ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.3802%/8h= −416.3% APRnext payment −$4.75 per $10,000 · paid last 24h −1.203%

Price spread now: ApeX Omni against dYdX−0.167%7-day average +0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$376as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$890.890% of the position

Long on dYdX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−2.867%−$287 on $10k

Price spread, last 4 days (all we have)+0.258%+$26 · spread now −0.167%, 7d avg +0.058%

Together, before fees−2.609%−$261 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$114 a day on $10k at the current rate, and ApeX Omni is 0.226% cheaper against dYdX than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.058%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ONDO-USD	0.4290	0.3872	pay 0.0484% / 1h	45m 02s	$246K	$159K	5x
Short	ApeX Omni ONDOUSDT	0.4283	0.0070	get 0.0009% / 1h	45m 02s	$85K	$350K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against dYdX. 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 dYdXbpFee ApeX OmnibpOrdersPrice spread, now −0.167%Rate

Funding earned: −$798.46
Price spread: −0.167% → +0.058%: −$22.56
Slippage, 4 orders: −$68.97
Fee dYdX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$909.99
Costs to cover: 0.890%
Break-even: never at this rate

Slippage from dYdX: live order book, 62 min ago; ApeX Omni: live order book, 61 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 dYdX live order book, 62 min ago	10.37 bp	20.0 bp −$20	85.7 bp −$857	119.5 bp −$12.0K	395.2 bp −$197.6K
Sell ApeX Omni live order book, 61 min ago	1.16 bp	7.5 bp −$8	22.0 bp −$220	doesn't fit	doesn't fit

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	−0.0259%	1h	0.4295	+0.119%	$2.5M	$6.7M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4295	+0.112%	$21K	$354K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4295	+0.103%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+6.476%	$888	$214K	5.5x	as long as short
Bybit ONDOUSDT	+0.0067%	4h	0.4296	+0.136%	$67.1M	$112.4M	50x	as long as short
ApeX Omni ONDOUSDTshort	+0.0070%	1h	0.4283	−0.167%	$85K	$350K	50x
Lighter ONDO	+0.0096%	1h	0.4301	+0.257%	$1.1M	$2.1M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4293	+0.066%	$23K	$7K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4292	+0.042%	$329K	$815K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4300	+0.227%	$36.2M	$26.2M	10x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ONDOUSDT	+0.0100%	4h	0.4299	+0.206%	$765K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4298	+0.182%	$61.9M	$211.3M	75x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4298	+0.182%	$17.2M	$65.3M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4290	+0.005%	$68K	$66K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4292	+0.046%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4297	+0.159%	$14.2M	$12.9M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4298	+0.182%	$43.8M	$39.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4298	+0.182%	$13.0M	$8.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4299	+0.206%	$24.9M	$30.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4296	+0.136%	—	$23.5M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4298	+0.173%	$179K	$992K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4282	−0.181%	$615K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4279	−0.264%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4289	−0.018%	$395K	$2.1M	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4297	+0.150%	$53K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4292	+0.042%	—	$1.2M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4296	+0.136%	$447	$17K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4295	+0.112%	$105K	$439K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4297	+0.159%	$4.1M	$8.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4291	+0.011%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4297	+0.167%	$348K	$760K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4296	+0.147%	$37K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0136%	1h	0.4296	+0.129%	$354	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0162% / S +0.0062%	1h	0.4294	+0.091%	$272K	—	100x	as long as short
Phoenix ONDO	+0.0167%	1h	0.4296	+0.136%	$34K	$204K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0240%	1h	0.4305	+0.345%	$212K	$548K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4293	+0.066%	$3.2M	$2.9M	75x	as long as short
Reya ONDORUSDPERP	+0.1168%	1h	0.4294	+0.097%	$2K	—	20x	as long as short
dYdX ONDO-USDlong	+0.3872%	1h	0.4290	long leg	$246K	$159K	5x