Funding you earn now, next payment 07:00 UTC−0.0211%/8h= −23.1% APRnext payment −$0.26 per $10,000 · paid last 24h −0.019%
Price spread now: Extended against Phoenix−0.114%88s7-day average −0.128% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as 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−$370.372% of the position
Funding, last 7 days+0.089%+$9 on $10k
+Price spread, last 4 days (all we have)−0.764%−$76 · spread now −0.114%, 7d avg −0.128%
=Together, before fees−0.675%+ Points / potential airdropExtended: Active · farm board−$68 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.128%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.089%, so the current rate has only just turned against you. The two prices were read 88 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.089% in total (about 4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ONDO | 0.4317 | 0.0315 | pay 0.0039% / 1h | 15m 50s | $35K | $221K | 10x |
| Short | Extended ONDO-USD | 0.4312 | 0.0104 | get 0.0013% / 1h | 15m 50s | $355K | $809K | 25x |
Phoenix ONDO
Extended ONDO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$44.29
- Price spread: −0.114% → −0.128%
- $1.42
- Slippage, 4 orders
- −$25.16
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$80.02
- Costs to cover
- 0.372%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 16 min ago; Extended: live order book, 22 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 Phoenix live order book, 16 min ago | 0.93 bp | 12.6 bp −$13 | 51.4 bp −$514 | doesn't fit | doesn't fit |
| Sell Extended live order book, 22 min ago | 3.47 bp | 6.0 bp −$6 | 16.1 bp −$161 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ONDOUSD | −0.0176% | 1h | 0.4312 | −0.128% | $2.5M | $7.8M | 50x | as long as short |
| gTrade (Gains Network) ONDO/USD | L +0.0003% / S −0.0011% | 1h | 0.4314 | −0.080% | $7K | — | 150x | as long as short |
| Injective ONDO/USDC PERP | +0.0033% | 1h | 0.4568 | +5.804% | $888 | $216K | 5.5x | as long as short |
| Lighter ONDO | +0.0096% | 1h | 0.4318 | +0.016% | $1.1M | $2.3M | 10x | as long as short |
| Nado ONDO-PERP | +0.0100% | 1h | 0.4317 | −0.003% | $345K | $886K | 10x | as long as short |
| Aster ONDOUSDT | +0.0100% | 4h | 0.4316 | −0.036% | $755K | $2.8M | 20x | as long as short |
| Binance ONDOUSDT | +0.0100% | 4h | 0.4313 | −0.091% | $62.8M | $234.0M | 75x | as long as short |
| Bybit ONDOUSDT | +0.0100% | 4h | 0.4313 | −0.102% | $67.9M | $122.2M | 50x | as long as short |
| OKX ONDO-USDT-SWAP | +0.0100% | 4h | 0.4315 | −0.056% | $17.3M | $71.7M | 50x | as long as short |
| Ondo Perps ONDO-USD.P | +0.0100% | 1h | 0.4305 | −0.292% | $71K | $80K | 10x | as long as short |
Kraken Futures PF_ONDOUSD
gTrade (Gains Network) ONDO/USD
Injective ONDO/USDC PERP
Lighter ONDO
Nado ONDO-PERP
Aster ONDOUSDT
Binance ONDOUSDT
Bybit ONDOUSDT
OKX ONDO-USDT-SWAP
Ondo Perps ONDO-USD.PShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| RISEx ONDO/USDC | +0.0100% | 1h | 0.4316 | −0.033% | — | — | 5x | as long as short |
| Gate ONDO_USDT | +0.0100% | 4h | 0.4313 | −0.102% | $12.9M | $15.9M | 50x | as long as short |
