ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h +1.615%

Price spread now: dYdX against Extended−0.070%7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$322as in the Price arb table

costs, in and out, $10k−$3123.118% of the position

Long on Extended Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+2.695%+$270 on $10k

Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.070%, 7d avg +0.030%

Together, before fees+2.783%+ Points / potential airdropExtended: Active · farm board+$278 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.100% cheaper against Extended than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.030%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +2.695%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ONDO-USD	0.4418	0.0104	pay 0.0013% / 1h	25m 14s	$398K	$823K	25x
Short	dYdX ONDO-USD	0.4415	0	get 0.0000% / 1h	25m 14s	$250K	$130K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.070%Rate

Funding earned: −$21.84
Price spread: −0.070% → +0.030%: −$10.03
Slippage, 4 orders: −$296.84
Fee Extended: 2.5 bp × 2 orders: −$5
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$343.71
Costs to cover: 3.118%
Break-even: never at this rate

Slippage from Extended: live order book, 43 min ago; dYdX: live order book, 44 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	4.35 bp	6.8 bp −$7	16.0 bp −$160	doesn't fit	doesn't fit
Sell dYdX live order book, 44 min ago	130.76 bp	162.4 bp −$162	318.4 bp −$3,184	944.8 bp −$94.5K	1836.8 bp −$918.4K

ONDO on 38 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	−0.0362%	1h	0.4414	−0.094%	$2.6M	$8.1M	50x	as long as short
dYdX ONDO-USDshort	0.0000%	1h	0.4415	−0.070%	$250K	$130K	5x
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4419	+0.013%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.388%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4419	+0.016%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4422	+0.095%	$388K	$859K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4422	+0.084%	$673K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4421	+0.061%	$64.2M	$231.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4421	+0.061%	$70.1M	$125.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4420	+0.038%	$17.1M	$75.8M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4400	−0.417%	$72K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4418	−0.006%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4420	+0.038%	$11.6M	$16.4M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4420	+0.038%	$44.4M	$43.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4421	+0.061%	$13.2M	$11.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4421	+0.061%	$25.1M	$40.4M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4422	+0.084%	—	$761K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4422	+0.078%	$770K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4418	−0.004%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4419	+0.013%	$419K	$976K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4415	−0.075%	$136K	$367K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4423	+0.099%	$93K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4420	+0.038%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4420	+0.038%	$459	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4426	+0.174%	$130K	$512K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4419	+0.006%	$6K	—	10x	as long as short
Extended ONDO-USDlong	+0.0104%	1h	0.4418	long leg	$398K	$823K	25x
Aevo ONDO-PERP	+0.0104%	1h	0.4422	+0.084%	$38K	$13K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0114%	1h	0.4425	+0.149%	$202K	$1.0M	15x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0203%	1h	0.4420	+0.038%	$23K	$349K	25x	as long as short
Hyperliquid ONDO	+0.0301%	1h	0.4425	+0.163%	$39.2M	$25.7M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4422	+0.084%	$284K	$746K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4425	+0.140%	$35K	$231K	10x	as long as short
01 Exchange ONDOUSD	+0.0360%	1h	0.4424	+0.127%	$364	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0551% / S −0.0190%	1h	0.4419	+0.016%	$488K	—	100x	as long as short
Phemex ONDOUSDT	+0.0637%	4h	0.4415	−0.075%	$4.2M	$7.4M	50x	as long as short
Lighter ONDO	+0.0816%	1h	0.4426	+0.181%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1147%	1h	0.4421	+0.055%	$2K	—	20x	as long as short