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% APRpaid last 24h 0.000%

Price spread now: Aster against Paradex−0.043%49s7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · Aster: 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: Aster is 0.043% cheaper against Paradex than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ONDO-USD-PERP	0.4617	0.0100	pay 0.0100% / 8h	7h 32m	$7K	$9	10x
Short	Aster ONDOUSDT	0.4615	0.0100	get 0.0050% / 4h	3h 32m	$729K	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Paradex. 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 ParadexbpFee AsterbpOrdersPrice spread, now −0.043%Rate

Funding earned: −$0.05
Price spread: −0.043% → 0.000%: −$4.3
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aster: 4 bp × 2 orders: −$8
Net: −$16.35
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Aster: live order book, 5 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 Paradex no order-book sample	—	—	—	—	—
Sell Aster live order book, 5 min ago	1.09 bp	7.8 bp −$8	38.2 bp −$382	doesn't fit	doesn't fit

Paradex: 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	−0.0867%	1h	0.4607	−0.204%	$2.8M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4620	+0.069%	$261K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4601	−0.339%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−1.058%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4606	−0.235%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4611	−0.132%	$432K	$710K	10x	as long as short
Aster ONDOUSDTshort	+0.0100%	4h	0.4615	−0.043%	$729K	$2.2M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4614	−0.071%	$69.1M	$224.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4612	−0.105%	$74.7M	$120.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4612	−0.105%	$17.7M	$79.6M	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	0.4629	+0.268%	$76K	$92K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4616	−0.026%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4613	−0.083%	$12.1M	$16.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4614	−0.061%	$50.1M	$41.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4611	−0.126%	$14.3M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4611	−0.126%	$26.1M	$39.7M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4613	−0.083%	—	$743K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4609	−0.176%	$231K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4615	−0.044%	$820K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4629	+0.267%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4631	+0.309%	$429K	$959K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4606	−0.235%	$174K	$338K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4611	−0.118%	$74K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4609	−0.170%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4608	−0.191%	$479	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4613	−0.083%	$135K	$492K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4610	−0.148%	$4.6M	$7.1M	50x	as long as short
Paradex ONDO-USD-PERPlong	+0.0100%	8h	0.4617	long leg	$7K	$9	10x
Extended ONDO-USD	+0.0104%	1h	0.4615	−0.038%	$418K	$842K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4611	−0.137%	$40K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0184%	1h	0.4608	−0.191%	$34K	$363K	25x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4636	+0.413%	$38K	$248K	10x	as long as short
Hyperliquid ONDO	+0.0255%	1h	0.4615	−0.048%	$41.1M	$25.5M	10x	as long as short
01 Exchange ONDOUSD	+0.0264%	1h	0.4621	+0.097%	$380	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4631	+0.307%	$300K	$830K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4608	−0.191%	$3.2M	$2.9M	75x	as long as short
Lighter ONDO	+0.0584%	1h	0.4616	−0.011%	$1.5M	$2.3M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0592% / S −0.0188%	1h	0.4601	−0.342%	$550K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1145%	1h	0.4609	−0.169%	$2K	—	20x	as long as short