Funding you earn now, next payment 02:00 UTC+0.1699%/8h= +186.1% APRnext payment +$2.12 per $10,000 · paid last 24h +0.075%
Price spread now: Hyperliquid against ApeX Omni−0.322%7-day average +0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$370.369% of the position
Funding, last 7 days+0.295%+$30 on $10k
+Price spread, last 3 days (all we have)+0.377%+$38 · spread now −0.322%, 7d avg +0.062%
=Together, before fees+0.672%+ Points / potential airdropHyperliquid: Season 2 · farm board+$67 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.384% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.322% now, against its 7-day average of +0.062%). If the spread goes back, that is −$38 on $10k: about 18 hours of funding at the current rate (+$51 a day). At the pace of the last 7 days (+0.295% in total) that is about 9.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.295% in total (about 15.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.12 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 | ApeX Omni ONDOUSDT | 0.4475 | −0.1599 | get 0.0200% / 1h | 55m 10s | $167K | $332K | 50x |
| Short | Hyperliquid ONDO | 0.4461 | 0.0100 | get 0.0013% / 1h | 55m 10s | $39.5M | $25.3M | 10x |
ApeX Omni ONDOUSDT
Hyperliquid ONDOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $356.85
- Price spread: −0.322% → +0.062%
- −$38.42
- Slippage, 4 orders
- −$17.92
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $281.51
- Costs to cover
- 0.369%
- Break-even
- 1.5 days
Slippage from ApeX Omni: live order book, 12 min ago; Hyperliquid: live order book, 8 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 ApeX Omni live order book, 12 min ago | 3.27 bp | 10.7 bp −$11 | 26.2 bp −$262 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 0.33 bp | 11.0 bp −$11 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni ONDOUSDTlong | −0.1599% | 1h | 0.4475 | long leg | $167K | $332K | 50x | |
| Kraken Futures PF_ONDOUSD | −0.0358% | 1h | 0.4460 | −0.340% | $2.7M | $8.0M | 50x | as long as short |
| dYdX ONDO-USD | 0.0000% | 1h | 0.4456 | −0.419% | $252K | $131K | 5x | as long as short |
| gTrade (Gains Network) ONDO/USD | L +0.0003% / S −0.0007% | 1h | 0.4457 | −0.393% | $7K | — | 150x | as long as short |
| Injective ONDO/USDC PERP | +0.0033% | 1h | 0.4568 | +2.078% | $888 | $216K | 5.5x | as long as short |
| Orderly PERP_ONDO_USDC | +0.0100% | 4h | 0.4458 | −0.380% | $24K | $6K | 10x | as long as short |
| Nado ONDO-PERP | +0.0100% | 1h | 0.4456 | −0.425% | $408K | $777K | 10x | as long as short |
| Hyperliquid ONDOshort | +0.0100% | 1h | 0.4461 | −0.322% | $39.5M | $25.3M | 10x | |
| Aster ONDOUSDT | +0.0100% | 4h | 0.4459 | −0.348% | $706K | $2.1M | 20x | as long as short |
| Binance ONDOUSDT | +0.0100% | 4h | 0.4460 | −0.335% | $65.8M | $226.2M | 75x | as long as short |
Kraken Futures PF_ONDOUSD
dYdX ONDO-USD
gTrade (Gains Network) ONDO/USD
Injective ONDO/USDC PERP
Orderly PERP_ONDO_USDC
Nado ONDO-PERP
Aster ONDOUSDT
Binance ONDOUSDTShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ONDOUSDT | +0.0100% | 4h | 0.4458 | −0.380% | $71.5M | $121.4M | 50x | as long as short |
| OKX ONDO-USDT-SWAP | +0.0100% | 4h | 0.4459 | −0.358% | $17.1M | $76.1M | 50x | as long as short |
