ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.155%

Price spread now: Polymarket Perps against Lighter−0.097%45s7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as 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−$310.307% of the position

Long on Lighter Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.220%−$22 on $10k

Price spread, last 7 days+0.261%+$26 · spread now −0.097%, 7d avg −0.038%

Together, before fees+0.041%+ Points / potential airdropLighter: Season 3 · farm board+$4 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: Polymarket Perps is 0.059% cheaper against Lighter than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.038%. The two prices were read 45 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	0.4335	0.0096	pay 0.0012% / 1h	9m 37s	$1.1M	$2.4M	10x
Short	Polymarket Perps ONDO-USD	0.4330	0.0100	get 0.0013% / 1h	9m 37s	$65K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.097%Rate

Funding earned: $0.84
Price spread: −0.097% → −0.038%: −$5.94
Slippage, 4 orders: −$22.75
Fee Lighter: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$35.84
Costs to cover: 0.307%
Break-even: 305.7 days

Slippage from Lighter: live order book, 2 min ago; Polymarket Perps: 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 Lighter live order book, 2 min ago	7.26 bp	7.9 bp −$8	30.5 bp −$305	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	1.26 bp	5.3 bp −$5	7.3 bp −$73	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_ONDOUSD	−0.0162%	1h	0.4328	−0.142%	$2.6M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4330	−0.115%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.387%	$888	$216K	5.5x	as long as short
Lighter ONDOlong	+0.0096%	1h	0.4335	long leg	$1.1M	$2.4M	10x
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4330	−0.104%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4331	−0.069%	$358K	$862K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4328	−0.143%	$62.4M	$232.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4326	−0.196%	$67.3M	$124.9M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4327	−0.173%	$17.0M	$72.2M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4330	−0.108%	$72K	$83K	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	0.4328	−0.145%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4329	−0.127%	$12.0M	$16.4M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4330	−0.104%	$42.4M	$42.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4331	−0.081%	$12.5M	$10.4M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4331	−0.081%	$24.8M	$39.8M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4330	−0.104%	—	$23.6M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4331	−0.069%	$179K	$979K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4330	−0.111%	$681K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4348	+0.306%	$4K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4349	+0.337%	$406K	$1.2M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4346	+0.265%	$134K	$354K	50x	as long as short
Polymarket Perps ONDO-USDshort	+0.0100%	1h	0.4330	−0.097%	$65K	$1.4M	10x
SunX ONDO-USDT	+0.0100%	4h	0.4331	−0.081%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4331	−0.081%	$450	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4341	+0.150%	$128K	$431K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4333	−0.035%	$4.2M	$8.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4331	−0.083%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4328	−0.153%	$390K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4330	−0.092%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0121%	1h	0.4330	−0.115%	$36.6M	$25.2M	10x	as long as short
Aster ONDOUSDT	+0.0138%	4h	0.4331	−0.074%	$783K	$2.6M	20x	as long as short
01 Exchange ONDOUSD	+0.0168%	1h	0.4327	−0.171%	$356	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0212%	1h	0.4331	−0.081%	$18K	$362K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4327	−0.173%	$217K	$763K	50x	as long as short
Phoenix ONDO	+0.0327%	1h	0.4356	+0.491%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4339	+0.104%	$3.1M	$3.0M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0554% / S −0.0193%	1h	0.4330	−0.115%	$482K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1154%	1h	0.4330	−0.095%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1336%	1h	0.4330	−0.100%	$248K	$133K	5x	as long as short