ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0787%/8h= −86.2% APRnext payment −$0.98 per $10,000 · paid last 24h −0.297%

Price spread now: Phoenix against Reya+0.107%59s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on Phoenix

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

The price spread pays, funding is against you. Phoenix is 0.107% dearer against Reya than usual: you sell high and buy low (spread +0.107% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 11 hours. 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	Reya ONDORUSDPERP	0.4378	0.1152	pay 0.0144% / 1h	14m 14s	$2K	—	20x
Short	Phoenix ONDO	0.4382	0.0365	get 0.0046% / 1h	14m 14s	$35K	$223K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Reya. 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 ReyabpFee PhoenixbpOrdersPrice spread, now +0.107%Rate

Funding earned: −$165.32
Price spread: +0.107% → 0.000%: $10.66
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$167.65
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Phoenix: live order book, 38 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 38 min ago	0.91 bp	12.6 bp −$13	43.7 bp −$437	doesn't fit	doesn't fit

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
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4375	−0.066%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4375	−0.055%	$2.6M	$7.8M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.346%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4380	+0.056%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4375	−0.062%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4378	+0.006%	$362K	$846K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4381	+0.084%	$37.7M	$24.8M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4378	+0.006%	$63.3M	$231.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4375	−0.062%	$67.6M	$126.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4377	−0.017%	$17.0M	$73.0M	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	0.4385	+0.171%	$72K	$84K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4377	−0.014%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4375	−0.062%	$11.5M	$16.4M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4376	−0.040%	$44.3M	$42.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4376	−0.040%	$12.7M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4377	−0.017%	$25.1M	$39.9M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4376	−0.040%	—	$765K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4377	−0.026%	$186K	$983K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4377	−0.023%	$710K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4379	+0.029%	$4K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4381	+0.074%	$409K	$1.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4376	−0.040%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4378	+0.015%	$68K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4377	−0.017%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4378	+0.006%	$455	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4389	+0.257%	$127K	$430K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4375	−0.062%	$4.2M	$7.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4377	−0.015%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4377	−0.021%	$395K	$798K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4380	+0.040%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0208%	1h	0.4380	+0.040%	$360	$2K	10x	as long as short
Aster ONDOUSDT	+0.0215%	4h	0.4379	+0.036%	$757K	$2.5M	20x	as long as short
dYdX ONDO-USD	+0.0263%	1h	0.4376	−0.029%	$248K	$129K	5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4379	+0.029%	$271K	$727K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4378	+0.006%	$3.1M	$3.0M	75x	as long as short
Phoenix ONDOshort	+0.0365%	1h	0.4382	+0.107%	$35K	$223K	10x
Deribit ONDO_USDC-PERPETUAL	+0.0436%	1h	0.4379	+0.029%	$18K	$367K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0606% / S −0.0219%	1h	0.4373	−0.100%	$520K	—	100x	as long as short
Reya ONDORUSDPERPlong	+0.1152%	1h	0.4378	long leg	$2K	—	20x