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: Extended against Hyperliquid−0.150%7-day average −0.146% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

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

Long on Hyperliquid Short on Extended

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)−0.008%−$1 · spread now −0.150%, 7d avg −0.146%

Together, before fees−0.289%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$29 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.146%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ONDO	0.4386	0.0242	pay 0.0030% / 1h	10m 04s	$38.5M	$25.9M	10x
Short	Extended ONDO-USD	0.4380	0.0104	get 0.0013% / 1h	10m 04s	$396K	$824K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Hyperliquid. 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 HyperliquidbpFee ExtendedbpOrdersPrice spread, now −0.150%Rate

Funding earned: −$29.05
Price spread: −0.150% → −0.146%: −$0.47
Slippage, 4 orders: −$14.43
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$57.95
Costs to cover: 0.284%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 3 min ago; Extended: live order book, 58 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 Hyperliquid live order book, 3 min ago	0.23 bp	8.5 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 58 min ago	4.35 bp	6.8 bp −$7	14.3 bp −$143	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	−0.068%	$2.6M	$8.1M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4392	+0.128%	$249K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4387	+0.012%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.138%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4388	+0.034%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4392	+0.137%	$380K	$859K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4387	+0.015%	$675K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4383	−0.079%	$63.6M	$231.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4381	−0.125%	$69.4M	$124.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4380	−0.148%	$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	+0.287%	$72K	$87K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4391	+0.099%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4383	−0.080%	$11.5M	$16.5M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4380	−0.148%	$45.9M	$43.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4382	−0.103%	$13.0M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4381	−0.125%	$24.9M	$40.1M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4386	−0.011%	—	$761K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4398	+0.256%	$762K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4403	+0.380%	$5K	$321K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4407	+0.464%	$406K	$978K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4405	+0.422%	$135K	$355K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4393	+0.155%	$90K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4390	+0.080%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4386	−0.011%	$456	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4394	+0.171%	$129K	$505K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4394	+0.167%	$6K	—	10x	as long as short
Extended ONDO-USDshort	+0.0104%	1h	0.4380	−0.150%	$396K	$824K	25x
Aevo ONDO-PERP	+0.0104%	1h	0.4388	+0.029%	$38K	$13K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0164%	1h	0.4385	−0.023%	$195K	$1.0M	15x	as long as short
Hyperliquid ONDOlong	+0.0242%	1h	0.4386	long leg	$38.5M	$25.9M	10x
Phemex ONDOUSDT	+0.0286%	4h	0.4385	−0.034%	$4.2M	$7.5M	50x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4422	+0.809%	$284K	$712K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4409	+0.522%	$35K	$231K	10x	as long as short
01 Exchange ONDOUSD	+0.0352%	1h	0.4395	+0.187%	$362	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0434%	1h	0.4390	+0.080%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0550% / S −0.0190%	1h	0.4387	+0.013%	$484K	—	100x	as long as short
Lighter ONDO	+0.0784%	1h	0.4393	+0.144%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1148%	1h	0.4391	+0.107%	$2K	—	20x	as long as short