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: KuCoin against BloFin−0.313%110s7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$103as 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−$620.620% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.406%−$41 on $10k

Price spread, last 3 days (all we have)+0.326%+$33 · spread now −0.313%, 7d avg −0.018%

Together, before fees−0.080%−$8 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 KuCoin is 0.295% cheaper against BloFin than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.018%). Swap the legs. The two prices were read 110 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	0.4471	0.0340	pay 0.0170% / 4h	2h 47m	$3.2M	$3.0M	75x
Short	KuCoin ONDOUSDTM	0.4457	0.0100	get 0.0050% / 4h	2h 47m	$13.5M	$10.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.313%Rate

Funding earned: −$50.4
Price spread: −0.313% → −0.018%: −$29.5
Slippage, 4 orders: −$38.04
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$141.94
Costs to cover: 0.620%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; KuCoin: live order book, 6 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	1.12 bp	11.6 bp −$12	15.1 bp −$151	39.8 bp −$3,977	doesn't fit
Sell KuCoin live order book, 6 min ago	2.24 bp	22.0 bp −$22	48.2 bp −$482	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	−0.0359%	1h	0.4452	−0.422%	$2.7M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4454	−0.377%	$252K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0007%	1h	0.4454	−0.383%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+2.170%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4453	−0.403%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4459	−0.274%	$406K	$780K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4456	−0.345%	$686K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4453	−0.393%	$65.6M	$227.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4452	−0.425%	$71.7M	$122.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4452	−0.425%	$17.2M	$76.3M	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	0.4464	−0.152%	$73K	$92K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4458	−0.284%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4455	−0.358%	$11.7M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4453	−0.403%	$45.1M	$41.9M	200x	as long as short
KuCoin ONDOUSDTMshort	+0.0100%	4h	0.4457	−0.313%	$13.5M	$10.9M	50x
Bitget ONDOUSDT	+0.0100%	4h	0.4453	−0.403%	$25.2M	$39.9M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4456	−0.335%	—	$22.3M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4465	−0.127%	$202K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4468	−0.071%	$791K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4470	−0.013%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4470	−0.021%	$421K	$952K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4470	−0.022%	$165K	$356K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4457	−0.309%	$77K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4455	−0.358%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4454	−0.380%	$463	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4468	−0.067%	$131K	$500K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4461	−0.226%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4451	−0.439%	$402K	$816K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4454	−0.376%	$39K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0199%	1h	0.4455	−0.358%	$33K	$339K	25x	as long as short
Hyperliquid ONDO	+0.0249%	1h	0.4460	−0.246%	$39.4M	$25.4M	10x	as long as short
01 Exchange ONDOUSD	+0.0320%	1h	0.4461	−0.219%	$367	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4469	−0.045%	$290K	$800K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4476	+0.101%	$36K	$231K	10x	as long as short
BloFin ONDO-USDTlong	+0.0340%	4h	0.4471	long leg	$3.2M	$3.0M	75x
GMX ONDO/USD [ETH-USDC]	L +0.0581% / S −0.0186%	1h	0.4453	−0.408%	$532K	—	100x	as long as short
Phemex ONDOUSDT	+0.0588%	4h	0.4458	−0.291%	$4.3M	$7.3M	50x	as long as short
Lighter ONDO	+0.0608%	1h	0.4460	−0.246%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1147%	1h	0.4456	−0.341%	$2K	—	20x	as long as short