ONDO

Alert: funding

Alert: spread

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

Price spread now: BloFin against SunX+0.130%55s7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1551.546% of the position

Long on SunX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.399%+$40 on $10k

Price spread, last 3 days (all we have)−0.055%−$5 · spread now +0.130%, 7d avg +0.042%

Together, before fees+0.345%+$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.088% dearer against SunX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.042%. The two prices were read 55 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	SunX ONDO-USDT	0.4598	0.0100	pay 0.0050% / 4h	53m 27s	—	$1.4M	20x
Short	BloFin ONDO-USDT	0.4604	0.0340	get 0.0170% / 4h	53m 27s	$3.3M	$3.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against SunX. 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 SunXbpFee BloFinbpOrdersPrice spread, now +0.130%Rate

Funding earned: $50.4
Price spread: +0.130% → +0.042%: $8.8
Slippage, 4 orders: −$134.57
Fee SunX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$95.36
Costs to cover: 1.546%
Break-even: 20.2 days

Slippage from SunX: live order book, 11 min ago; BloFin: live order book, 5 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 SunX live order book, 11 min ago	46.88 bp	66.1 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	3.27 bp	12.4 bp −$12	16.7 bp −$167	39.2 bp −$3,917	doesn't fit

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	−0.0794%	1h	0.4594	−0.081%	$2.9M	$8.0M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	−0.652%	$888	$216K	5.5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4590	−0.168%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4595	−0.065%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4595	−0.065%	$433K	$706K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4596	−0.043%	$726K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4597	−0.027%	$68.6M	$227.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4595	−0.065%	$74.6M	$122.7M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4595	−0.065%	$17.9M	$81.7M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4591	−0.148%	$75K	$89K	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	0.4594	−0.095%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4592	−0.130%	$12.1M	$18.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4593	−0.109%	$49.5M	$43.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4594	−0.087%	$13.9M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4594	−0.087%	$26.1M	$41.5M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4595	−0.065%	—	$22.2M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4601	+0.063%	$790K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4603	+0.115%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4595	−0.062%	$424K	$947K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4590	−0.174%	$174K	$312K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4597	−0.011%	$70K	$1.2M	10x	as long as short
SunX ONDO-USDTlong	+0.0100%	4h	0.4598	long leg	—	$1.4M	20x
SoDEX ONDO-USD	+0.0100%	1h	0.4595	−0.065%	$478	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4605	+0.152%	$134K	$505K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4594	−0.087%	$4.8M	$6.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4592	−0.120%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4594	−0.090%	$411K	$846K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4595	−0.066%	$45K	$8K	3x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4593	−0.115%	$38K	$257K	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0269%	1h	0.4597	−0.026%	$232K	$1.0M	15x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4599	+0.022%	$302K	$861K	50x	as long as short
BloFin ONDO-USDTshort	+0.0340%	4h	0.4604	+0.130%	$3.3M	$3.2M	75x
Hyperliquid ONDO	+0.0365%	1h	0.4600	+0.037%	$40.8M	$26.8M	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0403%	1h	0.4597	−0.022%	$36K	$436K	25x	as long as short
01 Exchange ONDOUSD	+0.0512%	1h	0.4598	+0.004%	$378	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0589% / S −0.0188%	1h	0.4595	−0.063%	$549K	—	100x	as long as short
Lighter ONDO	+0.1064%	1h	0.4604	+0.124%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1142%	1h	0.4594	−0.080%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.6487%	1h	0.4590	−0.165%	$260K	$129K	5x	as long as short