ONDO

Alert

Funding spread now, next payment 14:00 UTC+0.0635%/8h

next payment, per $10,000+$0.79paid, last 24h+0.139%paid, last 3 days−0.073%to open and closeno order book

Long on Coinbase International Short on Reya

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.073% in total (about -9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.79 per $10,000. 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	Coinbase International ONDO-PERP-INTX	0.4539	0.0488	pay 0.0061% / 1h	27m 52s	$356K	$815K	50x
Short	Reya ONDORUSDPERP	0.4527	0.1123	get 0.0140% / 1h	27m 52s	$2K	—	20x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee ReyabpOrdersRate

Funding earned: $133.45
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $117.45
Break-even: 0.8 days

Slippage unknown: Coinbase International: live order book, 27 min ago; Reya: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.257%
Avg gap 7d: —

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 Coinbase International live order book, 27 min ago	18.90 bp	30.0 bp −$30	63.4 bp −$634	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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 37 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate ONDO_USDT	−0.0074%	4h	$11.9M	$19.4M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	$36K	$237K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0007%	1h	$7K	—	150x	as long as short
Phoenix ONDO	+0.0035%	1h	$28K	$206K	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0094%	4h	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	$452K	$518K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	$693K	$1.5M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	$67.6M	$216.7M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	$70.2M	$112.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	$18.3M	$80.5M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	$74K	$101K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	—	—	5x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	$49.6M	$44.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	$14.2M	$10.2M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	$25.3M	$42.8M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	—	$765K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	$297K	$646K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	$916K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	$4K	$317K	20x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	$184K	$339K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	$87K	$961K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	$2K	$8K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	$130K	$618K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	$4.9M	$4.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	$6K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	$418K	$1.1M	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	$36K	—	3x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	$3.3M	$3.4M	75x	as long as short
Coinbase International ONDO-PERP-INTXlong	+0.0488%	1h	$356K	$815K	50x
Hyperliquid ONDO	+0.0498%	1h	$43.0M	$27.4M	10x	as long as short
Lighter ONDO	+0.0568%	1h	$1.2M	$1.9M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0574% / S −0.0190%	1h	$515K	—	100x	as long as short
Injective ONDO/USDC PERP	+0.0824%	1h	$1K	$88K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0896%	1h	$3.6M	$4.9M	50x	as long as short
Reya ONDORUSDPERPshort	+0.1123%	1h	$2K	—	20x
dYdX ONDO-USD	+0.3971%	1h	$161K	$11K	5x	as long as short