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: Variational Omni against BloFin−0.051%7-day average −0.040% · you buy dearer than you sell

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

Long on BloFin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.284%−$28 on $10k

Price spread, last 4 days (all we have)−0.055%−$6 · spread now −0.051%, 7d avg −0.040%

Together, before fees−0.339%+ Points / potential airdropVariational Omni: Active · farm board−$34 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.040%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ONDO-USDT	0.4312	0.0340	pay 0.0170% / 4h	3h 29m	$3.2M	$3.1M	75x
Short	Variational Omni ONDO	0.4310	0.0100	get 0.0050% / 4h	3h 29m	$678K	$1.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.051%Rate

Funding earned: −$50.4
Price spread: −0.051% → −0.040%: −$1.08
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$63.48
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 4 min ago; Variational Omni: RFQ quote, 5 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 BloFin live order book, 4 min ago	3.47 bp	9.5 bp −$9	13.8 bp −$138	47.6 bp −$4,761	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	4.62 bp	doesn't fit	11.5 bp −$115	doesn't fit	doesn't fit

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	−0.0177%	1h	0.4311	−0.020%	$2.5M	$7.7M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4309	−0.070%	$28K	$362K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4306	−0.140%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.937%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4312	0.000%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4306	−0.128%	$342K	$889K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4310	−0.043%	$759K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4309	−0.070%	$62.9M	$233.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4307	−0.116%	$67.5M	$122.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4309	−0.070%	$17.2M	$71.1M	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	0.4318	+0.130%	$71K	$79K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4303	−0.206%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4306	−0.139%	$13.2M	$15.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4308	−0.093%	$43.8M	$42.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4307	−0.116%	$12.1M	$10.3M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4307	−0.116%	$24.9M	$36.5M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4308	−0.093%	—	$782K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4308	−0.090%	$178K	$1.0M	15x	as long as short
Variational Omni ONDOshort	+0.0100%	4h	0.4310	−0.051%	$678K	$1.8M	—
edgeX ONDOUSDC	+0.0100%	4h	0.4313	+0.024%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4310	−0.045%	$404K	$1.6M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4313	+0.023%	$134K	$339K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4305	−0.162%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4308	−0.093%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4309	−0.070%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4309	−0.070%	$2K	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4314	+0.046%	$128K	$369K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4309	−0.070%	$4.2M	$9.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4306	−0.144%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4308	−0.095%	$359K	$824K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4310	−0.039%	$37K	$13K	3x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4340	+0.649%	$214K	$719K	50x	as long as short
01 Exchange ONDOUSD	+0.0272%	1h	0.4307	−0.123%	$354	$2K	10x	as long as short
Phoenix ONDO	+0.0277%	1h	0.4313	+0.012%	$35K	$218K	10x	as long as short
BloFin ONDO-USDTlong	+0.0340%	4h	0.4312	long leg	$3.2M	$3.1M	75x
Hyperliquid ONDO	+0.0529%	1h	0.4310	−0.039%	$36.2M	$27.7M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0581% / S −0.0208%	1h	0.4307	−0.122%	$498K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1162%	1h	0.4308	−0.098%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3612%	1h	0.4306	−0.139%	$246K	$159K	5x	as long as short