ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.474%

Price spread now: Injective against Hyperliquid+5.753%7-day average −0.845% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−3.726%−$373 on $10k

Price spread, last 4 days (all we have)−6.646%−$665 · spread now +5.753%, 7d avg −0.845%

Together, before fees−10.372%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1,037 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 6.598% dearer against Hyperliquid than usual: you sell high and buy low (spread +5.753% now, against its 7-day average of −0.845%): +$660 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 months. At the pace of the last 7 days (−3.726% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ONDO	0.4320	0.0100	pay 0.0013% / 1h	2m 37s	$36.3M	$25.6M	10x
Short	Injective ONDO/USDC PERP	0.4568	0.0033	get 0.0004% / 1h	2m 37s	$888	$216K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +5.753%Rate

Funding earned: −$14
Price spread: +5.753% → −0.845%: $659.76
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $636.74
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 11 min ago; Injective: no order-book sample. Net counts fees only.

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, 11 min ago	0.12 bp	5.0 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0162%	1h	0.4323	+0.089%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4329	+0.220%	$7K	—	150x	as long as short
Injective ONDO/USDC PERPshort	+0.0033%	1h	0.4568	+5.753%	$888	$216K	5.5x
Lighter ONDO	+0.0096%	1h	0.4320	+0.005%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4325	+0.127%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4330	+0.255%	$357K	$862K	10x	as long as short
Hyperliquid ONDOlong	+0.0100%	1h	0.4320	long leg	$36.3M	$25.6M	10x
Binance ONDOUSDT	+0.0100%	4h	0.4318	−0.025%	$62.2M	$233.7M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4315	−0.104%	$67.2M	$125.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4315	−0.104%	$17.0M	$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	0.4344	+0.572%	$72K	$83K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4315	−0.109%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4316	−0.081%	$11.9M	$16.5M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4316	−0.081%	$42.5M	$42.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4318	−0.035%	$12.2M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4316	−0.081%	$24.7M	$39.8M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4316	−0.081%	—	$761K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4325	+0.139%	$175K	$981K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4334	+0.330%	$683K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4333	+0.322%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4332	+0.300%	$404K	$1.2M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4330	+0.243%	$134K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4332	+0.299%	$65K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4328	+0.197%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4328	+0.197%	$450	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4340	+0.475%	$128K	$428K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4330	+0.243%	$4.2M	$8.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4317	−0.056%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4314	−0.119%	$388K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4329	+0.208%	$38K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0125%	4h	0.4319	−0.012%	$774K	$2.6M	20x	as long as short
01 Exchange ONDOUSD	+0.0160%	1h	0.4315	−0.102%	$355	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0212%	1h	0.4327	+0.174%	$18K	$362K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4333	+0.313%	$218K	$765K	50x	as long as short
Phoenix ONDO	+0.0327%	1h	0.4340	+0.484%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4329	+0.220%	$3.1M	$3.0M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0554% / S −0.0193%	1h	0.4329	+0.225%	$482K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1155%	1h	0.4332	+0.283%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1172%	1h	0.4317	−0.053%	$247K	$133K	5x	as long as short