ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0067%/8h= +7.4% APRnext payment +$0.08 per $10,000 · paid last 24h +0.029%

Price spread now: Phoenix against SoDEX+0.105%50s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.105% dearer against SoDEX than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). 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	SoDEX ONDO-USD	0.4285	0.0100	pay 0.0013% / 1h	51m 32s	$445	$17K	10x
Short	Phoenix ONDO	0.4289	0.0167	get 0.0021% / 1h	51m 32s	$34K	$204K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against SoDEX. 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 SoDEXbpFee PhoenixbpOrdersPrice spread, now +0.105%Rate

Funding earned: $14.12
Price spread: +0.105% → 0.000%: $10.5
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $9.63
Costs to cover: 0.150%
Break-even: 2.2 days

Slippage unknown: SoDEX: no order-book sample; Phoenix: live order book, 49 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 SoDEX no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 49 min ago	0.93 bp	12.6 bp −$13	43.7 bp −$437	doesn't fit	doesn't fit

SoDEX: 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 exchanges

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	−0.0260%	1h	0.4286	+0.021%	$2.5M	$6.7M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4287	+0.047%	$21K	$354K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4286	+0.013%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+6.604%	$888	$214K	5.5x	as long as short
Bybit ONDOUSDT	+0.0062%	4h	0.4283	−0.047%	$66.7M	$112.5M	50x	as long as short
Lighter ONDO	+0.0096%	1h	0.4290	+0.126%	$1.0M	$2.1M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4284	−0.023%	$23K	$7K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4284	−0.012%	$328K	$815K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4288	+0.059%	$36.1M	$26.2M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4288	+0.059%	$763K	$2.8M	20x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ONDOUSDT	+0.0100%	4h	0.4286	+0.017%	$61.8M	$211.5M	75x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4283	−0.047%	$17.1M	$65.1M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4280	−0.119%	$68K	$65K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4284	−0.021%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4284	−0.023%	$14.0M	$12.8M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4286	+0.023%	$43.9M	$39.2M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4286	+0.023%	$12.9M	$9.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4286	+0.023%	$24.8M	$30.6M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4284	−0.023%	—	$782K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4286	+0.023%	$180K	$975K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4291	+0.148%	$614K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4293	+0.191%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4294	+0.210%	$395K	$2.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4294	+0.210%	$85K	$350K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4286	+0.019%	$52K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4284	−0.023%	—	$1.2M	20x	as long as short
SoDEX ONDO-USDlong	+0.0100%	1h	0.4285	long leg	$445	$17K	10x
HTX ONDO-USDT	+0.0100%	4h	0.4295	+0.233%	$105K	$439K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4286	+0.023%	$4.1M	$8.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4284	−0.018%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4283	−0.057%	$348K	$760K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4287	+0.047%	$37K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0120%	1h	0.4286	+0.030%	$353	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0162% / S +0.0061%	1h	0.4285	+0.009%	$271K	—	100x	as long as short
Phoenix ONDOshort	+0.0167%	1h	0.4289	+0.105%	$34K	$204K	10x
Coinbase International ONDO-PERP-INTX	+0.0240%	1h	0.4305	+0.467%	$212K	$549K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4287	+0.047%	$3.2M	$2.9M	75x	as long as short
Reya ONDORUSDPERP	+0.1168%	1h	0.4283	−0.040%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3931%	1h	0.4288	+0.066%	$245K	$159K	5x	as long as short