ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0144%/8h= −15.8% APRnext payment −$0.18 per $10,000 · paid last 24h 0.000%

Price spread now: Polymarket Perps against ApeX Omni−1.232%7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$161as in the Price arb table

costs, in and out, $10k−$350.346% of the position

Long on ApeX Omni Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 3 days (all we have)+1.336%+$134 · spread now −1.232%, 7d avg +0.032%

Together, before fees+1.330%+$133 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Polymarket Perps is 1.264% cheaper against ApeX Omni than usual: you would sell low and buy high (−$126 if the spread goes back to its 7-day average of +0.032%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ONDOUSDT	0.4620	0.0244	pay 0.0030% / 1h	34m 59s	$163K	$333K	50x
Short	Polymarket Perps ONDO-USD	0.4563	0.0100	get 0.0013% / 1h	34m 59s	$74K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −1.232%Rate

Funding earned: −$30.22
Price spread: −1.232% → +0.032%: −$126.39
Slippage, 4 orders: −$16.56
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$191.17
Costs to cover: 0.346%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 47 min ago; Polymarket Perps: live order book, 3 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	2.20 bp	10.5 bp −$11	27.7 bp −$277	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	1.64 bp	5.6 bp −$6	6.2 bp −$62	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	−0.0353%	1h	0.4554	−1.431%	$2.8M	$7.9M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4559	−1.315%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4556	−1.385%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4559	−1.320%	$431K	$697K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4556	−1.375%	$739K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4553	−1.450%	$67.3M	$225.3M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4552	−1.472%	$74.2M	$120.6M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4551	−1.494%	$17.7M	$81.2M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4573	−1.022%	$74K	$86K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4559	−1.315%	—	—	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ONDO_USDT	+0.0100%	4h	0.4555	−1.407%	$11.8M	$18.3M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4555	−1.407%	$47.8M	$44.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4557	−1.364%	$13.8M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4551	−1.494%	$25.7M	$41.8M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4557	−1.364%	—	$22.5M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4559	−1.314%	$233K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4567	−1.148%	$778K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4571	−1.065%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4572	−1.035%	$429K	$938K	10x	as long as short
Polymarket Perps ONDO-USDshort	+0.0100%	1h	0.4563	−1.232%	$74K	$1.1M	10x
SunX ONDO-USDT	+0.0100%	4h	0.4554	−1.429%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4556	−1.385%	$474	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4565	−1.190%	$133K	$512K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4556	−1.385%	$4.7M	$6.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4554	−1.431%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4552	−1.466%	$405K	$857K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4558	−1.331%	$44K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4565	−1.193%	$29K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4568	−1.126%	$888	$216K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0189%	1h	0.4557	−1.364%	$26K	$396K	25x	as long as short
ApeX Omni ONDOUSDTlong	+0.0244%	1h	0.4620	long leg	$163K	$333K	50x
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4574	−0.996%	$301K	$867K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4559	−1.320%	$3.2M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0408%	1h	0.4563	−1.229%	$376	$2K	10x	as long as short
Hyperliquid ONDO	+0.0481%	1h	0.4561	−1.268%	$40.8M	$27.5M	10x	as long as short
Lighter ONDO	+0.0584%	1h	0.4564	−1.221%	$1.4M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0637% / S −0.0211%	1h	0.4559	−1.326%	$578K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1141%	1h	0.4563	−1.235%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1481%	1h	0.4554	−1.418%	$258K	$130K	5x	as long as short