Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aevo against Extended+0.237%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.237% dearer against Extended than usual: you sell high and buy low, +$24 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	Extended ONDO-USD	0.4400	0.0104	pay 0.0013% / 1h	9m 34s	$398K	$793K	25x
Short	Aevo ONDO-PERP	0.4410	0.0104	get 0.0013% / 1h	9m 34s	$38K	$13K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Extended. 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 ExtendedbpFee AevobpOrdersPrice spread, now +0.237%Rate

Funding earned: $0
Price spread: +0.237% → 0.000%: $23.69
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aevo: 8 bp × 2 orders: −$16
Net: $2.69
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: Extended: live order book, 53 min ago; Aevo: 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 Extended live order book, 53 min ago	4.54 bp	7.0 bp −$7	16.2 bp −$162	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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
dYdX ONDO-USD	+0.0001%	1h	0.4401	+0.023%	$249K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4399	−0.023%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.822%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4407	+0.169%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4408	+0.185%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4402	+0.049%	$372K	$837K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4401	+0.023%	$64.0M	$225.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4399	−0.019%	$69.8M	$122.9M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4401	+0.026%	$17.1M	$71.6M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4401	+0.017%	$73K	$86K	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	0.4398	−0.033%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4398	−0.042%	$11.6M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4402	+0.049%	$47.6M	$41.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4401	+0.026%	$12.9M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4401	+0.026%	$25.1M	$39.4M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4400	+0.003%	—	$762K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4410	+0.222%	$714K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4414	+0.322%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4418	+0.416%	$408K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4417	+0.390%	$136K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4402	+0.049%	$64K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4417	+0.390%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4409	+0.208%	$458	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4426	+0.594%	$130K	$474K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4409	+0.208%	$4.2M	$7.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0104%	8h	0.4400	−0.001%	$6K	—	10x	as long as short
Extended ONDO-USDlong	+0.0104%	1h	0.4400	long leg	$398K	$793K	25x
Aevo ONDO-PERPshort	+0.0104%	1h	0.4410	+0.237%	$38K	$13K	3x
Hyperliquid ONDO	+0.0139%	1h	0.4404	+0.085%	$38.2M	$24.2M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0186%	1h	0.4407	+0.171%	$191K	$979K	15x	as long as short
Aster ONDOUSDT	+0.0190%	4h	0.4406	+0.130%	$709K	$2.3M	20x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0204%	1h	0.4409	+0.208%	$23K	$349K	25x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4427	+0.608%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4415	+0.344%	$3.2M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0360%	1h	0.4404	+0.094%	$362	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4422	+0.503%	$281K	$727K	50x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0552% / S −0.0190%	1h	0.4406	+0.134%	$487K	—	100x	as long as short
Lighter ONDO	+0.0856%	1h	0.4407	+0.162%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1150%	1h	0.4401	+0.022%	$2K	—	20x	as long as short