ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0289%/8h= +31.6% APRnext payment +$0.36 per $10,000 · paid last 24h −1.548%

Price spread now: Hyperliquid against dYdX−0.104%7-day average +0.115% · you buy dearer than you sell

Net, funding: paid 7d − costs−$558as in the Funding arb table

Net, price: spread back to 7d avg − costs−$338as in the Price arb table

costs, in and out, $10k−$3163.162% of the position

Long on dYdX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−2.414%−$241 on $10k

Price spread, last 4 days (all we have)+0.245%+$25 · spread now −0.104%, 7d avg +0.115%

Together, before fees−2.169%+ Points / potential airdropHyperliquid: Season 2 · farm board−$217 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.219% cheaper against dYdX than usual: you would sell low and buy high (spread −0.104% now, against its 7-day average of +0.115%). If the spread goes back, that is −$22 on $10k: about 2.5 days of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −2.414%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ONDO-USD	0.4416	0	get 0.0000% / 1h	20m 51s	$250K	$130K	5x
Short	Hyperliquid ONDO	0.4412	0.0289	get 0.0036% / 1h	20m 51s	$38.9M	$25.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against dYdX. 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 dYdXbpFee HyperliquidbpOrdersPrice spread, now −0.104%Rate

Funding earned: $60.63
Price spread: −0.104% → +0.115%: −$21.94
Slippage, 4 orders: −$297.19
Fee dYdX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$277.5
Costs to cover: 3.162%
Break-even: 39.0 days

Slippage from dYdX: live order book, 48 min ago; Hyperliquid: live order book, 12 min ago.

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, 48 min ago	130.76 bp	135.8 bp −$136	175.9 bp −$1,759	464.6 bp −$46.5K	1447.9 bp −$724.0K
Sell Hyperliquid live order book, 12 min ago	0.11 bp	10.4 bp −$10	doesn't fit	doesn't fit	doesn't fit

ONDO on 38 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	−0.0362%	1h	0.4412	−0.106%	$2.6M	$8.1M	50x	as long as short
dYdX ONDO-USDlong	0.0000%	1h	0.4416	long leg	$250K	$130K	5x
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4415	−0.037%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.430%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4412	−0.102%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4418	+0.045%	$387K	$860K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4411	−0.119%	$673K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4408	−0.182%	$64.0M	$231.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4408	−0.192%	$69.8M	$125.4M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4407	−0.215%	$17.0M	$75.6M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4425	+0.183%	$72K	$88K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4416	0.000%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4407	−0.215%	$11.6M	$16.4M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4407	−0.215%	$45.5M	$43.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4410	−0.147%	$13.1M	$11.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4408	−0.192%	$25.1M	$40.4M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4407	−0.215%	—	$761K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4416	−0.018%	$769K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4416	−0.002%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4419	+0.046%	$419K	$976K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4416	−0.011%	$136K	$366K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4420	+0.070%	$93K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4415	−0.034%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4415	−0.034%	$459	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4426	+0.215%	$130K	$512K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4418	+0.031%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4407	−0.209%	$398K	$823K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4415	−0.034%	$38K	$13K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0131%	1h	0.4411	−0.122%	$201K	$1.0M	15x	as long as short
Hyperliquid ONDOshort	+0.0289%	1h	0.4412	−0.104%	$38.9M	$25.7M	10x
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4422	+0.125%	$284K	$745K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4425	+0.197%	$35K	$231K	10x	as long as short
01 Exchange ONDOUSD	+0.0352%	1h	0.4420	+0.079%	$364	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0430%	1h	0.4416	−0.011%	$23K	$349K	25x	as long as short
Phemex ONDOUSDT	+0.0516%	4h	0.4411	−0.125%	$4.2M	$7.4M	50x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0551% / S −0.0190%	1h	0.4414	−0.047%	$487K	—	100x	as long as short
Lighter ONDO	+0.0776%	1h	0.4418	+0.041%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1148%	1h	0.4419	+0.061%	$2K	—	20x	as long as short