ONDO

Alert

Funding spread now, next payment 19:00 UTC−0.8881%/8h

next payment, per $10,000−$11.10paid, last 24h−1.425%paid, last 7 days−2.127%to open and close $10k−$172

The current rate is far above what this pair has been paying: over the last 7 days it paid -2.127% in total (about -110.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$11.10 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	dYdX ONDO-USD	0.4410	0.8981	pay 0.1123% / 1h	29m 23s	$250K	$116K	5x
Short	Backpack ONDO_USDC_PERP	0.4406	0.0100	get 0.0013% / 1h	29m 23s	$234K	$937K	15x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee BackpackbpOrdersRate

Funding earned: −$1,864.98
Slippage, 4 orders: −$152.05
Fee dYdX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$2,037.03
Break-even: never at this rate

Slippage from dYdX: live order book, 6 min ago; Backpack: live order book, 6 min ago.

Price risk

price view

Price gap now: −0.092%
Avg gap 7d: +0.024%

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 dYdX live order book, 6 min ago	39.18 bp	44.2 bp −$44	44.2 bp −$442	48.4 bp −$4,844	269.4 bp −$134.7K
Sell Backpack live order book, 6 min ago	0.80 bp	9.7 bp −$10	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
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	$1K	$49K	5.5x	as long as short
Variational Omni ONDO	+0.0092%	4h	$766K	$2.1M	—	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	$24K	$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	$461K	$630K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	$39.3M	$26.5M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	$65.1M	$221.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	$69.1M	$115.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	$17.3M	$79.7M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	$72K	$90K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	$11.6M	$19.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	$46.6M	$44.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	$13.4M	$9.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	$24.8M	$42.0M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	—	$23.2M	—	as long as short
Backpack ONDO_USDC_PERPshort	+0.0100%	1h	$234K	$937K	15x
edgeX ONDOUSDC	+0.0100%	4h	$4K	$320K	20x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	$155K	$346K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	$85K	$979K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	$458	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	$109K	$526K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	$4.9M	$5.6M	50x	as long as short
Extended ONDO-USD	+0.0104%	1h	$372K	$933K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	$35K	—	3x	as long as short
Aster ONDOUSDT	+0.0120%	4h	$742K	$1.8M	20x	as long as short
Phoenix ONDO	+0.0145%	1h	$27K	$249K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0204%	1h	$20K	$333K	25x	as long as short
01 Exchange ONDOUSD	+0.0240%	1h	$363	$1K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	$3.3M	$3.2M	75x	as long as short
Lighter ONDO	+0.0440%	1h	$1.2M	$1.6M	10x	as long as short
Kraken Futures PF_ONDOUSD	+0.0576%	1h	$3.2M	$5.5M	50x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0592%	1h	$328K	$802K	50x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0602% / S −0.0200%	1h	$543K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1132%	1h	$2K	—	20x	as long as short
dYdX ONDO-USDlong	+0.8981%	1h	$250K	$116K	5x