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Funding arb /

ONDO

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Funding spread now, next payment 14:00 UTC+0.0065%/8h
paid, last 24h−0.014%paid, last 7 days+0.038%to open and close $10k−$44
Long on PhoenixShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix ONDO0.44850.0035pay 0.0004% / 1h47m 39s$27K$206K10x
ShortBybit ONDOUSDT0.44710.0100get 0.0050% / 4h1h 47m$68.6M$111.6M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$13.58
Slippage, 4 orders
−$25.59
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$30.01
Break-even
22.5 days
Slippage from Phoenix: live order book, 67 min ago; Bybit: live order book, 3 min ago.

Price risk

price view
Price gap now
−0.312%
Avg gap 7d
−0.116%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix live order book, 67 min ago1.10 bp12.6 bp −$1351.2 bp −$512doesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago1.11 bp8.6 bp −$914.9 bp −$14958.7 bp −$5,871doesn't fit

ONDO on 37 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate ONDO_USDT−0.0044%4h$11.7M$19.1M50xas long as short
Deribit ONDO_USDC-PERPETUAL0.0000%1h$36K$237K25xas long as short
gTrade (Gains Network) ONDO/USDL +0.0003% / S −0.0007%1h$7K—150xas long as short
Phoenix ONDOlong+0.0035%1h$27K$206K10x
Orderly PERP_ONDO_USDC+0.0094%4h$25K$6K10xas long as short
Nado ONDO-PERP+0.0100%1h$455K$514K10xas long as short
Aster ONDOUSDT+0.0100%4h$693K$1.5M20xas long as short
Binance ONDOUSDT+0.0100%4h$66.8M$215.1M75xas long as short
Bybit ONDOUSDTshort+0.0100%4h$68.6M$111.6M50x
OKX ONDO-USDT-SWAP+0.0100%4h$18.1M$79.0M50xas long as short
Show all 37 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Ondo Perps ONDO-USD.P+0.0100%1h$74K$101K10xas long as short
RISEx ONDO/USDC+0.0100%1h——5xas long as short
MEXC ONDO_USDT+0.0100%4h$48.8M$44.0M200xas long as short
KuCoin ONDOUSDTM+0.0100%4h$14.0M$10.2M50xas long as short
Bitget ONDOUSDT+0.0100%4h$25.0M$42.4M50xas long as short
BingX ONDO-USDC+0.0100%4h—$764K—as long as short
Backpack ONDO_USDC_PERP+0.0100%1h$294K$613K15xas long as short
Variational Omni ONDO+0.0100%4h$855K$1.9M—as long as short
edgeX ONDOUSDC+0.0100%4h$4K$316K20xas long as short
ApeX Omni ONDOUSDT+0.0100%1h$182K$340K50xas long as short
Polymarket Perps ONDO-USD+0.0100%1h$86K$954K10xas long as short
SunX ONDO-USDT+0.0100%4h—$1.3M20xas long as short
SoDEX ONDO-USD+0.0100%1h$2K$8K10xas long as short
HTX ONDO-USDT+0.0100%4h$128K$618K50xas long as short
Phemex ONDOUSDT+0.0100%4h$4.9M$4.6M50xas long as short
Paradex ONDO-USD-PERP+0.0100%8h$6K$910xas long as short
Extended ONDO-USD+0.0104%1h$414K$1.1M25xas long as short
Aevo ONDO-PERP+0.0104%1h$35K—3xas long as short
BloFin ONDO-USDT+0.0340%4h$3.4M$3.4M75xas long as short
Hyperliquid ONDO+0.0388%1h$42.0M$27.0M10xas long as short
Lighter ONDO+0.0480%1h$1.2M$1.9M10xas long as short
Coinbase International ONDO-PERP-INTX+0.0488%1h$363K$793K50xas long as short
GMX ONDO/USD [ETH-USDC]L +0.0572% / S −0.0190%1h$511K—100xas long as short
Injective ONDO/USDC PERP+0.0824%1h$1K$88K5.5xas long as short
Kraken Futures PF_ONDOUSD+0.0904%1h$3.5M$4.9M50xas long as short
Reya ONDORUSDPERP+0.1123%1h$2K—20xas long as short
dYdX ONDO-USD+0.2516%1h$159K$11K5xas long as short