ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0341%/8h= −37.3% APRnext payment −$0.43 per $10,000 · paid last 24h −0.015%

Price spread now: ApeX Omni against Deribit+0.023%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$360.362% of the position

Long on Deribit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 4 days (all we have)−0.130%−$13 · spread now +0.023%, 7d avg +0.021%

Together, before fees−0.125%−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.021%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.005% in total (about 0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.43 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ONDO_USDC-PERPETUAL	0.4343	0.0441	pay 0.0055% / 1h	17m 22s	$18K	$362K	25x
Short	ApeX Omni ONDOUSDT	0.4344	0.0100	get 0.0013% / 1h	17m 22s	$133K	$356K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Deribit. 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 DeribitbpFee ApeX OmnibpOrdersPrice spread, now +0.023%Rate

Funding earned: −$71.61
Price spread: +0.023% → +0.021%: $0.16
Slippage, 4 orders: −$19.2
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$107.65
Costs to cover: 0.362%
Break-even: never at this rate

Slippage from Deribit: live order book, 31 min ago; ApeX Omni: live order book, 30 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 Deribit live order book, 31 min ago	5.76 bp	11.6 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 30 min ago	1.15 bp	7.6 bp −$8	22.1 bp −$221	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	−0.0240%	1h	0.4344	+0.018%	$2.6M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4340	−0.070%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0012%	1h	0.4340	−0.059%	$244K	$137K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.181%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4345	+0.048%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4342	−0.017%	$349K	$882K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4345	+0.044%	$36.2M	$26.4M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4344	+0.030%	$775K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4342	−0.023%	$62.9M	$237.2M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4339	−0.092%	$67.8M	$126.1M	50x	as long as short

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	0.4342	−0.023%	$17.3M	$73.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4335	−0.182%	$71K	$82K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4343	−0.004%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4342	−0.023%	$12.2M	$16.5M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4341	−0.046%	$43.2M	$42.5M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4342	−0.023%	$12.1M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4341	−0.046%	$24.9M	$39.9M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4341	−0.046%	—	$23.7M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4344	+0.030%	$176K	$988K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4320	−0.535%	$631K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4325	−0.421%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4341	−0.045%	$411K	$1.3M	10x	as long as short
ApeX Omni ONDOUSDTshort	+0.0100%	1h	0.4344	+0.023%	$133K	$356K	50x
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4343	+0.002%	$65K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4341	−0.046%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4346	+0.069%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4347	+0.092%	$452	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4355	+0.276%	$129K	$429K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4345	+0.046%	$4.2M	$8.3M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4343	−0.004%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4342	−0.015%	$391K	$795K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4344	+0.023%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0128%	1h	0.4344	+0.012%	$357	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4347	+0.092%	$218K	$762K	50x	as long as short
Phoenix ONDO	+0.0332%	1h	0.4346	+0.071%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4341	−0.046%	$3.1M	$3.1M	75x	as long as short
Deribit ONDO_USDC-PERPETUALlong	+0.0441%	1h	0.4343	long leg	$18K	$362K	25x
GMX ONDO/USD [ETH-USDC]	L +0.0571% / S −0.0202%	1h	0.4339	−0.082%	$494K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1156%	1h	0.4342	−0.034%	$2K	—	20x	as long as short