ONDO

Alert

Funding spread now, next payment 15:00 UTC−0.4635%/8h

next payment, per $10,000−$5.79paid, last 24h−1.262%paid, last 7 days−1.781%to open and close $10k−$305

The current rate is far above what this pair has been paying: over the last 7 days it paid -1.781% in total (about -92.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.79 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	dYdX ONDO-USD	0.4512	0.4735	pay 0.0592% / 1h	33m 11s	$160K	$11K	5x
Short	Polymarket Perps ONDO-USD	0.4516	0.0100	get 0.0013% / 1h	33m 11s	$87K	$959K	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee Polymarket PerpsbpOrdersRate

Funding earned: −$973.36
Slippage, 4 orders: −$286.85
Fee dYdX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$1,278.2
Break-even: never at this rate

Slippage from dYdX: live order book, 22 min ago; Polymarket Perps: live order book, 21 min ago.

Price risk

price view

Price gap now: +0.108%
Avg gap 7d: +0.093%

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, 22 min ago	101.19 bp	106.2 bp −$106	106.2 bp −$1,062	109.2 bp −$10.9K	391.1 bp −$195.6K
Sell Polymarket Perps live order book, 21 min ago	3.57 bp	7.6 bp −$8	9.7 bp −$97	doesn't fit	doesn't fit

ONDO on 37 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate ONDO_USDT	−0.0088%	4h	$11.9M	$19.3M	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	$453K	$517K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	$699K	$1.5M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	$67.5M	$216.3M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	$70.0M	$112.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	$18.3M	$80.0M	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	$49.4M	$44.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	$14.2M	$10.2M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	$25.2M	$42.7M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	—	$766K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	$297K	$646K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	$904K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	$4K	$316K	20x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	$183K	$339K	50x	as long as short
Polymarket Perps ONDO-USDshort	+0.0100%	1h	$87K	$959K	10x
SunX ONDO-USDT	+0.0100%	4h	—	$1.3M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	$2K	$8K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	$129K	$617K	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	$416K	$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
Hyperliquid ONDO	+0.0438%	1h	$42.5M	$27.2M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0488%	1h	$354K	$812K	50x	as long as short
Lighter ONDO	+0.0528%	1h	$1.2M	$1.9M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0573% / S −0.0190%	1h	$514K	—	100x	as long as short
Injective ONDO/USDC PERP	+0.0824%	1h	$1K	$88K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0899%	1h	$3.5M	$4.9M	50x	as long as short
Reya ONDORUSDPERP	+0.1123%	1h	$2K	—	20x	as long as short
dYdX ONDO-USDlong	+0.4735%	1h	$160K	$11K	5x