ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1116%/8h= −122.2% APRnext payment −$1.39 per $10,000 · paid last 24h −0.835%

Price spread now: Injective against Reya+3.467%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 Injective

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. Injective is 3.467% dearer against Reya than usual: you sell high and buy low (spread +3.467% now, against zero (this spread has no 7-day history yet)): +$347 on $10k if it goes back. Holding the pair costs −$33 a day in funding at the current rate, which eats that in about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ONDORUSDPERP	0.4415	0.1149	pay 0.0144% / 1h	35m 19s	$2K	—	20x
Short	Injective ONDO/USDC PERP	0.4568	0.0033	get 0.0004% / 1h	35m 19s	$888	$216K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +3.467%Rate

Funding earned: −$234.33
Price spread: +3.467% → 0.000%: $346.7
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $106.35
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; 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 Reya no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Reya and 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
dYdX ONDO-USD	0.0000%	1h	0.4411	−0.091%	$250K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4412	−0.071%	$6K	—	150x	as long as short
Injective ONDO/USDC PERPshort	+0.0033%	1h	0.4568	+3.467%	$888	$216K	5.5x
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4413	−0.040%	$2.6M	$8.1M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4412	−0.066%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4412	−0.055%	$374K	$837K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4415	+0.001%	$64.1M	$225.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4414	−0.021%	$69.7M	$122.7M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4416	+0.024%	$17.0M	$72.1M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4396	−0.438%	$72K	$86K	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	0.4411	−0.095%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4412	−0.066%	$11.6M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4415	+0.001%	$46.9M	$41.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4412	−0.066%	$12.9M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4415	+0.001%	$25.2M	$39.7M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4416	+0.024%	—	$759K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4409	−0.143%	$713K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4397	−0.412%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4402	−0.293%	$406K	$983K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4397	−0.406%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4415	−0.003%	$71K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4413	−0.044%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4415	+0.001%	$459	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4424	+0.205%	$130K	$473K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4416	+0.024%	$4.2M	$7.6M	50x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4413	−0.054%	$399K	$789K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4417	+0.057%	$38K	$13K	3x	as long as short
Paradex ONDO-USD-PERP	+0.0105%	8h	0.4412	−0.065%	$6K	—	10x	as long as short
Aster ONDOUSDT	+0.0142%	4h	0.4417	+0.047%	$713K	$2.3M	20x	as long as short
Hyperliquid ONDO	+0.0176%	1h	0.4418	+0.078%	$38.4M	$24.4M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0191%	1h	0.4418	+0.063%	$190K	$979K	15x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4398	−0.393%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4400	−0.338%	$3.1M	$3.0M	75x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4407	−0.180%	$283K	$703K	50x	as long as short
01 Exchange ONDOUSD	+0.0368%	1h	0.4416	+0.031%	$363	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0430%	1h	0.4415	+0.001%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0552% / S −0.0190%	1h	0.4411	−0.082%	$487K	—	100x	as long as short
Lighter ONDO	+0.0848%	1h	0.4419	+0.094%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERPlong	+0.1149%	1h	0.4415	long leg	$2K	—	20x