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 −0.075%

Price spread now: Gate against BloFin+0.065%7-day average −0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$560.557% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.459%−$46 on $10k

Price spread, last 3 days (all we have)−0.075%−$8 · spread now +0.065%, 7d avg −0.071%

Together, before fees−0.534%−$53 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.136% dearer against BloFin than usual: you sell high and buy low (spread +0.065% now, against its 7-day average of −0.071%): +$14 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 45 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ONDO-USDT	0.4602	0.0340	pay 0.0170% / 4h	3h 16m	$3.3M	$3.0M	75x
Short	Gate ONDO_USDT	0.4605	0.0100	get 0.0050% / 4h	3h 16m	$12.1M	$16.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.065%Rate

Funding earned: −$50.4
Price spread: +0.065% → −0.071%: $13.63
Slippage, 4 orders: −$28.69
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$92.46
Costs to cover: 0.557%
Break-even: never at this rate

Slippage from BloFin: live order book, 1 min ago; Gate: 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, 1 min ago	1.09 bp	8.4 bp −$8	11.7 bp −$117	35.9 bp −$3,592	doesn't fit
Sell Gate live order book, 2 min ago	1.09 bp	12.7 bp −$13	21.4 bp −$214	39.4 bp −$3,943	70.4 bp −$35.2K

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	−0.0868%	1h	0.4601	−0.012%	$2.8M	$7.9M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4603	+0.028%	$260K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4599	−0.065%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−0.739%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4599	−0.065%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4605	+0.071%	$432K	$709K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4608	+0.139%	$735K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4613	+0.244%	$69.2M	$221.3M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4611	+0.196%	$74.4M	$119.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4611	+0.196%	$17.7M	$78.2M	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	0.4593	−0.187%	$73K	$91K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4605	+0.060%	—	—	5x	as long as short
Gate ONDO_USDTshort	+0.0100%	4h	0.4605	+0.065%	$12.1M	$16.8M	50x
MEXC ONDO_USDT	+0.0100%	4h	0.4607	+0.109%	$49.7M	$41.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4608	+0.130%	$14.3M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4605	+0.065%	$26.1M	$38.8M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4605	+0.065%	—	$22.1M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4607	+0.104%	$231K	$999K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4605	+0.060%	$817K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4606	+0.080%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4603	+0.022%	$432K	$960K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4604	+0.043%	$172K	$349K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4608	+0.135%	$73K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4607	+0.109%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4602	0.000%	$478	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4611	+0.196%	$135K	$492K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4600	−0.043%	$4.5M	$7.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4605	+0.074%	$7K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4606	+0.092%	$417K	$826K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4602	0.000%	$40K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0185%	1h	0.4602	0.000%	$34K	$346K	25x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4588	−0.300%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0256%	1h	0.4608	+0.128%	$379	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4617	+0.326%	$299K	$819K	50x	as long as short
BloFin ONDO-USDTlong	+0.0340%	4h	0.4602	long leg	$3.3M	$3.0M	75x
Hyperliquid ONDO	+0.0343%	1h	0.4613	+0.235%	$41.0M	$25.1M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0592% / S −0.0188%	1h	0.4599	−0.062%	$549K	—	100x	as long as short
Lighter ONDO	+0.0640%	1h	0.4617	+0.332%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1146%	1h	0.4604	+0.049%	$2K	—	20x	as long as short