Funding you earn now, next payment 01:00 UTC+0.0238%/8h= +26.1% APRnext payment +$0.30 per $10,000 · paid last 24h +0.005%
Price spread now: Phoenix against Ondo Perps+0.119%48s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.100%−$10 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Phoenix is 0.119% dearer against Ondo Perps than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.100%, so the current rate has only just turned in your favour. The two prices were read 48 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 -0.100% in total (about -5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.30 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 | Ondo Perps ONDO-USD.P | 0.4464 | 0.0100 | pay 0.0013% / 1h | 50m 00s | $73K | $92K | 10x |
| Short | Phoenix ONDO | 0.4470 | 0.0338 | get 0.0042% / 1h | 50m 00s | $36K | $231K | 10x |
Ondo Perps ONDO-USD.P
Phoenix ONDOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Ondo Perps. 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
- $50.01
- Price spread: +0.119% → 0.000%
- $11.87
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $49.88
- Costs to cover
- 0.120%
- Break-even
- 0.0 days
Slippage unknown: Ondo Perps: no order-book sample; Phoenix: live order book, 13 min ago. Net counts fees only.
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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 13 min ago | 1.10 bp | 12.7 bp −$13 | 43.6 bp −$436 | doesn't fit | doesn't fit |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0357% | 1h | 0.4477 | +0.294% | $2.7M | $8.0M | 50x | as long as short |
| ApeX Omni ONDOUSDT | −0.0132% | 1h | 0.4463 | −0.027% | $165K | $356K | 50x | as long as short |
| dYdX ONDO-USD | 0.0000% | 1h | 0.4468 | +0.092% | $253K | $130K | 5x | as long as short |
| gTrade (Gains Network) ONDO/USD | L +0.0003% / S −0.0007% | 1h | 0.4472 | +0.179% | $7K | — | 150x | as long as short |
| Injective ONDO/USDC PERP | +0.0033% | 1h | 0.4568 | +2.325% | $888 | $216K | 5.5x | as long as short |
| Orderly PERP_ONDO_USDC | +0.0100% | 4h | 0.4474 | +0.220% | $24K | $6K | 10x | as long as short |
| Nado ONDO-PERP | +0.0100% | 1h | 0.4478 | +0.309% | $408K | $779K | 10x | as long as short |
| Aster ONDOUSDT | +0.0100% | 4h | 0.4477 | +0.287% | $693K | $2.1M | 20x | as long as short |
| Binance ONDOUSDT | +0.0100% | 4h | 0.4474 | +0.220% | $65.9M | $227.5M | 75x | as long as short |
| Bybit ONDOUSDT | +0.0100% | 4h | 0.4474 | +0.220% | $72.1M | $122.3M | 50x | as long as short |
Kraken Futures PF_ONDOUSD
ApeX Omni ONDOUSDT
dYdX ONDO-USD
gTrade (Gains Network) ONDO/USD
Injective ONDO/USDC PERP
Orderly PERP_ONDO_USDC
Nado ONDO-PERP
Aster ONDOUSDT
Binance ONDOUSDT
Bybit ONDOUSDTShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ONDO-USDT-SWAP | +0.0100% | 4h | 0.4475 | +0.242% | $17.2M | $76.8M | 50x | as long as short |
| Ondo Perps ONDO-USD.Plong | +0.0100% | 1h | 0.4464 | long leg | $73K | $92K | 10x | |
| RISEx ONDO/USDC | +0.0100% | 1h | 0.4475 | +0.233% | — | — | 5x | as long as short |
