Funding you earn now, next payment 00:00 UTC+0.1728%/8h= +189.2% APRnext payment +$2.16 per $10,000 · paid last 24h −0.009%
Price spread now: Lighter against Kraken Futures+0.223%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$490.490% of the position
Funding, last 7 days−0.108%−$11 on $10k
+Price spread, last 3 days (all we have)−0.241%−$24 · spread now +0.223%, 7d avg +0.034%
=Together, before fees−0.349%+ Points / potential airdropLighter: Season 3 · farm board−$35 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$52 a day on $10k at the current rate, and Lighter is 0.189% dearer against Kraken Futures than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.034%. Mind the row above: over the last 7 days funding on this pair cost −0.108%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.108% in total (about -5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.16 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 | 0.4560 | −0.0800 | get 0.0100% / 1h | 43m 05s | $2.8M | $8.1M | 50x |
| Short | Lighter ONDO | 0.4570 | 0.0928 | get 0.0116% / 1h | 43m 05s | $1.5M | $2.3M | 10x |
Kraken Futures PF_ONDOUSD
Lighter ONDOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $362.86
- Price spread: +0.223% → +0.034%
- $18.85
- Slippage, 4 orders
- −$39.01
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $332.71
- Costs to cover
- 0.490%
- Break-even
- 0.6 days
Slippage from Kraken Futures: live order book, 1 min ago; Lighter: live order book, 4 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 | 5.48 bp | 12.6 bp −$13 | 25.3 bp −$253 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 4.47 bp | 8.8 bp −$9 | 38.6 bp −$386 | 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 | −0.0800% | 1h | 0.4560 | long leg | $2.8M | $8.1M | 50x | |
| Injective ONDO/USDC PERP | −0.0545% | 1h | 0.4568 | +0.184% | $888 | $216K | 5.5x | as long as short |
| Deribit ONDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4561 | +0.030% | $36K | $436K | 25x | as long as short |
| gTrade (Gains Network) ONDO/USD | L +0.0003% / S −0.0008% | 1h | 0.4561 | +0.033% | $6K | — | 150x | as long as short |
| Orderly PERP_ONDO_USDC | +0.0098% | 4h | 0.4561 | +0.030% | $25K | $8K | 10x | as long as short |
| Nado ONDO-PERP | +0.0100% | 1h | 0.4560 | +0.008% | $430K | $706K | 10x | as long as short |
| Aster ONDOUSDT | +0.0100% | 4h | 0.4564 | +0.085% | $720K | $2.1M | 20x | as long as short |
| Binance ONDOUSDT | +0.0100% | 4h | 0.4561 | +0.021% | $68.2M | $227.6M | 75x | as long as short |
| Bybit ONDOUSDT | +0.0100% | 4h | 0.4560 | +0.008% | $73.9M | $122.8M | 50x | as long as short |
| OKX ONDO-USDT-SWAP | +0.0100% | 4h | 0.4560 | +0.008% | $17.8M | $81.1M | 50x | as long as short |
Injective ONDO/USDC PERP
Deribit ONDO_USDC-PERPETUAL
gTrade (Gains Network) ONDO/USD
Orderly PERP_ONDO_USDC
Nado ONDO-PERP
Aster ONDOUSDT
Binance ONDOUSDT
Bybit ONDOUSDT
OKX ONDO-USDT-SWAPShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ONDO-USD.P | +0.0100% | 1h | 0.4566 | +0.133% | $74K | $89K | 10x | as long as short |
| RISEx ONDO/USDC | +0.0100% | 1h | 0.4559 | −0.015% | — | — | 5x | as long as short |
