ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0504%/8h= −55.2% APRnext payment −$0.63 per $10,000 · paid last 24h +0.914%

Price spread now: Kraken Futures against Injective−0.454%63s7-day average +1.070% · you buy dearer than you sell

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

Long on Injective Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+3.704%+$370 on $10k

Price spread, last 3 days (all we have)+1.218%+$122 · spread now −0.454%, 7d avg +1.070%

Together, before fees+4.922%+$492 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Kraken Futures is 1.525% cheaper against Injective than usual: you would sell low and buy high (−$152 if the spread goes back to its 7-day average of +1.070%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +3.704%, so the current rate has only just turned against you. 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	0.0151	pay 0.0019% / 1h	32m 05s	$888	$216K	5.5x
Short	Kraken Futures PF_ONDOUSD	0.4547	−0.0354	pay 0.0044% / 1h	32m 05s	$2.8M	$7.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Injective. 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 InjectivebpFee Kraken FuturesbpOrdersPrice spread, now −0.454%Rate

Funding earned: −$105.85
Price spread: −0.454% → +1.070%: −$152.45
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$268.33
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 2 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 Kraken Futures live order book, 2 min ago	6.58 bp	19.0 bp −$19	29.9 bp −$299	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_ONDOUSDshort	−0.0354%	1h	0.4547	−0.454%	$2.8M	$7.9M	50x
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4546	−0.482%	$26K	$396K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4544	−0.519%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4545	−0.504%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4541	−0.580%	$429K	$699K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4547	−0.451%	$729K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4546	−0.482%	$67.2M	$225.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4545	−0.504%	$74.0M	$120.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4547	−0.460%	$17.7M	$81.2M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4538	−0.663%	$74K	$86K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4547	−0.462%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4541	−0.591%	$11.8M	$18.3M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4548	−0.438%	$47.8M	$44.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4544	−0.525%	$13.8M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4545	−0.504%	$25.7M	$41.8M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4544	−0.525%	—	$742K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4545	−0.499%	$232K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4567	−0.022%	$778K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4559	−0.207%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4561	−0.155%	$428K	$938K	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4544	−0.517%	$72K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4545	−0.504%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4547	−0.460%	$473	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4552	−0.350%	$132K	$512K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4546	−0.482%	$4.7M	$6.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4545	−0.498%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4546	−0.482%	$407K	$861K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4549	−0.409%	$44K	$8K	3x	as long as short
ApeX Omni ONDOUSDT	+0.0129%	1h	0.4560	−0.175%	$161K	$334K	50x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4569	+0.018%	$29K	$219K	10x	as long as short
Injective ONDO/USDC PERPlong	+0.0151%	1h	0.4568	long leg	$888	$216K	5.5x
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4564	−0.088%	$300K	$865K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4549	−0.416%	$3.2M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0400%	1h	0.4550	−0.401%	$374	$2K	10x	as long as short
Hyperliquid ONDO	+0.0451%	1h	0.4549	−0.423%	$40.7M	$27.5M	10x	as long as short
Lighter ONDO	+0.0616%	1h	0.4556	−0.265%	$1.4M	$2.3M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0628% / S −0.0211%	1h	0.4544	−0.515%	$576K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1141%	1h	0.4542	−0.572%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.2136%	1h	0.4547	−0.452%	$257K	$129K	5x	as long as short