ONDO

Alert

Funding spread now, next payment 17:00 UTC+0.0382%/8h

paid, last 24h+0.008%paid, last 7 days+0.072%to open and close $10k−$41

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.072% in total (about 3.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ONDOUSDT	0.4468	−0.0282	get 0.0141% / 4h	3h 24m	$70.0M	$117.7M	50x
Short	Backpack ONDO_USDC_PERP	0.4460	0.0100	get 0.0013% / 1h	24m 18s	$236K	$867K	15x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee BackpackbpOrdersRate

Funding earned: $80.2
Slippage, 4 orders: −$19.68
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Backpack: 5 bp × 2 orders: −$10
Net: $39.52
Break-even: 3.6 days

Slippage from Bybit: live order book, 1 min ago; Backpack: live order book, 21 min ago.

Price risk

price view

Price gap now: −0.170%
Avg gap 7d: +0.048%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Bybit live order book, 1 min ago	1.12 bp	8.3 bp −$8	15.9 bp −$159	69.5 bp −$6,951	doesn't fit
Sell Backpack live order book, 21 min ago	2.77 bp	12.1 bp −$12	doesn't fit	doesn't fit	doesn't fit

ONDO on 38 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit ONDOUSDTlong	−0.0282%	4h	$70.0M	$117.7M	50x
Variational Omni ONDO	−0.0036%	4h	$922K	$2.0M	—	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0010%	1h	$9K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0094%	4h	$25K	$8K	10x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	$6K	$9	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	$469K	$626K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	$746K	$1.9M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	$68.1M	$229.3M	75x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	$17.9M	$83.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	$75K	$94K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	$11.8M	$19.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	$48.4M	$47.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	$13.7M	$10.3M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	$25.2M	$44.2M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	—	$766K	—	as long as short
Backpack ONDO_USDC_PERPshort	+0.0100%	1h	$236K	$867K	15x
edgeX ONDOUSDC	+0.0100%	4h	$5K	$318K	20x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	$181K	$387K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	$84K	$1.0M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	$465	$15K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	$118K	$552K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	$5.0M	$5.4M	50x	as long as short
Extended ONDO-USD	+0.0104%	1h	$376K	$1.1M	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	$35K	—	3x	as long as short
Phoenix ONDO	+0.0162%	1h	$28K	$244K	10x	as long as short
Hyperliquid ONDO	+0.0171%	1h	$40.7M	$27.4M	10x	as long as short
01 Exchange ONDOUSD	+0.0264%	1h	$368	$1K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	$3.4M	$3.4M	75x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0464%	1h	$355K	$835K	50x	as long as short
Lighter ONDO	+0.0472%	1h	$1.2M	$2.0M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0579% / S −0.0197%	1h	$518K	—	100x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0645%	1h	$19K	$338K	25x	as long as short
Kraken Futures PF_ONDOUSD	+0.1030%	1h	$3.6M	$5.2M	50x	as long as short
Reya ONDORUSDPERP	+0.1128%	1h	$2K	—	20x	as long as short
Injective ONDO/USDC PERP	+0.1162%	1h	$1K	$85K	5.5x	as long as short
dYdX ONDO-USD	+0.6226%	1h	$247K	$105K	5x	as long as short