ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.1038%/8h= −113.7% APRnext payment −$1.30 per $10,000 · paid last 24h −0.302%

Price spread now: Backpack against Reya+0.030%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Backpack is 0.030% dearer against Reya than usual: you sell high and buy low (spread +0.030% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$31 a day in funding at the current rate, which eats that in about 2 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ONDORUSDPERP	0.4536	0.1138	pay 0.0142% / 1h	36m 45s	$2K	—	20x
Short	Backpack ONDO_USDC_PERP	0.4537	0.0100	get 0.0013% / 1h	36m 45s	$196K	$970K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Reya. 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 ReyabpFee BackpackbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$218.04
Price spread: +0.030% → 0.000%: $2.99
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$231.06
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Backpack: live order book, 52 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 Reya no order-book sample	—	—	—	—	—
Sell Backpack live order book, 52 min ago	1.89 bp	9.6 bp −$10	doesn't fit	doesn't fit	doesn't fit

Reya: 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	−0.1121%	1h	0.4536	+0.007%	$3.0M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4535	−0.029%	$6K	—	150x	as long as short
Phoenix ONDO	+0.0018%	1h	0.4521	−0.332%	$29K	$222K	10x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4522	−0.305%	$1K	$132K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4536	+0.003%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4534	−0.035%	$426K	$677K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4533	−0.055%	$759K	$2.0M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4526	−0.219%	$66.6M	$219.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4525	−0.239%	$73.5M	$117.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4521	−0.327%	$17.7M	$79.8M	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	0.4513	−0.499%	$72K	$85K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4533	−0.065%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4532	−0.085%	$11.8M	$18.7M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4533	−0.063%	$47.8M	$45.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4535	−0.019%	$14.0M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4530	−0.129%	$25.5M	$41.1M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4532	−0.085%	—	$22.7M	—	as long as short
Backpack ONDO_USDC_PERPshort	+0.0100%	1h	0.4537	+0.030%	$196K	$970K	15x
Variational Omni ONDO	+0.0100%	4h	0.4520	−0.360%	$797K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4518	−0.393%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4523	−0.284%	$417K	$936K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4521	−0.327%	$159K	$330K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4537	+0.017%	$80K	$1.0M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4536	+0.003%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4535	−0.019%	$471	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4544	+0.180%	$126K	$512K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4534	−0.041%	$4.8M	$6.2M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4532	−0.090%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4533	−0.068%	$404K	$987K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4537	+0.032%	$36K	—	3x	as long as short
Hyperliquid ONDO	+0.0145%	1h	0.4538	+0.047%	$40.8M	$27.5M	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0191%	1h	0.4538	+0.047%	$29K	$354K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4534	−0.041%	$305K	$841K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4530	−0.129%	$3.2M	$3.0M	75x	as long as short
01 Exchange ONDOUSD	+0.0432%	1h	0.4539	+0.076%	$374	$2K	10x	as long as short
Lighter ONDO	+0.0512%	1h	0.4533	−0.069%	$1.4M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0619% / S −0.0203%	1h	0.4535	−0.029%	$564K	—	100x	as long as short
Reya ONDORUSDPERPlong	+0.1138%	1h	0.4536	long leg	$2K	—	20x
dYdX ONDO-USD	+0.9907%	1h	0.4528	−0.170%	$256K	$123K	5x	as long as short