ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.006%

Price spread now: BingX against Aster−0.025%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$142as in the Funding arb table

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

costs, in and out, $10k−$1401.403% of the position

Long on Aster Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 4 days (all we have)−0.136%−$14 · spread now −0.025%, 7d avg −0.060%

Together, before fees−0.156%+ Points / potential airdropAster: Stage 5 · farm board−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.035% dearer against Aster than usual: you sell high and buy low (spread −0.025% now, against its 7-day average of −0.060%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.9 days. At the pace of the last 7 days (−0.020% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ONDOUSDT	0.4322	0.0130	pay 0.0065% / 4h	3h 02m	$774K	$2.6M	20x
Short	BingX ONDO-USDC	0.4321	0.0100	get 0.0050% / 4h	3h 02m	—	$760K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Aster. 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 AsterbpFee BingXbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$6.3
Price spread: −0.025% → −0.060%: $3.48
Slippage, 4 orders: −$122.27
Fee Aster: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$143.09
Costs to cover: 1.403%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; BingX: live order book, 26 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 Aster live order book, 1 min ago	1.15 bp	7.3 bp −$7	41.3 bp −$413	doesn't fit	doesn't fit
Sell BingX live order book, 26 min ago	2.29 bp	59.8 bp −$60	92.0 bp −$920	700.3 bp −$70.0K	969.6 bp −$484.8K

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	−0.0162%	1h	0.4323	+0.029%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4329	+0.160%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.690%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4320	−0.055%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4325	+0.068%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4330	+0.195%	$357K	$862K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4320	−0.060%	$36.3M	$25.6M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4322	−0.005%	$62.3M	$233.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4315	−0.164%	$67.2M	$125.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4319	−0.071%	$17.0M	$72.2M	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	0.4344	+0.512%	$72K	$83K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4330	+0.178%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4320	−0.048%	$12.0M	$16.5M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4323	+0.021%	$42.7M	$42.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4322	−0.002%	$12.2M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4320	−0.048%	$24.7M	$39.8M	50x	as long as short
BingX ONDO-USDCshort	+0.0100%	4h	0.4321	−0.025%	—	$760K	—
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4325	+0.079%	$175K	$981K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4334	+0.270%	$683K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4333	+0.262%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4332	+0.240%	$404K	$1.2M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4330	+0.183%	$134K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4332	+0.239%	$65K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4328	+0.137%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4328	+0.137%	$450	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4340	+0.415%	$128K	$428K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4330	+0.183%	$4.2M	$8.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4329	+0.152%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4321	−0.016%	$390K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4329	+0.149%	$38K	$13K	3x	as long as short
Aster ONDOUSDTlong	+0.0130%	4h	0.4322	long leg	$774K	$2.6M	20x
01 Exchange ONDOUSD	+0.0160%	1h	0.4331	+0.209%	$356	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0212%	1h	0.4327	+0.114%	$18K	$362K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4333	+0.253%	$218K	$765K	50x	as long as short
Phoenix ONDO	+0.0327%	1h	0.4340	+0.424%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4329	+0.160%	$3.1M	$3.0M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0554% / S −0.0193%	1h	0.4329	+0.165%	$482K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1155%	1h	0.4332	+0.223%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1193%	1h	0.4330	+0.189%	$248K	$133K	5x	as long as short