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: MEXC against Aster−0.046%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$200.205% of the position

Long on Aster Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 7 days+0.080%+$8 · spread now −0.046%, 7d avg −0.054%

Together, before fees+0.018%+ Points / potential airdropAster: Stage 5 · farm board+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ONDOUSDT	0.4328	0.0100	pay 0.0050% / 4h	1h 56m	$771K	$2.9M	20x
Short	MEXC ONDO_USDT	0.4326	0.0100	get 0.0050% / 4h	1h 56m	$46.1M	$39.8M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → −0.054%: $0.77
Slippage, 4 orders: −$12.48
Fee Aster: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$19.71
Costs to cover: 0.205%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; MEXC: live order book, 1 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	1.15 bp	8.3 bp −$8	41.8 bp −$418	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.15 bp	1.2 bp −$1	4.9 bp −$49	18.6 bp −$1,860	110.1 bp −$55.1K

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	−0.0325%	1h	0.4325	−0.066%	$2.6M	$7.1M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4327	−0.023%	$21K	$368K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4331	+0.058%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.545%	$888	$215K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4331	+0.076%	$1.1M	$2.3M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4324	−0.092%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4326	−0.046%	$337K	$820K	10x	as long as short
Aster ONDOUSDTlong	+0.0100%	4h	0.4328	long leg	$771K	$2.9M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4327	−0.023%	$63.1M	$222.2M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4323	−0.116%	$67.8M	$116.7M	50x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4326	−0.046%	$17.3M	$67.2M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4329	+0.021%	$69K	$76K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4326	−0.042%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4325	−0.069%	$13.8M	$13.1M	50x	as long as short
MEXC ONDO_USDTshort	+0.0100%	4h	0.4326	−0.046%	$46.1M	$39.8M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4327	−0.023%	$13.1M	$9.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4327	−0.023%	$25.2M	$33.3M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4326	−0.046%	—	$784K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4326	−0.046%	$179K	$988K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4324	−0.081%	$799K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4329	+0.032%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4337	+0.202%	$404K	$1.9M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4336	+0.185%	$134K	$318K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4328	−0.007%	$60K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4326	−0.046%	—	$1.3M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4326	−0.046%	$2K	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4334	+0.139%	$105K	$478K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4325	−0.069%	$4.2M	$8.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4327	−0.023%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4325	−0.079%	$355K	$779K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4328	−0.003%	$38K	$13K	3x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0185% / S +0.0250%	1h	0.4325	−0.061%	$364K	—	100x	as long as short
01 Exchange ONDOUSD	+0.0200%	1h	0.4328	−0.012%	$356	$2K	10x	as long as short
Phoenix ONDO	+0.0219%	1h	0.4334	+0.129%	$35K	$207K	10x	as long as short
Hyperliquid ONDO	+0.0278%	1h	0.4331	+0.058%	$36.5M	$26.7M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4353	+0.578%	$214K	$619K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4335	+0.162%	$3.2M	$2.9M	75x	as long as short
Reya ONDORUSDPERP	+0.1166%	1h	0.4325	−0.060%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.4243%	1h	0.4336	+0.185%	$248K	$159K	5x	as long as short