ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0481%/8h= −52.7% APRnext payment −$2.40 per $10,000 · paid last 24h 0.000%

Price spread now: edgeX against Phemex+0.049%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$620.621% of the position

Long on Phemex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.134%+$13 on $10k

Price spread, last 3 days (all we have)−0.070%−$7 · spread now +0.049%, 7d avg −0.004%

Together, before fees+0.065%+ Points / potential airdropedgeX: Active · farm board+$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.053% dearer against Phemex than usual: you sell high and buy low (spread +0.049% now, against its 7-day average of −0.004%): +$5 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 9 hours. Mind the row above: over the last 7 days funding on this pair paid +0.134%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.134% in total (about 7.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.40 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	Phemex ONDOUSDT	0.4416	0.0581	pay 0.0290% / 4h	2h 23m	$4.2M	$7.4M	50x
Short	edgeX ONDOUSDC	0.4418	0.0100	get 0.0050% / 4h	2h 23m	$5K	$318K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.049%Rate

Funding earned: −$100.99
Price spread: +0.049% → −0.004%: $5.28
Slippage, 4 orders: −$41.06
Fee Phemex: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$157.77
Costs to cover: 0.621%
Break-even: never at this rate

Slippage from Phemex: live order book, 6 min ago; edgeX: live order book, 45 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	13.60 bp	21.8 bp −$22	36.7 bp −$367	doesn't fit	doesn't fit
Sell edgeX live order book, 45 min ago	4.35 bp	8.9 bp −$9	15.0 bp −$150	doesn't fit	doesn't fit

ONDO on 38 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	−0.0362%	1h	0.4415	−0.015%	$2.6M	$8.1M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4415	−0.017%	$250K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4414	−0.048%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.442%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4415	−0.023%	$24K	$6K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4418	+0.045%	$673K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4417	+0.023%	$64.2M	$231.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4417	+0.023%	$70.0M	$125.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4418	+0.045%	$17.1M	$75.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4425	+0.195%	$72K	$89K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4414	−0.050%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4418	+0.045%	$11.6M	$16.4M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4420	+0.091%	$45.5M	$43.2M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4416	0.000%	$13.1M	$11.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4421	+0.113%	$25.1M	$40.4M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4421	+0.113%	—	$22.3M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4422	+0.131%	$770K	$1.8M	—	as long as short
edgeX ONDOUSDCshort	+0.0100%	4h	0.4418	+0.049%	$5K	$318K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4415	−0.022%	$419K	$976K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4423	+0.159%	$136K	$367K	50x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4416	+0.011%	$387K	$860K	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4416	+0.011%	$93K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4417	+0.023%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4418	+0.045%	$459	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4425	+0.204%	$129K	$512K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4416	0.000%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4417	+0.030%	$398K	$823K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4418	+0.044%	$38K	$13K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0124%	1h	0.4419	+0.072%	$202K	$1.0M	15x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0203%	1h	0.4416	0.000%	$23K	$349K	25x	as long as short
Hyperliquid ONDO	+0.0299%	1h	0.4424	+0.183%	$39.1M	$25.7M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4422	+0.136%	$284K	$746K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4425	+0.192%	$35K	$231K	10x	as long as short
01 Exchange ONDOUSD	+0.0352%	1h	0.4417	+0.034%	$364	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0550% / S −0.0190%	1h	0.4414	−0.052%	$487K	—	100x	as long as short
Phemex ONDOUSDTlong	+0.0581%	4h	0.4416	long leg	$4.2M	$7.4M	50x
Lighter ONDO	+0.0800%	1h	0.4424	+0.170%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1147%	1h	0.4415	−0.012%	$2K	—	20x	as long as short