ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.243%

Price spread now: Ondo Perps against Injective−5.484%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+3.432%+$343 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Ondo Perps is 5.484% cheaper against Injective than usual: you would sell low and buy high (spread −5.484% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$548 on $10k: about 9 months of funding at the current rate (+$2 a day). At the pace of the last 7 days (+3.432% in total) that is about 11 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	0m 11s	$888	$216K	5.5x
Short	Ondo Perps ONDO-USD.P	0.4318	0.0100	get 0.0013% / 1h	0m 11s	$71K	$80K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −5.484%Rate

Funding earned: $14
Price spread: −5.484% → 0.000%: −$548.38
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$539.4
Costs to cover: 0.050%
Break-even: 276.7 days

Slippage unknown: Injective: no order-book sample; Ondo Perps: no order-book sample. 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 Ondo Perps no order-book sample	—	—	—	—	—

Injective and Ondo Perps: 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	−0.0176%	1h	0.4323	−5.365%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4322	−5.384%	$7K	—	150x	as long as short
Injective ONDO/USDC PERPlong	+0.0033%	1h	0.4568	long leg	$888	$216K	5.5x
Lighter ONDO	+0.0096%	1h	0.4328	−5.247%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4320	−5.418%	$345K	$889K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4324	−5.342%	$762K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4324	−5.332%	$63.1M	$234.3M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4323	−5.363%	$68.2M	$122.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4325	−5.320%	$17.3M	$71.9M	50x	as long as short
Ondo Perps ONDO-USD.Pshort	+0.0100%	1h	0.4318	−5.484%	$71K	$80K	10x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4322	−5.376%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4323	−5.363%	$13.1M	$15.9M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4323	−5.363%	$44.1M	$42.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4322	−5.385%	$12.1M	$10.4M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4324	−5.342%	$24.7M	$36.7M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4325	−5.320%	—	$777K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4326	−5.302%	$176K	$999K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4324	−5.343%	$679K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4321	−5.410%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4324	−5.343%	$400K	$1.6M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4317	−5.495%	$134K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4323	−5.374%	$60K	$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	0.4324	−5.342%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4323	−5.363%	$2K	$15K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4331	−5.188%	$128K	$369K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4323	−5.363%	$4.2M	$8.9M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4322	−5.378%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4323	−5.364%	$364K	$823K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4325	−5.309%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0213%	1h	0.4325	−5.320%	$18K	$351K	25x	as long as short
01 Exchange ONDOUSD	+0.0264%	1h	0.4326	−5.300%	$356	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4325	−5.320%	$214K	$733K	50x	as long as short
Phoenix ONDO	+0.0315%	1h	0.4324	−5.335%	$35K	$221K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4320	−5.429%	$3.2M	$3.1M	75x	as long as short
Hyperliquid ONDO	+0.0436%	1h	0.4330	−5.219%	$36.6M	$27.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0573% / S −0.0203%	1h	0.4321	−5.405%	$494K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1161%	1h	0.4322	−5.388%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1720%	1h	0.4323	−5.360%	$243K	$155K	5x	as long as short