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 −0.073%

Price spread now: Orderly against BloFin−0.092%112s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Orderly is 0.092% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 112 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	BloFin ONDO-USDT	0.4353	0.0340	pay 0.0170% / 4h	3h 19m	$3.1M	$3.1M	75x
Short	Orderly PERP_ONDO_USDC	0.4349	0.0100	get 0.0050% / 4h	3h 19m	$23K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against BloFin. 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 BloFinbpFee OrderlybpOrdersPrice spread, now −0.092%Rate

Funding earned: −$50.5
Price spread: −0.092% → 0.000%: −$9.19
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$77.69
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 4 min ago; Orderly: no order-book sample. 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 BloFin live order book, 4 min ago	1.15 bp	7.1 bp −$7	9.2 bp −$92	31.2 bp −$3,117	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Kraken Futures PF_ONDOUSD	−0.0161%	1h	0.4358	+0.124%	$2.6M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4348	−0.115%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.939%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4358	+0.106%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDCshort	+0.0100%	4h	0.4349	−0.092%	$23K	$6K	10x
Nado ONDO-PERP	+0.0100%	1h	0.4350	−0.057%	$359K	$840K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4351	−0.046%	$62.8M	$230.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4347	−0.138%	$67.6M	$124.6M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4350	−0.069%	$17.0M	$72.1M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4363	+0.237%	$72K	$83K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4349	−0.089%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4348	−0.115%	$11.7M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4350	−0.069%	$43.1M	$42.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4351	−0.046%	$12.6M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4350	−0.069%	$24.9M	$39.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4349	−0.092%	—	$21.9M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4357	+0.087%	$183K	$979K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4352	−0.029%	$702K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4357	+0.086%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4353	−0.001%	$403K	$1.2M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4359	+0.138%	$134K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4351	−0.055%	$66K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4361	+0.184%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4360	+0.161%	$453	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4368	+0.345%	$129K	$423K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4360	+0.161%	$4.2M	$8.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4348	−0.122%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4348	−0.120%	$393K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4352	−0.019%	$38K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0152%	4h	0.4352	−0.023%	$787K	$2.6M	20x	as long as short
01 Exchange ONDOUSD	+0.0160%	1h	0.4351	−0.041%	$358	$2K	10x	as long as short
Hyperliquid ONDO	+0.0185%	1h	0.4353	+0.007%	$37.4M	$24.4M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4362	+0.207%	$246K	$726K	50x	as long as short
Phoenix ONDO	+0.0327%	1h	0.4361	+0.181%	$35K	$218K	10x	as long as short
BloFin ONDO-USDTlong	+0.0340%	4h	0.4353	long leg	$3.1M	$3.1M	75x
dYdX ONDO-USD	+0.0489%	1h	0.4352	−0.034%	$246K	$129K	5x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0555% / S −0.0193%	1h	0.4348	−0.125%	$484K	—	100x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0668%	1h	0.4362	+0.207%	$18K	$362K	25x	as long as short
Reya ONDORUSDPERP	+0.1154%	1h	0.4350	−0.064%	$2K	—	20x	as long as short