ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%

Price spread now: MEXC against BloFin−0.092%49s7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as 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−$210.214% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.466%−$47 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.092%, 7d avg −0.028%

Together, before fees−0.395%−$39 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and MEXC is 0.064% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.028%). Swap the legs. The two prices were read 49 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	BloFin ONDO-USDT	0.4327	0.0340	pay 0.0170% / 4h	50m 28s	$3.2M	$3.2M	75x
Short	MEXC ONDO_USDT	0.4323	0.0100	get 0.0050% / 4h	50m 28s	$43.7M	$41.9M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.092%Rate

Funding earned: −$50.4
Price spread: −0.092% → −0.028%: −$6.44
Slippage, 4 orders: −$9.38
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$78.22
Costs to cover: 0.214%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; MEXC: 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	1.16 bp	11.1 bp −$11	15.0 bp −$150	30.3 bp −$3,033	doesn't fit
Sell MEXC live order book, 3 min ago	1.16 bp	2.0 bp −$2	5.5 bp −$55	15.5 bp −$1,553	87.7 bp −$43.8K

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	−0.0176%	1h	0.4323	−0.097%	$2.5M	$7.7M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4325	−0.046%	$18K	$351K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4326	−0.019%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.570%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4326	−0.018%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4322	−0.121%	$347K	$887K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4323	−0.089%	$775K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4322	−0.112%	$62.6M	$233.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4321	−0.139%	$67.9M	$122.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4323	−0.092%	$17.3M	$71.8M	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	0.4319	−0.192%	$71K	$81K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4322	−0.121%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4322	−0.116%	$12.7M	$15.8M	50x	as long as short
MEXC ONDO_USDTshort	+0.0100%	4h	0.4323	−0.092%	$43.7M	$41.9M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4323	−0.092%	$12.0M	$10.4M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4323	−0.092%	$24.7M	$36.7M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4322	−0.116%	—	$769K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4325	−0.037%	$177K	$993K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4322	−0.112%	$734K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4320	−0.166%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4326	−0.015%	$398K	$1.5M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4319	−0.185%	$132K	$339K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4324	−0.079%	$61K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4324	−0.069%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4326	−0.023%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4325	−0.046%	$450	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4332	+0.116%	$129K	$395K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4325	−0.046%	$4.2M	$8.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4321	−0.146%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4321	−0.131%	$356K	$810K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4327	+0.010%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0232%	1h	0.4324	−0.081%	$356	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4328	+0.023%	$214K	$731K	50x	as long as short
Hyperliquid ONDO	+0.0297%	1h	0.4326	−0.016%	$36.4M	$27.1M	10x	as long as short
Phoenix ONDO	+0.0315%	1h	0.4327	−0.007%	$35K	$221K	10x	as long as short
BloFin ONDO-USDTlong	+0.0340%	4h	0.4327	long leg	$3.2M	$3.2M	75x
GMX ONDO/USD [ETH-USDC]	L +0.0573% / S −0.0203%	1h	0.4323	−0.101%	$494K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1159%	1h	0.4323	−0.094%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1535%	1h	0.4328	+0.027%	$243K	$156K	5x	as long as short