Funding you earn now, next payment 01:00 UTC+0.0316%/8h= +34.6% APRnext payment +$0.39 per $10,000 · paid last 24h +0.153%
Price spread now: Lighter against Ondo Perps−0.150%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.177%+$18 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropOndo Perps: Active · Lighter: Season 3 · farm boardneeds both histories
Funding pays, the price is against you. Lighter is 0.150% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.150% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 38 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.177% in total) that is about 6.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.177% in total (about 9.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.39 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 | Ondo Perps ONDO-USD.P | 0.4586 | 0.0100 | pay 0.0013% / 1h | 58m 39s | $75K | $89K | 10x |
| Short | Lighter ONDO | 0.4579 | 0.0416 | get 0.0052% / 1h | 58m 39s | $1.5M | $2.2M | 10x |
Ondo Perps ONDO-USD.P
Lighter ONDOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Ondo Perps. 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
- $66.36
- Price spread: −0.150% → 0.000%
- −$15.05
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $46.31
- Costs to cover
- 0.050%
- Break-even
- 2.1 days
Slippage unknown: Ondo Perps: no order-book sample; Lighter: live order book, 8 min ago. Net counts fees only.
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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 8 min ago | 4.80 bp | 8.4 bp −$8 | 33.4 bp −$334 | doesn't fit | doesn't fit |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0872% | 1h | 0.4578 | −0.186% | $2.8M | $8.0M | 50x | as long as short |
| Gate ONDO_USDT | −0.0388% | 4h | 0.4571 | −0.331% | $12.0M | $16.5M | 50x | as long as short |
| dYdX ONDO-USD | 0.0000% | 1h | 0.4572 | −0.316% | $259K | $132K | 5x | as long as short |
| Deribit ONDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4579 | −0.157% | $33K | $364K | 25x | as long as short |
| gTrade (Gains Network) ONDO/USD | L +0.0003% / S −0.0008% | 1h | 0.4577 | −0.190% | $6K | — | 150x | as long as short |
| Injective ONDO/USDC PERP | +0.0033% | 1h | 0.4568 | −0.397% | $888 | $216K | 5.5x | as long as short |
| Orderly PERP_ONDO_USDC | +0.0098% | 4h | 0.4577 | −0.201% | $25K | $6K | 10x | as long as short |
| Nado ONDO-PERP | +0.0100% | 1h | 0.4578 | −0.179% | $441K | $706K | 10x | as long as short |
| Hyperliquid ONDO | +0.0100% | 1h | 0.4583 | −0.070% | $40.5M | $26.3M | 10x | as long as short |
| Aster ONDOUSDT | +0.0100% | 4h | 0.4581 | −0.123% | $725K | $2.1M | 20x | as long as short |
Kraken Futures PF_ONDOUSD
Gate ONDO_USDT
dYdX ONDO-USD
Deribit ONDO_USDC-PERPETUAL
gTrade (Gains Network) ONDO/USD
Injective ONDO/USDC PERP
Orderly PERP_ONDO_USDC
Nado ONDO-PERP
Hyperliquid ONDO
Aster ONDOUSDTShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ONDOUSDT | +0.0100% | 4h | 0.4573 | −0.293% | $68.4M | $226.1M | 75x | as long as short |
