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Funding arb /

ONDO

all ONDO markets
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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 Polymarket PerpsShort on Phoenix
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps ONDO-USD0.44480.0100pay 0.0013% / 1h52m 28s$81K$1.0M10x
ShortPhoenix ONDO0.44520.0162get 0.0020% / 1h52m 28s$28K$244K10x

Funding history

latest
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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 Polymarket Perps: 4 bp × 2 orders
−$8
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$25.3
Break-even
20.6 days
Slippage from Polymarket Perps: live order book, 2 min ago; Phoenix: live order book, 47 min ago.

Price risk

price view
Price gap now
+0.092%
Avg gap 7d
+0.012%
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 Polymarket Perps live order book, 2 min ago2.47 bp6.5 bp −$66.5 bp −$65doesn't fitdoesn't fit
Sell Phoenix live order book, 47 min ago0.91 bp12.7 bp −$1343.9 bp −$439doesn't fitdoesn't fit

ONDO on 38 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Bybit ONDOUSDT−0.0707%4h$69.9M$117.7M50xas long as short
Gate ONDO_USDT−0.0244%4h$11.7M$18.6M50xas long as short
gTrade (Gains Network) ONDO/USDL +0.0003% / S −0.0013%1h$9K—150xas long as short
Orderly PERP_ONDO_USDC+0.0093%4h$24K$8K10xas long as short
Paradex ONDO-USD-PERP+0.0100%8h$6K$910xas long as short
Nado ONDO-PERP+0.0100%1h$439K$578K10xas long as short
Aster ONDOUSDT+0.0100%4h$746K$1.8M20xas long as short
Binance ONDOUSDT+0.0100%4h$67.1M$227.8M75xas long as short
OKX ONDO-USDT-SWAP+0.0100%4h$18.2M$82.8M50xas 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$49.0M$45.7M200xas long as short
KuCoin ONDOUSDTM+0.0100%4h$13.6M$10.4M50xas long as short
Bitget ONDOUSDT+0.0100%4h$25.2M$43.8M50xas long as short
BingX ONDO-USDT+0.0100%4h—$23.6M—as long as short
Backpack ONDO_USDC_PERP+0.0100%1h$238K$852K15xas long as short
Variational Omni ONDO+0.0100%4h$921K$2.0M—as long as short
edgeX ONDOUSDC+0.0100%4h$5K$317K20xas long as short
Polymarket Perps ONDO-USDlong+0.0100%1h$81K$1.0M10x
SunX ONDO-USDT+0.0100%4h—$1.4M20xas long as short
SoDEX ONDO-USD+0.0100%1h$463$15K10xas long as short
HTX ONDO-USDT+0.0100%4h$130K$500K50xas long as short
Phemex ONDOUSDT+0.0100%4h$5.0M$5.3M50xas long as short
Extended ONDO-USD+0.0104%1h$377K$1.1M25xas long as short
Aevo ONDO-PERP+0.0104%1h$35K—3xas long as short
Phoenix ONDOshort+0.0162%1h$28K$244K10x
Hyperliquid ONDO+0.0184%1h$40.5M$28.0M10xas long as short
Deribit ONDO_USDC-PERPETUAL+0.0199%1h$26K$252K25xas long as short
01 Exchange ONDOUSD+0.0224%1h$366$1K10xas long as short
BloFin ONDO-USDT+0.0340%4h$3.3M$3.4M75xas long as short
ApeX Omni ONDOUSDT+0.0355%1h$180K$386K50xas long as short
Coinbase International ONDO-PERP-INTX+0.0464%1h$352K$823K50xas long as short
Lighter ONDO+0.0504%1h$1.2M$2.0M10xas long as short
GMX ONDO/USD [ETH-USDC]L +0.0564% / S −0.0189%1h$505K—100xas long as short
Kraken Futures PF_ONDOUSD+0.1035%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+0.1429%1h$247K$105K5xas long as short