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: BloFin against Phemex+0.068%59s7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs+$3as 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−$570.574% of the position

Long on Phemex Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.600%+$60 on $10k

Price spread, last 4 days (all we have)+0.184%+$18 · spread now +0.068%, 7d avg +0.026%

Together, before fees+0.785%+$78 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.042% dearer against Phemex than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.026%. The two prices were read 59 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	Phemex ONDOUSDT	0.4414	0.0100	pay 0.0050% / 4h	1h 27m	$4.2M	$7.6M	50x
Short	BloFin ONDO-USDT	0.4417	0.0340	get 0.0170% / 4h	1h 27m	$3.1M	$3.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Phemex. 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 PhemexbpFee BloFinbpOrdersPrice spread, now +0.068%Rate

Funding earned: $50.4
Price spread: +0.068% → +0.026%: $4.23
Slippage, 4 orders: −$33.43
Fee Phemex: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$2.8
Costs to cover: 0.574%
Break-even: 7.4 days

Slippage from Phemex: live order book, 6 min ago; BloFin: live order book, 6 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 Phemex live order book, 6 min ago	5.65 bp	18.9 bp −$19	28.5 bp −$285	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	3.39 bp	9.4 bp −$9	16.8 bp −$168	43.7 bp −$4,369	128.7 bp −$64.4K

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
dYdX ONDO-USD	+0.0002%	1h	0.4413	−0.025%	$250K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4413	−0.027%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.489%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4411	−0.075%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4411	−0.068%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4415	+0.034%	$374K	$837K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4409	−0.113%	$63.9M	$226.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4407	−0.159%	$69.7M	$122.9M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4411	−0.068%	$17.0M	$72.0M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4422	+0.174%	$72K	$87K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4412	−0.043%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4409	−0.113%	$11.6M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4408	−0.136%	$46.6M	$41.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4408	−0.136%	$12.9M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4409	−0.113%	$25.2M	$39.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4408	−0.136%	—	$21.8M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4427	+0.285%	$717K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4421	+0.161%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4435	+0.477%	$415K	$992K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4427	+0.295%	$136K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4416	+0.045%	$70K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4416	+0.045%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4413	−0.023%	$459	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4421	+0.159%	$130K	$473K	50x	as long as short
Phemex ONDOUSDTlong	+0.0100%	4h	0.4414	long leg	$4.2M	$7.6M	50x
Extended ONDO-USD	+0.0104%	1h	0.4408	−0.129%	$398K	$790K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4414	0.000%	$38K	$13K	3x	as long as short
Paradex ONDO-USD-PERP	+0.0106%	8h	0.4414	+0.004%	$6K	—	10x	as long as short
Aster ONDOUSDT	+0.0165%	4h	0.4413	−0.018%	$711K	$2.3M	20x	as long as short
Hyperliquid ONDO	+0.0188%	1h	0.4412	−0.048%	$38.3M	$24.5M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0208%	1h	0.4411	−0.063%	$191K	$980K	15x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4433	+0.430%	$35K	$225K	10x	as long as short
BloFin ONDO-USDTshort	+0.0340%	4h	0.4417	+0.068%	$3.1M	$3.1M	75x
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4419	+0.113%	$284K	$705K	50x	as long as short
01 Exchange ONDOUSD	+0.0368%	1h	0.4414	0.000%	$363	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0430%	1h	0.4413	−0.023%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0552% / S −0.0190%	1h	0.4414	−0.004%	$487K	—	100x	as long as short
Lighter ONDO	+0.0840%	1h	0.4416	+0.052%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1149%	1h	0.4416	+0.035%	$2K	—	20x	as long as short