Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0001%/8h= −0.2% APRpaid last 24h —

Price spread now: RISEx against Aster−0.079%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 RISEx

What this pair did over the last

the charts below follow

Funding, last 7 days—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: RISEx is 0.079% cheaper against Aster than usual: you would sell low and buy high, −$8 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	0.4579	0.0101	pay 0.0051% / 4h	3h 04m	$722K	$2.1M	20x
Short	RISEx ONDO/USDC	0.4575	0.0100	get 0.0013% / 1h	4m 56s	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.079%Rate

Funding earned: −$0.29
Price spread: −0.079% → 0.000%: −$7.89
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$22.18
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 3 min ago; RISEx: 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, 3 min ago	1.09 bp	7.1 bp −$7	47.6 bp −$476	doesn't fit	doesn't fit
Sell RISEx no order-book sample	—	—	—	—	—

RISEx: 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 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	−0.0873%	1h	0.4577	−0.049%	$2.8M	$7.9M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4576	−0.057%	$259K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4575	−0.088%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−0.240%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4576	−0.066%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4576	−0.055%	$429K	$705K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4576	−0.066%	$68.5M	$221.2M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4575	−0.087%	$73.7M	$118.9M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4576	−0.066%	$17.5M	$77.3M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4577	−0.039%	$73K	$92K	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/USDCshort	+0.0100%	1h	0.4575	−0.079%	—	—	5x
Gate ONDO_USDT	+0.0100%	4h	0.4576	−0.066%	$12.0M	$16.8M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4589	+0.218%	$49.3M	$42.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4577	−0.044%	$14.2M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4587	+0.175%	$26.1M	$38.6M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4577	−0.044%	—	$744K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4576	−0.073%	$812K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4596	+0.374%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4601	+0.486%	$425K	$967K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4604	+0.546%	$172K	$332K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4579	−0.004%	$73K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4577	−0.044%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4579	0.000%	$476	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4589	+0.218%	$135K	$492K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4579	0.000%	$4.5M	$7.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4576	−0.058%	$7K	—	10x	as long as short
Aster ONDOUSDTlong	+0.0101%	4h	0.4579	long leg	$722K	$2.1M	20x
Extended ONDO-USD	+0.0104%	1h	0.4586	+0.151%	$415K	$823K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4580	+0.022%	$40K	$13K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0110%	1h	0.4579	−0.009%	$230K	$999K	15x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4586	+0.144%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0280%	1h	0.4580	+0.026%	$377	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4596	+0.371%	$300K	$816K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4580	+0.022%	$3.3M	$2.9M	75x	as long as short
Hyperliquid ONDO	+0.0383%	1h	0.4583	+0.081%	$40.8M	$24.8M	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0406%	1h	0.4579	0.000%	$33K	$340K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0590% / S −0.0188%	1h	0.4575	−0.081%	$546K	—	100x	as long as short
Lighter ONDO	+0.0696%	1h	0.4586	+0.149%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1146%	1h	0.4577	−0.047%	$2K	—	20x	as long as short