ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against KuCoin−0.086%50s7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$10as 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−$510.507% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.406%+$41 on $10k

Price spread, last 3 days (all we have)+0.071%+$7 · spread now −0.086%, 7d avg +0.018%

Together, before fees+0.477%+$48 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.105% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.086% now, against its 7-day average of +0.018%). If the spread goes back, that is −$10 on $10k: about 35 hours of funding at the current rate (+$7 a day). The two prices were read 50 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	KuCoin ONDOUSDTM	0.4636	0.0100	pay 0.0050% / 4h	3h 34m	$14.3M	$11.0M	50x
Short	BloFin ONDO-USDT	0.4632	0.0340	get 0.0170% / 4h	3h 34m	$3.3M	$2.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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 KuCoinbpFee BloFinbpOrdersPrice spread, now −0.086%Rate

Funding earned: $50.4
Price spread: −0.086% → +0.018%: −$10.47
Slippage, 4 orders: −$26.67
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$10.74
Costs to cover: 0.507%
Break-even: 8.5 days

Slippage from KuCoin: live order book, 4 min ago; BloFin: live order book, 4 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 KuCoin live order book, 4 min ago	1.09 bp	21.4 bp −$21	50.1 bp −$501	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	1.09 bp	7.7 bp −$8	12.2 bp −$122	43.5 bp −$4,354	122.8 bp −$61.4K

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	−0.0862%	1h	0.4632	−0.087%	$2.8M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4635	−0.030%	$262K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4625	−0.234%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−1.467%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4628	−0.173%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4636	+0.005%	$435K	$710K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4639	+0.065%	$732K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4637	+0.022%	$69.5M	$224.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4635	−0.022%	$75.2M	$120.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4633	−0.065%	$17.8M	$80.0M	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	0.4632	−0.080%	$76K	$90K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4636	+0.001%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4636	0.000%	$12.2M	$16.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4634	−0.043%	$50.4M	$41.6M	200x	as long as short
KuCoin ONDOUSDTMlong	+0.0100%	4h	0.4636	long leg	$14.3M	$11.0M	50x
Bitget ONDOUSDT	+0.0100%	4h	0.4634	−0.043%	$26.2M	$39.8M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4637	+0.022%	—	$743K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4632	−0.082%	$231K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4615	−0.458%	$820K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4577	−1.276%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4573	−1.351%	$423K	$959K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4606	−0.647%	$174K	$338K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4639	+0.071%	$74K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4632	−0.086%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4632	−0.086%	$481	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4635	−0.022%	$136K	$497K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4631	−0.108%	$4.6M	$7.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4637	+0.024%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4637	+0.028%	$412K	$836K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4634	−0.052%	$40K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0241%	1h	0.4640	+0.084%	$41.3M	$25.5M	10x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4578	−1.249%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0264%	1h	0.4642	+0.140%	$382	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4627	−0.194%	$300K	$828K	50x	as long as short
BloFin ONDO-USDTshort	+0.0340%	4h	0.4632	−0.086%	$3.3M	$2.9M	75x
Deribit ONDO_USDC-PERPETUAL	+0.0398%	1h	0.4630	−0.129%	$34K	$363K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0594% / S −0.0188%	1h	0.4628	−0.183%	$552K	—	100x	as long as short
Lighter ONDO	+0.0600%	1h	0.4646	+0.214%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1145%	1h	0.4633	−0.059%	$2K	—	20x	as long as short