ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Extended against Polymarket Perps+0.009%7-day average −0.117% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$260.257% of the position

Long on Polymarket Perps Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 3 days (all we have)−0.318%−$32 · spread now +0.009%, 7d avg −0.117%

Together, before fees−0.295%+ Points / potential airdropExtended: Active · farm board−$29 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: Extended is 0.126% dearer against Polymarket Perps than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.117%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ONDO-USD	0.4595	0.0100	pay 0.0013% / 1h	56m 43s	$69K	$1.2M	10x
Short	Extended ONDO-USD	0.4595	0.0104	get 0.0013% / 1h	56m 43s	$409K	$851K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0.84
Price spread: +0.009% → −0.117%: $12.59
Slippage, 4 orders: −$12.68
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$12.25
Costs to cover: 0.257%
Break-even: 109.1 days

Slippage from Polymarket Perps: live order book, 1 min ago; Extended: live order book, 21 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, 1 min ago	1.20 bp	5.6 bp −$6	7.2 bp −$72	doesn't fit	doesn't fit
Sell Extended live order book, 21 min ago	2.17 bp	5.1 bp −$5	16.1 bp −$161	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	−0.0794%	1h	0.4591	−0.079%	$2.8M	$7.9M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	−0.581%	$888	$216K	5.5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4592	−0.054%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4593	−0.037%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4593	−0.037%	$432K	$706K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4599	+0.103%	$726K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4604	+0.202%	$68.6M	$227.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4601	+0.137%	$74.6M	$122.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4601	+0.137%	$17.9M	$81.9M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4585	−0.207%	$75K	$89K	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	0.4588	−0.149%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4592	−0.059%	$12.1M	$17.9M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4596	+0.028%	$49.7M	$43.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4594	−0.015%	$13.8M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4602	+0.159%	$26.1M	$41.6M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4595	+0.007%	—	$742K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4576	−0.410%	$790K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4584	−0.225%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4588	−0.146%	$423K	$947K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4581	−0.298%	$174K	$312K	50x	as long as short
Polymarket Perps ONDO-USDlong	+0.0100%	1h	0.4595	long leg	$69K	$1.2M	10x
SunX ONDO-USDT	+0.0100%	4h	0.4591	−0.081%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4593	−0.037%	$477	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4600	+0.115%	$134K	$505K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4593	−0.037%	$4.8M	$6.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4587	−0.159%	$7K	$9	10x	as long as short
Extended ONDO-USDshort	+0.0104%	1h	0.4595	+0.009%	$409K	$851K	25x
Aevo ONDO-PERP	+0.0104%	1h	0.4592	−0.060%	$45K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4593	−0.044%	$38K	$257K	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0267%	1h	0.4596	+0.030%	$232K	$1.0M	15x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4588	−0.146%	$301K	$859K	50x	as long as short
Hyperliquid ONDO	+0.0314%	1h	0.4606	+0.255%	$40.9M	$26.9M	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4593	−0.037%	$3.3M	$3.2M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0403%	1h	0.4595	+0.007%	$37K	$436K	25x	as long as short
01 Exchange ONDOUSD	+0.0448%	1h	0.4596	+0.017%	$378	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0589% / S −0.0188%	1h	0.4592	−0.056%	$548K	—	100x	as long as short
Lighter ONDO	+0.1024%	1h	0.4611	+0.363%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1142%	1h	0.4593	−0.047%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.6609%	1h	0.4599	+0.096%	$260K	$129K	5x	as long as short