ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.05 per $10,000 · paid last 24h −0.083%

Price spread now: ApeX Omni against Kraken Futures+0.580%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1as in the Price arb table

costs, in and out, $10k−$620.619% of the position

Long on Kraken Futures Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.265%−$27 on $10k

Price spread, last 4 days (all we have)−0.366%−$37 · spread now +0.580%, 7d avg −0.027%

Together, before fees−0.631%−$63 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and ApeX Omni is 0.606% dearer against Kraken Futures than usual: you sell high and buy low: +$61 more if the spread goes back to its 7-day average of −0.027%. Mind the row above: over the last 7 days funding on this pair cost −0.265%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ONDOUSD	0.4410	0.0061	pay 0.0008% / 1h	12m 44s	$2.6M	$8.2M	50x
Short	ApeX Omni ONDOUSDT	0.4436	0.0100	get 0.0013% / 1h	12m 44s	$136K	$354K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Kraken Futures. 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 Kraken FuturesbpFee ApeX OmnibpOrdersPrice spread, now +0.580%Rate

Funding earned: $8.17
Price spread: +0.580% → −0.027%: $60.64
Slippage, 4 orders: −$41.92
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $6.9
Costs to cover: 0.619%
Break-even: 1.1 days

Slippage from Kraken Futures: live order book, 1 min ago; ApeX Omni: live order book, 50 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 Kraken Futures live order book, 1 min ago	4.53 bp	17.5 bp −$17	25.8 bp −$258	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 50 min ago	4.53 bp	11.0 bp −$11	26.5 bp −$265	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
dYdX ONDO-USD	+0.0001%	1h	0.4409	−0.030%	$249K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4414	+0.085%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.572%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSDlong	+0.0061%	1h	0.4410	long leg	$2.6M	$8.2M	50x
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4411	+0.013%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4419	+0.188%	$373K	$837K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4409	−0.034%	$64.2M	$225.7M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4410	−0.010%	$69.9M	$122.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4411	+0.013%	$17.1M	$71.7M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4426	+0.346%	$73K	$86K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4409	−0.031%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4408	−0.055%	$11.6M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4410	−0.010%	$47.6M	$41.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4407	−0.078%	$12.9M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4410	−0.010%	$25.2M	$39.4M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4410	−0.010%	—	$21.8M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4430	+0.435%	$718K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4435	+0.557%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4435	+0.567%	$414K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDTshort	+0.0100%	1h	0.4436	+0.580%	$136K	$354K	50x
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4420	+0.205%	$68K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4419	+0.194%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4412	+0.035%	$459	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4420	+0.217%	$130K	$474K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4409	−0.033%	$4.2M	$7.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0104%	8h	0.4410	−0.015%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4408	−0.047%	$398K	$792K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4414	+0.081%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0139%	1h	0.4411	+0.008%	$38.2M	$24.3M	10x	as long as short
Aster ONDOUSDT	+0.0187%	4h	0.4410	−0.006%	$710K	$2.3M	20x	as long as short
Backpack ONDO_USDC_PERP	+0.0189%	1h	0.4409	−0.035%	$191K	$979K	15x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0203%	1h	0.4413	+0.058%	$23K	$349K	25x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4427	+0.366%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4414	+0.081%	$3.2M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0352%	1h	0.4420	+0.221%	$364	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4422	+0.262%	$281K	$727K	50x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0552% / S −0.0190%	1h	0.4413	+0.056%	$487K	—	100x	as long as short
Lighter ONDO	+0.0848%	1h	0.4417	+0.144%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1150%	1h	0.4417	+0.142%	$2K	—	20x	as long as short