ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0776%/8h= +85.0% APRnext payment +$0.97 per $10,000 · paid last 24h −1.460%

Price spread now: Lighter against dYdX+0.094%7-day average +0.120% · you sell dearer than you buy

Net, funding: paid 7d − costs−$564as in the Funding arb table

Net, price: spread back to 7d avg − costs−$315as in the Price arb table

costs, in and out, $10k−$3123.122% of the position

Long on dYdX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−2.516%−$252 on $10k

Price spread, last 4 days (all we have)+0.010%+$1 · spread now +0.094%, 7d avg +0.120%

Together, before fees−2.506%+ Points / potential airdropLighter: Season 3 · farm board−$251 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.026% cheaper against dYdX than usual: you would sell low and buy high (spread +0.094% now, against its 7-day average of +0.120%). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$23 a day). Mind the row above: over the last 7 days funding on this pair cost −2.516%, 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	0.4399	0	get 0.0000% / 1h	16m 21s	$249K	$130K	5x
Short	Lighter ONDO	0.4403	0.0776	get 0.0097% / 1h	16m 21s	$1.4M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.094%Rate

Funding earned: $162.96
Price spread: +0.094% → +0.120%: −$2.57
Slippage, 4 orders: −$302.19
Fee dYdX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$151.8
Costs to cover: 3.122%
Break-even: 13.5 days

Slippage from dYdX: live order book, 53 min ago; Lighter: live order book, 5 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, 53 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 Lighter live order book, 5 min ago	5.08 bp	5.3 bp −$5	22.6 bp −$226	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	−0.0363%	1h	0.4402	+0.061%	$2.6M	$8.1M	50x	as long as short
dYdX ONDO-USDlong	0.0000%	1h	0.4399	long leg	$249K	$130K	5x
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4396	−0.074%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.836%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4396	−0.074%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4399	0.000%	$385K	$861K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4397	−0.047%	$671K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4398	−0.020%	$63.7M	$231.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4397	−0.051%	$69.7M	$125.4M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4398	−0.028%	$17.0M	$75.2M	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	0.4413	+0.303%	$72K	$88K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4396	−0.063%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4397	−0.051%	$11.6M	$16.5M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4399	−0.006%	$46.2M	$43.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4397	−0.051%	$13.1M	$11.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4401	+0.040%	$25.0M	$40.4M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4398	−0.028%	—	$22.3M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4416	+0.373%	$769K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4408	+0.188%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4412	+0.300%	$419K	$976K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4405	+0.131%	$135K	$366K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4401	+0.031%	$92K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4404	+0.108%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4404	+0.108%	$458	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4409	+0.222%	$129K	$506K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4394	−0.128%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4394	−0.111%	$398K	$824K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4405	+0.131%	$38K	$13K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0142%	1h	0.4403	+0.083%	$201K	$1.0M	15x	as long as short
Hyperliquid ONDO	+0.0268%	1h	0.4405	+0.122%	$38.8M	$25.7M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4422	+0.517%	$284K	$744K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4425	+0.590%	$35K	$231K	10x	as long as short
01 Exchange ONDOUSD	+0.0352%	1h	0.4401	+0.047%	$362	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0432%	1h	0.4403	+0.085%	$23K	$349K	25x	as long as short
Phemex ONDOUSDT	+0.0451%	4h	0.4403	+0.085%	$4.2M	$7.4M	50x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0550% / S −0.0190%	1h	0.4401	+0.034%	$485K	—	100x	as long as short
Lighter ONDOshort	+0.0776%	1h	0.4403	+0.094%	$1.4M	$2.1M	10x
Reya ONDORUSDPERP	+0.1148%	1h	0.4402	+0.066%	$2K	—	20x	as long as short