ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%

Price spread now: Bitget against BloFin+0.174%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$480.482% of the position

Long on BloFin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.471%−$47 on $10k

Price spread, last 3 days (all we have)−0.164%−$16 · spread now +0.174%, 7d avg −0.035%

Together, before fees−0.636%−$64 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.209% dearer against BloFin than usual: you sell high and buy low (spread +0.174% now, against its 7-day average of −0.035%): +$21 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ONDO-USDT	0.4594	0.0340	pay 0.0170% / 4h	3h 30m	$3.3M	$3.0M	75x
Short	Bitget ONDOUSDT	0.4602	0.0100	get 0.0050% / 4h	3h 30m	$26.1M	$39.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. 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 BloFinbpFee BitgetbpOrdersPrice spread, now +0.174%Rate

Funding earned: −$50.4
Price spread: +0.174% → −0.035%: $20.88
Slippage, 4 orders: −$24.24
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$77.75
Costs to cover: 0.482%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Bitget: live order book, 3 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 BloFin live order book, 3 min ago	2.17 bp	8.2 bp −$8	13.5 bp −$135	48.7 bp −$4,870	doesn't fit
Sell Bitget live order book, 3 min ago	2.16 bp	12.5 bp −$13	19.8 bp −$198	72.8 bp −$7,276	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	−0.0868%	1h	0.4600	+0.141%	$2.8M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4600	+0.139%	$260K	$131K	5x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4600	+0.131%	$34K	$363K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4598	+0.090%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−0.566%	$888	$216K	5.5x	as long as short
Phemex ONDOUSDT	+0.0068%	4h	0.4601	+0.152%	$4.6M	$7.1M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4598	+0.087%	$25K	$6K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4605	+0.246%	$727K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4602	+0.166%	$68.9M	$224.2M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4600	+0.131%	$74.4M	$120.2M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4601	+0.152%	$17.6M	$79.1M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4613	+0.418%	$73K	$92K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4609	+0.328%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4603	+0.196%	$12.1M	$16.7M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4601	+0.152%	$49.9M	$41.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4600	+0.131%	$14.2M	$10.9M	50x	as long as short
Bitget ONDOUSDTshort	+0.0100%	4h	0.4602	+0.174%	$26.1M	$39.5M	50x
BingX ONDO-USDC	+0.0100%	4h	0.4601	+0.152%	—	$744K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4604	+0.220%	$231K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4597	+0.061%	$817K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4629	+0.765%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4631	+0.807%	$429K	$959K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4611	+0.370%	$172K	$349K	50x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4603	+0.196%	$432K	$710K	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4607	+0.294%	$74K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4606	+0.261%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4601	+0.152%	$478	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4604	+0.218%	$135K	$492K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4600	+0.136%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4603	+0.202%	$417K	$842K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4603	+0.207%	$40K	$13K	3x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4636	+0.912%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0272%	1h	0.4609	+0.335%	$379	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4631	+0.805%	$300K	$829K	50x	as long as short
Hyperliquid ONDO	+0.0281%	1h	0.4610	+0.337%	$41.0M	$25.5M	10x	as long as short
BloFin ONDO-USDTlong	+0.0340%	4h	0.4594	long leg	$3.3M	$3.0M	75x
GMX ONDO/USD [ETH-USDC]	L +0.0592% / S −0.0188%	1h	0.4597	+0.073%	$550K	—	100x	as long as short
Lighter ONDO	+0.0592%	1h	0.4609	+0.331%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1145%	1h	0.4602	+0.164%	$2K	—	20x	as long as short