ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against Bybit+0.209%102s7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs+$11as 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−$360.363% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.477%+$48 on $10k

Price spread, last 4 days (all we have)−0.209%−$21 · spread now +0.209%, 7d avg +0.060%

Together, before fees+0.268%+$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.149% dearer against Bybit than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.060%. The two prices were read 102 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	Bybit ONDOUSDT	0.4311	0.0100	pay 0.0050% / 4h	1h 35m	$67.3M	$125.2M	50x
Short	BloFin ONDO-USDT	0.4320	0.0340	get 0.0170% / 4h	1h 35m	$3.2M	$3.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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 BybitbpFee BloFinbpOrdersPrice spread, now +0.209%Rate

Funding earned: $50.4
Price spread: +0.209% → +0.060%: $14.9
Slippage, 4 orders: −$13.29
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: $29.01
Costs to cover: 0.363%
Break-even: 3.0 days

Slippage from Bybit: live order book, 4 min ago; BloFin: live order book, 3 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 Bybit live order book, 4 min ago	1.16 bp	8.7 bp −$9	14.1 bp −$141	49.1 bp −$4,909	doesn't fit
Sell BloFin live order book, 3 min ago	2.31 bp	10.6 bp −$11	13.3 bp −$133	25.4 bp −$2,541	92.0 bp −$46.0K

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	−0.0147%	1h	0.4311	+0.010%	$2.5M	$7.8M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4310	−0.018%	$242K	$136K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4310	−0.024%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.961%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4315	+0.088%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4311	+0.012%	$346K	$897K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4314	+0.070%	$773K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4312	+0.023%	$62.5M	$236.8M	75x	as long as short
Bybit ONDOUSDTlong	+0.0100%	4h	0.4311	long leg	$67.3M	$125.2M	50x
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4313	+0.046%	$17.1M	$72.7M	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	0.4318	+0.155%	$71K	$82K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4310	−0.022%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4310	−0.023%	$12.3M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4310	−0.023%	$42.6M	$42.5M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4312	+0.023%	$11.9M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4311	0.000%	$24.6M	$39.1M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4312	+0.023%	—	$773K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4312	+0.026%	$171K	$997K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4310	−0.029%	$640K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4321	+0.225%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4316	+0.123%	$406K	$1.4M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4321	+0.232%	$132K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4313	+0.051%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4310	−0.023%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4312	+0.023%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4312	+0.023%	$448	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4322	+0.255%	$128K	$405K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4313	+0.046%	$4.2M	$8.5M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4312	+0.034%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4310	−0.030%	$391K	$792K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4313	+0.035%	$37K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0134%	1h	0.4313	+0.051%	$36.2M	$27.1M	10x	as long as short
01 Exchange ONDOUSD	+0.0160%	1h	0.4313	+0.042%	$355	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0214%	1h	0.4312	+0.023%	$18K	$362K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4327	+0.371%	$214K	$726K	50x	as long as short
Phoenix ONDO	+0.0313%	1h	0.4325	+0.322%	$34K	$223K	10x	as long as short
BloFin ONDO-USDTshort	+0.0340%	4h	0.4320	+0.209%	$3.2M	$3.2M	75x
GMX ONDO/USD [ETH-USDC]	L +0.0560% / S −0.0197%	1h	0.4310	−0.018%	$485K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1158%	1h	0.4310	−0.017%	$2K	—	20x	as long as short