ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1043%/8h= +114.2% APRnext payment +$1.30 per $10,000 · paid last 24h +0.303%

Price spread now: Reya against Backpack−0.173%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 Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.173% cheaper against Backpack than usual: you would sell low and buy high (spread −0.173% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 13 hours of funding at the current rate (+$31 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ONDO_USDC_PERP	0.4548	0.0100	pay 0.0013% / 1h	28m 21s	$229K	$1.0M	15x
Short	Reya ONDORUSDPERP	0.4540	0.1143	get 0.0143% / 1h	28m 21s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.173%Rate

Funding earned: $219.02
Price spread: −0.173% → 0.000%: −$17.31
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $185.71
Costs to cover: 0.160%
Break-even: 1.1 days

Slippage unknown: Backpack: live order book, 1 min ago; Reya: 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, 1 min ago	0.99 bp	9.0 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	−0.0803%	1h	0.4545	−0.064%	$2.8M	$8.1M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	+0.444%	$888	$216K	5.5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4540	−0.168%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4540	−0.172%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4541	−0.150%	$436K	$710K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4544	−0.079%	$720K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4541	−0.139%	$68.0M	$227.7M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4540	−0.172%	$73.6M	$123.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4539	−0.194%	$17.6M	$80.6M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4549	+0.020%	$74K	$89K	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	0.4540	−0.172%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4538	−0.215%	$11.9M	$18.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4540	−0.172%	$48.7M	$43.5M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4542	−0.128%	$14.0M	$11.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4540	−0.172%	$25.6M	$41.3M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4541	−0.150%	—	$739K	—	as long as short
Backpack ONDO_USDC_PERPlong	+0.0100%	1h	0.4548	long leg	$229K	$1.0M	15x
Variational Omni ONDO	+0.0100%	4h	0.4542	−0.128%	$779K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4548	−0.005%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4544	−0.093%	$419K	$960K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4548	+0.004%	$172K	$312K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4543	−0.099%	$69K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4545	−0.062%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4546	−0.040%	$473	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4566	+0.400%	$134K	$505K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4547	−0.018%	$4.6M	$6.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4541	−0.154%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4539	−0.190%	$407K	$844K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4548	+0.004%	$44K	$8K	3x	as long as short
Hyperliquid ONDO	+0.0167%	1h	0.4544	−0.086%	$40.2M	$26.6M	10x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4547	−0.011%	$38K	$257K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4548	+0.004%	$297K	$844K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4546	−0.040%	$3.3M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0352%	1h	0.4544	−0.086%	$374	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0410%	1h	0.4548	+0.004%	$36K	$436K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0586% / S −0.0188%	1h	0.4540	−0.166%	$542K	—	100x	as long as short
Lighter ONDO	+0.0800%	1h	0.4550	+0.048%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERPshort	+0.1143%	1h	0.4540	−0.173%	$2K	—	20x
dYdX ONDO-USD	+0.4072%	1h	0.4543	−0.106%	$257K	$132K	5x	as long as short