ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0864%/8h= +94.6% APRnext payment +$1.08 per $10,000 · paid last 24h −1.321%

Price spread now: Lighter against dYdX+0.222%7-day average +0.121% · you sell dearer than you buy

Net, funding: paid 7d − costs−$475as in the Funding arb table

Net, price: spread back to 7d avg − costs−$215as in the Price arb table

costs, in and out, $10k−$2252.248% of the position

Long on dYdX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−2.506%−$251 on $10k

Price spread, last 4 days (all we have)−0.191%−$19 · spread now +0.222%, 7d avg +0.121%

Together, before fees−2.696%+ Points / potential airdropLighter: Season 3 · farm board−$270 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Lighter is 0.101% dearer against dYdX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.121%. Mind the row above: over the last 7 days funding on this pair cost −2.506%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ONDO-USD	0.4403	0	get 0.0000% / 1h	34m 35s	$249K	$129K	5x
Short	Lighter ONDO	0.4413	0.0864	get 0.0108% / 1h	34m 35s	$1.4M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.222%Rate

Funding earned: $181.44
Price spread: +0.222% → +0.121%: $10.1
Slippage, 4 orders: −$214.78
Fee dYdX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$33.25
Costs to cover: 2.248%
Break-even: 8.3 days

Slippage from dYdX: live order book, 30 min ago; Lighter: live order book, 2 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, 30 min ago	83.09 bp	88.1 bp −$88	88.1 bp −$881	116.7 bp −$11.7K	746.7 bp −$373.3K
Sell Lighter live order book, 2 min ago	6.01 bp	8.7 bp −$9	28.4 bp −$284	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
dYdX ONDO-USDlong	0.0000%	1h	0.4403	long leg	$249K	$129K	5x
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4412	+0.197%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.745%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4413	+0.222%	$2.6M	$8.1M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4412	+0.202%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4412	+0.213%	$374K	$837K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4405	+0.045%	$64.0M	$226.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4404	+0.020%	$69.6M	$122.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4408	+0.111%	$17.0M	$72.0M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4396	−0.171%	$72K	$86K	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	0.4408	+0.105%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4404	+0.020%	$11.6M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4407	+0.088%	$46.8M	$41.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4404	+0.020%	$12.9M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4407	+0.088%	$25.1M	$39.7M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4408	+0.111%	—	$21.9M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4409	+0.125%	$713K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4397	−0.144%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4402	−0.025%	$406K	$983K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4397	−0.139%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4415	+0.265%	$71K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4413	+0.224%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4416	+0.293%	$459	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4420	+0.383%	$130K	$473K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4414	+0.247%	$4.2M	$7.6M	50x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4407	+0.089%	$399K	$789K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4417	+0.326%	$38K	$13K	3x	as long as short
Paradex ONDO-USD-PERP	+0.0105%	8h	0.4408	+0.115%	$6K	—	10x	as long as short
Aster ONDOUSDT	+0.0148%	4h	0.4412	+0.210%	$712K	$2.3M	20x	as long as short
Hyperliquid ONDO	+0.0174%	1h	0.4409	+0.129%	$38.3M	$24.4M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0194%	1h	0.4416	+0.288%	$190K	$979K	15x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4398	−0.125%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4415	+0.270%	$3.1M	$3.0M	75x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4407	+0.088%	$283K	$703K	50x	as long as short
01 Exchange ONDOUSD	+0.0376%	1h	0.4415	+0.265%	$363	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0430%	1h	0.4415	+0.270%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0552% / S −0.0190%	1h	0.4411	+0.186%	$487K	—	100x	as long as short
Lighter ONDOshort	+0.0864%	1h	0.4413	+0.222%	$1.4M	$2.1M	10x
Reya ONDORUSDPERP	+0.1149%	1h	0.4415	+0.268%	$2K	—	20x	as long as short