ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against SunX+0.231%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1581.577% of the position

Long on SunX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.399%+$40 on $10k

Price spread, last 4 days (all we have)−0.186%−$19 · spread now +0.231%, 7d avg +0.029%

Together, before fees+0.214%+$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.202% dearer against SunX than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ONDO-USDT	0.4326	0.0100	pay 0.0050% / 4h	1h 45m	—	$1.4M	20x
Short	BloFin ONDO-USDT	0.4336	0.0340	get 0.0170% / 4h	1h 45m	$3.2M	$3.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against SunX. 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 SunXbpFee BloFinbpOrdersPrice spread, now +0.231%Rate

Funding earned: $50.4
Price spread: +0.231% → +0.029%: $20.19
Slippage, 4 orders: −$137.67
Fee SunX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$87.08
Costs to cover: 1.577%
Break-even: 19.1 days

Slippage from SunX: live order book, 9 min ago; BloFin: live order book, 3 min ago.

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 SunX live order book, 9 min ago	47.35 bp	69.5 bp −$70	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	1.15 bp	9.5 bp −$9	10.3 bp −$103	29.5 bp −$2,947	95.5 bp −$47.7K

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	−0.0146%	1h	0.4336	+0.220%	$2.5M	$7.8M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4325	−0.018%	$243K	$137K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4335	+0.205%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.594%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4339	+0.305%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4334	+0.196%	$348K	$897K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4337	+0.265%	$776K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4336	+0.231%	$63.0M	$238.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4335	+0.208%	$67.5M	$126.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4337	+0.254%	$17.2M	$73.7M	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	0.4348	+0.502%	$71K	$83K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4325	−0.027%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4335	+0.208%	$12.4M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4335	+0.208%	$42.9M	$42.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4325	−0.023%	$11.9M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4336	+0.231%	$24.9M	$39.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4335	+0.208%	—	$23.7M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4328	+0.039%	$177K	$995K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4324	−0.052%	$643K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4332	+0.139%	$4K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4332	+0.131%	$401K	$1.4M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4332	+0.139%	$133K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4336	+0.233%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4336	+0.231%	$23K	$6K	10x	as long as short
SunX ONDO-USDTlong	+0.0100%	4h	0.4326	long leg	—	$1.4M	20x
SoDEX ONDO-USD	+0.0100%	1h	0.4336	+0.231%	$451	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4335	+0.208%	$128K	$429K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4336	+0.231%	$4.2M	$8.5M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4324	−0.052%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4336	+0.220%	$393K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4340	+0.312%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0192%	1h	0.4327	+0.018%	$356	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4328	+0.046%	$214K	$727K	50x	as long as short
Phoenix ONDO	+0.0313%	1h	0.4331	+0.123%	$34K	$223K	10x	as long as short
BloFin ONDO-USDTshort	+0.0340%	4h	0.4336	+0.231%	$3.2M	$3.2M	75x
Hyperliquid ONDO	+0.0345%	1h	0.4337	+0.250%	$36.4M	$27.3M	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0442%	1h	0.4338	+0.277%	$18K	$362K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0562% / S −0.0197%	1h	0.4335	+0.217%	$487K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1157%	1h	0.4334	+0.191%	$2K	—	20x	as long as short