ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0168%/8h= −18.4% APRnext payment −$0.21 per $10,000 · paid last 24h −0.007%

Price spread now: Aevo against Phoenix−0.311%66s7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on Aevo

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

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Aevo is 0.311% cheaper against Phoenix than usual: you would sell low and buy high (−$31 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 66 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	Phoenix ONDO	0.4404	0.0272	pay 0.0034% / 1h	5m 56s	$35K	$225K	10x
Short	Aevo ONDO-PERP	0.4390	0.0104	get 0.0013% / 1h	5m 56s	$38K	$13K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phoenix. 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 PhoenixbpFee AevobpOrdersPrice spread, now −0.311%Rate

Funding earned: −$35.27
Price spread: −0.311% → 0.000%: −$31.06
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$89.33
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 51 min ago; Aevo: no order-book sample. 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 Phoenix live order book, 51 min ago	0.90 bp	12.5 bp −$12	50.8 bp −$508	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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
dYdX ONDO-USD	+0.0001%	1h	0.4389	−0.339%	$248K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4386	−0.402%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.722%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4387	−0.380%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4387	−0.388%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4387	−0.388%	$370K	$837K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4386	−0.411%	$63.7M	$226.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4385	−0.434%	$69.6M	$123.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4386	−0.411%	$17.0M	$71.4M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4383	−0.472%	$72K	$84K	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	0.4386	−0.417%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4384	−0.456%	$11.6M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4386	−0.411%	$47.4M	$41.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4386	−0.411%	$12.9M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4385	−0.434%	$25.1M	$39.4M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4386	−0.411%	—	$21.7M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4386	−0.419%	$711K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4403	−0.016%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4402	−0.048%	$407K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4400	−0.093%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4389	−0.352%	$63K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4389	−0.343%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4390	−0.320%	$456	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4399	−0.116%	$129K	$473K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4390	−0.320%	$4.2M	$7.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4388	−0.361%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4386	−0.420%	$396K	$793K	25x	as long as short
Aevo ONDO-PERPshort	+0.0104%	1h	0.4390	−0.311%	$38K	$13K	3x
Hyperliquid ONDO	+0.0130%	1h	0.4390	−0.320%	$38.1M	$24.2M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0172%	1h	0.4388	−0.359%	$190K	$979K	15x	as long as short
Aster ONDOUSDT	+0.0190%	4h	0.4391	−0.302%	$733K	$2.3M	20x	as long as short
Phoenix ONDOlong	+0.0272%	1h	0.4404	long leg	$35K	$225K	10x
BloFin ONDO-USDT	+0.0340%	4h	0.4389	−0.343%	$3.1M	$3.0M	75x	as long as short
01 Exchange ONDOUSD	+0.0360%	1h	0.4389	−0.352%	$361	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4422	+0.406%	$281K	$719K	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0434%	1h	0.4389	−0.343%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0550% / S −0.0190%	1h	0.4386	−0.405%	$484K	—	100x	as long as short
Lighter ONDO	+0.0856%	1h	0.4397	−0.163%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1150%	1h	0.4388	−0.362%	$2K	—	20x	as long as short