Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.029%

Price spread now: Aster against gTrade (Gains Network)+0.082%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aster is 0.082% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$8 more if the spread 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	gTrade (Gains Network) ONDO/USD	0.4598	L +0.0003% / S −0.0008%	pay 0.0000% / 1h	30m 01s	$6K	—	150x
Short	Aster ONDOUSDT	0.4602	0.0100	get 0.0050% / 4h	3h 30m	$726K	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee AsterbpOrdersPrice spread, now +0.082%Rate

Funding earned: $20.28
Price spread: +0.082% → 0.000%: $8.21
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $10.49
Costs to cover: 0.180%
Break-even: 3.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Aster: live order book, 3 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Aster live order book, 3 min ago	2.17 bp	12.3 bp −$12	41.6 bp −$416	doesn't fit	doesn't fit

gTrade (Gains Network): 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	−0.0868%	1h	0.4599	+0.023%	$2.8M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4600	+0.050%	$260K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USDlong	L +0.0003% / S −0.0008%	1h	0.4598	long leg	$6K	—	150x
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−0.654%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4599	+0.020%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4601	+0.064%	$432K	$708K	10x	as long as short
Aster ONDOUSDTshort	+0.0100%	4h	0.4602	+0.082%	$726K	$2.2M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4600	+0.053%	$69.0M	$224.2M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4600	+0.042%	$74.4M	$120.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4601	+0.064%	$17.6M	$79.1M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4613	+0.329%	$73K	$92K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4600	+0.047%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4599	+0.020%	$12.1M	$16.7M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4599	+0.020%	$49.9M	$41.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4600	+0.042%	$14.2M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4601	+0.064%	$26.1M	$39.5M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4601	+0.064%	—	$744K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4602	+0.081%	$231K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4597	−0.028%	$817K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4629	+0.676%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4631	+0.718%	$429K	$959K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4611	+0.281%	$172K	$349K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4601	+0.068%	$74K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4599	+0.020%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4601	+0.064%	$478	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4609	+0.237%	$135K	$492K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4599	+0.020%	$4.6M	$7.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4600	+0.047%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4599	+0.021%	$417K	$842K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4602	+0.096%	$40K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0185%	1h	0.4601	+0.064%	$34K	$363K	25x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4636	+0.823%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0264%	1h	0.4600	+0.044%	$379	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4631	+0.716%	$300K	$828K	50x	as long as short
Hyperliquid ONDO	+0.0283%	1h	0.4605	+0.155%	$41.0M	$25.5M	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4594	−0.089%	$3.3M	$3.0M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0591% / S −0.0188%	1h	0.4598	−0.009%	$549K	—	100x	as long as short
Lighter ONDO	+0.0600%	1h	0.4609	+0.235%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1145%	1h	0.4598	+0.004%	$2K	—	20x	as long as short