| Bybit ONDOUSDT | +0.0100% | 4h | 0.4573 | −0.288% | $74.0M | $120.6M | 50x | as long as short |
| OKX ONDO-USDT-SWAP | +0.0100% | 4h | 0.4573 | −0.288% | $17.7M | $80.1M | 50x | as long as short |
| Ondo Perps ONDO-USD.Plong | +0.0100% | 1h | 0.4586 | long leg | $75K | $89K | 10x | |
| RISEx ONDO/USDC | +0.0100% | 1h | 0.4575 | −0.247% | — | — | 5x | as long as short |
| MEXC ONDO_USDT | +0.0100% | 4h | 0.4572 | −0.310% | $49.0M | $41.2M | 200x | as long as short |
| KuCoin ONDOUSDTM | +0.0100% | 4h | 0.4578 | −0.179% | $14.2M | $11.0M | 50x | as long as short |
| Bitget ONDOUSDT | +0.0100% | 4h | 0.4575 | −0.244% | $25.9M | $40.2M | 50x | as long as short |
| BingX ONDO-USDC | +0.0100% | 4h | 0.4573 | −0.288% | — | $739K | — | as long as short |
| Backpack ONDO_USDC_PERP | +0.0100% | 1h | 0.4578 | −0.179% | $231K | $1.0M | 15x | as long as short |
| Variational Omni ONDO | +0.0100% | 4h | 0.4574 | −0.269% | $815K | $2.0M | — | as long as short |
| edgeX ONDOUSDC | +0.0100% | 4h | 0.4577 | −0.210% | $5K | $320K | 20x | as long as short |
| GRVT ONDO_USDT_Perp | +0.0100% | 4h | 0.4581 | −0.114% | $423K | $949K | 10x | as long as short |
| ApeX Omni ONDOUSDT | +0.0100% | 1h | 0.4577 | −0.201% | $174K | $311K | 50x | as long as short |
| Polymarket Perps ONDO-USD | +0.0100% | 1h | 0.4581 | −0.118% | $69K | $1.1M | 10x | as long as short |
| SunX ONDO-USDT | +0.0100% | 4h | 0.4577 | −0.201% | — | $1.4M | 20x | as long as short |
| SoDEX ONDO-USD | +0.0100% | 1h | 0.4579 | −0.157% | $476 | $14K | 10x | as long as short |
| HTX ONDO-USDT | +0.0100% | 4h | 0.4587 | +0.017% | $134K | $503K | 50x | as long as short |
| Phemex ONDOUSDT | +0.0100% | 4h | 0.4579 | −0.157% | $4.6M | $7.0M | 50x | as long as short |
| Paradex ONDO-USD-PERP | +0.0100% | 8h | 0.4573 | −0.286% | $7K | $9 | 10x | as long as short |
| Extended ONDO-USD | +0.0104% | 1h | 0.4574 | −0.274% | $409K | $843K | 25x | as long as short |
| Aevo ONDO-PERP | +0.0104% | 1h | 0.4581 | −0.113% | $45K | $8K | 3x | as long as short |
| 01 Exchange ONDOUSD | +0.0176% | 1h | 0.4577 | −0.190% | $377 | $2K | 10x | as long as short |
| Phoenix ONDO | +0.0244% | 1h | 0.4585 | −0.028% | $38K | $248K | 10x | as long as short |
| Coinbase International ONDO-PERP-INTX | +0.0280% | 1h | 0.4581 | −0.113% | $297K | $844K | 50x | as long as short |
| BloFin ONDO-USDT | +0.0340% | 4h | 0.4580 | −0.135% | $3.3M | $3.3M | 75x | as long as short |
| Lighter ONDOshort | +0.0416% | 1h | 0.4579 | −0.150% | $1.5M | $2.2M | 10x | |
| GMX ONDO/USD [ETH-USDC] | L +0.0589% / S −0.0188% | 1h | 0.4577 | −0.198% | $547K | — | 100x | as long as short |
| Reya ONDORUSDPERP | +0.1144% | 1h | 0.4577 | −0.204% | $2K | — | 20x | as long as short |
Binance ONDOUSDT
Bybit ONDOUSDT
OKX ONDO-USDT-SWAP
RISEx ONDO/USDC
MEXC ONDO_USDT
KuCoin ONDOUSDTM
Bitget ONDOUSDT
BingX ONDO-USDC
Backpack ONDO_USDC_PERP
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
01 Exchange ONDOUSD
Phoenix ONDO
Coinbase International ONDO-PERP-INTX
BloFin ONDO-USDT
GMX ONDO/USD [ETH-USDC]
Reya ONDORUSDPERP