ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0228%/8h= −25.0% APRnext payment −$0.29 per $10,000 · paid last 24h −0.014%

Price spread now: Aevo against Phoenix−0.081%54s7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on Aevo

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 Aevo is 0.081% cheaper against Phoenix than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 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	Phoenix ONDO	0.4306	0.0332	pay 0.0042% / 1h	31m 27s	$34K	$223K	10x
Short	Aevo ONDO-PERP	0.4303	0.0104	get 0.0013% / 1h	31m 27s	$37K	$13K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phoenix. 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 PhoenixbpFee AevobpOrdersPrice spread, now −0.081%Rate

Funding earned: −$47.95
Price spread: −0.081% → 0.000%: −$8.13
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$79.07
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 11 min ago; Aevo: 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 Phoenix live order book, 11 min ago	0.93 bp	12.7 bp −$13	51.4 bp −$514	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	−0.0243%	1h	0.4297	−0.205%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4301	−0.118%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0017%	1h	0.4296	−0.240%	$241K	$137K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+6.085%	$888	$216K	5.5x	as long as short
01 Exchange ONDOUSD	+0.0064%	1h	0.4299	−0.167%	$354	$2K	10x	as long as short
Lighter ONDO	+0.0096%	1h	0.4302	−0.093%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4299	−0.157%	$350K	$876K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4298	−0.179%	$35.8M	$26.1M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4300	−0.129%	$774K	$2.6M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4298	−0.179%	$61.8M	$235.8M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ONDOUSDT	+0.0100%	4h	0.4294	−0.279%	$66.9M	$125.9M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4297	−0.209%	$17.1M	$72.9M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4316	+0.237%	$70K	$83K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4297	−0.203%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4297	−0.209%	$12.0M	$16.4M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4298	−0.186%	$42.4M	$42.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4295	−0.255%	$12.0M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4297	−0.209%	$24.6M	$40.0M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4297	−0.209%	—	$23.6M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4301	−0.125%	$176K	$989K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4320	+0.321%	$648K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4302	−0.089%	$4K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4302	−0.081%	$402K	$1.3M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4300	−0.139%	$133K	$355K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4298	−0.188%	$67K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4301	−0.116%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4304	−0.046%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4300	−0.139%	$447	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4314	+0.186%	$128K	$429K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4299	−0.163%	$4.1M	$8.2M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4297	−0.202%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4299	−0.172%	$387K	$795K	25x	as long as short
Aevo ONDO-PERPshort	+0.0104%	1h	0.4303	−0.081%	$37K	$13K	3x
Deribit ONDO_USDC-PERPETUAL	+0.0215%	1h	0.4303	−0.070%	$18K	$362K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4346	+0.929%	$218K	$766K	50x	as long as short
Phoenix ONDOlong	+0.0332%	1h	0.4306	long leg	$34K	$223K	10x
BloFin ONDO-USDT	+0.0340%	4h	0.4305	−0.023%	$3.1M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0560% / S −0.0197%	1h	0.4301	−0.118%	$484K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1156%	1h	0.4298	−0.197%	$2K	—	20x	as long as short