ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0731%/8h= +80.0% APRnext payment +$0.91 per $10,000 · paid last 24h +0.690%

Price spread now: Deribit against Injective+0.350%63s7-day average +0.985% · you sell dearer than you buy

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

Long on Injective Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+3.385%+$338 on $10k

Price spread, last 3 days (all we have)+0.301%+$30 · spread now +0.350%, 7d avg +0.985%

Together, before fees+3.686%+$369 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.635% cheaper against Injective than usual: you would sell low and buy high (spread +0.350% now, against its 7-day average of +0.985%). If the spread goes back, that is −$63 on $10k: about 2.9 days of funding at the current rate (+$22 a day). At the pace of the last 7 days (+3.385% in total) that is about 30 hours. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ONDO/USDC PERP	0.4568	−0.0545	get 0.0068% / 1h	3m 56s	$888	$216K	5.5x
Short	Deribit ONDO_USDC-PERPETUAL	0.4584	0.0186	get 0.0023% / 1h	3m 56s	$35K	$363K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Injective. 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 InjectivebpFee DeribitbpOrdersPrice spread, now +0.350%Rate

Funding earned: $153.45
Price spread: +0.350% → +0.985%: −$63.47
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $82.96
Costs to cover: 0.070%
Break-even: 3.2 days

Slippage unknown: Injective: no order-book sample; Deribit: live order book, 10 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Deribit live order book, 10 min ago	6.57 bp	14.5 bp −$14	doesn't fit	doesn't fit	doesn't fit

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 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	−0.0796%	1h	0.4580	+0.252%	$2.8M	$8.0M	50x	as long as short
Injective ONDO/USDC PERPlong	−0.0545%	1h	0.4568	long leg	$888	$216K	5.5x
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4582	+0.310%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4580	+0.263%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4578	+0.219%	$439K	$705K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4586	+0.400%	$40.6M	$26.3M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4585	+0.372%	$726K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4582	+0.298%	$68.5M	$226.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4580	+0.263%	$74.2M	$120.6M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4581	+0.285%	$17.8M	$80.3M	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	0.4572	+0.079%	$75K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4581	+0.285%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4580	+0.263%	$12.0M	$18.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4581	+0.285%	$49.1M	$43.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4582	+0.306%	$14.2M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4581	+0.285%	$25.9M	$40.3M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4581	+0.285%	—	$22.3M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4585	+0.368%	$229K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4568	−0.003%	$809K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4571	+0.059%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4566	−0.048%	$421K	$949K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4574	+0.131%	$173K	$311K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4585	+0.368%	$70K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4582	+0.306%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4582	+0.306%	$476	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4590	+0.482%	$134K	$504K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4582	+0.306%	$4.6M	$6.9M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4580	+0.270%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4580	+0.255%	$409K	$844K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4585	+0.361%	$45K	$8K	3x	as long as short
Deribit ONDO_USDC-PERPETUALshort	+0.0186%	1h	0.4584	+0.350%	$35K	$363K	25x
Phoenix ONDO	+0.0244%	1h	0.4577	+0.195%	$38K	$257K	10x	as long as short
01 Exchange ONDOUSD	+0.0280%	1h	0.4584	+0.355%	$377	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4581	+0.285%	$297K	$844K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4573	+0.109%	$3.3M	$3.3M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0589% / S −0.0188%	1h	0.4582	+0.298%	$547K	—	100x	as long as short
Lighter ONDO	+0.0656%	1h	0.4590	+0.475%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1144%	1h	0.4581	+0.292%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.2517%	1h	0.4578	+0.219%	$259K	$132K	5x	as long as short