ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.528%

Price spread now: SoDEX against Injective−3.349%62s7-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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. SoDEX is 3.349% cheaper against Injective than usual: you would sell low and buy high (spread −3.349% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$335 on $10k: about 6 months of funding at the current rate (+$2 a day). The two prices were read 62 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	0.0033	pay 0.0004% / 1h	35m 59s	$888	$216K	5.5x
Short	SoDEX ONDO-USD	0.4415	0.0100	get 0.0013% / 1h	35m 59s	$459	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −3.349%Rate

Funding earned: $14
Price spread: −3.349% → 0.000%: −$334.94
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$328.96
Costs to cover: 0.080%
Break-even: 171.5 days

Slippage unknown: Injective: no order-book sample; SoDEX: 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 SoDEX no order-book sample	—	—	—	—	—

Injective and SoDEX: 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
dYdX ONDO-USD	0.0000%	1h	0.4403	−3.604%	$249K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4409	−3.485%	$6K	—	150x	as long as short
Injective ONDO/USDC PERPlong	+0.0033%	1h	0.4568	long leg	$888	$216K	5.5x
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4413	−3.389%	$2.6M	$8.1M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4410	−3.459%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4406	−3.546%	$373K	$837K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4416	−3.327%	$64.2M	$225.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4414	−3.371%	$69.7M	$122.6M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4416	−3.327%	$17.0M	$72.1M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4396	−3.774%	$72K	$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	0.4404	−3.596%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4413	−3.393%	$11.6M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4416	−3.327%	$46.9M	$41.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4414	−3.371%	$12.9M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4416	−3.327%	$25.2M	$39.7M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4414	−3.371%	—	$21.9M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4409	−3.489%	$713K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4396	−3.761%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4389	−3.912%	$405K	$983K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4392	−3.853%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4407	−3.516%	$71K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4407	−3.525%	—	$1.4M	20x	as long as short
SoDEX ONDO-USDshort	+0.0100%	1h	0.4415	−3.349%	$459	$13K	10x
HTX ONDO-USDT	+0.0100%	4h	0.4424	−3.152%	$130K	$473K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4416	−3.327%	$4.2M	$7.6M	50x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4413	−3.398%	$399K	$789K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4415	−3.342%	$38K	$13K	3x	as long as short
Paradex ONDO-USD-PERP	+0.0105%	8h	0.4409	−3.491%	$6K	—	10x	as long as short
Aster ONDOUSDT	+0.0131%	4h	0.4417	−3.306%	$713K	$2.3M	20x	as long as short
Hyperliquid ONDO	+0.0169%	1h	0.4418	−3.292%	$38.4M	$24.4M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0191%	1h	0.4418	−3.290%	$190K	$979K	15x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4398	−3.730%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4400	−3.678%	$3.1M	$3.0M	75x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4407	−3.525%	$283K	$703K	50x	as long as short
01 Exchange ONDOUSD	+0.0368%	1h	0.4409	−3.485%	$363	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0430%	1h	0.4413	−3.393%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0551% / S −0.0190%	1h	0.4408	−3.503%	$485K	—	100x	as long as short
Lighter ONDO	+0.0848%	1h	0.4424	−3.155%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1149%	1h	0.4407	−3.526%	$2K	—	20x	as long as short