ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1057%/8h= −115.7% APRnext payment −$1.32 per $10,000 · paid last 24h −0.153%

Price spread now: Lighter against Reya+0.067%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 Lighter

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 · Lighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.067% dearer against Reya than usual: you sell high and buy low (spread +0.067% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$32 a day in funding at the current rate, which eats that in about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ONDORUSDPERP	0.4413	0.1153	pay 0.0144% / 1h	51m 31s	$2K	—	20x
Short	Lighter ONDO	0.4416	0.0096	get 0.0012% / 1h	51m 31s	$1.1M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.067%Rate

Funding earned: −$221.95
Price spread: +0.067% → 0.000%: $6.73
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$221.22
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Lighter: 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 Lighter live order book, 5 min ago	5.01 bp	11.3 bp −$11	24.8 bp −$248	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	−0.0159%	1h	0.4407	−0.139%	$2.6M	$7.8M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4407	−0.125%	$249K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4410	−0.065%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.519%	$888	$216K	5.5x	as long as short
Lighter ONDOshort	+0.0096%	1h	0.4416	+0.067%	$1.1M	$2.4M	10x
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4409	−0.085%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4407	−0.124%	$364K	$847K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4407	−0.135%	$63.7M	$230.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4404	−0.198%	$68.3M	$126.4M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4407	−0.130%	$17.2M	$73.5M	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	0.4414	+0.033%	$73K	$85K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4405	−0.186%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4406	−0.153%	$11.7M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4407	−0.130%	$43.9M	$41.5M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4411	−0.039%	$12.8M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4407	−0.130%	$25.3M	$40.0M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4407	−0.130%	—	$21.9M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4411	−0.044%	$186K	$983K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4390	−0.521%	$716K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4407	−0.123%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4413	+0.006%	$409K	$1.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4409	−0.085%	$136K	$353K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4412	−0.005%	$68K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4409	−0.085%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4409	−0.085%	$458	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4418	+0.119%	$131K	$434K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4408	−0.107%	$4.3M	$7.9M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4408	−0.112%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4405	−0.175%	$397K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4411	−0.044%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0184%	1h	0.4406	−0.162%	$363	$2K	10x	as long as short
Aster ONDOUSDT	+0.0234%	4h	0.4411	−0.033%	$763K	$2.5M	20x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4412	−0.017%	$272K	$733K	50x	as long as short
Hyperliquid ONDO	+0.0321%	1h	0.4415	+0.056%	$38.0M	$24.6M	10x	as long as short
Phoenix ONDO	+0.0327%	1h	0.4398	−0.334%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4411	−0.039%	$3.1M	$3.1M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0431%	1h	0.4410	−0.062%	$18K	$367K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0553% / S −0.0190%	1h	0.4409	−0.088%	$487K	—	100x	as long as short
Reya ONDORUSDPERPlong	+0.1153%	1h	0.4413	long leg	$2K	—	20x