ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h +1.392%

Price spread now: dYdX against Polymarket Perps−0.016%7-day average −0.085% · you buy dearer than you sell

Net, funding: paid 7d − costs+$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$1051.052% of the position

Long on Polymarket Perps Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+2.714%+$271 on $10k

Price spread, last 4 days (all we have)−0.138%−$14 · spread now −0.016%, 7d avg −0.085%

Together, before fees+2.575%+$258 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.069% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.016% now, against its 7-day average of −0.085%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.3 days. Mind the row above: over the last 7 days funding on this pair paid +2.714%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ONDO-USD	0.4386	0.0100	pay 0.0013% / 1h	56m 25s	$69K	$1.4M	10x
Short	dYdX ONDO-USD	0.4385	0	get 0.0000% / 1h	56m 25s	$248K	$129K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Polymarket Perps. 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 Polymarket PerpsbpFee dYdXbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$21
Price spread: −0.016% → −0.085%: $6.92
Slippage, 4 orders: −$87.17
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$119.25
Costs to cover: 1.052%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 2 min ago; dYdX: live order book, 63 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 Polymarket Perps live order book, 2 min ago	3.87 bp	8.1 bp −$8	8.2 bp −$82	doesn't fit	doesn't fit
Sell dYdX live order book, 63 min ago	27.22 bp	55.0 bp −$55	174.6 bp −$1,746	253.4 bp −$25.3K	871.7 bp −$435.8K

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	−0.0159%	1h	0.4390	+0.091%	$2.6M	$7.8M	50x	as long as short
dYdX ONDO-USDshort	0.0000%	1h	0.4385	−0.016%	$248K	$129K	5x
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4390	+0.092%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.152%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4391	+0.128%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4390	+0.093%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4387	+0.025%	$362K	$847K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4389	+0.071%	$63.4M	$230.7M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4384	−0.043%	$67.9M	$126.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4385	−0.021%	$17.1M	$73.1M	50x	as long as short

Show 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	0.4393	+0.164%	$73K	$84K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4383	−0.060%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4384	−0.043%	$11.6M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4387	+0.025%	$44.6M	$41.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4387	+0.025%	$12.7M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4386	+0.002%	$25.1M	$39.9M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4391	+0.116%	—	$764K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4391	+0.123%	$185K	$984K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4399	+0.293%	$719K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4398	+0.275%	$4K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4394	+0.178%	$408K	$1.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4398	+0.276%	$136K	$354K	50x	as long as short
Polymarket Perps ONDO-USDlong	+0.0100%	1h	0.4386	long leg	$69K	$1.4M	10x
SunX ONDO-USDT	+0.0100%	4h	0.4397	+0.253%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4392	+0.139%	$457	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4400	+0.321%	$130K	$434K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4391	+0.116%	$4.3M	$7.9M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4383	−0.060%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4383	−0.070%	$395K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4393	+0.162%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0176%	1h	0.4385	−0.030%	$361	$2K	10x	as long as short
Aster ONDOUSDT	+0.0225%	4h	0.4387	+0.029%	$760K	$2.5M	20x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4401	+0.344%	$272K	$731K	50x	as long as short
Hyperliquid ONDO	+0.0280%	1h	0.4390	+0.087%	$37.8M	$24.7M	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4390	+0.093%	$3.1M	$3.0M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4398	+0.267%	$35K	$218K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0434%	1h	0.4392	+0.139%	$18K	$367K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0606% / S −0.0219%	1h	0.4389	+0.061%	$521K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1153%	1h	0.4386	+0.002%	$2K	—	20x	as long as short