ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0071%/8h= −7.7% APRnext payment −$0.09 per $10,000 · paid last 24h −0.576%

Price spread now: Injective against Extended+3.890%7-day average −0.880% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−3.435%−$343 on $10k

Price spread, last 3 days (all we have)−4.678%−$468 · spread now +3.890%, 7d avg −0.880%

Together, before fees−8.113%+ Points / potential airdropExtended: Active · farm board−$811 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 4.770% dearer against Extended than usual: you sell high and buy low (spread +3.890% now, against its 7-day average of −0.880%): +$477 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7 months. At the pace of the last 7 days (−3.435% in total) that is about 9.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ONDO-USD	0.4397	0.0104	pay 0.0013% / 1h	5m 08s	$396K	$824K	25x
Short	Injective ONDO/USDC PERP	0.4568	0.0033	get 0.0004% / 1h	5m 08s	$888	$216K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now +3.890%Rate

Funding earned: −$14.84
Price spread: +3.890% → −0.880%: $476.97
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $457.11
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Extended: live order book, 63 min ago; Injective: no order-book sample. Net counts fees only.

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, 63 min ago	4.35 bp	6.8 bp −$7	16.0 bp −$160	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0363%	1h	0.4396	−0.022%	$2.6M	$8.2M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4393	−0.088%	$249K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4395	−0.038%	$6K	—	150x	as long as short
Injective ONDO/USDC PERPshort	+0.0033%	1h	0.4568	+3.890%	$888	$216K	5.5x
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4396	−0.022%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4397	+0.001%	$380K	$840K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4400	+0.063%	$670K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4399	+0.045%	$63.8M	$228.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4399	+0.046%	$69.7M	$124.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4399	+0.046%	$17.0M	$74.1M	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	0.4389	−0.193%	$72K	$86K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4395	−0.056%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4396	−0.022%	$11.6M	$16.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4398	+0.023%	$46.5M	$43.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4398	+0.023%	$13.1M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4397	+0.001%	$25.0M	$39.8M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4398	+0.023%	—	$22.2M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4393	−0.097%	$761K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4392	−0.109%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4386	−0.259%	$404K	$978K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4389	−0.181%	$135K	$355K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4399	+0.046%	$90K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4398	+0.023%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4399	+0.046%	$457	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4402	+0.114%	$129K	$497K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4398	+0.014%	$6K	—	10x	as long as short
Extended ONDO-USDlong	+0.0104%	1h	0.4397	long leg	$396K	$824K	25x
Aevo ONDO-PERP	+0.0104%	1h	0.4400	+0.057%	$38K	$13K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0168%	1h	0.4399	+0.044%	$196K	$994K	15x	as long as short
Phemex ONDOUSDT	+0.0225%	4h	0.4397	+0.001%	$4.2M	$7.5M	50x	as long as short
Hyperliquid ONDO	+0.0231%	1h	0.4400	+0.080%	$38.6M	$24.1M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4422	+0.569%	$284K	$707K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4393	−0.093%	$35K	$231K	10x	as long as short
01 Exchange ONDOUSD	+0.0352%	1h	0.4399	+0.041%	$362	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0433%	1h	0.4398	+0.023%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0550% / S −0.0190%	1h	0.4395	−0.034%	$485K	—	100x	as long as short
Lighter ONDO	+0.0784%	1h	0.4405	+0.171%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1148%	1h	0.4399	+0.039%	$2K	—	20x	as long as short