ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0234%/8h= +25.6% APRnext payment +$0.29 per $10,000 · paid last 24h +0.004%

Price spread now: Phoenix against Extended+0.756%7-day average +0.129% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs+$23as in the Price arb table

costs, in and out, $10k−$390.394% of the position

Long on Extended Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.111%−$11 on $10k

Price spread, last 4 days (all we have)+0.122%+$12 · spread now +0.756%, 7d avg +0.129%

Together, before fees+0.011%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Phoenix is 0.627% dearer against Extended than usual: you sell high and buy low: +$63 more if the spread goes back to its 7-day average of +0.129%. Mind the row above: over the last 7 days funding on this pair cost −0.111%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.111% in total (about -5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.29 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ONDO-USD	0.4385	0.0104	pay 0.0013% / 1h	57m 09s	$396K	$788K	25x
Short	Phoenix ONDO	0.4418	0.0338	get 0.0042% / 1h	57m 09s	$35K	$214K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Extended. 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 ExtendedbpFee PhoenixbpOrdersPrice spread, now +0.756%Rate

Funding earned: $49.17
Price spread: +0.756% → +0.129%: $62.69
Slippage, 4 orders: −$27.44
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $72.42
Costs to cover: 0.394%
Break-even: from the start

Slippage from Extended: live order book, 6 min ago; Phoenix: live order book, 66 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 Extended live order book, 6 min ago	4.54 bp	7.0 bp −$7	16.2 bp −$162	doesn't fit	doesn't fit
Sell Phoenix live order book, 66 min ago	1.10 bp	12.7 bp −$13	43.6 bp −$436	doesn't fit	doesn't fit

ONDO on 38 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
dYdX ONDO-USD	0.0000%	1h	0.4386	+0.020%	$248K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4384	−0.028%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.168%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4385	−0.012%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4385	−0.005%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4383	−0.051%	$375K	$831K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4389	+0.090%	$38.4M	$24.2M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4386	+0.020%	$661K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4385	−0.001%	$63.7M	$225.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4387	+0.040%	$69.4M	$122.1M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4389	+0.086%	$16.9M	$72.0M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4420	+0.788%	$72K	$87K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4383	−0.044%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4384	−0.028%	$11.5M	$15.9M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4387	+0.040%	$46.4M	$40.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4385	−0.005%	$13.0M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4388	+0.063%	$25.0M	$39.3M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4389	+0.086%	—	$22.0M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4416	+0.695%	$766K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4415	+0.679%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4403	+0.412%	$406K	$978K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4405	+0.451%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4385	−0.001%	$78K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4386	+0.017%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4386	+0.017%	$456	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4394	+0.200%	$129K	$486K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4382	−0.066%	$6K	—	10x	as long as short
Extended ONDO-USDlong	+0.0104%	1h	0.4385	long leg	$396K	$788K	25x
Aevo ONDO-PERP	+0.0104%	1h	0.4390	+0.097%	$38K	$13K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0105%	1h	0.4390	+0.113%	$191K	$989K	15x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0206%	1h	0.4385	−0.005%	$23K	$349K	25x	as long as short
Phemex ONDOUSDT	+0.0241%	4h	0.4387	+0.040%	$4.2M	$7.5M	50x	as long as short
Phoenix ONDOshort	+0.0338%	1h	0.4418	+0.756%	$35K	$214K	10x
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4422	+0.838%	$284K	$706K	50x	as long as short
01 Exchange ONDOUSD	+0.0376%	1h	0.4388	+0.054%	$361	$2K	10x	as long as short
Lighter ONDO	+0.0480%	1h	0.4394	+0.191%	$1.4M	$2.1M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0549% / S −0.0190%	1h	0.4383	−0.040%	$483K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1148%	1h	0.4383	−0.051%	$2K	—	20x	as long as short