ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against Bybit+0.046%52s7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs+$9as 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−$380.383% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.472%+$47 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.046%, 7d avg +0.059%

Together, before fees+0.476%+$48 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.059%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. 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	Bybit ONDOUSDT	0.4305	0.0100	pay 0.0050% / 4h	1h 48m	$67.3M	$116.4M	50x
Short	BloFin ONDO-USDT	0.4307	0.0340	get 0.0170% / 4h	1h 48m	$3.2M	$2.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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 BybitbpFee BloFinbpOrdersPrice spread, now +0.046%Rate

Funding earned: $50.4
Price spread: +0.046% → +0.059%: −$1.21
Slippage, 4 orders: −$15.32
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: $10.87
Costs to cover: 0.383%
Break-even: 5.5 days

Slippage from Bybit: live order book, 4 min ago; BloFin: 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 Bybit live order book, 4 min ago	1.16 bp	9.0 bp −$9	13.9 bp −$139	47.2 bp −$4,720	doesn't fit
Sell BloFin live order book, 3 min ago	1.16 bp	13.0 bp −$13	15.7 bp −$157	37.9 bp −$3,790	109.8 bp −$54.9K

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	+0.075%	$2.5M	$7.1M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4308	+0.070%	$21K	$365K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4322	+0.384%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+6.109%	$888	$215K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4311	+0.144%	$1.1M	$2.3M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4306	+0.023%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4308	+0.058%	$336K	$820K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4309	+0.084%	$767K	$2.9M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4307	+0.050%	$62.7M	$221.9M	75x	as long as short
Bybit ONDOUSDTlong	+0.0100%	4h	0.4305	long leg	$67.3M	$116.4M	50x

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	0.4308	+0.070%	$17.2M	$66.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4309	+0.084%	$69K	$76K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4305	+0.010%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4305	0.000%	$13.7M	$13.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4308	+0.070%	$46.0M	$40.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4306	+0.023%	$13.0M	$9.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4307	+0.046%	$25.1M	$33.3M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4306	+0.023%	—	$23.0M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4310	+0.116%	$179K	$988K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4307	+0.056%	$787K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4311	+0.146%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4322	+0.395%	$399K	$1.9M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4313	+0.186%	$133K	$318K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4309	+0.088%	$60K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4307	+0.046%	—	$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	0.4319	+0.325%	$105K	$478K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4312	+0.163%	$4.2M	$8.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4305	+0.006%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4307	+0.042%	$350K	$782K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4308	+0.059%	$37K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0128%	1h	0.4306	+0.028%	$354	$2K	10x	as long as short
Hyperliquid ONDO	+0.0162%	1h	0.4310	+0.107%	$36.1M	$26.7M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0184% / S +0.0251%	1h	0.4315	+0.231%	$364K	—	100x	as long as short
Phoenix ONDO	+0.0221%	1h	0.4316	+0.246%	$35K	$208K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4300	−0.116%	$213K	$606K	50x	as long as short
BloFin ONDO-USDTshort	+0.0340%	4h	0.4307	+0.046%	$3.2M	$2.9M	75x
Reya ONDORUSDPERP	+0.1166%	1h	0.4311	+0.131%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3780%	1h	0.4305	−0.003%	$246K	$159K	5x	as long as short