ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.1972%/8h= −216.0% APRnext payment −$2.47 per $10,000 · paid last 24h −1.201%

Price spread now: Kraken Futures against dYdX+0.010%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$369as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1221.217% of the position

Long on dYdX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−2.478%−$248 on $10k

Price spread, last 4 days (all we have)−0.329%−$33 · spread now +0.010%, 7d avg +0.073%

Together, before fees−2.807%−$281 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$59 a day on $10k at the current rate, and Kraken Futures is 0.063% cheaper against dYdX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.073%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ONDO-USD	0.4340	0.1796	pay 0.0225% / 1h	46m 12s	$244K	$155K	5x
Short	Kraken Futures PF_ONDOUSD	0.4340	−0.0176	pay 0.0022% / 1h	46m 12s	$2.5M	$7.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$414.2
Price spread: +0.010% → +0.073%: −$6.27
Slippage, 4 orders: −$101.68
Fee dYdX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$542.15
Costs to cover: 1.217%
Break-even: never at this rate

Slippage from dYdX: live order book, 53 min ago; Kraken Futures: live order book, 3 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 dYdX live order book, 53 min ago	34.48 bp	40.8 bp −$41	105.4 bp −$1,054	149.5 bp −$14.9K	800.2 bp −$400.1K
Sell Kraken Futures live order book, 3 min ago	3.46 bp	21.4 bp −$21	29.9 bp −$299	379.2 bp −$37.9K	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_ONDOUSDshort	−0.0176%	1h	0.4340	+0.010%	$2.5M	$7.8M	50x
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4341	+0.035%	$18K	$351K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4340	+0.010%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.266%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4345	+0.127%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4342	+0.063%	$347K	$890K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4343	+0.081%	$762K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4341	+0.030%	$63.4M	$233.7M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4339	−0.012%	$68.5M	$121.7M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4341	+0.035%	$17.4M	$72.1M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4337	−0.062%	$71K	$81K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4340	+0.007%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4340	+0.012%	$13.2M	$15.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4340	+0.012%	$44.5M	$41.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4341	+0.035%	$12.1M	$10.4M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4341	+0.035%	$24.9M	$36.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4341	+0.035%	—	$23.1M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4341	+0.041%	$181K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4339	−0.016%	$680K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4339	−0.023%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4336	−0.081%	$401K	$1.6M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4341	+0.035%	$134K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4340	+0.023%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4340	+0.012%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4340	+0.012%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4341	+0.035%	$2K	$15K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4351	+0.265%	$129K	$369K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4341	+0.035%	$4.2M	$9.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4342	+0.056%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4339	−0.002%	$366K	$830K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4342	+0.058%	$38K	$13K	3x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4346	+0.150%	$215K	$734K	50x	as long as short
Phoenix ONDO	+0.0277%	1h	0.4338	−0.044%	$35K	$218K	10x	as long as short
01 Exchange ONDOUSD	+0.0312%	1h	0.4344	+0.092%	$357	$2K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4344	+0.104%	$3.2M	$3.2M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0574% / S −0.0203%	1h	0.4339	−0.012%	$496K	—	100x	as long as short
Hyperliquid ONDO	+0.0640%	1h	0.4347	+0.166%	$36.7M	$27.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1162%	1h	0.4340	+0.017%	$2K	—	20x	as long as short
dYdX ONDO-USDlong	+0.1796%	1h	0.4340	long leg	$244K	$155K	5x