ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.103%

Price spread now: ApeX Omni against Lighter−0.009%78s7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$300.298% of the position

Long on Lighter Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.213%−$21 on $10k

Price spread, last 4 days (all we have)+0.065%+$6 · spread now −0.009%, 7d avg −0.067%

Together, before fees−0.148%+ Points / potential airdropLighter: Season 3 · farm board−$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.058% dearer against Lighter than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.067%. The two prices were read 78 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	Lighter ONDO	0.4311	0.0096	pay 0.0012% / 1h	10m 11s	$1.1M	$2.1M	10x
Short	ApeX Omni ONDOUSDT	0.4311	0.0100	get 0.0013% / 1h	10m 11s	$84K	$349K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter. 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 LighterbpFee ApeX OmnibpOrdersPrice spread, now −0.009%Rate

Funding earned: $0.84
Price spread: −0.009% → −0.067%: $5.76
Slippage, 4 orders: −$19.78
Fee Lighter: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$23.19
Costs to cover: 0.298%
Break-even: 200.2 days

Slippage from Lighter: live order book, 5 min ago; ApeX Omni: live order book, 30 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 Lighter live order book, 5 min ago	3.25 bp	8.2 bp −$8	27.2 bp −$272	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 30 min ago	1.16 bp	7.5 bp −$7	22.6 bp −$226	doesn't fit	doesn't fit

ONDO on 39 exchanges

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	−0.0258%	1h	0.4308	−0.089%	$2.5M	$6.6M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4306	−0.125%	$21K	$354K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4305	−0.144%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.952%	$888	$214K	5.5x	as long as short
Bybit ONDOUSDT	+0.0063%	4h	0.4304	−0.172%	$67.6M	$110.7M	50x	as long as short
Variational Omni ONDO	+0.0090%	4h	0.4301	−0.234%	$620K	$1.9M	—	as long as short
Lighter ONDOlong	+0.0096%	1h	0.4311	long leg	$1.1M	$2.1M	10x
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4304	−0.172%	$23K	$7K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4303	−0.195%	$330K	$809K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4309	−0.051%	$36.2M	$26.2M	10x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ONDOUSDT	+0.0100%	4h	0.4307	−0.092%	$764K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4307	−0.093%	$62.0M	$207.5M	75x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4307	−0.102%	$17.4M	$64.4M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4309	−0.046%	$69K	$63K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4306	−0.129%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4305	−0.148%	$14.4M	$13.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4305	−0.148%	$44.6M	$39.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4306	−0.125%	$13.0M	$8.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4307	−0.102%	$25.1M	$29.3M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4305	−0.148%	—	$23.5M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4305	−0.139%	$179K	$980K	15x	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4304	−0.172%	$5K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4304	−0.161%	$407K	$2.1M	10x	as long as short
ApeX Omni ONDOUSDTshort	+0.0100%	1h	0.4311	−0.009%	$84K	$349K	50x
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4307	−0.111%	$53K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4304	−0.172%	—	$1.2M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4307	−0.102%	$448	$17K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4315	+0.083%	$106K	$432K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4307	−0.102%	$4.1M	$8.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4306	−0.123%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4305	−0.148%	$348K	$721K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4305	−0.144%	$37K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0152%	1h	0.4306	−0.114%	$354	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0159% / S +0.0065%	1h	0.4305	−0.160%	$272K	—	100x	as long as short
Phoenix ONDO	+0.0167%	1h	0.4308	−0.072%	$35K	$204K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0240%	1h	0.4313	+0.037%	$213K	$546K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4305	−0.148%	$3.2M	$2.9M	75x	as long as short
Reya ONDORUSDPERP	+0.1170%	1h	0.4304	−0.177%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3705%	1h	0.4306	−0.123%	$246K	$159K	5x	as long as short