ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0260%/8h= −28.5% APRnext payment −$0.33 per $10,000 · paid last 24h +0.054%

Price spread now: Kraken Futures against ApeX Omni−0.342%7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$530.528% of the position

Long on ApeX Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.268%+$27 on $10k

Price spread, last 4 days (all we have)+0.405%+$41 · spread now −0.342%, 7d avg +0.027%

Together, before fees+0.673%+$67 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Kraken Futures is 0.368% cheaper against ApeX Omni than usual: you would sell low and buy high (−$37 if the spread goes back to its 7-day average of +0.027%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.268%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ONDOUSDT	0.4390	0.0100	pay 0.0013% / 1h	29m 04s	$135K	$353K	50x
Short	Kraken Futures PF_ONDOUSD	0.4375	−0.0160	pay 0.0020% / 1h	29m 04s	$2.6M	$7.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.342%Rate

Funding earned: −$54.6
Price spread: −0.342% → +0.027%: −$36.85
Slippage, 4 orders: −$32.85
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$144.3
Costs to cover: 0.528%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 23 min ago; Kraken Futures: live order book, 5 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, 23 min ago	3.40 bp	10.2 bp −$10	26.5 bp −$265	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	3.43 bp	12.7 bp −$13	20.8 bp −$208	453.2 bp −$45.3K	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_ONDOUSDshort	−0.0160%	1h	0.4375	−0.342%	$2.6M	$7.7M	50x
dYdX ONDO-USD	0.0000%	1h	0.4381	−0.207%	$248K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4378	−0.279%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.055%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4381	−0.212%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4375	−0.342%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4381	−0.211%	$362K	$842K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4377	−0.296%	$63.3M	$230.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4373	−0.387%	$68.0M	$124.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4376	−0.319%	$17.2M	$72.4M	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	0.4388	−0.046%	$72K	$84K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4378	−0.280%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4376	−0.319%	$11.7M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4377	−0.296%	$43.7M	$41.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4378	−0.273%	$12.7M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4377	−0.296%	$25.1M	$39.7M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4377	−0.296%	—	$763K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4376	−0.308%	$184K	$979K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4390	−0.006%	$717K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4389	−0.026%	$4K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4391	+0.021%	$406K	$1.2M	10x	as long as short
ApeX Omni ONDOUSDTlong	+0.0100%	1h	0.4390	long leg	$135K	$353K	50x
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4379	−0.253%	$66K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4379	−0.251%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4378	−0.273%	$455	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4384	−0.137%	$129K	$432K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4379	−0.251%	$4.2M	$8.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4378	−0.263%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4375	−0.336%	$395K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4377	−0.285%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0176%	1h	0.4379	−0.257%	$360	$2K	10x	as long as short
Aster ONDOUSDT	+0.0193%	4h	0.4381	−0.215%	$787K	$2.6M	20x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0207%	1h	0.4376	−0.319%	$18K	$367K	25x	as long as short
Hyperliquid ONDO	+0.0240%	1h	0.4380	−0.230%	$37.6M	$24.5M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4390	0.000%	$260K	$718K	50x	as long as short
Phoenix ONDO	+0.0327%	1h	0.4385	−0.125%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4383	−0.159%	$3.1M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0557% / S −0.0193%	1h	0.4377	−0.303%	$487K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1154%	1h	0.4379	−0.253%	$2K	—	20x	as long as short