Funding arb · Price arb /

ONDO

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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: Aster against Binance+0.007%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$360.356% of the position

Long on Binance Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 7 days−0.021%−$2 · spread now +0.007%, 7d avg +0.039%

Together, before fees+0.040%+ Points / potential airdropAster: Stage 5 · farm board+$4 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: Aster is 0.032% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ONDOUSDT	0.4390	0.0100	pay 0.0050% / 4h	3h 03m	$64.0M	$229.1M	75x
Short	Aster ONDOUSDT	0.4390	0.0100	get 0.0050% / 4h	3h 03m	$765K	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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 BinancebpFee AsterbpOrdersPrice spread, now +0.007%Rate

Funding earned: $0
Price spread: +0.007% → +0.039%: −$3.19
Slippage, 4 orders: −$17.63
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$38.82
Costs to cover: 0.356%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Aster: 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 Binance live order book, 9 min ago	1.15 bp	6.9 bp −$7	13.0 bp −$130	57.3 bp −$5,734	doesn't fit
Sell Aster live order book, 5 min ago	1.14 bp	13.1 bp −$13	34.7 bp −$347	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	−0.0174%	1h	0.4387	−0.064%	$2.5M	$7.4M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4388	−0.041%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.062%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4394	+0.105%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4387	−0.050%	$344K	$875K	10x	as long as short
Aster ONDOUSDTshort	+0.0100%	4h	0.4390	+0.007%	$765K	$2.8M	20x
Binance ONDOUSDTlong	+0.0100%	4h	0.4390	long leg	$64.0M	$229.1M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4387	−0.061%	$69.1M	$120.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4391	+0.030%	$17.5M	$70.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4391	+0.037%	$72K	$78K	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	0.4390	+0.002%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4388	−0.039%	$13.6M	$15.3M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4387	−0.061%	$44.4M	$42.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4389	−0.016%	$13.1M	$10.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4390	+0.007%	$25.6M	$35.6M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4387	−0.061%	—	$781K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4389	−0.020%	$186K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4384	−0.135%	$777K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4381	−0.209%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4384	−0.130%	$405K	$1.7M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4383	−0.153%	$136K	$327K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4391	+0.023%	$61K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4388	−0.039%	$24K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4390	+0.007%	—	$1.3M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4390	+0.007%	$2K	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4396	+0.144%	$133K	$363K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4388	−0.039%	$4.3M	$8.9M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4387	−0.068%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4389	−0.019%	$365K	$809K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4392	+0.052%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0206%	1h	0.4390	+0.007%	$24K	$363K	25x	as long as short
01 Exchange ONDOUSD	+0.0256%	1h	0.4391	+0.034%	$361	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4392	+0.052%	$217K	$711K	50x	as long as short
Phoenix ONDO	+0.0277%	1h	0.4378	−0.266%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4388	−0.039%	$3.2M	$3.1M	75x	as long as short
Hyperliquid ONDO	+0.0388%	1h	0.4391	+0.027%	$36.9M	$27.8M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0584% / S −0.0208%	1h	0.4389	−0.026%	$508K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1163%	1h	0.4389	−0.022%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.2888%	1h	0.4386	−0.077%	$251K	$159K	5x	as long as short