ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0329%/8h= +36.0% APRnext payment +$0.41 per $10,000 · paid last 24h −0.009%

Price spread now: ApeX Omni against Kraken Futures−0.315%75s7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as 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−$510.514% of the position

Long on Kraken Futures Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.272%−$27 on $10k

Price spread, last 4 days (all we have)+0.176%+$18 · spread now −0.315%, 7d avg −0.021%

Together, before fees−0.096%−$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.293% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.315% now, against its 7-day average of −0.021%). If the spread goes back, that is −$29 on $10k: about 3.0 days of funding at the current rate (+$10 a day). Mind the row above: over the last 7 days funding on this pair cost −0.272%, so the current rate has only just turned in your favour. The two prices were read 75 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	Kraken Futures PF_ONDOUSD	0.4297	−0.0259	get 0.0032% / 1h	44m 17s	$2.5M	$6.7M	50x
Short	ApeX Omni ONDOUSDT	0.4283	0.0070	get 0.0009% / 1h	44m 17s	$85K	$350K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Kraken Futures. 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 Kraken FuturesbpFee ApeX OmnibpOrdersPrice spread, now −0.315%Rate

Funding earned: $69.04
Price spread: −0.315% → −0.021%: −$29.35
Slippage, 4 orders: −$31.41
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$11.71
Costs to cover: 0.514%
Break-even: 8.2 days

Slippage from Kraken Futures: live order book, 3 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 Kraken Futures live order book, 3 min ago	2.33 bp	14.0 bp −$14	18.6 bp −$186	106.6 bp −$10.7K	doesn't fit
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_ONDOUSDlong	−0.0259%	1h	0.4297	long leg	$2.5M	$6.7M	50x
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4297	+0.011%	$21K	$354K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4297	+0.013%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+6.318%	$888	$214K	5.5x	as long as short
Bybit ONDOUSDT	+0.0066%	4h	0.4296	−0.012%	$67.1M	$112.4M	50x	as long as short
ApeX Omni ONDOUSDTshort	+0.0070%	1h	0.4283	−0.315%	$85K	$350K	50x
Lighter ONDO	+0.0096%	1h	0.4302	+0.118%	$1.1M	$2.1M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4296	−0.012%	$23K	$7K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4299	+0.057%	$330K	$815K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4300	+0.074%	$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	0.4300	+0.071%	$766K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4298	+0.032%	$61.9M	$211.2M	75x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4299	+0.057%	$17.2M	$65.2M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4290	−0.143%	$68K	$64K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4296	−0.003%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4297	+0.011%	$14.2M	$12.9M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4298	+0.034%	$43.8M	$39.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4298	+0.034%	$13.0M	$8.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4299	+0.057%	$24.9M	$30.5M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4297	+0.011%	—	$23.5M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4298	+0.025%	$179K	$992K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4282	−0.329%	$615K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4279	−0.412%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4289	−0.165%	$395K	$2.1M	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4298	+0.032%	$53K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4297	+0.011%	—	$1.2M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4297	+0.011%	$447	$17K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4295	−0.036%	$105K	$439K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4297	+0.011%	$4.1M	$8.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4296	−0.012%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4296	−0.011%	$348K	$760K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4298	+0.035%	$37K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0144%	1h	0.4298	+0.043%	$354	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0162% / S +0.0062%	1h	0.4297	+0.006%	$272K	—	100x	as long as short
Phoenix ONDO	+0.0167%	1h	0.4296	−0.012%	$34K	$204K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0240%	1h	0.4305	+0.197%	$212K	$548K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4293	−0.082%	$3.2M	$2.9M	75x	as long as short
Reya ONDORUSDPERP	+0.1168%	1h	0.4296	−0.016%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3796%	1h	0.4298	+0.024%	$246K	$159K	5x	as long as short