ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h −0.014%

Price spread now: Extended against Deribit−0.044%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$330.327% of the position

Long on Deribit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now −0.044%, 7d avg −0.059%

Together, before fees+0.031%+ Points / potential airdropExtended: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.059%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ONDO_USDC-PERPETUAL	0.4312	0	get 0.0000% / 1h	38m 16s	$18K	$362K	25x
Short	Extended ONDO-USD	0.4310	0.0104	get 0.0013% / 1h	38m 16s	$387K	$795K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.044%Rate

Funding earned: $21.84
Price spread: −0.044% → −0.059%: $1.49
Slippage, 4 orders: −$20.72
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$9.39
Costs to cover: 0.327%
Break-even: 10.0 days

Slippage from Deribit: live order book, 10 min ago; Extended: live order book, 10 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, 10 min ago	5.76 bp	11.6 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 10 min ago	3.45 bp	6.0 bp −$6	15.3 bp −$153	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
Kraken Futures PF_ONDOUSD	−0.0242%	1h	0.4309	−0.072%	$2.5M	$7.8M	50x	as long as short
Deribit ONDO_USDC-PERPETUALlong	0.0000%	1h	0.4312	long leg	$18K	$362K	25x
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4308	−0.093%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0023%	1h	0.4306	−0.131%	$242K	$137K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.937%	$888	$216K	5.5x	as long as short
01 Exchange ONDOUSD	+0.0048%	1h	0.4309	−0.072%	$355	$2K	10x	as long as short
Lighter ONDO	+0.0096%	1h	0.4315	+0.063%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4311	−0.017%	$351K	$876K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4311	−0.016%	$36.1M	$25.7M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4312	0.000%	$775K	$2.6M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ONDOUSDT	+0.0100%	4h	0.4312	0.000%	$62.1M	$235.2M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4312	0.000%	$67.1M	$125.7M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4314	+0.046%	$17.2M	$73.1M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4314	+0.051%	$71K	$83K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4307	−0.107%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4309	−0.070%	$12.0M	$16.3M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4309	−0.070%	$42.6M	$42.2M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4309	−0.070%	$12.0M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4311	−0.023%	$24.7M	$40.0M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4310	−0.046%	—	$23.6M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4304	−0.181%	$176K	$986K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4307	−0.120%	$646K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4321	+0.212%	$4K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4306	−0.137%	$399K	$1.2M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4310	−0.046%	$133K	$355K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4311	−0.016%	$68K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4308	−0.093%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4310	−0.046%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4312	0.000%	$448	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4317	+0.116%	$128K	$429K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4312	0.000%	$4.1M	$8.2M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4308	−0.098%	$6K	—	10x	as long as short
Extended ONDO-USDshort	+0.0104%	1h	0.4310	−0.044%	$387K	$795K	25x
Aevo ONDO-PERP	+0.0104%	1h	0.4313	+0.023%	$37K	$13K	3x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4346	+0.788%	$218K	$766K	50x	as long as short
Phoenix ONDO	+0.0332%	1h	0.4323	+0.262%	$34K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4304	−0.186%	$3.1M	$3.0M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0561% / S −0.0197%	1h	0.4307	−0.106%	$485K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1156%	1h	0.4311	−0.022%	$2K	—	20x	as long as short