ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0085%/8h= −9.4% APRnext payment −$0.11 per $10,000 · paid last 24h −0.001%

Price spread now: Aevo against Backpack−0.093%7-day average — · you buy dearer than you sell

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

Long on Backpack 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 −$3 a day on $10k at the current rate, and Aevo is 0.093% cheaper against Backpack than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ONDO_USDC_PERP	0.4402	0.0189	pay 0.0024% / 1h	44m 48s	$190K	$980K	15x
Short	Aevo ONDO-PERP	0.4397	0.0104	get 0.0013% / 1h	44m 48s	$38K	$13K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Backpack. 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 BackpackbpFee AevobpOrdersPrice spread, now −0.093%Rate

Funding earned: −$17.94
Price spread: −0.093% → 0.000%: −$9.31
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$53.26
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 24 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 Backpack live order book, 24 min ago	1.94 bp	8.1 bp −$8	doesn't fit	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
dYdX ONDO-USD	0.0000%	1h	0.4398	−0.071%	$249K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4393	−0.200%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.780%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4395	−0.151%	$2.6M	$8.1M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4394	−0.173%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4395	−0.139%	$373K	$837K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4402	−0.001%	$711K	$2.3M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4394	−0.162%	$63.9M	$225.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4391	−0.241%	$69.2M	$122.6M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4397	−0.105%	$17.0M	$71.9M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4372	−0.677%	$72K	$86K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4391	−0.249%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4397	−0.105%	$11.6M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4399	−0.059%	$46.9M	$41.2M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4401	−0.014%	$13.1M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4399	−0.059%	$25.1M	$39.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4398	−0.082%	—	$22.0M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4381	−0.474%	$709K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4381	−0.478%	$4K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4382	−0.444%	$411K	$987K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4392	−0.218%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4395	−0.159%	$70K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4396	−0.127%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4396	−0.127%	$457	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4401	−0.014%	$129K	$476K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4391	−0.248%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4402	+0.018%	$396K	$789K	25x	as long as short
Aevo ONDO-PERPshort	+0.0104%	1h	0.4397	−0.093%	$38K	$13K	3x
Phemex ONDOUSDT	+0.0111%	4h	0.4395	−0.150%	$4.2M	$7.6M	50x	as long as short
Hyperliquid ONDO	+0.0135%	1h	0.4399	−0.061%	$38.2M	$24.4M	10x	as long as short
Backpack ONDO_USDC_PERPlong	+0.0189%	1h	0.4402	long leg	$190K	$980K	15x
Phoenix ONDO	+0.0272%	1h	0.4416	+0.325%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4393	−0.195%	$3.1M	$3.0M	75x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4387	−0.332%	$281K	$699K	50x	as long as short
01 Exchange ONDOUSD	+0.0384%	1h	0.4396	−0.129%	$362	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0433%	1h	0.4396	−0.127%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0550% / S −0.0190%	1h	0.4392	−0.214%	$484K	—	100x	as long as short
Lighter ONDO	+0.0856%	1h	0.4405	+0.073%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1149%	1h	0.4396	−0.122%	$2K	—	20x	as long as short