Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: KuCoin against Aster−0.069%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$490.489% of the position

Long on Aster Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 7 days+0.099%+$10 · spread now −0.069%, 7d avg −0.024%

Together, before fees+0.093%+ Points / potential airdropAster: Stage 5 · farm board+$9 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: KuCoin is 0.045% cheaper against Aster than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ONDOUSDT	0.4323	0.0100	pay 0.0050% / 4h	13m 26s	$757K	$2.8M	20x
Short	KuCoin ONDOUSDTM	0.4320	0.0100	get 0.0050% / 4h	13m 26s	$12.1M	$10.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.069%Rate

Funding earned: $0
Price spread: −0.069% → −0.024%: −$4.51
Slippage, 4 orders: −$28.9
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$53.41
Costs to cover: 0.489%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; KuCoin: 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, 5 min ago	1.16 bp	9.9 bp −$10	43.3 bp −$433	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	1.16 bp	18.2 bp −$18	35.4 bp −$354	doesn't fit	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	0.4317	−0.135%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4319	−0.090%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.667%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4323	−0.012%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4319	−0.104%	$345K	$886K	10x	as long as short
Aster ONDOUSDTlong	+0.0100%	4h	0.4323	long leg	$757K	$2.8M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4322	−0.023%	$62.9M	$233.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4320	−0.069%	$68.0M	$122.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4323	0.000%	$17.3M	$71.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4324	+0.012%	$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	0.4320	−0.069%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4320	−0.069%	$13.0M	$15.9M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4322	−0.023%	$44.0M	$42.6M	200x	as long as short
KuCoin ONDOUSDTMshort	+0.0100%	4h	0.4320	−0.069%	$12.1M	$10.4M	50x
Bitget ONDOUSDT	+0.0100%	4h	0.4321	−0.046%	$24.7M	$36.7M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4321	−0.046%	—	$23.0M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4322	−0.014%	$176K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4314	−0.212%	$678K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4314	−0.219%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4315	−0.185%	$403K	$1.6M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4311	−0.278%	$132K	$339K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4323	−0.009%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4320	−0.069%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4318	−0.116%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4321	−0.046%	$2K	$15K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4327	+0.093%	$128K	$369K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4320	−0.069%	$4.2M	$8.9M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4319	−0.103%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4318	−0.105%	$360K	$814K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4323	−0.012%	$37K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0213%	1h	0.4322	−0.023%	$18K	$351K	25x	as long as short
01 Exchange ONDOUSD	+0.0256%	1h	0.4323	+0.007%	$356	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4320	−0.069%	$213K	$732K	50x	as long as short
Phoenix ONDO	+0.0315%	1h	0.4317	−0.130%	$35K	$221K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4315	−0.185%	$3.1M	$3.1M	75x	as long as short
Hyperliquid ONDO	+0.0380%	1h	0.4327	+0.086%	$36.5M	$27.3M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0572% / S −0.0203%	1h	0.4311	−0.276%	$493K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1161%	1h	0.4322	−0.015%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1706%	1h	0.4318	−0.127%	$242K	$156K	5x	as long as short