ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h +0.025%

Price spread now: Deribit against ApeX Omni−0.116%74s7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as 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−$410.412% of the position

Long on ApeX Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 4 days (all we have)+0.132%+$13 · spread now −0.116%, 7d avg −0.021%

Together, before fees+0.142%+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.095% cheaper against ApeX Omni than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.021%). Swap the legs. The two prices were read 74 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	ApeX Omni ONDOUSDT	0.4313	0.0100	pay 0.0013% / 1h	48m 12s	$133K	$318K	50x
Short	Deribit ONDO_USDC-PERPETUAL	0.4308	0	get 0.0000% / 1h	48m 12s	$21K	$365K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against ApeX Omni. 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 ApeX OmnibpFee DeribitbpOrdersPrice spread, now −0.116%Rate

Funding earned: −$21
Price spread: −0.116% → −0.021%: −$9.5
Slippage, 4 orders: −$24.17
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$71.67
Costs to cover: 0.412%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 62 min ago; Deribit: live order book, 63 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 ApeX Omni live order book, 62 min ago	3.47 bp	8.8 bp −$9	20.7 bp −$207	doesn't fit	doesn't fit
Sell Deribit live order book, 63 min ago	4.62 bp	15.0 bp −$15	doesn't fit	doesn't fit	doesn't fit

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	−0.0326%	1h	0.4308	−0.111%	$2.5M	$7.1M	50x	as long as short
Deribit ONDO_USDC-PERPETUALshort	0.0000%	1h	0.4308	−0.116%	$21K	$365K	25x
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4307	−0.146%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.912%	$888	$215K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4314	+0.021%	$1.1M	$2.3M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4306	−0.162%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4308	−0.128%	$336K	$820K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4309	−0.082%	$767K	$2.9M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4309	−0.085%	$62.7M	$221.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4307	−0.139%	$67.3M	$116.5M	50x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4309	−0.093%	$17.3M	$66.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4309	−0.102%	$69K	$76K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4305	−0.175%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4310	−0.070%	$13.8M	$13.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4309	−0.093%	$45.9M	$40.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4306	−0.162%	$13.0M	$9.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4309	−0.093%	$25.1M	$33.3M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4308	−0.116%	—	$782K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4310	−0.072%	$179K	$988K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4307	−0.130%	$787K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4311	−0.040%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4322	+0.209%	$399K	$1.9M	10x	as long as short
ApeX Omni ONDOUSDTlong	+0.0100%	1h	0.4313	long leg	$133K	$318K	50x
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4309	−0.097%	$60K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4307	−0.139%	—	$1.3M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4309	−0.093%	$2K	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4313	0.000%	$105K	$478K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4309	−0.093%	$4.2M	$8.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4305	−0.180%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4307	−0.143%	$350K	$782K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4308	−0.127%	$37K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0128%	1h	0.4306	−0.158%	$354	$2K	10x	as long as short
Hyperliquid ONDO	+0.0158%	1h	0.4313	−0.012%	$36.2M	$26.7M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0182% / S +0.0252%	1h	0.4308	−0.115%	$363K	—	100x	as long as short
Phoenix ONDO	+0.0221%	1h	0.4316	+0.060%	$35K	$208K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4300	−0.301%	$213K	$606K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4307	−0.139%	$3.2M	$2.9M	75x	as long as short
Reya ONDORUSDPERP	+0.1166%	1h	0.4311	−0.055%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3780%	1h	0.4305	−0.188%	$246K	$159K	5x	as long as short