ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.4381%/8h= +479.7% APRnext payment +$5.48 per $10,000 · paid last 24h +1.465%

Price spread now: dYdX against Kraken Futures−0.077%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs+$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$183as in the Price arb table

costs, in and out, $10k−$1841.839% of the position

Long on Kraken Futures Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+2.328%+$233 on $10k

Price spread, last 3 days (all we have)+0.066%+$7 · spread now −0.077%, 7d avg −0.084%

Together, before fees+2.394%+$239 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.084%, so right now this pair is about funding alone: +$131 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 2.328% in total (about 121.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.48 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ONDOUSD	0.4609	−0.0349	get 0.0044% / 1h	18m 47s	$2.8M	$7.8M	50x
Short	dYdX ONDO-USD	0.4605	0.4032	get 0.0504% / 1h	18m 47s	$261K	$129K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Kraken Futures. 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 Kraken FuturesbpFee dYdXbpOrdersPrice spread, now −0.077%Rate

Funding earned: $919.94
Price spread: −0.077% → −0.084%: $0.71
Slippage, 4 orders: −$163.92
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: $736.73
Costs to cover: 1.839%
Break-even: 1.4 days

Slippage from Kraken Futures: live order book, 5 min ago; dYdX: live order book, 65 min ago.

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 Kraken Futures live order book, 5 min ago	4.37 bp	9.4 bp −$9	19.6 bp −$196	doesn't fit	doesn't fit
Sell dYdX live order book, 65 min ago	27.19 bp	125.2 bp −$125	325.0 bp −$3,250	473.7 bp −$47.4K	1197.7 bp −$598.8K

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_ONDOUSDlong	−0.0349%	1h	0.4609	long leg	$2.8M	$7.8M	50x
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4611	+0.044%	$42K	$422K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4611	+0.046%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4611	+0.044%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4612	+0.077%	$435K	$703K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4612	+0.066%	$737K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4609	+0.001%	$68.3M	$226.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4608	−0.021%	$75.8M	$121.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4607	−0.043%	$18.0M	$82.3M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4588	−0.461%	$75K	$88K	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	0.4609	−0.006%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4607	−0.043%	$12.1M	$18.5M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4609	+0.001%	$49.7M	$44.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4609	+0.001%	$13.9M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4608	−0.021%	$26.2M	$41.9M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4609	+0.001%	—	$743K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4604	−0.109%	$787K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4605	−0.084%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4605	−0.097%	$425K	$947K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4607	−0.043%	$165K	$330K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4613	+0.092%	$72K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4612	+0.066%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4613	+0.088%	$479	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4622	+0.283%	$134K	$511K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4610	+0.023%	$4.8M	$6.5M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4608	−0.019%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4609	−0.008%	$411K	$857K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4615	+0.122%	$45K	$8K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0127%	1h	0.4614	+0.105%	$238K	$1.0M	15x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4608	−0.010%	$29K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4568	−0.889%	$888	$216K	5.5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4607	−0.043%	$302K	$876K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4612	+0.066%	$3.2M	$3.2M	75x	as long as short
01 Exchange ONDOUSD	+0.0416%	1h	0.4617	+0.174%	$380	$2K	10x	as long as short
Hyperliquid ONDO	+0.0422%	1h	0.4615	+0.122%	$41.4M	$26.4M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0590% / S −0.0187%	1h	0.4611	+0.036%	$550K	—	100x	as long as short
Lighter ONDO	+0.0712%	1h	0.4622	+0.276%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1141%	1h	0.4613	+0.080%	$2K	—	20x	as long as short
dYdX ONDO-USDshort	+0.4032%	1h	0.4605	−0.077%	$261K	$129K	5x