ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.08 per $10,000 · paid last 24h −0.042%

Price spread now: Deribit against 01 Exchange−0.180%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 Deribit

What this pair did over the last

the charts below follow

Funding, last 4 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 −$2 a day on $10k at the current rate, and Deribit is 0.180% cheaper against 01 Exchange than usual: you would sell low and buy high (−$18 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	0.4381	0.0272	pay 0.0034% / 1h	52m 03s	$361	$2K	10x
Short	Deribit ONDO_USDC-PERPETUAL	0.4373	0.0208	get 0.0026% / 1h	52m 03s	$23K	$346K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.180%Rate

Funding earned: −$13.44
Price spread: −0.180% → 0.000%: −$18.03
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$45.47
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Deribit: live order book, 7 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 Deribit live order book, 7 min ago	9.14 bp	12.6 bp −$13	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
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4372	−0.206%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0020%	1h	0.4379	−0.039%	$248K	$129K	5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4371	−0.236%	$2.6M	$8.0M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.271%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4371	−0.226%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4380	−0.032%	$371K	$841K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4376	−0.116%	$37.6M	$24.4M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4377	−0.089%	$63.2M	$227.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4375	−0.135%	$69.3M	$123.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4377	−0.089%	$16.9M	$71.5M	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	0.4386	+0.126%	$72K	$84K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4377	−0.095%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4372	−0.203%	$11.6M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4372	−0.203%	$47.4M	$41.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4374	−0.158%	$12.8M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4376	−0.112%	$25.0M	$39.5M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4372	−0.203%	—	$763K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4373	−0.180%	$188K	$981K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4390	+0.203%	$711K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4388	+0.167%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4383	+0.039%	$413K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4365	−0.363%	$134K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4380	−0.014%	$67K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4381	+0.002%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4372	−0.203%	$454	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4381	+0.002%	$127K	$477K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4372	−0.203%	$4.2M	$7.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4379	−0.033%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4375	−0.127%	$397K	$793K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4373	−0.187%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUALshort	+0.0208%	1h	0.4373	−0.180%	$23K	$346K	25x
Aster ONDOUSDT	+0.0216%	4h	0.4378	−0.066%	$734K	$2.3M	20x	as long as short
01 Exchange ONDOUSDlong	+0.0272%	1h	0.4381	long leg	$361	$2K	10x
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4394	+0.299%	$276K	$719K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4393	+0.276%	$3.1M	$2.9M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4385	+0.082%	$35K	$223K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0549% / S −0.0190%	1h	0.4371	−0.215%	$482K	—	100x	as long as short
Lighter ONDO	+0.0568%	1h	0.4380	−0.030%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1151%	1h	0.4379	−0.044%	$2K	—	20x	as long as short