ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.138%

Price spread now: Lighter against Extended+0.128%7-day average +0.151% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$290.294% of the position

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.197%+$20 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.128%, 7d avg +0.151%

Together, before fees+0.203%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$20 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.022% cheaper against Extended than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.151%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ONDO-USD	0.4340	0.0104	pay 0.0013% / 1h	12m 48s	$358K	$810K	25x
Short	Lighter ONDO	0.4346	0.0096	get 0.0012% / 1h	12m 48s	$1.1M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Extended. 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 ExtendedbpFee LighterbpOrdersPrice spread, now +0.128%Rate

Funding earned: −$1.68
Price spread: +0.128% → +0.151%: −$2.25
Slippage, 4 orders: −$24.35
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$33.28
Costs to cover: 0.294%
Break-even: never at this rate

Slippage from Extended: live order book, 30 min ago; Lighter: live order book, 4 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 Extended live order book, 30 min ago	3.46 bp	6.0 bp −$6	15.4 bp −$154	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	5.18 bp	9.3 bp −$9	34.2 bp −$342	doesn't fit	doesn't fit

ONDO on 39 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	−0.0146%	1h	0.4340	−0.002%	$2.5M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4341	+0.011%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0016%	1h	0.4339	−0.039%	$244K	$140K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.248%	$888	$216K	5.5x	as long as short
Lighter ONDOshort	+0.0096%	1h	0.4346	+0.128%	$1.1M	$2.4M	10x
Nado ONDO-PERP	+0.0100%	1h	0.4343	+0.058%	$348K	$890K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4344	+0.091%	$780K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4342	+0.044%	$62.8M	$234.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4340	−0.006%	$68.0M	$122.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4342	+0.041%	$17.3M	$72.2M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4348	+0.181%	$71K	$81K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4342	+0.035%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4340	−0.006%	$12.7M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4342	+0.041%	$43.7M	$42.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4341	+0.017%	$12.0M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4341	+0.017%	$24.8M	$37.2M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4342	+0.041%	—	$23.3M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4343	+0.059%	$178K	$995K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4339	−0.035%	$723K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4339	−0.020%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4340	−0.005%	$406K	$1.5M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4340	−0.006%	$133K	$339K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4344	+0.080%	$62K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4341	+0.017%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4343	+0.064%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4342	+0.041%	$451	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4351	+0.248%	$129K	$399K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4341	+0.017%	$4.2M	$8.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4341	+0.021%	$6K	—	10x	as long as short
Extended ONDO-USDlong	+0.0104%	1h	0.4340	long leg	$358K	$810K	25x
Aevo ONDO-PERP	+0.0104%	1h	0.4345	+0.108%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0211%	1h	0.4343	+0.064%	$18K	$351K	25x	as long as short
01 Exchange ONDOUSD	+0.0232%	1h	0.4345	+0.119%	$358	$2K	10x	as long as short
Hyperliquid ONDO	+0.0235%	1h	0.4346	+0.126%	$36.5M	$27.1M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4342	+0.041%	$215K	$728K	50x	as long as short
Phoenix ONDO	+0.0313%	1h	0.4344	+0.075%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4341	+0.017%	$3.1M	$3.2M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0574% / S −0.0203%	1h	0.4341	+0.008%	$496K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1159%	1h	0.4343	+0.057%	$2K	—	20x	as long as short