| Gate ONDO_USDT | +0.0100% | 4h | 0.4471 | +0.152% | $11.7M | $15.9M | 50x | as long as short |
| MEXC ONDO_USDT | +0.0100% | 4h | 0.4474 | +0.220% | $46.0M | $41.4M | 200x | as long as short |
| KuCoin ONDOUSDTM | +0.0100% | 4h | 0.4473 | +0.197% | $13.5M | $11.0M | 50x | as long as short |
| Bitget ONDOUSDT | +0.0100% | 4h | 0.4475 | +0.242% | $25.3M | $39.8M | 50x | as long as short |
| BingX ONDO-USDC | +0.0100% | 4h | 0.4473 | +0.197% | — | $755K | — | as long as short |
| Variational Omni ONDO | +0.0100% | 4h | 0.4468 | +0.081% | $791K | $1.8M | — | as long as short |
| edgeX ONDOUSDC | +0.0100% | 4h | 0.4457 | −0.166% | $5K | $319K | 20x | as long as short |
| GRVT ONDO_USDT_Perp | +0.0100% | 4h | 0.4467 | +0.063% | $420K | $965K | 10x | as long as short |
| Polymarket Perps ONDO-USD | +0.0100% | 1h | 0.4478 | +0.309% | $111K | $1.2M | 10x | as long as short |
| SunX ONDO-USDT | +0.0100% | 4h | 0.4473 | +0.197% | — | $1.4M | 20x | as long as short |
| SoDEX ONDO-USD | +0.0100% | 1h | 0.4479 | +0.332% | $466 | $14K | 10x | as long as short |
| HTX ONDO-USDT | +0.0100% | 4h | 0.4487 | +0.511% | $131K | $499K | 50x | as long as short |
| Paradex ONDO-USD-PERP | +0.0102% | 8h | 0.4475 | +0.232% | $6K | — | 10x | as long as short |
| Extended ONDO-USD | +0.0104% | 1h | 0.4474 | +0.224% | $402K | $816K | 25x | as long as short |
| Aevo ONDO-PERP | +0.0104% | 1h | 0.4479 | +0.325% | $39K | $13K | 3x | as long as short |
| Backpack ONDO_USDC_PERP | +0.0106% | 1h | 0.4476 | +0.253% | $203K | $1.0M | 15x | as long as short |
| Hyperliquid ONDO | +0.0174% | 1h | 0.4478 | +0.300% | $39.6M | $25.3M | 10x | as long as short |
| 01 Exchange ONDOUSD | +0.0304% | 1h | 0.4481 | +0.374% | $369 | $2K | 10x | as long as short |
| Coinbase International ONDO-PERP-INTX | +0.0328% | 1h | 0.4472 | +0.175% | $291K | $802K | 50x | as long as short |
| Phoenix ONDOshort | +0.0338% | 1h | 0.4470 | +0.119% | $36K | $231K | 10x | |
| BloFin ONDO-USDT | +0.0340% | 4h | 0.4470 | +0.130% | $3.2M | $3.0M | 75x | as long as short |
| Deribit ONDO_USDC-PERPETUAL | +0.0420% | 1h | 0.4479 | +0.332% | $33K | $339K | 25x | as long as short |
| Lighter ONDO | +0.0568% | 1h | 0.4479 | +0.334% | $1.4M | $2.1M | 10x | as long as short |
| GMX ONDO/USD [ETH-USDC] | L +0.0582% / S −0.0186% | 1h | 0.4472 | +0.180% | $534K | — | 100x | as long as short |
| Phemex ONDOUSDT | +0.0679% | 4h | 0.4477 | +0.287% | $4.3M | $7.2M | 50x | as long as short |
| Reya ONDORUSDPERP | +0.1146% | 1h | 0.4474 | +0.214% | $2K | — | 20x | as long as short |
OKX ONDO-USDT-SWAP
RISEx ONDO/USDC
Gate ONDO_USDT
MEXC ONDO_USDT
KuCoin ONDOUSDTM
Bitget ONDOUSDT
BingX ONDO-USDC
Variational Omni ONDO
edgeX ONDOUSDC
GRVT ONDO_USDT_Perp
Polymarket Perps ONDO-USD
SunX ONDO-USDT
SoDEX ONDO-USD
HTX ONDO-USDT
Paradex ONDO-USD-PERP
Extended ONDO-USD
Aevo ONDO-PERP
Backpack ONDO_USDC_PERP
Hyperliquid ONDO
01 Exchange ONDOUSD
Coinbase International ONDO-PERP-INTX
BloFin ONDO-USDT
Deribit ONDO_USDC-PERPETUAL
Lighter ONDO
GMX ONDO/USD [ETH-USDC]
Phemex ONDOUSDT
Reya ONDORUSDPERP