ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0210%/8h= −23.0% APRnext payment −$0.26 per $10,000 · paid last 24h −0.064%

Price spread now: Extended against Hyperliquid+0.008%7-day average −0.145% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$310.305% of the position

Long on Hyperliquid Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.283%−$28 on $10k

Price spread, last 4 days (all we have)−0.301%−$30 · spread now +0.008%, 7d avg −0.145%

Together, before fees−0.584%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$58 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.153% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.008% now, against its 7-day average of −0.145%): +$15 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ONDO	0.4397	0.0314	pay 0.0039% / 1h	53m 52s	$37.8M	$24.6M	10x
Short	Extended ONDO-USD	0.4398	0.0104	get 0.0013% / 1h	53m 52s	$397K	$796K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Hyperliquid. 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 HyperliquidbpFee ExtendedbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$44.03
Price spread: +0.008% → −0.145%: $15.33
Slippage, 4 orders: −$16.51
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$59.21
Costs to cover: 0.305%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 9 min ago; Extended: live order book, 64 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 Hyperliquid live order book, 9 min ago	0.11 bp	10.1 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 64 min ago	4.57 bp	7.2 bp −$7	19.4 bp −$194	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	−0.0159%	1h	0.4392	−0.121%	$2.6M	$7.8M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4401	+0.085%	$249K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4396	−0.036%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.880%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4398	+0.009%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4394	−0.077%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4400	+0.070%	$363K	$847K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4398	+0.018%	$63.6M	$230.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4397	−0.009%	$68.2M	$126.4M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4400	+0.059%	$17.2M	$73.4M	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	0.4391	−0.136%	$73K	$84K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4403	+0.122%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4394	−0.077%	$11.6M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4399	+0.036%	$44.3M	$41.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4397	−0.009%	$12.7M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4398	+0.014%	$25.2M	$40.0M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4400	+0.059%	—	$21.9M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4392	−0.114%	$185K	$983K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4390	−0.174%	$716K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4394	−0.085%	$4K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4391	−0.137%	$414K	$1.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4396	−0.032%	$136K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4399	+0.039%	$69K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4397	−0.009%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4395	−0.055%	$457	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4413	+0.355%	$130K	$434K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4393	−0.100%	$4.3M	$7.9M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4403	+0.117%	$6K	—	10x	as long as short
Extended ONDO-USDshort	+0.0104%	1h	0.4398	+0.008%	$397K	$796K	25x
Aevo ONDO-PERP	+0.0104%	1h	0.4395	−0.043%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0184%	1h	0.4402	+0.111%	$362	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0205%	1h	0.4395	−0.055%	$18K	$367K	25x	as long as short
Aster ONDOUSDT	+0.0223%	4h	0.4398	+0.019%	$761K	$2.5M	20x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4406	+0.196%	$272K	$732K	50x	as long as short
Hyperliquid ONDOlong	+0.0314%	1h	0.4397	long leg	$37.8M	$24.6M	10x
BloFin ONDO-USDT	+0.0340%	4h	0.4406	+0.196%	$3.1M	$3.1M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4398	+0.005%	$35K	$218K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0607% / S −0.0219%	1h	0.4394	−0.082%	$522K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1153%	1h	0.4396	−0.027%	$2K	—	20x	as long as short