ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.2387%/8h= +261.3% APRnext payment +$2.98 per $10,000 · paid last 24h +1.642%

Price spread now: dYdX against Deribit−0.118%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs−$423as in the Price arb table

costs, in and out, $10k−$4144.142% of the position

Long on Deribit Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+2.717%+$272 on $10k

Price spread, last 3 days (all we have)+0.107%+$11 · spread now −0.118%, 7d avg −0.032%

Together, before fees+2.824%+$282 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.085% cheaper against Deribit than usual: you would sell low and buy high (spread −0.118% now, against its 7-day average of −0.032%). If the spread goes back, that is −$9 on $10k: about 3 hours of funding at the current rate (+$72 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ONDO_USDC-PERPETUAL	0.4582	0	get 0.0000% / 1h	1m 17s	$35K	$363K	25x
Short	dYdX ONDO-USD	0.4577	0.2387	get 0.0298% / 1h	1m 17s	$259K	$132K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Deribit. 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 DeribitbpFee dYdXbpOrdersPrice spread, now −0.118%Rate

Funding earned: $501.18
Price spread: −0.118% → −0.032%: −$8.52
Slippage, 4 orders: −$397.2
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: $78.46
Costs to cover: 4.142%
Break-even: 5.9 days

Slippage from Deribit: live order book, 12 min ago; dYdX: live order book, 13 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 Deribit live order book, 12 min ago	6.57 bp	10.1 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell dYdX live order book, 13 min ago	91.11 bp	293.6 bp −$294	295.5 bp −$2,955	607.8 bp −$60.8K	1660.0 bp −$830.0K

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	−0.0796%	1h	0.4579	−0.059%	$2.8M	$8.0M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	−0.306%	$888	$216K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUALlong	0.0000%	1h	0.4582	long leg	$35K	$363K	25x
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4576	−0.124%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4579	−0.065%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4576	−0.131%	$439K	$705K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4580	−0.035%	$40.5M	$26.3M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4579	−0.055%	$725K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4577	−0.102%	$68.5M	$226.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4579	−0.065%	$74.1M	$120.6M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4578	−0.087%	$17.7M	$80.2M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4586	+0.092%	$75K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4576	−0.134%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4574	−0.175%	$12.0M	$18.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4576	−0.131%	$49.1M	$43.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4576	−0.131%	$14.2M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4581	−0.022%	$25.9M	$40.3M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4578	−0.087%	—	$22.2M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4577	−0.113%	$229K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4574	−0.177%	$815K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4582	−0.004%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4572	−0.218%	$422K	$949K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4583	+0.022%	$175K	$311K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4579	−0.061%	$69K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4575	−0.153%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4581	−0.022%	$476	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4594	+0.262%	$135K	$503K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4581	−0.022%	$4.6M	$7.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4576	−0.128%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4580	−0.052%	$409K	$844K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4583	+0.022%	$45K	$8K	3x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4577	−0.111%	$38K	$257K	10x	as long as short
01 Exchange ONDOUSD	+0.0272%	1h	0.4578	−0.083%	$377	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4581	−0.022%	$297K	$844K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4577	−0.109%	$3.3M	$3.3M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0589% / S −0.0188%	1h	0.4576	−0.124%	$546K	—	100x	as long as short
Lighter ONDO	+0.0648%	1h	0.4584	+0.044%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1144%	1h	0.4576	−0.135%	$2K	—	20x	as long as short
dYdX ONDO-USDshort	+0.2387%	1h	0.4577	−0.118%	$259K	$132K	5x