ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Polymarket Perps against Extended+0.069%7-day average +0.117% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$250.248% of the position

Long on Extended Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 3 days (all we have)+0.201%+$20 · spread now +0.069%, 7d avg +0.117%

Together, before fees+0.178%+ Points / potential airdropExtended: Active · farm board+$18 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: Polymarket Perps is 0.048% cheaper against Extended than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.117%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ONDO-USD	0.4562	0.0104	pay 0.0013% / 1h	19m 16s	$407K	$844K	25x
Short	Polymarket Perps ONDO-USD	0.4565	0.0100	get 0.0013% / 1h	19m 16s	$69K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$0.84
Price spread: +0.069% → +0.117%: −$4.77
Slippage, 4 orders: −$11.79
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$30.4
Costs to cover: 0.248%
Break-even: never at this rate

Slippage from Extended: live order book, 59 min ago; Polymarket Perps: 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, 59 min ago	2.17 bp	6.6 bp −$7	15.1 bp −$151	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	2.09 bp	7.0 bp −$7	8.5 bp −$85	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	−0.0800%	1h	0.4561	−0.017%	$2.8M	$8.0M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	+0.128%	$888	$216K	5.5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4561	−0.021%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4561	−0.025%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4560	−0.053%	$438K	$710K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4565	+0.062%	$724K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4562	−0.006%	$68.2M	$227.3M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4562	−0.003%	$74.0M	$121.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4562	−0.003%	$17.6M	$80.4M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4547	−0.328%	$74K	$88K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4561	−0.029%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4559	−0.069%	$12.0M	$18.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4562	−0.003%	$48.7M	$43.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4563	+0.019%	$14.1M	$11.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4564	+0.040%	$25.8M	$40.9M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4561	−0.025%	—	$22.3M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4556	−0.144%	$228K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4549	−0.291%	$782K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4538	−0.534%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4543	−0.427%	$419K	$960K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4539	−0.508%	$172K	$311K	50x	as long as short
Polymarket Perps ONDO-USDshort	+0.0100%	1h	0.4565	+0.069%	$69K	$1.2M	10x
SunX ONDO-USDT	+0.0100%	4h	0.4554	−0.179%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4563	+0.019%	$474	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4563	+0.019%	$134K	$504K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4562	−0.003%	$4.6M	$6.9M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4557	−0.119%	$7K	$9	10x	as long as short
Extended ONDO-USDlong	+0.0104%	1h	0.4562	long leg	$407K	$844K	25x
Aevo ONDO-PERP	+0.0104%	1h	0.4565	+0.057%	$44K	$8K	3x	as long as short
Hyperliquid ONDO	+0.0118%	1h	0.4566	+0.080%	$40.4M	$26.4M	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0188%	1h	0.4564	+0.040%	$35K	$437K	25x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4555	−0.161%	$38K	$257K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4562	−0.003%	$297K	$844K	50x	as long as short
01 Exchange ONDOUSD	+0.0320%	1h	0.4564	+0.047%	$376	$2K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4552	−0.223%	$3.3M	$3.2M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0588% / S −0.0188%	1h	0.4561	−0.027%	$545K	—	100x	as long as short
Lighter ONDO	+0.0744%	1h	0.4563	+0.027%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1143%	1h	0.4562	−0.013%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3461%	1h	0.4555	−0.151%	$258K	$132K	5x	as long as short