ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0138%/8h= +15.1% APRnext payment +$0.17 per $10,000 · paid last 24h +0.067%

Price spread now: Hyperliquid against Extended+0.048%7-day average +0.146% · you sell dearer than you buy

Net, funding: paid 7d − costs$0as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$280.284% of the position

Long on Extended Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.281%+$28 on $10k

Price spread, last 4 days (all we have)+0.111%+$11 · spread now +0.048%, 7d avg +0.146%

Together, before fees+0.392%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.098% cheaper against Extended than usual: you would sell low and buy high (spread +0.048% now, against its 7-day average of +0.146%). If the spread goes back, that is −$10 on $10k: about 2.4 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ONDO-USD	0.4384	0.0104	pay 0.0013% / 1h	10m 07s	$396K	$824K	25x
Short	Hyperliquid ONDO	0.4386	0.0242	get 0.0030% / 1h	10m 07s	$38.5M	$25.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.048%Rate

Funding earned: $29.05
Price spread: +0.048% → +0.146%: −$9.8
Slippage, 4 orders: −$14.43
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$9.19
Costs to cover: 0.284%
Break-even: 9.2 days

Slippage from Extended: live order book, 58 min ago; Hyperliquid: 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 Extended live order book, 58 min ago	4.35 bp	6.8 bp −$7	16.0 bp −$160	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 3 min ago	0.23 bp	6.3 bp −$6	doesn't fit	doesn't fit	doesn't fit

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	−0.0364%	1h	0.4384	−0.021%	$2.6M	$8.1M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4392	+0.176%	$249K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4387	+0.060%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.187%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4388	+0.082%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4392	+0.184%	$380K	$859K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4392	+0.168%	$676K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4386	+0.034%	$63.6M	$231.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4386	+0.036%	$69.5M	$124.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4385	+0.013%	$17.0M	$74.4M	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	0.4399	+0.335%	$72K	$87K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4391	+0.146%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4383	−0.032%	$11.5M	$16.5M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4386	+0.036%	$46.1M	$43.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4386	+0.036%	$13.0M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4386	+0.036%	$24.9M	$40.1M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4385	+0.013%	—	$22.3M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4398	+0.304%	$762K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4403	+0.428%	$5K	$321K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4407	+0.512%	$406K	$978K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4405	+0.470%	$135K	$355K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4393	+0.203%	$90K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4390	+0.127%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4386	+0.036%	$456	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4394	+0.219%	$129K	$505K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4394	+0.215%	$6K	—	10x	as long as short
Extended ONDO-USDlong	+0.0104%	1h	0.4384	long leg	$396K	$824K	25x
Aevo ONDO-PERP	+0.0104%	1h	0.4388	+0.077%	$38K	$13K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0164%	1h	0.4385	+0.025%	$195K	$1.0M	15x	as long as short
Hyperliquid ONDOshort	+0.0242%	1h	0.4386	+0.048%	$38.5M	$25.9M	10x
Phemex ONDOUSDT	+0.0286%	4h	0.4385	+0.013%	$4.2M	$7.5M	50x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4422	+0.857%	$284K	$712K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4409	+0.570%	$35K	$231K	10x	as long as short
01 Exchange ONDOUSD	+0.0352%	1h	0.4395	+0.235%	$362	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0434%	1h	0.4390	+0.127%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0550% / S −0.0190%	1h	0.4387	+0.060%	$484K	—	100x	as long as short
Lighter ONDO	+0.0784%	1h	0.4393	+0.191%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1148%	1h	0.4391	+0.154%	$2K	—	20x	as long as short