ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0140%/8h= +15.3% APRnext payment +$0.18 per $10,000 · paid last 24h +0.161%

Price spread now: Lighter against ApeX Omni+0.731%78s7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as 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−$380.385% of the position

Long on ApeX Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.215%+$21 on $10k

Price spread, last 4 days (all we have)−0.948%−$95 · spread now +0.731%, 7d avg +0.058%

Together, before fees−0.734%+ Points / potential airdropLighter: Season 3 · farm board−$73 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.673% dearer against ApeX Omni than usual: you sell high and buy low: +$67 more if the spread goes back to its 7-day average of +0.058%. The two prices were read 78 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	ApeX Omni ONDOUSDT	0.4350	0.0100	pay 0.0013% / 1h	46m 02s	$134K	$355K	50x
Short	Lighter ONDO	0.4382	0.0240	get 0.0030% / 1h	46m 02s	$1.1M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 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 ApeX OmnibpFee LighterbpOrdersPrice spread, now +0.731%Rate

Funding earned: $29.4
Price spread: +0.731% → +0.058%: $67.28
Slippage, 4 orders: −$28.47
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $58.21
Costs to cover: 0.385%
Break-even: from the start

Slippage from ApeX Omni: live order book, 11 min ago; Lighter: live order book, 6 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, 11 min ago	2.28 bp	7.6 bp −$8	30.9 bp −$309	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	8.12 bp	12.8 bp −$13	23.3 bp −$233	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
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4373	+0.526%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4377	+0.623%	$2.6M	$8.0M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.011%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4375	+0.575%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4378	+0.638%	$370K	$843K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4379	+0.657%	$37.6M	$24.5M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4376	+0.598%	$63.0M	$229.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4375	+0.575%	$69.2M	$124.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4376	+0.598%	$16.8M	$72.3M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4344	−0.140%	$72K	$84K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4374	+0.541%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4375	+0.575%	$11.5M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4377	+0.621%	$45.8M	$41.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4375	+0.575%	$12.7M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4375	+0.575%	$25.0M	$39.7M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4377	+0.621%	—	$21.9M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4378	+0.646%	$187K	$981K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4374	+0.545%	$709K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4353	+0.070%	$4K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4355	+0.124%	$402K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDTlong	+0.0100%	1h	0.4350	long leg	$134K	$355K	50x
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4375	+0.586%	$67K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4377	+0.621%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4380	+0.690%	$455	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4384	+0.782%	$127K	$477K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4377	+0.621%	$4.2M	$7.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4379	+0.664%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4374	+0.548%	$395K	$793K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4378	+0.654%	$38K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0212%	4h	0.4378	+0.644%	$736K	$2.4M	20x	as long as short
01 Exchange ONDOUSD	+0.0232%	1h	0.4375	+0.586%	$360	$2K	10x	as long as short
Lighter ONDOshort	+0.0240%	1h	0.4382	+0.731%	$1.1M	$2.4M	10x
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4394	+1.011%	$276K	$719K	50x	as long as short
dYdX ONDO-USD	+0.0334%	1h	0.4375	+0.580%	$248K	$129K	5x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4375	+0.575%	$3.1M	$2.9M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4354	+0.083%	$35K	$223K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0606% / S −0.0219%	1h	0.4372	+0.503%	$520K	—	100x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0664%	1h	0.4379	+0.667%	$23K	$346K	25x	as long as short
Reya ONDORUSDPERP	+0.1151%	1h	0.4373	+0.522%	$2K	—	20x	as long as short