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: Bybit against BloFin+0.022%7-day average −0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$430.429% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.478%−$48 on $10k

Price spread, last 3 days (all we have)−0.085%−$9 · spread now +0.022%, 7d avg −0.072%

Together, before fees−0.563%−$56 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.094% dearer against BloFin than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.072%): +$9 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ONDO-USDT	0.4505	0.0340	pay 0.0170% / 4h	2h 02m	$3.2M	$3.1M	75x
Short	Bybit ONDOUSDT	0.4506	0.0100	get 0.0050% / 4h	2h 02m	$73.0M	$118.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$50.4
Price spread: +0.022% → −0.072%: $9.42
Slippage, 4 orders: −$19.91
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$83.88
Costs to cover: 0.429%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; Bybit: live order book, 2 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, 6 min ago	3.33 bp	13.8 bp −$14	15.4 bp −$154	39.5 bp −$3,952	doesn't fit
Sell Bybit live order book, 2 min ago	1.11 bp	8.5 bp −$9	17.6 bp −$176	56.0 bp −$5,601	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	−0.1130%	1h	0.4501	−0.093%	$2.8M	$8.0M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4505	0.000%	$19K	$364K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4503	−0.033%	$6K	—	150x	as long as short
Phoenix ONDO	+0.0018%	1h	0.4501	−0.100%	$29K	$222K	10x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4503	−0.044%	$1K	$181K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4503	−0.044%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4504	−0.028%	$422K	$681K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4506	+0.024%	$757K	$2.0M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4506	+0.023%	$66.4M	$220.5M	75x	as long as short
Bybit ONDOUSDTshort	+0.0100%	4h	0.4506	+0.022%	$73.0M	$118.2M	50x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4504	−0.022%	$17.6M	$79.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4498	−0.147%	$72K	$84K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4504	−0.016%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4502	−0.067%	$11.7M	$18.8M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4504	−0.022%	$47.1M	$45.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4502	−0.067%	$13.4M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4507	+0.044%	$25.5M	$41.3M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4503	−0.044%	—	$22.6M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4506	+0.033%	$194K	$973K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4496	−0.193%	$789K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4499	−0.140%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4497	−0.177%	$425K	$937K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4497	−0.178%	$159K	$333K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4507	+0.038%	$81K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4505	0.000%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4504	−0.022%	$468	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4509	+0.089%	$129K	$519K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4502	−0.067%	$4.7M	$6.3M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4504	−0.024%	$6K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4504	−0.029%	$401K	$917K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4506	+0.011%	$44K	$8K	3x	as long as short
Hyperliquid ONDO	+0.0288%	1h	0.4511	+0.123%	$40.3M	$27.6M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4508	+0.067%	$298K	$841K	50x	as long as short
BloFin ONDO-USDTlong	+0.0340%	4h	0.4505	long leg	$3.2M	$3.1M	75x
01 Exchange ONDOUSD	+0.0384%	1h	0.4510	+0.102%	$371	$2K	10x	as long as short
Lighter ONDO	+0.0560%	1h	0.4511	+0.144%	$1.4M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0589% / S −0.0191%	1h	0.4503	−0.036%	$542K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1140%	1h	0.4506	+0.033%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.9056%	1h	0.4503	−0.049%	$255K	$129K	5x	as long as short