Funding you earn now, next payment 01:00 UTC+0.0234%/8h= +25.6% APRnext payment +$0.29 per $10,000 · paid last 24h +0.004%
Price spread now: Phoenix against Extended−0.108%88s7-day average +0.129% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as 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−$390.390% of the position
Funding, last 7 days−0.111%−$11 on $10k
+Price spread, last 4 days (all we have)+0.987%+$99 · spread now −0.108%, 7d avg +0.129%
=Together, before fees+0.875%+ Points / potential airdropExtended: Active · farm board+$88 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.237% cheaper against Extended than usual: you would sell low and buy high (spread −0.108% now, against its 7-day average of +0.129%). If the spread goes back, that is −$24 on $10k: about 3.4 days of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.111%, so the current rate has only just turned in your favour. The two prices were read 88 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.111% in total (about -5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.29 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 | Extended ONDO-USD | 0.4395 | 0.0104 | pay 0.0013% / 1h | 5m 54s | $396K | $824K | 25x |
| Short | Phoenix ONDO | 0.4391 | 0.0338 | get 0.0042% / 1h | 5m 54s | $35K | $231K | 10x |
Extended ONDO-USD
Phoenix ONDOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $49.17
- Price spread: −0.108% → +0.129%
- −$23.74
- Slippage, 4 orders
- −$26.99
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$13.57
- Costs to cover
- 0.390%
- Break-even
- 8.9 days
Slippage from Extended: live order book, 62 min ago; Phoenix: live order book, 57 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 Extended live order book, 62 min ago | 4.35 bp | 6.8 bp −$7 | 16.0 bp −$160 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 57 min ago | 1.10 bp | 12.7 bp −$13 | 43.6 bp −$436 | doesn't fit | doesn't fit |
ONDO on 38 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 | −0.0363% | 1h | 0.4394 | −0.030% | $2.6M | $8.2M | 50x | as long as short |
| dYdX ONDO-USD | 0.0000% | 1h | 0.4390 | −0.133% | $248K | $130K | 5x | as long as short |
| gTrade (Gains Network) ONDO/USD | L +0.0003% / S −0.0008% | 1h | 0.4391 | −0.102% | $6K | — | 150x | as long as short |
| Injective ONDO/USDC PERP | +0.0033% | 1h | 0.4568 | +3.926% | $888 | $216K | 5.5x | as long as short |
| Orderly PERP_ONDO_USDC | +0.0099% | 4h | 0.4395 | −0.010% | $24K | $6K | 10x | as long as short |
| Nado ONDO-PERP | +0.0100% | 1h | 0.4392 | −0.067% | $379K | $840K | 10x | as long as short |
| Aster ONDOUSDT | +0.0100% | 4h | 0.4394 | −0.029% | $669K | $2.2M | 20x | as long as short |
| Binance ONDOUSDT | +0.0100% | 4h | 0.4398 | +0.058% | $63.8M | $228.6M | 75x | as long as short |
| Bybit ONDOUSDT | +0.0100% | 4h | 0.4397 | +0.035% | $69.7M | $124.2M | 50x | as long as short |
| OKX ONDO-USDT-SWAP | +0.0100% | 4h | 0.4395 | −0.010% | $17.0M | $74.1M | 50x | as long as short |
Kraken Futures PF_ONDOUSD
dYdX ONDO-USD
gTrade (Gains Network) ONDO/USD
Injective ONDO/USDC PERP
Orderly PERP_ONDO_USDC
Nado ONDO-PERP
Aster ONDOUSDT
Binance ONDOUSDT
Bybit ONDOUSDT
