ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0374%/8h= −41.0% APRnext payment −$0.47 per $10,000 · paid last 24h −0.054%

Price spread now: Phoenix against 01 Exchange−0.280%52s7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 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 against this trade now: funding costs −$11 a day on $10k at the current rate, and Phoenix is 0.280% cheaper against 01 Exchange than usual: you would sell low and buy high (−$28 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 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	01 Exchange ONDOUSD	0.4537	0.0392	pay 0.0049% / 1h	53m 36s	$373	$2K	10x
Short	Phoenix ONDO	0.4524	0.0018	get 0.0002% / 1h	53m 36s	$29K	$219K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against 01 Exchange. 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 01 ExchangebpFee PhoenixbpOrdersPrice spread, now −0.280%Rate

Funding earned: −$78.61
Price spread: −0.280% → 0.000%: −$27.99
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$120.6
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Phoenix: live order book, 24 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 24 min ago	1.10 bp	12.6 bp −$13	43.7 bp −$437	doesn't fit	doesn't fit

01 Exchange: 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 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	−0.0356%	1h	0.4516	−0.469%	$2.8M	$8.0M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4522	−0.331%	$19K	$364K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4521	−0.347%	$6K	—	150x	as long as short
Phoenix ONDOshort	+0.0018%	1h	0.4524	−0.280%	$29K	$219K	10x
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4521	−0.353%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4526	−0.242%	$425K	$682K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4523	−0.310%	$757K	$2.0M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4519	−0.402%	$66.5M	$220.2M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4519	−0.397%	$73.3M	$118.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4516	−0.463%	$17.6M	$79.8M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4542	+0.119%	$73K	$85K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4512	−0.540%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4516	−0.463%	$11.8M	$18.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4518	−0.419%	$47.3M	$43.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4519	−0.397%	$13.4M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4514	−0.507%	$25.5M	$41.2M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4513	−0.529%	—	$22.5M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4518	−0.425%	$195K	$972K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4531	−0.130%	$793K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4510	−0.602%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4525	−0.266%	$427K	$937K	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4527	−0.214%	$81K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4525	−0.264%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4521	−0.353%	$470	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4529	−0.176%	$130K	$508K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4518	−0.419%	$4.7M	$6.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4515	−0.483%	$6K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4514	−0.501%	$403K	$856K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4523	−0.298%	$44K	$8K	3x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4503	−0.749%	$1K	$181K	5.5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4538	+0.022%	$300K	$847K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4533	−0.088%	$3.2M	$3.1M	75x	as long as short
ApeX Omni ONDOUSDT	+0.0387%	1h	0.4526	−0.242%	$160K	$333K	50x	as long as short
01 Exchange ONDOUSDlong	+0.0392%	1h	0.4537	long leg	$373	$2K	10x
Lighter ONDO	+0.0512%	1h	0.4527	−0.223%	$1.4M	$2.1M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0590% / S −0.0191%	1h	0.4521	−0.363%	$544K	—	100x	as long as short
Hyperliquid ONDO	+0.0623%	1h	0.4523	−0.302%	$40.4M	$27.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1140%	1h	0.4526	−0.251%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1173%	1h	0.4520	−0.385%	$256K	$130K	5x	as long as short