ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0226%/8h= −24.7% APRnext payment −$0.28 per $10,000 · paid last 24h −1.863%

Price spread now: Injective against dYdX+4.963%7-day average −0.790% · you sell dearer than you buy

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

Long on dYdX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−6.133%−$613 on $10k

Price spread, last 4 days (all we have)−5.539%−$554 · spread now +4.963%, 7d avg −0.790%

Together, before fees−11.672%−$1,167 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 5.753% dearer against dYdX than usual: you sell high and buy low (spread +4.963% now, against its 7-day average of −0.790%): +$575 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3 months. At the pace of the last 7 days (−6.133% in total) that is about 6.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ONDO-USD	0.4352	0.0259	pay 0.0032% / 1h	48m 34s	$246K	$129K	5x
Short	Injective ONDO/USDC PERP	0.4568	0.0033	get 0.0004% / 1h	48m 34s	$888	$216K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against dYdX. 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 dYdXbpFee InjectivebpOrdersPrice spread, now +4.963%Rate

Funding earned: −$47.37
Price spread: +4.963% → −0.790%: $575.27
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $517.88
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: dYdX: live order book, 11 min ago; Injective: 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 dYdX live order book, 11 min ago	27.22 bp	34.2 bp −$34	94.8 bp −$948	148.1 bp −$14.8K	610.8 bp −$305.4K
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4360	+0.181%	$7K	—	150x	as long as short
Injective ONDO/USDC PERPshort	+0.0033%	1h	0.4568	+4.963%	$888	$216K	5.5x
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4351	−0.027%	$2.6M	$8.0M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4349	−0.069%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4362	+0.229%	$369K	$843K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4364	+0.264%	$37.4M	$24.5M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4361	+0.206%	$62.9M	$228.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4359	+0.160%	$69.0M	$124.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4358	+0.137%	$16.7M	$71.9M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4344	−0.187%	$72K	$84K	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	0.4360	+0.195%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4357	+0.115%	$11.5M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4362	+0.229%	$45.7M	$41.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4359	+0.160%	$12.6M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4360	+0.183%	$24.9M	$39.7M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4360	+0.183%	—	$21.8M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4354	+0.052%	$187K	$981K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4365	+0.292%	$707K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4390	+0.866%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4389	+0.850%	$405K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4366	+0.321%	$134K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4361	+0.211%	$67K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4351	−0.023%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4352	0.000%	$452	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4358	+0.137%	$126K	$477K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4352	0.000%	$4.2M	$7.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4358	+0.132%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4359	+0.151%	$395K	$793K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4351	−0.023%	$38K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0199%	4h	0.4358	+0.139%	$731K	$2.4M	20x	as long as short
01 Exchange ONDOUSD	+0.0232%	1h	0.4363	+0.243%	$359	$2K	10x	as long as short
Lighter ONDO	+0.0256%	1h	0.4359	+0.163%	$1.1M	$2.4M	10x	as long as short
dYdX ONDO-USDlong	+0.0259%	1h	0.4352	long leg	$246K	$129K	5x
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4394	+0.965%	$276K	$719K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4352	0.000%	$3.1M	$2.9M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4354	+0.036%	$35K	$223K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0440%	1h	0.4352	0.000%	$23K	$346K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0548% / S −0.0190%	1h	0.4349	−0.069%	$480K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1151%	1h	0.4359	+0.171%	$2K	—	20x	as long as short