ONDO

Alert: funding

Alert: spread

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

Price spread now: Bitget against BloFin−0.088%75s7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as 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−$430.434% of the position

Long on BloFin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.471%−$47 on $10k

Price spread, last 3 days (all we have)+0.069%+$7 · spread now −0.088%, 7d avg −0.035%

Together, before fees−0.402%−$40 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bitget is 0.053% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.035%). Swap the legs. The two prices were read 75 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	BloFin ONDO-USDT	0.4546	0.0340	pay 0.0170% / 4h	27m 59s	$3.3M	$3.1M	75x
Short	Bitget ONDOUSDT	0.4542	0.0100	get 0.0050% / 4h	27m 59s	$25.7M	$41.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. 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 BloFinbpFee BitgetbpOrdersPrice spread, now −0.088%Rate

Funding earned: −$50.4
Price spread: −0.088% → −0.035%: −$5.31
Slippage, 4 orders: −$19.43
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$99.14
Costs to cover: 0.434%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Bitget: live order book, 1 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 BloFin live order book, 5 min ago	3.30 bp	12.1 bp −$12	17.5 bp −$175	37.0 bp −$3,704	doesn't fit
Sell Bitget live order book, 1 min ago	1.10 bp	9.0 bp −$9	15.6 bp −$156	46.0 bp −$4,597	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	−0.0803%	1h	0.4540	−0.123%	$2.8M	$8.1M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	+0.484%	$888	$216K	5.5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4540	−0.128%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4540	−0.132%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4541	−0.110%	$436K	$710K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4545	−0.028%	$720K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4543	−0.076%	$68.0M	$227.7M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4541	−0.110%	$73.6M	$123.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4541	−0.110%	$17.6M	$80.7M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4549	+0.059%	$74K	$89K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4540	−0.133%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4540	−0.132%	$11.9M	$18.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4542	−0.088%	$48.7M	$43.5M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4543	−0.066%	$14.0M	$11.1M	50x	as long as short
Bitget ONDOUSDTshort	+0.0100%	4h	0.4542	−0.088%	$25.7M	$41.3M	50x
BingX ONDO-USDT	+0.0100%	4h	0.4542	−0.088%	—	$22.2M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4543	−0.068%	$229K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4542	−0.088%	$779K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4548	+0.034%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4544	−0.054%	$419K	$960K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4548	+0.044%	$172K	$312K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4543	−0.059%	$69K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4541	−0.110%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4541	−0.110%	$472	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4553	+0.154%	$133K	$505K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4541	−0.110%	$4.6M	$6.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4541	−0.114%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4541	−0.101%	$407K	$844K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4544	−0.050%	$44K	$8K	3x	as long as short
Hyperliquid ONDO	+0.0164%	1h	0.4544	−0.046%	$40.2M	$26.6M	10x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4547	+0.029%	$38K	$257K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4548	+0.044%	$297K	$844K	50x	as long as short
BloFin ONDO-USDTlong	+0.0340%	4h	0.4546	long leg	$3.3M	$3.1M	75x
01 Exchange ONDOUSD	+0.0352%	1h	0.4544	−0.046%	$374	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0411%	1h	0.4543	−0.066%	$35K	$436K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0586% / S −0.0188%	1h	0.4540	−0.126%	$542K	—	100x	as long as short
Lighter ONDO	+0.0800%	1h	0.4550	+0.088%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1143%	1h	0.4540	−0.134%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.4072%	1h	0.4543	−0.066%	$257K	$132K	5x	as long as short