ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0898%/8h= +98.4% APRnext payment +$1.12 per $10,000 · paid last 24h +0.301%

Price spread now: Reya against Phoenix−0.565%59s7-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 Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.565% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.565% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$57 on $10k: about 2.1 days of funding at the current rate (+$27 a day). The two prices were read 59 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	0.4573	0.0244	pay 0.0031% / 1h	42m 17s	$38K	$257K	10x
Short	Reya ONDORUSDPERP	0.4548	0.1142	get 0.0143% / 1h	42m 17s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.565%Rate

Funding earned: $188.65
Price spread: −0.565% → 0.000%: −$56.54
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: $119.11
Costs to cover: 0.130%
Break-even: 2.6 days

Slippage unknown: Phoenix: live order book, 30 min ago; Reya: 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, 30 min ago	1.09 bp	12.6 bp −$13	51.4 bp −$514	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	−0.0803%	1h	0.4544	−0.649%	$2.8M	$8.1M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	−0.120%	$888	$216K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4544	−0.645%	$35K	$436K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4546	−0.596%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4543	−0.667%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4549	−0.536%	$430K	$706K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4549	−0.535%	$718K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4545	−0.619%	$67.9M	$228.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4546	−0.601%	$73.7M	$123.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4543	−0.667%	$17.7M	$80.8M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4551	−0.501%	$74K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4550	−0.515%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4546	−0.601%	$11.9M	$18.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4548	−0.558%	$49.3M	$43.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4549	−0.536%	$13.8M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4543	−0.667%	$25.7M	$41.4M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4547	−0.579%	—	$22.2M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4573	−0.012%	$787K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4565	−0.179%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4563	−0.230%	$421K	$960K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4564	−0.208%	$173K	$312K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4551	−0.481%	$68K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4548	−0.558%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4545	−0.623%	$472	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4561	−0.273%	$133K	$504K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4546	−0.601%	$4.6M	$6.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4551	−0.502%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4543	−0.668%	$407K	$843K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4546	−0.590%	$44K	$8K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0168%	1h	0.4562	−0.245%	$230K	$1.0M	15x	as long as short
Phoenix ONDOlong	+0.0244%	1h	0.4573	long leg	$38K	$257K	10x
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4556	−0.383%	$299K	$851K	50x	as long as short
Hyperliquid ONDO	+0.0328%	1h	0.4553	−0.442%	$40.4M	$26.9M	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4565	−0.186%	$3.3M	$3.2M	75x	as long as short
01 Exchange ONDOUSD	+0.0424%	1h	0.4553	−0.446%	$375	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0586% / S −0.0188%	1h	0.4546	−0.610%	$543K	—	100x	as long as short
Lighter ONDO	+0.0912%	1h	0.4554	−0.426%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERPshort	+0.1142%	1h	0.4548	−0.565%	$2K	—	20x
dYdX ONDO-USD	+0.6087%	1h	0.4560	−0.301%	$258K	$131K	5x	as long as short