ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.498%

Price spread now: Lighter against Injective−5.342%7-day average +0.855% · you buy dearer than you sell

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

Long on Injective Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+3.640%+$364 on $10k

Price spread, last 4 days (all we have)+6.114%+$611 · spread now −5.342%, 7d avg +0.855%

Together, before fees+9.754%+ Points / potential airdropLighter: Season 3 · farm board+$975 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 6.196% cheaper against Injective than usual: you would sell low and buy high (spread −5.342% now, against its 7-day average of +0.855%). If the spread goes back, that is −$620 on $10k: about 11 months of funding at the current rate (+$2 a day). At the pace of the last 7 days (+3.640% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ONDO/USDC PERP	0.4568	0.0033	pay 0.0004% / 1h	21m 07s	$888	$216K	5.5x
Short	Lighter ONDO	0.4324	0.0096	get 0.0012% / 1h	21m 07s	$1.1M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −5.342%Rate

Funding earned: $13.16
Price spread: −5.342% → +0.855%: −$619.65
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter: 0 bp × 2 orders: $0
Net: −$606.51
Costs to cover: 0.000%
Break-even: 329.6 days

Slippage unknown: Injective: no order-book sample; Lighter: live order book, 6 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 Lighter live order book, 6 min ago	6.86 bp	6.9 bp −$7	22.7 bp −$227	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	−0.0242%	1h	0.4318	−5.476%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4320	−5.431%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0013%	1h	0.4320	−5.439%	$242K	$137K	5x	as long as short
Injective ONDO/USDC PERPlong	+0.0033%	1h	0.4568	long leg	$888	$216K	5.5x
Lighter ONDOshort	+0.0096%	1h	0.4324	−5.342%	$1.1M	$2.4M	10x
Nado ONDO-PERP	+0.0100%	1h	0.4327	−5.276%	$349K	$882K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4327	−5.274%	$36.1M	$26.4M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4324	−5.335%	$773K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4323	−5.365%	$62.3M	$236.7M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4319	−5.451%	$67.4M	$126.1M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4326	−5.298%	$17.2M	$73.4M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4298	−5.919%	$71K	$82K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4324	−5.352%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4323	−5.363%	$12.1M	$16.5M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4322	−5.385%	$42.8M	$42.5M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4320	−5.429%	$12.0M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4325	−5.320%	$24.8M	$39.8M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4324	−5.342%	—	$23.7M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4321	−5.405%	$177K	$988K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4294	−6.003%	$648K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4307	−5.713%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4313	−5.584%	$398K	$1.3M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4306	−5.736%	$132K	$356K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4328	−5.263%	$65K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4321	−5.407%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4327	−5.276%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4322	−5.385%	$449	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4333	−5.144%	$128K	$429K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4323	−5.363%	$4.1M	$8.3M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4325	−5.326%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4320	−5.428%	$389K	$795K	25x	as long as short
01 Exchange ONDOUSD	+0.0104%	1h	0.4327	−5.267%	$356	$2K	10x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4322	−5.385%	$37K	$13K	3x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4323	−5.363%	$217K	$757K	50x	as long as short
Phoenix ONDO	+0.0332%	1h	0.4311	−5.635%	$34K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4321	−5.407%	$3.1M	$3.1M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0445%	1h	0.4321	−5.407%	$18K	$362K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0570% / S −0.0202%	1h	0.4320	−5.435%	$493K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1156%	1h	0.4326	−5.298%	$2K	—	20x	as long as short