ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0051%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h −0.741%

Price spread now: Injective against Polymarket Perps−1.013%51s7-day average −1.033% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−3.406%−$341 on $10k

Price spread, last 3 days (all we have)+0.200%+$20 · spread now −1.013%, 7d avg −1.033%

Together, before fees−3.205%−$321 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Injective is 0.020% dearer against Polymarket Perps than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −1.033%. Mind the row above: over the last 7 days funding on this pair cost −3.406%, so the current rate has only just turned in your favour. The two prices were read 51 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	Polymarket Perps ONDO-USD	0.4549	0.0100	pay 0.0013% / 1h	42m 27s	$81K	$1.1M	10x
Short	Injective ONDO/USDC PERP	0.4503	0.0151	get 0.0019% / 1h	42m 27s	$1K	$181K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −1.013%Rate

Funding earned: $10.61
Price spread: −1.013% → −1.033%: $2
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $4.59
Costs to cover: 0.080%
Break-even: 4.0 days

Slippage unknown: Polymarket Perps: live order book, 1 min ago; Injective: no order-book sample. 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 Polymarket Perps live order book, 1 min ago	3.07 bp	7.1 bp −$7	7.4 bp −$74	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0353%	1h	0.4550	+0.025%	$2.8M	$8.0M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4550	+0.021%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4551	+0.042%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4550	+0.009%	$427K	$680K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4552	+0.064%	$751K	$2.0M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4551	+0.036%	$67.0M	$219.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4550	+0.020%	$73.8M	$117.9M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4547	−0.046%	$17.8M	$80.1M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4543	−0.123%	$73K	$85K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4549	−0.009%	—	—	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ONDO_USDT	+0.0100%	4h	0.4549	−0.002%	$11.9M	$18.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4549	−0.002%	$48.0M	$44.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4551	+0.042%	$13.5M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4546	−0.068%	$25.7M	$41.1M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4551	+0.042%	—	$22.4M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4553	+0.086%	$196K	$971K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4533	−0.352%	$797K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4551	+0.032%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4552	+0.066%	$421K	$941K	10x	as long as short
Polymarket Perps ONDO-USDlong	+0.0100%	1h	0.4549	long leg	$81K	$1.1M	10x
SunX ONDO-USDT	+0.0100%	4h	0.4552	+0.064%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4553	+0.086%	$473	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4556	+0.152%	$131K	$504K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4551	+0.042%	$4.8M	$6.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4549	−0.011%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4549	+0.008%	$403K	$857K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4555	+0.119%	$44K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4552	+0.073%	$30K	$219K	10x	as long as short
Injective ONDO/USDC PERPshort	+0.0151%	1h	0.4503	−1.013%	$1K	$181K	5.5x
Deribit ONDO_USDC-PERPETUAL	+0.0189%	1h	0.4553	+0.086%	$19K	$364K	25x	as long as short
ApeX Omni ONDOUSDT	+0.0273%	1h	0.4556	+0.152%	$161K	$333K	50x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4557	+0.174%	$301K	$854K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4552	+0.064%	$3.2M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0408%	1h	0.4554	+0.112%	$375	$2K	10x	as long as short
Hyperliquid ONDO	+0.0493%	1h	0.4559	+0.218%	$40.8M	$27.3M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0592% / S −0.0191%	1h	0.4549	−0.004%	$547K	—	100x	as long as short
Lighter ONDO	+0.0616%	1h	0.4559	+0.215%	$1.4M	$2.1M	10x	as long as short
dYdX ONDO-USD	+0.1048%	1h	0.4548	−0.014%	$257K	$130K	5x	as long as short
Reya ONDORUSDPERP	+0.1140%	1h	0.4548	−0.016%	$2K	—	20x	as long as short