ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0280%/8h= +30.7% APRnext payment +$0.35 per $10,000 · paid last 24h −0.024%

Price spread now: Extended against Kraken Futures−0.067%7-day average −0.103% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$450.450% of the position

Long on Kraken Futures Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.251%−$25 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.067%, 7d avg −0.103%

Together, before fees−0.254%+ Points / potential airdropExtended: Active · farm board−$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Extended is 0.036% dearer against Kraken Futures than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.103%. Mind the row above: over the last 7 days funding on this pair cost −0.251%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ONDOUSD	0.4332	−0.0176	get 0.0022% / 1h	52m 59s	$2.5M	$7.8M	50x
Short	Extended ONDO-USD	0.4329	0.0104	get 0.0013% / 1h	52m 59s	$364K	$829K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.067%Rate

Funding earned: $58.87
Price spread: −0.067% → −0.103%: $3.63
Slippage, 4 orders: −$30.01
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $17.48
Costs to cover: 0.450%
Break-even: 4.9 days

Slippage from Kraken Futures: live order book, 1 min ago; Extended: live order book, 45 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, 1 min ago	3.46 bp	14.3 bp −$14	20.3 bp −$203	93.5 bp −$9,350	doesn't fit
Sell Extended live order book, 45 min ago	3.47 bp	6.0 bp −$6	16.1 bp −$161	doesn't fit	doesn't fit

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	−0.0176%	1h	0.4332	long leg	$2.5M	$7.8M	50x
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4326	−0.132%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.459%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4336	+0.105%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4331	−0.007%	$346K	$889K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4333	+0.033%	$761K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4330	−0.030%	$63.3M	$234.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4329	−0.059%	$68.3M	$122.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4331	−0.013%	$17.4M	$72.0M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4339	+0.160%	$71K	$81K	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	0.4330	−0.040%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4331	−0.013%	$13.1M	$15.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4333	+0.033%	$44.5M	$41.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4332	+0.010%	$12.1M	$10.4M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4333	+0.033%	$24.7M	$36.7M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4333	+0.033%	—	$23.1M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4334	+0.052%	$176K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4321	−0.249%	$679K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4315	−0.371%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4323	−0.209%	$407K	$1.6M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4313	−0.428%	$134K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4330	−0.027%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4331	−0.013%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4331	−0.013%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4333	+0.033%	$2K	$15K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4340	+0.195%	$129K	$369K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4333	+0.033%	$4.2M	$9.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4327	−0.096%	$6K	—	10x	as long as short
Extended ONDO-USDshort	+0.0104%	1h	0.4329	−0.067%	$364K	$829K	25x
Aevo ONDO-PERP	+0.0104%	1h	0.4335	+0.068%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0212%	1h	0.4334	+0.056%	$18K	$351K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4339	+0.172%	$214K	$735K	50x	as long as short
Phoenix ONDO	+0.0277%	1h	0.4332	+0.015%	$35K	$218K	10x	as long as short
01 Exchange ONDOUSD	+0.0304%	1h	0.4332	+0.017%	$357	$2K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4330	−0.036%	$3.2M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0573% / S −0.0203%	1h	0.4329	−0.057%	$495K	—	100x	as long as short
Hyperliquid ONDO	+0.0614%	1h	0.4338	+0.149%	$36.6M	$27.2M	10x	as long as short
Reya ONDORUSDPERP	+0.1162%	1h	0.4332	+0.005%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1572%	1h	0.4328	−0.075%	$243K	$155K	5x	as long as short