ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0114%/8h= +12.5% APRnext payment +$0.14 per $10,000 · paid last 24h +0.018%

Price spread now: Deribit against ApeX Omni−0.208%46s7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$410.409% of the position

Long on ApeX Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.299%+$30 · spread now −0.208%, 7d avg −0.023%

Together, before fees+0.299%+$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.186% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.208% now, against its 7-day average of −0.023%). If the spread goes back, that is −$19 on $10k: about 5.4 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.001% in total) that is about years. The two prices were read 46 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	ApeX Omni ONDOUSDT	0.4321	0.0100	pay 0.0013% / 1h	35m 32s	$132K	$340K	50x
Short	Deribit ONDO_USDC-PERPETUAL	0.4312	0.0214	get 0.0027% / 1h	35m 32s	$18K	$362K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against ApeX Omni. 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 ApeX OmnibpFee DeribitbpOrdersPrice spread, now −0.208%Rate

Funding earned: $23.94
Price spread: −0.208% → −0.023%: −$18.57
Slippage, 4 orders: −$23.94
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$35.57
Costs to cover: 0.409%
Break-even: 17.4 days

Slippage from ApeX Omni: live order book, 7 min ago; Deribit: live order book, 8 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 ApeX Omni live order book, 7 min ago	3.47 bp	11.4 bp −$11	25.7 bp −$257	doesn't fit	doesn't fit
Sell Deribit live order book, 8 min ago	6.92 bp	10.4 bp −$10	doesn't fit	doesn't fit	doesn't fit

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	−0.0147%	1h	0.4311	−0.221%	$2.5M	$7.8M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4310	−0.249%	$242K	$136K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4310	−0.255%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.716%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4315	−0.143%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4311	−0.220%	$346K	$897K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4314	−0.162%	$773K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4312	−0.208%	$62.5M	$236.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4311	−0.231%	$67.3M	$125.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4313	−0.185%	$17.1M	$72.7M	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	0.4318	−0.076%	$71K	$82K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4310	−0.253%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4310	−0.255%	$12.3M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4310	−0.255%	$42.6M	$42.5M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4312	−0.208%	$11.9M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4311	−0.231%	$24.6M	$39.1M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4312	−0.208%	—	$773K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4312	−0.206%	$171K	$997K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4310	−0.260%	$640K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4321	−0.007%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4316	−0.109%	$406K	$1.4M	10x	as long as short
ApeX Omni ONDOUSDTlong	+0.0100%	1h	0.4321	long leg	$132K	$340K	50x
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4313	−0.181%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4310	−0.255%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4312	−0.208%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4312	−0.208%	$448	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4322	+0.023%	$128K	$405K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4313	−0.185%	$4.2M	$8.5M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4312	−0.197%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4310	−0.262%	$391K	$792K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4313	−0.197%	$37K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0134%	1h	0.4313	−0.181%	$36.2M	$27.1M	10x	as long as short
01 Exchange ONDOUSD	+0.0160%	1h	0.4313	−0.190%	$355	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUALshort	+0.0214%	1h	0.4312	−0.208%	$18K	$362K	25x
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4327	+0.139%	$214K	$726K	50x	as long as short
Phoenix ONDO	+0.0313%	1h	0.4325	+0.090%	$34K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4320	−0.023%	$3.2M	$3.2M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0560% / S −0.0197%	1h	0.4310	−0.249%	$485K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1158%	1h	0.4310	−0.249%	$2K	—	20x	as long as short