ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.1168%/8h= +127.9% APRnext payment +$1.46 per $10,000 · paid last 24h +0.289%

Price spread now: Reya against Deribit−0.040%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 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 0.040% cheaper against Deribit than usual: you would sell low and buy high (spread −0.040% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 3 hours of funding at the current rate (+$35 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ONDO_USDC-PERPETUAL	0.4287	0	get 0.0000% / 1h	51m 54s	$21K	$354K	25x
Short	Reya ONDORUSDPERP	0.4285	0.1168	get 0.0146% / 1h	51m 54s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.040%Rate

Funding earned: $245.29
Price spread: −0.040% → 0.000%: −$3.97
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: $228.32
Costs to cover: 0.130%
Break-even: 0.5 days

Slippage unknown: Deribit: live order book, 55 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 Deribit live order book, 55 min ago	5.80 bp	11.6 bp −$12	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 exchanges

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	−0.0260%	1h	0.4286	−0.025%	$2.5M	$6.7M	50x	as long as short
Deribit ONDO_USDC-PERPETUALlong	0.0000%	1h	0.4287	long leg	$21K	$354K	25x
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4286	−0.034%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+6.555%	$888	$214K	5.5x	as long as short
Bybit ONDOUSDT	+0.0062%	4h	0.4284	−0.070%	$66.7M	$112.5M	50x	as long as short
Lighter ONDO	+0.0096%	1h	0.4290	+0.075%	$1.0M	$2.1M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4284	−0.070%	$23K	$7K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4284	−0.058%	$328K	$815K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4289	+0.042%	$36.2M	$26.2M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4288	+0.017%	$763K	$2.8M	20x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ONDOUSDT	+0.0100%	4h	0.4286	−0.023%	$61.8M	$211.7M	75x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4285	−0.047%	$17.1M	$65.2M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4286	−0.028%	$68K	$66K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4286	−0.015%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4285	−0.047%	$14.0M	$12.8M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4285	−0.047%	$43.8M	$39.2M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4285	−0.047%	$12.9M	$9.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4285	−0.047%	$24.8M	$30.7M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4285	−0.047%	—	$23.4M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4286	−0.023%	$180K	$975K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4291	+0.102%	$614K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4293	+0.144%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4294	+0.163%	$395K	$2.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4294	+0.163%	$85K	$350K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4288	+0.019%	$52K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4284	−0.070%	—	$1.2M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4285	−0.047%	$445	$17K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4295	+0.187%	$105K	$439K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4286	−0.023%	$4.1M	$8.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4283	−0.089%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4283	−0.104%	$348K	$760K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4287	0.000%	$37K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0120%	1h	0.4286	−0.021%	$353	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0162% / S +0.0061%	1h	0.4285	−0.037%	$271K	—	100x	as long as short
Phoenix ONDO	+0.0167%	1h	0.4302	+0.348%	$35K	$204K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0240%	1h	0.4305	+0.420%	$212K	$549K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4287	0.000%	$3.2M	$2.9M	75x	as long as short
Reya ONDORUSDPERPshort	+0.1168%	1h	0.4285	−0.040%	$2K	—	20x
dYdX ONDO-USD	+0.3911%	1h	0.4288	+0.020%	$245K	$159K	5x	as long as short