| MEXC ONDO_USDT | +0.0100% | 4h | 0.4312 | −0.125% | $43.9M | $42.5M | 200x | as long as short |
| KuCoin ONDOUSDTM | +0.0100% | 4h | 0.4313 | −0.102% | $12.1M | $10.4M | 50x | as long as short |
| Bitget ONDOUSDT | +0.0100% | 4h | 0.4313 | −0.102% | $24.6M | $36.7M | 50x | as long as short |
| BingX ONDO-USDT | +0.0100% | 4h | 0.4313 | −0.102% | — | $23.0M | — | as long as short |
| Backpack ONDO_USDC_PERP | +0.0100% | 1h | 0.4314 | −0.074% | $175K | $1.0M | 15x | as long as short |
| Variational Omni ONDO | +0.0100% | 4h | 0.4314 | −0.083% | $678K | $1.9M | — | as long as short |
| edgeX ONDOUSDC | +0.0100% | 4h | 0.4308 | −0.206% | $5K | $317K | 20x | as long as short |
| GRVT ONDO_USDT_Perp | +0.0100% | 4h | 0.4314 | −0.079% | $400K | $1.5M | 10x | as long as short |
| ApeX Omni ONDOUSDT | +0.0100% | 1h | 0.4310 | −0.171% | $132K | $339K | 50x | as long as short |
| Polymarket Perps ONDO-USD | +0.0100% | 1h | 0.4317 | −0.005% | $60K | $1.4M | 10x | as long as short |
| Orderly PERP_ONDO_USDC | +0.0100% | 4h | 0.4312 | −0.125% | $23K | $6K | 10x | as long as short |
| SunX ONDO-USDT | +0.0100% | 4h | 0.4318 | +0.014% | — | $1.4M | 20x | as long as short |
| SoDEX ONDO-USD | +0.0100% | 1h | 0.4315 | −0.056% | $2K | $15K | 10x | as long as short |
| HTX ONDO-USDT | +0.0100% | 4h | 0.4322 | +0.107% | $128K | $369K | 50x | as long as short |
| Phemex ONDOUSDT | +0.0100% | 4h | 0.4313 | −0.102% | $4.2M | $8.9M | 50x | as long as short |
| Paradex ONDO-USD-PERP | +0.0100% | 8h | 0.4316 | −0.031% | $6K | — | 10x | as long as short |
| Extended ONDO-USDshort | +0.0104% | 1h | 0.4312 | −0.114% | $355K | $809K | 25x | |
| Aevo ONDO-PERP | +0.0104% | 1h | 0.4315 | −0.067% | $37K | $13K | 3x | as long as short |
| Deribit ONDO_USDC-PERPETUAL | +0.0214% | 1h | 0.4315 | −0.056% | $18K | $351K | 25x | as long as short |
| 01 Exchange ONDOUSD | +0.0248% | 1h | 0.4319 | +0.035% | $355 | $2K | 10x | as long as short |
| Coinbase International ONDO-PERP-INTX | +0.0280% | 1h | 0.4309 | −0.195% | $213K | $730K | 50x | as long as short |
| Phoenix ONDOlong | +0.0315% | 1h | 0.4317 | long leg | $35K | $221K | 10x | |
| BloFin ONDO-USDT | +0.0340% | 4h | 0.4313 | −0.102% | $3.1M | $3.1M | 75x | as long as short |
| Hyperliquid ONDO | +0.0367% | 1h | 0.4319 | +0.039% | $36.5M | $27.2M | 10x | as long as short |
| GMX ONDO/USD [ETH-USDC] | L +0.0572% / S −0.0203% | 1h | 0.4311 | −0.139% | $493K | — | 100x | as long as short |
| Reya ONDORUSDPERP | +0.1161% | 1h | 0.4315 | −0.061% | $2K | — | 20x | as long as short |
| dYdX ONDO-USD | +0.1687% | 1h | 0.4314 | −0.080% | $242K | $156K | 5x | as long as short |
RISEx ONDO/USDC
Gate ONDO_USDT
MEXC ONDO_USDT
KuCoin ONDOUSDTM
Bitget ONDOUSDT
BingX ONDO-USDT
Backpack ONDO_USDC_PERP
Variational Omni ONDO
edgeX ONDOUSDC
GRVT ONDO_USDT_Perp
ApeX Omni ONDOUSDT
Polymarket Perps ONDO-USD
Orderly PERP_ONDO_USDC
SunX ONDO-USDT
SoDEX ONDO-USD
HTX ONDO-USDT
Phemex ONDOUSDT
Paradex ONDO-USD-PERP
Aevo ONDO-PERP
Deribit ONDO_USDC-PERPETUAL
01 Exchange ONDOUSD
Coinbase International ONDO-PERP-INTX
BloFin ONDO-USDT
Hyperliquid ONDO
GMX ONDO/USD [ETH-USDC]
Reya ONDORUSDPERP
dYdX ONDO-USD