ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against Phemex−0.069%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs+$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$490.491% of the position

Long on Phemex Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.617%+$62 on $10k

Price spread, last 4 days (all we have)+0.095%+$9 · spread now −0.069%, 7d avg +0.019%

Together, before fees+0.711%+$71 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.089% cheaper against Phemex than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of +0.019%). If the spread goes back, that is −$9 on $10k: about 30 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ONDOUSDT	0.4333	0.0100	pay 0.0050% / 4h	3h 52m	$4.2M	$9.0M	50x
Short	BloFin ONDO-USDT	0.4330	0.0340	get 0.0170% / 4h	3h 52m	$3.2M	$3.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Phemex. 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 PhemexbpFee BloFinbpOrdersPrice spread, now −0.069%Rate

Funding earned: $50.4
Price spread: −0.069% → +0.019%: −$8.85
Slippage, 4 orders: −$25.09
Fee Phemex: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$7.54
Costs to cover: 0.491%
Break-even: 8.0 days

Slippage from Phemex: live order book, 6 min ago; BloFin: live order book, 6 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 Phemex live order book, 6 min ago	2.31 bp	16.1 bp −$16	24.6 bp −$246	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	2.31 bp	8.3 bp −$8	13.4 bp −$134	33.0 bp −$3,300	118.8 bp −$59.4K

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	−0.0176%	1h	0.4332	−0.033%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4326	−0.165%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.423%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4333	+0.009%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4331	−0.040%	$346K	$889K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4332	−0.013%	$761K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4330	−0.062%	$63.3M	$234.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4329	−0.092%	$68.3M	$122.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4333	0.000%	$17.3M	$72.0M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4339	+0.127%	$71K	$81K	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	0.4333	−0.010%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4331	−0.046%	$13.1M	$15.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4330	−0.069%	$44.5M	$41.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4329	−0.092%	$12.1M	$10.4M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4332	−0.023%	$24.7M	$36.7M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4332	−0.023%	—	$23.1M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4334	+0.018%	$176K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4321	−0.282%	$679K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4315	−0.404%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4323	−0.242%	$407K	$1.6M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4313	−0.462%	$134K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4330	−0.060%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4331	−0.046%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4331	−0.046%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4333	0.000%	$2K	$15K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4340	+0.162%	$129K	$369K	50x	as long as short
Phemex ONDOUSDTlong	+0.0100%	4h	0.4333	long leg	$4.2M	$9.0M	50x
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4328	−0.114%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4333	−0.002%	$364K	$829K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4335	+0.035%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0212%	1h	0.4334	+0.023%	$18K	$351K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4339	+0.138%	$214K	$735K	50x	as long as short
Phoenix ONDO	+0.0277%	1h	0.4332	−0.018%	$35K	$218K	10x	as long as short
01 Exchange ONDOUSD	+0.0304%	1h	0.4335	+0.048%	$357	$2K	10x	as long as short
BloFin ONDO-USDTshort	+0.0340%	4h	0.4330	−0.069%	$3.2M	$3.1M	75x
GMX ONDO/USD [ETH-USDC]	L +0.0573% / S −0.0203%	1h	0.4329	−0.090%	$495K	—	100x	as long as short
Hyperliquid ONDO	+0.0609%	1h	0.4334	+0.030%	$36.6M	$27.2M	10x	as long as short
Reya ONDORUSDPERP	+0.1162%	1h	0.4332	−0.029%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1608%	1h	0.4328	−0.108%	$243K	$155K	5x	as long as short