	$661K	$2.2M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4386	−0.021%	$63.7M	$225.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4386	−0.016%	$69.4M	$122.1M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4385	−0.038%	$16.9M	$71.9M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4420	+0.755%	$72K	$87K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4383	−0.077%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4383	−0.084%	$11.5M	$15.9M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4384	−0.061%	$46.4M	$40.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4382	−0.107%	$13.0M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4385	−0.038%	$24.9M	$39.3M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4385	−0.038%	—	$759K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4416	+0.662%	$766K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4415	+0.646%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4403	+0.379%	$406K	$978K	10x	as long as short
ApeX Omni ONDOUSDTshort	+0.0100%	1h	0.4405	+0.417%	$135K	$354K	50x
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4385	−0.034%	$78K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4386	−0.016%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4401	+0.326%	$457	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4411	+0.554%	$130K	$486K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4382	−0.099%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4382	−0.113%	$396K	$788K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4390	+0.064%	$38K	$13K	3x	as long as short
Phemex ONDOUSDT	+0.0151%	4h	0.4398	+0.258%	$4.2M	$7.5M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0206%	1h	0.4385	−0.038%	$23K	$349K	25x	as long as short
Backpack ONDO_USDC_PERP	+0.0240%	1h	0.4397	+0.244%	$196K	$987K	15x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4418	+0.723%	$35K	$214K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4422	+0.805%	$284K	$706K	50x	as long as short
01 Exchange ONDOUSD	+0.0376%	1h	0.4388	+0.021%	$361	$2K	10x	as long as short
Lighter ONDO	+0.0480%	1h	0.4396	+0.215%	$1.4M	$2.1M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0549% / S −0.0190%	1h	0.4383	−0.073%	$483K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1148%	1h	0.4383	−0.084%	$2K	—	20x	as long as short