ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.160%

Price spread now: Lighter against Extended+0.091%7-day average +0.152% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$330.331% of the position

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.197%+$20 on $10k

Price spread, last 4 days (all we have)+0.114%+$11 · spread now +0.091%, 7d avg +0.152%

Together, before fees+0.311%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$31 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: Lighter is 0.061% cheaper against Extended than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.152%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ONDO-USD	0.4393	0.0104	pay 0.0013% / 1h	58m 42s	$395K	$798K	25x
Short	Lighter ONDO	0.4397	0.0096	get 0.0012% / 1h	58m 42s	$1.1M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.091%Rate

Funding earned: −$1.68
Price spread: +0.091% → +0.152%: −$6.07
Slippage, 4 orders: −$28.06
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$40.81
Costs to cover: 0.331%
Break-even: never at this rate

Slippage from Extended: live order book, 59 min ago; Lighter: 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, 59 min ago	4.57 bp	7.2 bp −$7	17.2 bp −$172	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	6.24 bp	7.5 bp −$7	27.9 bp −$279	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	−0.0159%	1h	0.4392	−0.011%	$2.6M	$7.8M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4391	−0.050%	$248K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4394	+0.023%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.989%	$888	$216K	5.5x	as long as short
Lighter ONDOshort	+0.0096%	1h	0.4397	+0.091%	$1.1M	$2.4M	10x
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4394	+0.028%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4400	+0.175%	$363K	$847K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4394	+0.021%	$63.5M	$230.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4390	−0.064%	$68.0M	$126.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4394	+0.028%	$17.1M	$73.3M	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	0.4393	+0.007%	$73K	$84K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4398	+0.114%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4392	−0.018%	$11.6M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4393	+0.005%	$44.6M	$41.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4394	+0.028%	$12.7M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4393	+0.005%	$25.2M	$39.9M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4393	+0.005%	—	$765K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4393	+0.007%	$185K	$984K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4399	+0.135%	$719K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4399	+0.140%	$4K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4393	+0.005%	$409K	$1.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4396	+0.073%	$136K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4397	+0.091%	$69K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4399	+0.141%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4394	+0.028%	$457	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4402	+0.210%	$130K	$434K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4393	+0.005%	$4.3M	$7.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4400	+0.168%	$6K	—	10x	as long as short
Extended ONDO-USDlong	+0.0104%	1h	0.4393	long leg	$395K	$798K	25x
Aevo ONDO-PERP	+0.0104%	1h	0.4397	+0.091%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0205%	1h	0.4394	+0.028%	$18K	$367K	25x	as long as short
Aster ONDOUSDT	+0.0230%	4h	0.4396	+0.073%	$761K	$2.5M	20x	as long as short
01 Exchange ONDOUSD	+0.0248%	1h	0.4400	+0.164%	$362	$2K	10x	as long as short
Hyperliquid ONDO	+0.0265%	1h	0.4397	+0.102%	$37.8M	$24.7M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4401	+0.187%	$272K	$731K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4396	+0.073%	$3.1M	$3.0M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4396	+0.084%	$35K	$218K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0607% / S −0.0219%	1h	0.4393	+0.013%	$522K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1153%	1h	0.4396	+0.073%	$2K	—	20x	as long as short