ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0821%/8h= −89.9% APRnext payment −$1.03 per $10,000 · paid last 24h −0.231%

Price spread now: Hyperliquid against Reya+0.101%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 Hyperliquid

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 · Hyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Hyperliquid is 0.101% dearer against Reya than usual: you sell high and buy low (spread +0.101% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ONDORUSDPERP	0.4589	0.1145	pay 0.0143% / 1h	18m 25s	$2K	—	20x
Short	Hyperliquid ONDO	0.4594	0.0325	get 0.0041% / 1h	18m 25s	$40.9M	$25.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.101%Rate

Funding earned: −$172.35
Price spread: +0.101% → 0.000%: $10.1
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$177.25
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Hyperliquid: live order book, 5 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 Hyperliquid live order book, 5 min ago	1.41 bp	8.8 bp −$9	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	−0.0869%	1h	0.4599	+0.205%	$2.8M	$7.9M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4582	−0.148%	$259K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4591	+0.042%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−0.463%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4596	+0.147%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4588	−0.022%	$430K	$710K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4585	−0.086%	$731K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4592	+0.067%	$68.9M	$221.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4595	+0.125%	$74.2M	$119.4M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4596	+0.147%	$17.6M	$78.2M	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	0.4588	−0.032%	$73K	$91K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4582	−0.157%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4588	−0.028%	$12.0M	$16.7M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4587	−0.049%	$49.2M	$41.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4588	−0.028%	$14.2M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4596	+0.147%	$26.0M	$38.9M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4591	+0.038%	—	$742K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4587	−0.045%	$230K	$999K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4605	+0.337%	$817K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4606	+0.358%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4603	+0.299%	$432K	$960K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4604	+0.321%	$172K	$349K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4591	+0.044%	$73K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4589	−0.006%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4598	+0.190%	$478	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4600	+0.234%	$135K	$492K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4586	−0.071%	$4.5M	$7.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4581	−0.189%	$7K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4596	+0.143%	$417K	$826K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4597	+0.179%	$40K	$13K	3x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4610	+0.450%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0256%	1h	0.4587	−0.041%	$378	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4617	+0.604%	$299K	$820K	50x	as long as short
Hyperliquid ONDOshort	+0.0325%	1h	0.4594	+0.101%	$40.9M	$25.1M	10x
BloFin ONDO-USDT	+0.0340%	4h	0.4587	−0.049%	$3.3M	$3.0M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0403%	1h	0.4598	+0.190%	$34K	$346K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0591% / S −0.0188%	1h	0.4591	+0.042%	$548K	—	100x	as long as short
Lighter ONDO	+0.0608%	1h	0.4592	+0.071%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERPlong	+0.1145%	1h	0.4589	long leg	$2K	—	20x