Funding you earn now, next payment 05:00 UTC−0.0232%/8h= −25.4% APRnext payment −$0.29 per $10,000 · paid last 24h −0.015%
Price spread now: Ondo Perps against Phoenix−0.232%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.086%+$9 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Ondo Perps is 0.232% cheaper against Phoenix than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.086%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.086% in total (about 4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.29 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 | 0.4361 | 0.0332 | pay 0.0042% / 1h | 1m 22s | $35K | $223K | 10x |
| Short | Ondo Perps ONDO-USD.P | 0.4351 | 0.0100 | get 0.0013% / 1h | 1m 22s | $71K | $83K | 10x |
Phoenix ONDO
Ondo Perps ONDO-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- −$48.79
- Price spread: −0.232% → 0.000%
- −$23.16
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$83.94
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 41 min ago; Ondo Perps: 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, 41 min ago | 0.93 bp | 12.7 bp −$13 | 51.4 bp −$514 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ONDOUSD | −0.0240% | 1h | 0.4352 | −0.225% | $2.6M | $7.8M | 50x | as long as short |
| gTrade (Gains Network) ONDO/USD | L +0.0003% / S −0.0011% | 1h | 0.4348 | −0.313% | $7K | — | 150x | as long as short |
| dYdX ONDO-USD | +0.0008% | 1h | 0.4349 | −0.279% | $244K | $137K | 5x | as long as short |
| Injective ONDO/USDC PERP | +0.0033% | 1h | 0.4568 | +4.739% | $888 | $216K | 5.5x | as long as short |
| Lighter ONDO | +0.0096% | 1h | 0.4355 | −0.156% | $1.1M | $2.4M | 10x | as long as short |
| Nado ONDO-PERP | +0.0100% | 1h | 0.4351 | −0.236% | $347K | $895K | 10x | as long as short |
| Hyperliquid ONDO | +0.0100% | 1h | 0.4355 | −0.151% | $36.8M | $27.1M | 10x | as long as short |
| Aster ONDOUSDT | +0.0100% | 4h | 0.4353 | −0.187% | $777K | $2.7M | 20x | as long as short |
| Binance ONDOUSDT | +0.0100% | 4h | 0.4351 | −0.238% | $63.2M | $238.4M | 75x | as long as short |
| Bybit ONDOUSDT | +0.0100% | 4h | 0.4348 | −0.305% | $67.9M | $126.4M | 50x | as long as short |
Kraken Futures PF_ONDOUSD
gTrade (Gains Network) ONDO/USD
dYdX ONDO-USD
Injective ONDO/USDC PERP
Lighter ONDO
Nado ONDO-PERP
Hyperliquid ONDO
Aster ONDOUSDT
Binance ONDOUSDT
Bybit ONDOUSDTShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ONDO-USDT-SWAP | +0.0100% | 4h | 0.4350 | −0.259% | $17.3M | $74.1M | 50x | as long as short |
| Ondo Perps ONDO-USD.Pshort | +0.0100% | 1h | 0.4351 | −0.232% | $71K | $83K | 10x | |
| RISEx ONDO/USDC | +0.0100% | 1h | 0.4349 | −0.293% | — | — | 5x | as long as short |
| Gate ONDO_USDT | +0.0100% | 4h | 0.4349 | −0.282% | $12.3M | $16.6M | 50x | as long as short |
| MEXC ONDO_USDT | +0.0100% | 4h | 0.4349 | −0.282% | $43.3M | $42.7M | 200x | as long as short |
| KuCoin ONDOUSDTM | +0.0100% | 4h | 0.4349 | −0.282% | $12.0M | $10.6M | 50x | as long as short |
| Bitget ONDOUSDT | +0.0100% | 4h | 0.4350 | −0.259% | $25.0M | $39.8M | 50x | as long as short |
| BingX ONDO-USDT | +0.0100% | 4h | 0.4350 | −0.259% | — | $23.7M | — | as long as short |
| Backpack ONDO_USDC_PERP | +0.0100% | 1h | 0.4354 | −0.172% | $181K | $992K | 15x | as long as short |
| Variational Omni ONDO | +0.0100% | 4h | 0.4365 | +0.079% | $647K | $1.8M | — | as long as short |
| edgeX ONDOUSDC | +0.0100% | 4h | 0.4356 | −0.132% | $4K | $317K | 20x | as long as short |
| GRVT ONDO_USDT_Perp | +0.0100% | 4h | 0.4356 | −0.111% | $408K | $1.4M | 10x | as long as short |
| ApeX Omni ONDOUSDT | +0.0100% | 1h | 0.4361 | −0.007% | $133K | $356K | 50x | as long as short |
| Polymarket Perps ONDO-USD | +0.0100% | 1h | 0.4351 | −0.236% | $61K | $1.4M | 10x | as long as short |
| Orderly PERP_ONDO_USDC | +0.0100% | 4h | 0.4350 | −0.259% | $23K | $6K | 10x | as long as short |
| SunX ONDO-USDT | +0.0100% | 4h | 0.4353 | −0.190% | — | $1.4M | 20x | as long as short |
| SoDEX ONDO-USD | +0.0100% | 1h | 0.4352 | −0.213% | $452 | $13K | 10x | as long as short |
| HTX ONDO-USDT | +0.0100% | 4h | 0.4362 | +0.016% | $129K | $429K | 50x | as long as short |
| Phemex ONDOUSDT | +0.0100% | 4h | 0.4352 | −0.213% | $4.2M | $8.4M | 50x | as long as short |
| Paradex ONDO-USD-PERP | +0.0100% | 8h | 0.4349 | −0.292% | $6K | — | 10x | as long as short |
| Extended ONDO-USD | +0.0104% | 1h | 0.4348 | −0.307% | $393K | $795K | 25x | as long as short |
| Aevo ONDO-PERP | +0.0104% | 1h | 0.4354 | −0.179% | $38K | $13K | 3x | as long as short |
| 01 Exchange ONDOUSD | +0.0168% | 1h | 0.4352 | −0.216% | $358 | $2K | 10x | as long as short |
| Coinbase International ONDO-PERP-INTX | +0.0272% | 1h | 0.4366 | +0.108% | $217K | $756K | 50x | as long as short |
| Phoenix ONDOlong | +0.0332% | 1h | 0.4361 | long leg | $35K | $223K | 10x | |
| BloFin ONDO-USDT | +0.0340% | 4h | 0.4360 | −0.030% | $3.2M | $3.2M | 75x | as long as short |
| Deribit ONDO_USDC-PERPETUAL | +0.0440% | 1h | 0.4352 | −0.213% | $18K | $362K | 25x | as long as short |
| GMX ONDO/USD [ETH-USDC] | L +0.0571% / S −0.0202% | 1h | 0.4348 | −0.314% | $495K | — | 100x | as long as short |
| Reya ONDORUSDPERP | +0.1157% | 1h | 0.4350 | −0.260% | $2K | — | 20x | as long as short |
OKX ONDO-USDT-SWAP
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
Extended ONDO-USD
Aevo ONDO-PERP
01 Exchange ONDOUSD
Coinbase International ONDO-PERP-INTX
BloFin ONDO-USDT
Deribit ONDO_USDC-PERPETUAL
GMX ONDO/USD [ETH-USDC]
Reya ONDORUSDPERP