ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.1148%/8h= −125.7% APRnext payment −$1.43 per $10,000 · paid last 24h +1.310%

Price spread now: dYdX against Reya−0.253%46s7-day average — · you buy dearer than you sell

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

Long on Reya Short on dYdX

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

Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and dYdX is 0.253% cheaper against Reya than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 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	Reya ONDORUSDPERP	0.4419	0.1148	pay 0.0143% / 1h	20m 42s	$2K	—	20x
Short	dYdX ONDO-USD	0.4408	0	get 0.0000% / 1h	20m 42s	$249K	$130K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.253%Rate

Funding earned: −$240.98
Price spread: −0.253% → 0.000%: −$25.26
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$282.24
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; dYdX: live order book, 48 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 dYdX live order book, 48 min ago	130.76 bp	162.4 bp −$162	318.4 bp −$3,184	944.8 bp −$94.5K	1836.8 bp −$918.4K

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 38 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	−0.0362%	1h	0.4412	−0.166%	$2.6M	$8.1M	50x	as long as short
dYdX ONDO-USDshort	0.0000%	1h	0.4408	−0.253%	$249K	$130K	5x
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4415	−0.098%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.368%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4412	−0.162%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4418	−0.015%	$387K	$860K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4409	−0.230%	$673K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4408	−0.259%	$63.9M	$231.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4406	−0.298%	$69.8M	$125.4M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4407	−0.276%	$17.0M	$75.5M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4425	+0.123%	$72K	$88K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4404	−0.335%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4404	−0.343%	$11.6M	$16.4M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4406	−0.298%	$45.5M	$43.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4407	−0.276%	$13.1M	$11.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4407	−0.276%	$25.1M	$40.4M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4407	−0.276%	—	$22.3M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4416	−0.079%	$769K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4416	−0.062%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4419	−0.015%	$419K	$976K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4416	−0.072%	$136K	$366K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4420	+0.010%	$93K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4415	−0.095%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4415	−0.095%	$459	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4426	+0.154%	$130K	$512K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4406	−0.295%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4406	−0.291%	$398K	$823K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4415	−0.095%	$38K	$13K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0131%	1h	0.4411	−0.183%	$201K	$1.0M	15x	as long as short
Hyperliquid ONDO	+0.0287%	1h	0.4410	−0.199%	$38.9M	$25.7M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4422	+0.064%	$284K	$745K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4425	+0.136%	$35K	$231K	10x	as long as short
01 Exchange ONDOUSD	+0.0352%	1h	0.4420	+0.019%	$364	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0430%	1h	0.4416	−0.072%	$23K	$349K	25x	as long as short
Phemex ONDOUSDT	+0.0516%	4h	0.4411	−0.185%	$4.2M	$7.4M	50x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0551% / S −0.0190%	1h	0.4414	−0.107%	$487K	—	100x	as long as short
Lighter ONDO	+0.0776%	1h	0.4414	−0.119%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERPlong	+0.1148%	1h	0.4419	long leg	$2K	—	20x