ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Backpack against Extended+0.040%48s7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$340.337% of the position

Long on Extended Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.040%, 7d avg +0.063%

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.023% cheaper against Extended than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.063%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ONDO-USD	0.4546	0.0104	pay 0.0013% / 1h	35m 13s	$407K	$843K	25x
Short	Backpack ONDO_USDC_PERP	0.4548	0.0100	get 0.0013% / 1h	35m 13s	$229K	$1.0M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Extended. 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 ExtendedbpFee BackpackbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$0.84
Price spread: +0.040% → +0.063%: −$2.34
Slippage, 4 orders: −$18.74
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$36.92
Costs to cover: 0.337%
Break-even: never at this rate

Slippage from Extended: live order book, 43 min ago; Backpack: live order book, 4 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 Extended live order book, 43 min ago	2.17 bp	6.6 bp −$7	15.1 bp −$151	doesn't fit	doesn't fit
Sell Backpack live order book, 4 min ago	1.21 bp	10.1 bp −$10	doesn't fit	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	−0.0802%	1h	0.4547	+0.013%	$2.8M	$8.1M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	+0.477%	$888	$216K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4547	+0.016%	$36K	$436K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4547	+0.022%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4546	−0.006%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4548	+0.048%	$437K	$711K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4551	+0.112%	$721K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4548	+0.033%	$68.1M	$228.3M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4547	+0.016%	$73.7M	$123.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4546	−0.006%	$17.7M	$81.0M	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	0.4544	−0.048%	$74K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4550	+0.091%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4546	−0.006%	$11.9M	$18.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4547	+0.016%	$49.3M	$43.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4549	+0.059%	$14.0M	$11.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4547	+0.016%	$25.7M	$41.5M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4549	+0.059%	—	$22.2M	—	as long as short
Backpack ONDO_USDC_PERPshort	+0.0100%	1h	0.4548	+0.040%	$229K	$1.0M	15x
Variational Omni ONDO	+0.0100%	4h	0.4545	−0.029%	$780K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4551	+0.101%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4551	+0.103%	$420K	$960K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4553	+0.147%	$173K	$312K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4553	+0.139%	$69K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4551	+0.103%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4547	+0.016%	$473	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4559	+0.279%	$133K	$504K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4548	+0.037%	$4.6M	$6.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4548	+0.040%	$7K	$9	10x	as long as short
Extended ONDO-USDlong	+0.0104%	1h	0.4546	long leg	$407K	$843K	25x
Aevo ONDO-PERP	+0.0104%	1h	0.4550	+0.081%	$44K	$8K	3x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4555	+0.183%	$38K	$257K	10x	as long as short
Hyperliquid ONDO	+0.0259%	1h	0.4553	+0.141%	$40.3M	$26.6M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4548	+0.037%	$297K	$850K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4547	+0.016%	$3.3M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0376%	1h	0.4554	+0.165%	$375	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0586% / S −0.0188%	1h	0.4547	+0.017%	$543K	—	100x	as long as short
Lighter ONDO	+0.0824%	1h	0.4555	+0.200%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1143%	1h	0.4549	+0.069%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.4497%	1h	0.4546	−0.002%	$257K	$132K	5x	as long as short