Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against MEXC−0.020%7-day average +0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$230.227% of the position

Long on MEXC Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.020%, 7d avg +0.055%

Together, before fees+0.178%+ Points / potential airdropAster: Stage 5 · farm board+$18 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 0.075% cheaper against MEXC than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ONDO_USDT	0.4387	0.0100	pay 0.0050% / 4h	1h 57m	$46.4M	$40.9M	200x
Short	Aster ONDOUSDT	0.4386	0.0100	get 0.0050% / 4h	1h 57m	$661K	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against MEXC. 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 MEXCbpFee AsterbpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → +0.055%: −$7.46
Slippage, 4 orders: −$14.66
Fee MEXC: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$30.12
Costs to cover: 0.227%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Aster: 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 MEXC live order book, 2 min ago	1.13 bp	2.5 bp −$3	6.5 bp −$65	18.2 bp −$1,816	105.1 bp −$52.6K
Sell Aster live order book, 1 min ago	1.14 bp	12.4 bp −$12	33.9 bp −$339	doesn't fit	doesn't fit

ONDO on 38 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	0.0000%	1h	0.4386	−0.020%	$248K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4384	−0.068%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.126%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4385	−0.052%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4385	−0.046%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4383	−0.091%	$375K	$831K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4389	+0.050%	$38.4M	$24.2M	10x	as long as short
Aster ONDOUSDTshort	+0.0100%	4h	0.4386	−0.020%	$661K	$2.2M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4385	−0.041%	$63.7M	$225.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4387	0.000%	$69.4M	$122.1M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4389	+0.046%	$16.9M	$72.0M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4420	+0.748%	$72K	$87K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4383	−0.084%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4384	−0.068%	$11.5M	$15.9M	50x	as long as short
MEXC ONDO_USDTlong	+0.0100%	4h	0.4387	long leg	$46.4M	$40.9M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4385	−0.046%	$13.0M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4388	+0.023%	$25.0M	$39.3M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4389	+0.046%	—	$22.0M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4416	+0.655%	$766K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4415	+0.639%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4403	+0.372%	$406K	$978K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4405	+0.410%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4385	−0.041%	$78K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4386	−0.023%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4386	−0.023%	$456	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4394	+0.160%	$129K	$486K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4382	−0.106%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4385	−0.040%	$396K	$788K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4390	+0.057%	$38K	$13K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0105%	1h	0.4390	+0.073%	$191K	$989K	15x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0206%	1h	0.4385	−0.046%	$23K	$349K	25x	as long as short
Phemex ONDOUSDT	+0.0241%	4h	0.4387	0.000%	$4.2M	$7.5M	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4418	+0.716%	$35K	$214K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4422	+0.798%	$284K	$706K	50x	as long as short
01 Exchange ONDOUSD	+0.0376%	1h	0.4388	+0.014%	$361	$2K	10x	as long as short
Lighter ONDO	+0.0480%	1h	0.4394	+0.150%	$1.4M	$2.1M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0549% / S −0.0190%	1h	0.4383	−0.080%	$483K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1148%	1h	0.4383	−0.091%	$2K	—	20x	as long as short