Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG0.5056−0.0095get 0.0012% / 1h0m 53s$43K$213K10xLong Phoenix
SHORT0.5038+0.0096get 0.0012% / 1h0m 53s$62K$404K20xShort Popdex
Price gap−0.354%
Funding gap+0.0191% /8h

Funding pays +$6 a day on $10k, but the gap is 0.268% under its 7d average: −$27 if it goes back, about 4.7 days of funding. At the last 7 days' pace that is about years.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding$0+0.0191% /8h now · paid +0.001% over the last 7D
Price−$27spread −0.354% now, avg −0.086% → −0.268% if it goes back
Costs−$680.680% of $10k · taker + slippage, in and out

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.001% in total, about 0.0000%/8h on average.

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.354%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

ONDO on 41 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • Watch: Thin at this size19.7 / 15.0 bp
    At $10k entering Phoenix costs 19.7 bp, fee and slippage, 1.3× Popdex’s.
  • Note: Margin at max leverage$1,000 + $500
    Phoenix 10x, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$5.74Long Phoenix: 24 payments, +$2.86; short Popdex: 24 payments, +$2.88.
  • Watch: Gap narrower than usual−0.354% vs −0.086%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Long leg is thinner$43K vs $62K OI
    Phoenix sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • OK: No KYC on either legPhoenix No · Popdex No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned0.0000%/8h × 21 periods+$0.07
Price spread−0.354% → −0.086% (7d avg)−$26.76
Slippage, 4 orderslive order books−$54.59
Fee Phoenix bp × 2 orders−$7.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$94.68
Costs to cover0.680%Break-even9663.8 days
Slippage: Phoenix: live order book, 11 min ago; Popdex: live order book, 19 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGPhoenix2.9619.7 bp−$2068.8 bp−$688doesn’t fitdoesn’t fit
SELL · SHORTPopdex0.9915.0 bp−$15168.4 bp−$1,684doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

ONDO news

posts that mention ONDO, from every exchangeSearch all news →
09-30 18:57OKXOtherAnother X Drops Club just dropped in Europe. Trade the featured tokens like SOL, ZEC, NEAR, ENA, SUI, ONDO, CT, HBAR, AVAX, and XLM for a share of 1.5M , with CT trades boosted 3×. Make this round count. @okx on X ↗
09-30 10:22BulletListingBy popular demand, $ONDO perps are now live on Bullet. 24/7. Up to 10x leverage. On @solana - at the speed of light. @Bulletxyz on X ↗
09-30 07:30BulletListingnew market ONDO-USD ($ONDO) seen by our collector
09-30 01:05ReyaListingONDORUSDPERP no longer reported ($ONDO) seen by our collector
09-24 20:07OKXProductNew X Drops Club is live in Europe. Trade $SOL, $ZEC, $NEAR, $ENA, $SUI, $ONDO, $CARDS, $AVAX, $ZAMA or $RENDER for a share of 1,200 $OKB, worth around $150K. Pick your market. Chase the drop. @okx on X ↗
09-24 19:59OKXProductNew X Drops Club is live in Europe. Trade $SOL, $ZEC, $NEAR, $ENA, $SUI, $ONDO, $CARDS, $AVAX, $ZAMA or $RENDER for a share of 1,125 $OKB, worth around $150K. Pick your market. Chase the drop. @okx on X ↗