| Ondo Perps ONDO-USD.P | +0.0100% | 1h | 0.4457 | −0.402% | $73K | $92K | 10x | as long as short |
| RISEx ONDO/USDC | +0.0100% | 1h | 0.4458 | −0.378% | — | — | 5x | as long as short |
| Gate ONDO_USDT | +0.0100% | 4h | 0.4458 | −0.380% | $11.7M | $15.7M | 50x | as long as short |
| MEXC ONDO_USDT | +0.0100% | 4h | 0.4457 | −0.402% | $45.5M | $41.3M | 200x | as long as short |
| KuCoin ONDOUSDTM | +0.0100% | 4h | 0.4458 | −0.380% | $13.5M | $10.9M | 50x | as long as short |
| Bitget ONDOUSDT | +0.0100% | 4h | 0.4458 | −0.380% | $25.2M | $39.5M | 50x | as long as short |
| BingX ONDO-USDT | +0.0100% | 4h | 0.4461 | −0.313% | — | $22.2M | — | as long as short |
| Backpack ONDO_USDC_PERP | +0.0100% | 1h | 0.4455 | −0.449% | $224K | $1.0M | 15x | as long as short |
| Variational Omni ONDO | +0.0100% | 4h | 0.4454 | −0.474% | $789K | $1.8M | — | as long as short |
| edgeX ONDOUSDC | +0.0100% | 4h | 0.4475 | −0.007% | $5K | $318K | 20x | as long as short |
| GRVT ONDO_USDT_Perp | +0.0100% | 4h | 0.4454 | −0.469% | $419K | $965K | 10x | as long as short |
| Polymarket Perps ONDO-USD | +0.0100% | 1h | 0.4461 | −0.322% | $116K | $1.2M | 10x | as long as short |
| SunX ONDO-USDT | +0.0100% | 4h | 0.4460 | −0.335% | — | $1.4M | 20x | as long as short |
| SoDEX ONDO-USD | +0.0100% | 1h | 0.4461 | −0.313% | $464 | $14K | 10x | as long as short |
| HTX ONDO-USDT | +0.0100% | 4h | 0.4468 | −0.156% | $130K | $499K | 50x | as long as short |
| Paradex ONDO-USD-PERP | +0.0101% | 8h | 0.4464 | −0.255% | $6K | — | 10x | as long as short |
| Extended ONDO-USD | +0.0104% | 1h | 0.4460 | −0.325% | $402K | $816K | 25x | as long as short |
| Aevo ONDO-PERP | +0.0104% | 1h | 0.4459 | −0.352% | $39K | $13K | 3x | as long as short |
| Deribit ONDO_USDC-PERPETUAL | +0.0199% | 1h | 0.4460 | −0.335% | $33K | $339K | 25x | as long as short |
| 01 Exchange ONDOUSD | +0.0216% | 1h | 0.4457 | −0.402% | $367 | $2K | 10x | as long as short |
| Phoenix ONDO | +0.0244% | 1h | 0.4508 | +0.733% | $37K | $231K | 10x | as long as short |
| Coinbase International ONDO-PERP-INTX | +0.0328% | 1h | 0.4466 | −0.201% | $290K | $800K | 50x | as long as short |
| BloFin ONDO-USDT | +0.0340% | 4h | 0.4457 | −0.402% | $3.3M | $3.0M | 75x | as long as short |
| Lighter ONDO | +0.0528% | 1h | 0.4468 | −0.150% | $1.4M | $2.1M | 10x | as long as short |
| GMX ONDO/USD [ETH-USDC] | L +0.0582% / S −0.0186% | 1h | 0.4458 | −0.388% | $532K | — | 100x | as long as short |
| Phemex ONDOUSDT | +0.0760% | 4h | 0.4464 | −0.246% | $4.3M | $7.2M | 50x | as long as short |
| Reya ONDORUSDPERP | +0.1146% | 1h | 0.4460 | −0.346% | $2K | — | 20x | as long as short |
Bybit ONDOUSDT
OKX ONDO-USDT-SWAP
Ondo Perps ONDO-USD.P
RISEx ONDO/USDC
Gate ONDO_USDT
MEXC ONDO_USDT
KuCoin ONDOUSDTM
Bitget ONDOUSDT
BingX ONDO-USDT
Backpack ONDO_USDC_PERP
Variational Omni ONDO
edgeX ONDOUSDC
GRVT ONDO_USDT_Perp
Polymarket Perps ONDO-USD
SunX ONDO-USDT
SoDEX ONDO-USD
HTX ONDO-USDT
Paradex ONDO-USD-PERP
Extended ONDO-USD
Aevo ONDO-PERP
Deribit ONDO_USDC-PERPETUAL
01 Exchange ONDOUSD
Phoenix ONDO
Coinbase International ONDO-PERP-INTX
BloFin ONDO-USDT
Lighter ONDO
GMX ONDO/USD [ETH-USDC]
Phemex ONDOUSDT
Reya ONDORUSDPERP