ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= +0.1% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: Bybit against Orderly−0.091%50s7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.091% cheaper against Orderly than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 50 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	Orderly PERP_ONDO_USDC	0.4385	0.0100	pay 0.0050% / 4h	20m 37s	$24K	$6K	10x
Short	Bybit ONDOUSDT	0.4381	0.0100	get 0.0050% / 4h	20m 37s	$67.7M	$126.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Orderly. 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 OrderlybpFee BybitbpOrdersPrice spread, now −0.091%Rate

Funding earned: $0.1
Price spread: −0.091% → 0.000%: −$9.12
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$26.02
Costs to cover: 0.170%
Break-even: 1814.0 days

Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 3 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 Orderly no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	1.14 bp	8.6 bp −$9	17.4 bp −$174	63.2 bp −$6,323	doesn't fit

Orderly: 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
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4385	−0.003%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4385	+0.003%	$2.6M	$7.8M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.173%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4390	+0.112%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDClong	+0.0100%	4h	0.4385	long leg	$24K	$6K	10x
Nado ONDO-PERP	+0.0100%	1h	0.4383	−0.051%	$362K	$855K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4390	+0.123%	$37.6M	$24.7M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4384	−0.023%	$63.3M	$230.6M	75x	as long as short
Bybit ONDOUSDTshort	+0.0100%	4h	0.4381	−0.091%	$67.7M	$126.0M	50x
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4383	−0.046%	$17.1M	$73.1M	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	0.4398	+0.287%	$72K	$85K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4382	−0.061%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4383	−0.046%	$11.6M	$16.4M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4383	−0.046%	$44.2M	$42.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4384	−0.023%	$12.7M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4384	−0.023%	$25.1M	$39.8M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4384	−0.023%	—	$763K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4387	+0.039%	$187K	$977K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4384	−0.030%	$711K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4388	+0.071%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4390	+0.114%	$411K	$1.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4392	+0.160%	$135K	$355K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4389	+0.080%	$69K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4388	+0.068%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4387	+0.046%	$456	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4395	+0.228%	$127K	$430K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4386	+0.023%	$4.2M	$7.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4382	−0.068%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4383	−0.049%	$395K	$798K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4390	+0.103%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0208%	1h	0.4383	−0.052%	$361	$2K	10x	as long as short
Aster ONDOUSDT	+0.0223%	4h	0.4387	+0.046%	$758K	$2.5M	20x	as long as short
dYdX ONDO-USD	+0.0303%	1h	0.4384	−0.019%	$248K	$129K	5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4404	+0.433%	$272K	$730K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4387	+0.046%	$3.1M	$3.0M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4392	+0.151%	$35K	$223K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0434%	1h	0.4388	+0.068%	$18K	$367K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0607% / S −0.0219%	1h	0.4385	−0.003%	$521K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1152%	1h	0.4387	+0.056%	$2K	—	20x	as long as short