ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0087%/8h= −9.6% APRnext payment −$0.44 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against HTX−0.723%7-day average −0.180% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

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

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 3 days (all we have)+0.799%+$80 · spread now −0.723%, 7d avg −0.180%

Together, before fees+0.720%+$72 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.543% cheaper against HTX than usual: you would sell low and buy high (−$54 if the spread goes back to its 7-day average of −0.180%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ONDO-USDT	0.4564	0.0100	pay 0.0050% / 4h	2h 57m	$126K	$514K	50x
Short	Bybit ONDOUSDT	0.4531	0.0013	get 0.0006% / 4h	2h 57m	$73.8M	$117.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against HTX. 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 HTXbpFee BybitbpOrdersPrice spread, now −0.723%Rate

Funding earned: −$18.36
Price spread: −0.723% → −0.180%: −$54.33
Slippage, 4 orders: −$32.71
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$128.4
Costs to cover: 0.557%
Break-even: never at this rate

Slippage from HTX: live order book, 30 min ago; Bybit: live order book, 1 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 HTX live order book, 30 min ago	14.42 bp	20.8 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.10 bp	7.1 bp −$7	13.4 bp −$134	53.3 bp −$5,327	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	−0.1121%	1h	0.4537	−0.595%	$3.1M	$7.7M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4539	−0.548%	$20K	$344K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4541	−0.515%	$6K	—	150x	as long as short
Bybit ONDOUSDTshort	+0.0013%	4h	0.4531	−0.723%	$73.8M	$117.1M	50x
Injective ONDO/USDC PERP	+0.0033%	1h	0.4416	−3.243%	$994	$82K	5.5x	as long as short
Variational Omni ONDO	+0.0062%	4h	0.4524	−0.886%	$799K	$2.0M	—	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4538	−0.570%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4547	−0.367%	$440K	$666K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4538	−0.561%	$40.9M	$27.6M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4538	−0.570%	$759K	$2.0M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ONDOUSDT	+0.0100%	4h	0.4534	−0.657%	$66.8M	$221.6M	75x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4530	−0.745%	$17.7M	$80.3M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4545	−0.412%	$73K	$86K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4540	−0.535%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4534	−0.657%	$11.9M	$18.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4534	−0.657%	$48.1M	$44.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4536	−0.613%	$14.0M	$10.4M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4536	−0.613%	$25.6M	$41.2M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4533	−0.679%	—	$23.1M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4535	−0.638%	$227K	$942K	15x	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4500	−1.412%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4495	−1.512%	$423K	$925K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4503	−1.337%	$159K	$329K	50x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4535	−0.635%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4533	−0.679%	$471	$14K	10x	as long as short
HTX ONDO-USDTlong	+0.0100%	4h	0.4564	long leg	$126K	$514K	50x
Phemex ONDOUSDT	+0.0100%	4h	0.4534	−0.657%	$4.9M	$6.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4541	−0.504%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4534	−0.647%	$407K	$994K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4538	−0.579%	$36K	—	3x	as long as short
Polymarket Perps ONDO-USD	+0.0133%	1h	0.4551	−0.285%	$79K	$1.0M	10x	as long as short
Phoenix ONDO	+0.0144%	1h	0.4508	−1.236%	$29K	$220K	10x	as long as short
01 Exchange ONDOUSD	+0.0296%	1h	0.4550	−0.307%	$374	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4541	−0.504%	$311K	$837K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4553	−0.241%	$3.3M	$3.1M	75x	as long as short
Lighter ONDO	+0.0344%	1h	0.4542	−0.478%	$1.4M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0619% / S −0.0203%	1h	0.4540	−0.529%	$565K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1138%	1h	0.4544	−0.438%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.8196%	1h	0.4546	−0.393%	$257K	$117K	5x	as long as short