ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.1581%/8h= +173.1% APRnext payment +$1.98 per $10,000 · paid last 24h +1.226%

Price spread now: dYdX against ApeX Omni+0.182%50s7-day average −0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs+$153as 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−$1211.215% of the position

Long on ApeX Omni Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+2.745%+$274 on $10k

Price spread, last 4 days (all we have)−0.547%−$55 · spread now +0.182%, 7d avg −0.061%

Together, before fees+2.197%+$220 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$47 a day on $10k at the current rate, and dYdX is 0.243% dearer against ApeX Omni than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of −0.061%. The two prices were read 50 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	0.4331	0.0100	pay 0.0013% / 1h	50m 01s	$134K	$340K	50x
Short	dYdX ONDO-USD	0.4339	0.1681	get 0.0210% / 1h	50m 01s	$244K	$155K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.182%Rate

Funding earned: $331.92
Price spread: +0.182% → −0.061%: $24.3
Slippage, 4 orders: −$101.47
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: $234.75
Costs to cover: 1.215%
Break-even: 2.0 days

Slippage from ApeX Omni: live order book, 47 min ago; dYdX: live order book, 49 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, 47 min ago	9.27 bp	15.7 bp −$16	35.3 bp −$353	doesn't fit	doesn't fit
Sell dYdX live order book, 49 min ago	34.48 bp	46.8 bp −$47	173.8 bp −$1,738	252.2 bp −$25.2K	857.9 bp −$429.0K

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	−0.0176%	1h	0.4330	−0.018%	$2.5M	$7.8M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4331	0.000%	$18K	$351K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4340	+0.208%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.472%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4335	+0.102%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4335	+0.098%	$347K	$890K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4336	+0.115%	$761K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4334	+0.068%	$63.3M	$234.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4332	+0.023%	$68.4M	$122.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4335	+0.092%	$17.3M	$72.1M	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	0.4341	+0.240%	$71K	$81K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4336	+0.111%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4333	+0.046%	$13.1M	$15.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4331	0.000%	$44.5M	$41.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4333	+0.046%	$12.1M	$10.4M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4336	+0.115%	$24.7M	$36.7M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4333	+0.046%	—	$779K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4332	+0.025%	$178K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4339	+0.180%	$680K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4330	−0.015%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4333	+0.035%	$408K	$1.6M	10x	as long as short
ApeX Omni ONDOUSDTlong	+0.0100%	1h	0.4331	long leg	$134K	$340K	50x
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4335	+0.083%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4330	−0.023%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4338	+0.162%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4331	0.000%	$2K	$15K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4347	+0.369%	$129K	$369K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4331	0.000%	$4.2M	$9.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4338	+0.154%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4336	+0.107%	$364K	$829K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4332	+0.022%	$38K	$13K	3x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4339	+0.185%	$214K	$735K	50x	as long as short
Phoenix ONDO	+0.0277%	1h	0.4332	+0.028%	$35K	$218K	10x	as long as short
01 Exchange ONDOUSD	+0.0336%	1h	0.4340	+0.199%	$357	$2K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4338	+0.162%	$3.2M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0573% / S −0.0203%	1h	0.4330	−0.019%	$495K	—	100x	as long as short
Hyperliquid ONDO	+0.0627%	1h	0.4338	+0.164%	$36.6M	$27.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1162%	1h	0.4333	+0.052%	$2K	—	20x	as long as short
dYdX ONDO-USDshort	+0.1681%	1h	0.4339	+0.182%	$244K	$155K	5x