Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: Bybit against Aster−0.136%7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$350.348% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 7 days+0.175%+$17 · spread now −0.136%, 7d avg −0.068%

Together, before fees+0.098%+ Points / potential airdropAster: Stage 5 · farm board+$10 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: Bybit is 0.068% cheaper against Aster than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ONDOUSDT	0.4338	0.0100	pay 0.0050% / 4h	3h 56m	$762K	$2.8M	20x
Short	Bybit ONDOUSDT	0.4332	0.0100	get 0.0050% / 4h	3h 56m	$68.3M	$122.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.136%Rate

Funding earned: $0
Price spread: −0.136% → −0.068%: −$6.76
Slippage, 4 orders: −$15.77
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$41.54
Costs to cover: 0.348%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago	2.31 bp	10.6 bp −$11	49.1 bp −$491	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.15 bp	9.0 bp −$9	14.1 bp −$141	56.2 bp −$5,617	doesn't fit

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	−0.0176%	1h	0.4334	−0.096%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4334	−0.091%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.304%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4338	−0.009%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4335	−0.067%	$347K	$889K	10x	as long as short
Aster ONDOUSDTlong	+0.0100%	4h	0.4338	long leg	$762K	$2.8M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4333	−0.105%	$63.3M	$234.2M	75x	as long as short
Bybit ONDOUSDTshort	+0.0100%	4h	0.4332	−0.136%	$68.3M	$122.2M	50x
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4332	−0.136%	$17.4M	$72.0M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4318	−0.470%	$71K	$80K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4335	−0.070%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4334	−0.090%	$13.1M	$15.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4336	−0.044%	$44.3M	$41.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4335	−0.067%	$12.1M	$10.4M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4335	−0.067%	$24.7M	$36.7M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4336	−0.044%	—	$777K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4337	−0.018%	$176K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4324	−0.322%	$679K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4322	−0.358%	$5K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4324	−0.316%	$405K	$1.6M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4321	−0.390%	$134K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4335	−0.078%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4334	−0.090%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4337	−0.021%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4336	−0.044%	$2K	$15K	10x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4334	−0.090%	$4.2M	$9.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4334	−0.091%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4334	−0.081%	$366K	$827K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4338	+0.003%	$38K	$13K	3x	as long as short
HTX ONDO-USDT	+0.0106%	4h	0.4344	+0.141%	$129K	$369K	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0211%	1h	0.4337	−0.021%	$18K	$351K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4339	+0.025%	$214K	$735K	50x	as long as short
01 Exchange ONDOUSD	+0.0304%	1h	0.4338	+0.005%	$357	$2K	10x	as long as short
Phoenix ONDO	+0.0315%	1h	0.4328	−0.219%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4335	−0.067%	$3.2M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0573% / S −0.0203%	1h	0.4333	−0.107%	$496K	—	100x	as long as short
Hyperliquid ONDO	+0.0632%	1h	0.4340	+0.055%	$36.6M	$27.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1161%	1h	0.4334	−0.082%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1625%	1h	0.4333	−0.106%	$243K	$155K	5x	as long as short