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Funding arb /

ONDO

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 16:00 UTC−0.0062%/8h
next payment, per $10,000−$0.08paid, last 24h−0.006%paid, last 7 days+0.099%to open and close $10k−$38
Long on PhoenixShort on Polymarket Perps
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix ONDO0.44730.0162pay 0.0020% / 1h51m 23s$28K$244K10x
ShortPolymarket Perps ONDO-USD0.44860.0100get 0.0013% / 1h51m 23s$83K$1.0M10x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
−$13.05
Slippage, 4 orders
−$23.36
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$51.41
Break-even
never at this rate
Slippage from Phoenix: live order book, 48 min ago; Polymarket Perps: live order book, 3 min ago.

Price risk

price view
Price gap now
+0.302%
Avg gap 7d
−0.014%
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, 48 min ago0.91 bp12.7 bp −$1351.7 bp −$517doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 3 min ago2.47 bp6.5 bp −$67.8 bp −$78doesn't fitdoesn't fit

ONDO on 38 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Bybit ONDOUSDT−0.0730%4h$70.1M$118.4M50xas long as short
Gate ONDO_USDT−0.0380%4h$11.8M$18.7M50xas long as short
Phemex ONDOUSDT−0.0128%4h$5.0M$5.3M50xas long as short
gTrade (Gains Network) ONDO/USDL +0.0003% / S −0.0010%1h$10K—150xas long as short
Orderly PERP_ONDO_USDC+0.0093%4h$25K$8K10xas long as short
Nado ONDO-PERP+0.0100%1h$442K$580K10xas long as short
Aster ONDOUSDT+0.0100%4h$752K$1.8M20xas long as short
Binance ONDOUSDT+0.0100%4h$67.3M$228.8M75xas long as short
OKX ONDO-USDT-SWAP+0.0100%4h$18.4M$83.3M50xas long as short
Ondo Perps ONDO-USD.P+0.0100%1h$74K$93K10xas long as short
Show all 38 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
RISEx ONDO/USDC+0.0100%1h——5xas long as short
MEXC ONDO_USDT+0.0100%4h$50.0M$46.0M200xas long as short
KuCoin ONDOUSDTM+0.0100%4h$13.7M$10.4M50xas long as short
Bitget ONDOUSDT+0.0100%4h$25.5M$44.1M50xas long as short
BingX ONDO-USDC+0.0100%4h—$765K—as long as short
Backpack ONDO_USDC_PERP+0.0100%1h$236K$854K15xas long as short
Variational Omni ONDO+0.0100%4h$921K$2.0M—as long as short
edgeX ONDOUSDC+0.0100%4h$5K$318K20xas long as short
ApeX Omni ONDOUSDT+0.0100%1h$180K$386K50xas long as short
Polymarket Perps ONDO-USDshort+0.0100%1h$83K$1.0M10x
SunX ONDO-USDT+0.0100%4h—$1.4M20xas long as short
SoDEX ONDO-USD+0.0100%1h$464$15K10xas long as short
HTX ONDO-USDT+0.0100%4h$131K$496K50xas long as short
Paradex ONDO-USD-PERP+0.0100%8h$6K$910xas long as short
Extended ONDO-USD+0.0104%1h$379K$1.1M25xas long as short
Aevo ONDO-PERP+0.0104%1h$35K—3xas long as short
Phoenix ONDOlong+0.0162%1h$28K$244K10x
Hyperliquid ONDO+0.0165%1h$40.8M$28.0M10xas long as short
Deribit ONDO_USDC-PERPETUAL+0.0198%1h$26K$252K25xas long as short
01 Exchange ONDOUSD+0.0216%1h$370$1K10xas long as short
BloFin ONDO-USDT+0.0340%4h$3.3M$3.4M75xas long as short
Coinbase International ONDO-PERP-INTX+0.0464%1h$353K$825K50xas long as short
Lighter ONDO+0.0504%1h$1.2M$2.0M10xas long as short
GMX ONDO/USD [ETH-USDC]L +0.0594% / S −0.0203%1h$527K—100xas long as short
Kraken Futures PF_ONDOUSD+0.1029%1h$3.5M$5.1M50xas long as short
Reya ONDORUSDPERP+0.1127%1h$2K—20xas long as short
Injective ONDO/USDC PERP+0.1162%1h$1K$85K5.5xas long as short
dYdX ONDO-USD+0.1423%1h$248K$105K5xas long as short