ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against BingX0.000%81s7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1261.261% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.432%+$43 on $10k

Price spread, last 4 days (all we have)+0.101%+$10 · spread now 0.000%, 7d avg +0.034%

Together, before fees+0.532%+$53 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.034% cheaper against BingX than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.034%). If the spread goes back, that is −$3 on $10k: about 11 hours of funding at the current rate (+$7 a day). The two prices were read 81 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	BingX ONDO-USDC	0.4324	0.0100	pay 0.0050% / 4h	1h 53m	—	$785K	—
Short	BloFin ONDO-USDT	0.4324	0.0340	get 0.0170% / 4h	1h 53m	$3.2M	$2.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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 BingXbpFee BloFinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $50.4
Price spread: 0.000% → +0.034%: −$3.41
Slippage, 4 orders: −$104.08
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$79.09
Costs to cover: 1.261%
Break-even: 18.0 days

Slippage from BingX: live order book, 28 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 BingX live order book, 28 min ago	2.30 bp	45.1 bp −$45	100.2 bp −$1,002	557.6 bp −$55.8K	952.9 bp −$476.4K
Sell BloFin live order book, 3 min ago	1.15 bp	7.2 bp −$7	13.9 bp −$139	34.6 bp −$3,465	109.8 bp −$54.9K

ONDO on 39 exchanges

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	−0.0325%	1h	0.4322	−0.053%	$2.5M	$7.1M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4323	−0.023%	$21K	$365K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4322	−0.036%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.643%	$888	$215K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4328	+0.090%	$1.1M	$2.3M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4322	−0.046%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4324	+0.012%	$337K	$820K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4325	+0.023%	$770K	$2.9M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4323	−0.017%	$63.1M	$222.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4320	−0.093%	$67.6M	$116.6M	50x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4321	−0.069%	$17.3M	$67.1M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4319	−0.118%	$69K	$76K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4324	−0.007%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4322	−0.046%	$13.8M	$13.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4323	−0.023%	$46.3M	$39.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4323	−0.023%	$13.1M	$9.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4324	0.000%	$25.2M	$33.3M	50x	as long as short
BingX ONDO-USDClong	+0.0100%	4h	0.4324	long leg	—	$785K	—
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4324	−0.005%	$179K	$988K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4321	−0.060%	$799K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4331	+0.171%	$5K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4333	+0.202%	$401K	$1.9M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4336	+0.278%	$134K	$318K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4324	0.000%	$60K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4322	−0.046%	—	$1.3M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4323	−0.023%	$2K	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4330	+0.139%	$105K	$478K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4324	0.000%	$4.2M	$8.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4322	−0.056%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4325	+0.013%	$355K	$779K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4324	0.000%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0176%	1h	0.4325	+0.021%	$356	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0184% / S +0.0250%	1h	0.4322	−0.048%	$364K	—	100x	as long as short
Phoenix ONDO	+0.0219%	1h	0.4332	+0.180%	$35K	$208K	10x	as long as short
Hyperliquid ONDO	+0.0242%	1h	0.4327	+0.062%	$36.5M	$26.6M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4353	+0.671%	$214K	$619K	50x	as long as short
BloFin ONDO-USDTshort	+0.0340%	4h	0.4324	0.000%	$3.2M	$2.9M	75x
Reya ONDORUSDPERP	+0.1166%	1h	0.4321	−0.060%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3928%	1h	0.4322	−0.037%	$247K	$159K	5x	as long as short