ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0268%/8h= −29.3% APRnext payment −$0.33 per $10,000 · paid last 24h −0.057%

Price spread now: Backpack against 01 Exchange−0.097%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Backpack

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 −$8 a day on $10k at the current rate, and Backpack is 0.097% cheaper against 01 Exchange than usual: you would sell low and buy high (−$10 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	01 Exchange ONDOUSD	0.4534	0.0368	pay 0.0046% / 1h	56m 23s	$373	$2K	10x
Short	Backpack ONDO_USDC_PERP	0.4530	0.0100	get 0.0013% / 1h	56m 23s	$195K	$972K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against 01 Exchange. 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 01 ExchangebpFee BackpackbpOrdersPrice spread, now −0.097%Rate

Funding earned: −$56.28
Price spread: −0.097% → 0.000%: −$9.7
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$82.98
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Backpack: live order book, 28 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Backpack live order book, 28 min ago	1.00 bp	11.7 bp −$12	doesn't fit	doesn't fit	doesn't fit

01 Exchange: 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	−0.0355%	1h	0.4522	−0.263%	$2.8M	$8.0M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4526	−0.185%	$19K	$364K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4534	−0.002%	$6K	—	150x	as long as short
Phoenix ONDO	+0.0018%	1h	0.4509	−0.569%	$29K	$213K	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4533	−0.031%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4531	−0.080%	$425K	$682K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4534	−0.005%	$763K	$2.0M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4534	+0.002%	$66.8M	$220.3M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4534	−0.009%	$73.5M	$118.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4535	+0.013%	$17.7M	$80.1M	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	0.4515	−0.419%	$73K	$85K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4532	−0.060%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4532	−0.053%	$11.8M	$18.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4532	−0.053%	$47.4M	$43.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4532	−0.053%	$13.5M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4536	+0.035%	$25.6M	$41.2M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4534	−0.009%	—	$743K	—	as long as short
Backpack ONDO_USDC_PERPshort	+0.0100%	1h	0.4530	−0.097%	$195K	$972K	15x
Variational Omni ONDO	+0.0100%	4h	0.4505	−0.641%	$789K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4510	−0.545%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4504	−0.677%	$425K	$937K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4510	−0.538%	$159K	$333K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4532	−0.044%	$81K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4516	−0.406%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4526	−0.185%	$470	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4525	−0.207%	$130K	$510K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4524	−0.229%	$4.7M	$6.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4531	−0.076%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4533	−0.036%	$403K	$856K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4538	+0.079%	$44K	$8K	3x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4503	−0.692%	$1K	$181K	5.5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4513	−0.472%	$298K	$842K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4530	−0.097%	$3.2M	$3.1M	75x	as long as short
01 Exchange ONDOUSDlong	+0.0368%	1h	0.4534	long leg	$373	$2K	10x
Lighter ONDO	+0.0440%	1h	0.4539	+0.099%	$1.4M	$2.1M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0591% / S −0.0191%	1h	0.4534	−0.019%	$545K	—	100x	as long as short
Hyperliquid ONDO	+0.0731%	1h	0.4537	+0.055%	$40.6M	$27.7M	10x	as long as short
Reya ONDORUSDPERP	+0.1140%	1h	0.4533	−0.028%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1634%	1h	0.4526	−0.187%	$256K	$130K	5x	as long as short