ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against Binance−0.014%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs+$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$410.412% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.466%+$47 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.014%, 7d avg +0.012%

Together, before fees+0.509%+$51 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.026% cheaper against Binance than usual: you would sell low and buy high (spread −0.014% now, against its 7-day average of +0.012%). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ONDOUSDT	0.4353	0.0100	pay 0.0050% / 4h	49m 08s	$62.8M	$228.8M	75x
Short	BloFin ONDO-USDT	0.4352	0.0340	get 0.0170% / 4h	49m 08s	$3.1M	$2.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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 BinancebpFee BloFinbpOrdersPrice spread, now −0.014%Rate

Funding earned: $50.4
Price spread: −0.014% → +0.012%: −$2.64
Slippage, 4 orders: −$19.22
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $6.53
Costs to cover: 0.412%
Break-even: 6.1 days

Slippage from Binance: live order book, 9 min ago; BloFin: live order book, 4 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 Binance live order book, 9 min ago	1.14 bp	6.9 bp −$7	12.8 bp −$128	55.7 bp −$5,566	doesn't fit
Sell BloFin live order book, 4 min ago	1.14 bp	11.5 bp −$12	15.3 bp −$153	43.6 bp −$4,363	112.2 bp −$56.1K

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
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4349	−0.074%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0014%	1h	0.4352	−0.023%	$246K	$129K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.948%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4351	−0.041%	$2.6M	$8.0M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4349	−0.083%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4349	−0.072%	$368K	$843K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4356	+0.075%	$37.4M	$24.5M	10x	as long as short
Binance ONDOUSDTlong	+0.0100%	4h	0.4353	long leg	$62.8M	$228.8M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4354	+0.032%	$68.9M	$124.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4354	+0.032%	$16.7M	$71.7M	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	0.4339	−0.315%	$72K	$83K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4347	−0.128%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4352	−0.014%	$11.5M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4354	+0.032%	$45.7M	$41.5M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4353	+0.009%	$12.8M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4354	+0.032%	$24.9M	$39.7M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4354	+0.032%	—	$21.8M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4354	+0.039%	$187K	$981K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4365	+0.278%	$707K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4390	+0.852%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4389	+0.836%	$405K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4366	+0.307%	$134K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4351	−0.033%	$67K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4351	−0.037%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4352	−0.014%	$452	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4358	+0.124%	$126K	$477K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4352	−0.014%	$4.2M	$7.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4353	+0.002%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4349	−0.076%	$395K	$793K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4351	−0.037%	$38K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0208%	4h	0.4352	−0.005%	$730K	$2.4M	20x	as long as short
01 Exchange ONDOUSD	+0.0240%	1h	0.4350	−0.069%	$358	$2K	10x	as long as short
Lighter ONDO	+0.0256%	1h	0.4357	+0.101%	$1.1M	$2.4M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4394	+0.951%	$276K	$719K	50x	as long as short
BloFin ONDO-USDTshort	+0.0340%	4h	0.4352	−0.014%	$3.1M	$2.9M	75x
Phoenix ONDO	+0.0365%	1h	0.4354	+0.022%	$35K	$223K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0440%	1h	0.4352	−0.014%	$23K	$346K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0548% / S −0.0190%	1h	0.4349	−0.083%	$480K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1151%	1h	0.4351	−0.038%	$2K	—	20x	as long as short