ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0085%/8h= −9.3% APRnext payment −$0.11 per $10,000 · paid last 24h +0.022%

Price spread now: Kraken Futures against Extended+0.003%7-day average +0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$430.431% of the position

Long on Extended Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.253%+$25 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.003%, 7d avg +0.099%

Together, before fees+0.233%+ Points / potential airdropExtended: Active · farm board+$23 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 Kraken Futures is 0.096% cheaper against Extended than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.099%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.253%, 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	0.4346	0.0104	pay 0.0013% / 1h	21m 06s	$364K	$787K	25x
Short	Kraken Futures PF_ONDOUSD	0.4346	0.0019	get 0.0002% / 1h	21m 06s	$2.6M	$7.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$17.78
Price spread: +0.003% → +0.099%: −$9.57
Slippage, 4 orders: −$28.11
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$70.46
Costs to cover: 0.431%
Break-even: never at this rate

Slippage from Extended: live order book, 29 min ago; Kraken Futures: live order book, 1 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, 29 min ago	3.46 bp	6.0 bp −$6	15.6 bp −$156	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	1.15 bp	15.9 bp −$16	25.8 bp −$258	407.9 bp −$40.8K	doesn't fit

ONDO on 39 exchanges

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
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4348	+0.042%	$22K	$384K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4348	+0.036%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSDshort	+0.0019%	1h	0.4346	+0.003%	$2.6M	$7.5M	50x
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.104%	$888	$215K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4353	+0.150%	$1.1M	$2.3M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4346	−0.004%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4350	+0.082%	$339K	$867K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4350	+0.094%	$780K	$2.9M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4348	+0.042%	$63.5M	$227.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4347	+0.019%	$68.7M	$119.4M	50x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4350	+0.088%	$17.3M	$69.4M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4342	−0.098%	$72K	$77K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4351	+0.109%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4349	+0.065%	$13.7M	$14.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4348	+0.042%	$45.0M	$41.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4349	+0.065%	$13.2M	$9.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4350	+0.088%	$25.3M	$35.3M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4349	+0.065%	—	$23.1M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4350	+0.077%	$182K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4341	−0.128%	$796K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4347	+0.019%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4346	+0.004%	$401K	$1.8M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4349	+0.065%	$134K	$320K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4352	+0.134%	$60K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4351	+0.111%	—	$1.3M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4347	+0.019%	$2K	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4357	+0.249%	$106K	$489K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4348	+0.042%	$4.2M	$8.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4351	+0.108%	$6K	—	10x	as long as short
Hyperliquid ONDO	+0.0103%	1h	0.4353	+0.162%	$36.6M	$27.1M	10x	as long as short
Extended ONDO-USDlong	+0.0104%	1h	0.4346	long leg	$364K	$787K	25x
Aevo ONDO-PERP	+0.0104%	1h	0.4348	+0.045%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0176%	1h	0.4351	+0.109%	$358	$2K	10x	as long as short
Phoenix ONDO	+0.0219%	1h	0.4353	+0.159%	$35K	$217K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4353	+0.157%	$214K	$633K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4349	+0.065%	$3.2M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0573% / S −0.0203%	1h	0.4347	+0.019%	$497K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1165%	1h	0.4353	+0.147%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.2797%	1h	0.4349	+0.067%	$249K	$160K	5x	as long as short