ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0968%/8h= −106.0% APRnext payment −$1.21 per $10,000 · paid last 24h +0.134%

Price spread now: Kraken Futures against SoDEX−0.041%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Kraken Futures

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—needs both histories

Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Kraken Futures is 0.041% cheaper against SoDEX than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ONDO-USD	0.4601	0.0100	pay 0.0013% / 1h	29m 39s	$478	$14K	10x
Short	Kraken Futures PF_ONDOUSD	0.4599	−0.0868	pay 0.0109% / 1h	29m 39s	$2.8M	$8.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against SoDEX. 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 SoDEXbpFee Kraken FuturesbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$203.37
Price spread: −0.041% → 0.000%: −$4.07
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$225.44
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Kraken Futures: live order book, 4 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 SoDEX no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 4 min ago	9.75 bp	21.8 bp −$22	37.1 bp −$371	doesn't fit	doesn't fit

SoDEX: 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_ONDOUSDshort	−0.0868%	1h	0.4599	−0.041%	$2.8M	$8.0M	50x
dYdX ONDO-USD	0.0000%	1h	0.4600	−0.013%	$260K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4598	−0.063%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−0.717%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4599	−0.043%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4601	0.000%	$432K	$708K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4600	−0.031%	$726K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4598	−0.061%	$68.9M	$223.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4598	−0.065%	$74.4M	$120.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4601	0.000%	$17.6M	$79.0M	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	0.4613	+0.265%	$73K	$92K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4598	−0.071%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4597	−0.087%	$12.1M	$16.7M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4599	−0.043%	$49.9M	$41.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4598	−0.065%	$14.2M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4601	0.000%	$26.1M	$39.2M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4600	−0.022%	—	$22.2M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4602	+0.017%	$231K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4597	−0.092%	$817K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4606	+0.107%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4605	+0.096%	$426K	$959K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4611	+0.217%	$172K	$349K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4601	+0.004%	$74K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4599	−0.043%	—	$1.4M	20x	as long as short
SoDEX ONDO-USDlong	+0.0100%	1h	0.4601	long leg	$478	$14K	10x
HTX ONDO-USDT	+0.0100%	4h	0.4609	+0.174%	$135K	$492K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4599	−0.043%	$4.6M	$7.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4599	−0.047%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4601	−0.005%	$417K	$842K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4602	+0.033%	$40K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0185%	1h	0.4601	0.000%	$34K	$363K	25x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4636	+0.759%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0264%	1h	0.4603	+0.037%	$379	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4631	+0.652%	$300K	$828K	50x	as long as short
Hyperliquid ONDO	+0.0285%	1h	0.4603	+0.052%	$41.0M	$25.5M	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4594	−0.152%	$3.3M	$3.0M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0591% / S −0.0188%	1h	0.4598	−0.073%	$549K	—	100x	as long as short
Lighter ONDO	+0.0600%	1h	0.4607	+0.128%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1145%	1h	0.4598	−0.059%	$2K	—	20x	as long as short