| Gate ONDO_USDT | +0.0100% | 4h | 0.4558 | −0.036% | $12.0M | $18.0M | 50x | as long as short |
| MEXC ONDO_USDT | +0.0100% | 4h | 0.4560 | +0.008% | $49.5M | $43.3M | 200x | as long as short |
| KuCoin ONDOUSDTM | +0.0100% | 4h | 0.4563 | +0.074% | $13.8M | $11.0M | 50x | as long as short |
| Bitget ONDOUSDT | +0.0100% | 4h | 0.4561 | +0.030% | $25.9M | $41.4M | 50x | as long as short |
| BingX ONDO-USDT | +0.0100% | 4h | 0.4560 | +0.008% | — | $22.2M | — | as long as short |
| Variational Omni ONDO | +0.0100% | 4h | 0.4573 | +0.292% | $787K | $2.0M | — | as long as short |
| edgeX ONDOUSDC | +0.0100% | 4h | 0.4565 | +0.125% | $5K | $320K | 20x | as long as short |
| GRVT ONDO_USDT_Perp | +0.0100% | 4h | 0.4563 | +0.074% | $421K | $960K | 10x | as long as short |
| ApeX Omni ONDOUSDT | +0.0100% | 1h | 0.4564 | +0.096% | $173K | $312K | 50x | as long as short |
| Polymarket Perps ONDO-USD | +0.0100% | 1h | 0.4563 | +0.072% | $69K | $1.2M | 10x | as long as short |
| SunX ONDO-USDT | +0.0100% | 4h | 0.4563 | +0.074% | — | $1.4M | 20x | as long as short |
| SoDEX ONDO-USD | +0.0100% | 1h | 0.4560 | +0.008% | $474 | $14K | 10x | as long as short |
| HTX ONDO-USDT | +0.0100% | 4h | 0.4571 | +0.249% | $133K | $503K | 50x | as long as short |
| Phemex ONDOUSDT | +0.0100% | 4h | 0.4563 | +0.074% | $4.7M | $6.8M | 50x | as long as short |
| Paradex ONDO-USD-PERP | +0.0101% | 8h | 0.4560 | 0.000% | $7K | $9 | 10x | as long as short |
| Extended ONDO-USD | +0.0104% | 1h | 0.4559 | −0.015% | $409K | $843K | 25x | as long as short |
| Aevo ONDO-PERP | +0.0104% | 1h | 0.4563 | +0.074% | $44K | $8K | 3x | as long as short |
| Backpack ONDO_USDC_PERP | +0.0168% | 1h | 0.4562 | +0.058% | $230K | $1.0M | 15x | as long as short |
| Phoenix ONDO | +0.0244% | 1h | 0.4573 | +0.304% | $38K | $257K | 10x | as long as short |
| Coinbase International ONDO-PERP-INTX | +0.0304% | 1h | 0.4574 | +0.315% | $300K | $854K | 50x | as long as short |
| Hyperliquid ONDO | +0.0337% | 1h | 0.4565 | +0.126% | $40.5M | $26.8M | 10x | as long as short |
| BloFin ONDO-USDT | +0.0340% | 4h | 0.4565 | +0.118% | $3.3M | $3.2M | 75x | as long as short |
| 01 Exchange ONDOUSD | +0.0432% | 1h | 0.4563 | +0.065% | $376 | $2K | 10x | as long as short |
| GMX ONDO/USD [ETH-USDC] | L +0.0586% / S −0.0188% | 1h | 0.4561 | +0.037% | $544K | — | 100x | as long as short |
| Lighter ONDOshort | +0.0928% | 1h | 0.4570 | +0.223% | $1.5M | $2.3M | 10x | |
| Reya ONDORUSDPERP | +0.1142% | 1h | 0.4561 | +0.039% | $2K | — | 20x | as long as short |
| dYdX ONDO-USD | +0.6293% | 1h | 0.4565 | +0.117% | $258K | $131K | 5x | as long as short |
Ondo Perps ONDO-USD.P
RISEx ONDO/USDC
Gate ONDO_USDT
MEXC ONDO_USDT
KuCoin ONDOUSDTM
Bitget ONDOUSDT
BingX ONDO-USDT
Variational Omni ONDO
edgeX ONDOUSDC
GRVT ONDO_USDT_Perp
ApeX Omni ONDOUSDT
Polymarket Perps ONDO-USD
SunX ONDO-USDT
SoDEX ONDO-USD
HTX ONDO-USDT
Phemex ONDOUSDT
Paradex ONDO-USD-PERP
Extended ONDO-USD
Aevo ONDO-PERP
Backpack ONDO_USDC_PERP
Phoenix ONDO
Coinbase International ONDO-PERP-INTX
Hyperliquid ONDO
BloFin ONDO-USDT
01 Exchange ONDOUSD
GMX ONDO/USD [ETH-USDC]
Reya ONDORUSDPERP
dYdX ONDO-USD