OKX ONDO-USDT-SWAPShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ONDO-USD.P | +0.0100% | 1h | 0.4396 | +0.021% | $72K | $86K | 10x | as long as short |
| RISEx ONDO/USDC | +0.0100% | 1h | 0.4393 | −0.062% | — | — | 5x | as long as short |
| Gate ONDO_USDT | +0.0100% | 4h | 0.4393 | −0.056% | $11.6M | $16.6M | 50x | as long as short |
| MEXC ONDO_USDT | +0.0100% | 4h | 0.4396 | +0.012% | $46.4M | $43.8M | 200x | as long as short |
| KuCoin ONDOUSDTM | +0.0100% | 4h | 0.4394 | −0.033% | $13.0M | $10.9M | 50x | as long as short |
| Bitget ONDOUSDT | +0.0100% | 4h | 0.4396 | +0.012% | $25.0M | $39.8M | 50x | as long as short |
| BingX ONDO-USDT | +0.0100% | 4h | 0.4395 | −0.010% | — | $22.2M | — | as long as short |
| Variational Omni ONDO | +0.0100% | 4h | 0.4393 | −0.062% | $761K | $1.8M | — | as long as short |
| edgeX ONDOUSDC | +0.0100% | 4h | 0.4383 | −0.288% | $4K | $319K | 20x | as long as short |
| GRVT ONDO_USDT_Perp | +0.0100% | 4h | 0.4386 | −0.224% | $404K | $978K | 10x | as long as short |
| ApeX Omni ONDOUSDT | +0.0100% | 1h | 0.4378 | −0.397% | $135K | $355K | 50x | as long as short |
| Polymarket Perps ONDO-USD | +0.0100% | 1h | 0.4394 | −0.029% | $90K | $1.3M | 10x | as long as short |
| SunX ONDO-USDT | +0.0100% | 4h | 0.4394 | −0.033% | — | $1.4M | 20x | as long as short |
| SoDEX ONDO-USD | +0.0100% | 1h | 0.4397 | +0.035% | $457 | $13K | 10x | as long as short |
| HTX ONDO-USDT | +0.0100% | 4h | 0.4403 | +0.172% | $129K | $497K | 50x | as long as short |
| Paradex ONDO-USD-PERP | +0.0103% | 8h | 0.4390 | −0.119% | $6K | — | 10x | as long as short |
| Extended ONDO-USDlong | +0.0104% | 1h | 0.4395 | long leg | $396K | $824K | 25x | |
| Aevo ONDO-PERP | +0.0104% | 1h | 0.4397 | +0.046% | $38K | $13K | 3x | as long as short |
| Backpack ONDO_USDC_PERP | +0.0168% | 1h | 0.4395 | −0.006% | $196K | $995K | 15x | as long as short |
| Deribit ONDO_USDC-PERPETUAL | +0.0205% | 1h | 0.4395 | −0.010% | $23K | $349K | 25x | as long as short |
| Hyperliquid ONDO | +0.0231% | 1h | 0.4395 | +0.001% | $38.6M | $24.1M | 10x | as long as short |
| Phemex ONDOUSDT | +0.0247% | 4h | 0.4396 | +0.012% | $4.2M | $7.5M | 50x | as long as short |
| Coinbase International ONDO-PERP-INTX | +0.0328% | 1h | 0.4422 | +0.604% | $284K | $707K | 50x | as long as short |
| Phoenix ONDOshort | +0.0338% | 1h | 0.4391 | −0.108% | $35K | $231K | 10x | |
| 01 Exchange ONDOUSD | +0.0352% | 1h | 0.4396 | +0.015% | $362 | $2K | 10x | as long as short |
| GMX ONDO/USD [ETH-USDC] | L +0.0549% / S −0.0190% | 1h | 0.4390 | −0.129% | $484K | — | 100x | as long as short |
| Lighter ONDO | +0.0784% | 1h | 0.4402 | +0.153% | $1.4M | $2.1M | 10x | as long as short |
| Reya ONDORUSDPERP | +0.1148% | 1h | 0.4393 | −0.046% | $2K | — | 20x | as long as short |
Ondo Perps ONDO-USD.P
RISEx ONDO/USDC
Gate ONDO_USDT
MEXC ONDO_USDT
KuCoin ONDOUSDTM
Bitget ONDOUSDT
BingX ONDO-USDT
Variational Omni ONDO
edgeX ONDOUSDC
GRVT ONDO_USDT_Perp
ApeX Omni ONDOUSDT
Polymarket Perps ONDO-USD
SunX ONDO-USDT
SoDEX ONDO-USD
HTX ONDO-USDT
Paradex ONDO-USD-PERP
Aevo ONDO-PERP
Backpack ONDO_USDC_PERP
Deribit ONDO_USDC-PERPETUAL
Hyperliquid ONDO
Phemex ONDOUSDT
Coinbase International ONDO-PERP-INTX
01 Exchange ONDOUSD
GMX ONDO/USD [ETH-USDC]
Lighter ONDO
Reya ONDORUSDPERP