Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h —

Price spread now: Aster against RISEx+0.125%7-day average — · you sell dearer than you buy

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

Long on RISEx Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days—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 0.125% dearer against RISEx than usual: you sell high and buy low: +$12 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	RISEx ONDO/USDC	0.4386	0.0100	pay 0.0013% / 1h	6m 26s	—	—	5x
Short	Aster ONDOUSDT	0.4391	0.0190	get 0.0095% / 4h	1h 06m	$733K	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against RISEx. 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 RISExbpFee AsterbpOrdersPrice spread, now +0.125%Rate

Funding earned: $18.97
Price spread: +0.125% → 0.000%: $12.46
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: $17.43
Costs to cover: 0.140%
Break-even: 0.6 days

Slippage unknown: RISEx: no order-book sample; Aster: live order book, 2 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 RISEx no order-book sample	—	—	—	—	—
Sell Aster live order book, 2 min ago	1.13 bp	8.8 bp −$9	32.8 bp −$328	doesn't fit	doesn't fit

RISEx: 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	0.4389	+0.079%	$248K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4386	+0.015%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.156%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4385	−0.010%	$2.6M	$8.1M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4387	+0.029%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4387	+0.029%	$370K	$837K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4390	+0.098%	$63.8M	$225.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4387	+0.029%	$69.6M	$123.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4387	+0.029%	$17.0M	$71.5M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4383	−0.055%	$72K	$84K	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/USDClong	+0.0100%	1h	0.4386	long leg	—	—	5x
Gate ONDO_USDT	+0.0100%	4h	0.4388	+0.052%	$11.6M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4389	+0.075%	$47.5M	$41.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4387	+0.029%	$12.8M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4387	+0.029%	$25.1M	$39.4M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4389	+0.075%	—	$762K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4410	+0.545%	$714K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4403	+0.403%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4402	+0.371%	$407K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4400	+0.326%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4389	+0.066%	$63K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4395	+0.212%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4388	+0.052%	$456	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4399	+0.303%	$129K	$474K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4389	+0.075%	$4.2M	$7.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4388	+0.057%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4387	+0.032%	$396K	$793K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4390	+0.097%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0132%	1h	0.4391	+0.111%	$38.1M	$24.2M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0177%	1h	0.4389	+0.072%	$190K	$979K	15x	as long as short
Aster ONDOUSDTshort	+0.0190%	4h	0.4391	+0.125%	$733K	$2.3M	20x
Deribit ONDO_USDC-PERPETUAL	+0.0206%	1h	0.4388	+0.052%	$23K	$349K	25x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4404	+0.419%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4389	+0.075%	$3.1M	$3.0M	75x	as long as short
01 Exchange ONDOUSD	+0.0360%	1h	0.4389	+0.066%	$361	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4422	+0.827%	$281K	$719K	50x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0550% / S −0.0190%	1h	0.4387	+0.031%	$484K	—	100x	as long as short
Lighter ONDO	+0.0864%	1h	0.4399	+0.307%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1150%	1h	0.4388	+0.056%	$2K	—	20x	as long as short