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ONDO

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Funding spread now, next payment 17:00 UTC+0.0930%/8h
next payment, per $10,000+$1.16paid, last 24h+0.100%paid, last 7 days+0.018%to open and close $10k−$48
Long on HyperliquidShort on Kraken Futures
The current rate is far above what this pair has been paying: over the last 7 days it paid 0.018% in total (about 0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.16 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ONDO0.44750.0100pay 0.0013% / 1h3m 59s$40.7M$26.8M10x
ShortKraken Futures PF_ONDOUSD0.44790.1030get 0.0129% / 1h3m 59s$3.6M$5.1M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$195.36
Slippage, 4 orders
−$28.85
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$147.51
Break-even
1.7 days
Slippage from Hyperliquid: live order book, 11 min ago; Kraken Futures: live order book, 1 min ago.

Price risk

price view
Price gap now
+0.091%
Avg gap 7d
−0.031%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 11 min ago0.22 bp7.5 bp −$8doesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures live order book, 1 min ago5.58 bp14.3 bp −$1424.6 bp −$246485.5 bp −$48.5Kdoesn't fit

ONDO on 38 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Bybit ONDOUSDT−0.0114%4h$70.4M$116.9M50xas long as short
Variational Omni ONDO−0.0080%4h$855K$2.0M—as long as short
gTrade (Gains Network) ONDO/USDL +0.0003% / S −0.0010%1h$9K—150xas long as short
Gate ONDO_USDT+0.0080%4h$11.8M$19.3M50xas long as short
Orderly PERP_ONDO_USDC+0.0094%4h$25K$8K10xas long as short
Paradex ONDO-USD-PERP+0.0100%8h$6K$910xas long as short
Nado ONDO-PERP+0.0100%1h$469K$640K10xas long as short
Hyperliquid ONDOlong+0.0100%1h$40.7M$26.8M10x
Aster ONDOUSDT+0.0100%4h$749K$1.9M20xas long as short
Binance ONDOUSDT+0.0100%4h$67.0M$228.2M75xas long as short
Show all 38 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
OKX ONDO-USDT-SWAP+0.0100%4h$17.8M$82.8M50xas long as short
Ondo Perps ONDO-USD.P+0.0100%1h$74K$92K10xas long as short
RISEx ONDO/USDC+0.0100%1h——5xas long as short
MEXC ONDO_USDT+0.0100%4h$47.9M$47.6M200xas long as short
KuCoin ONDOUSDTM+0.0100%4h$13.7M$9.8M50xas long as short
Bitget ONDOUSDT+0.0100%4h$25.3M$44.2M50xas long as short
BingX ONDO-USDT+0.0100%4h—$23.3M—as long as short
Backpack ONDO_USDC_PERP+0.0100%1h$234K$865K15xas long as short
edgeX ONDOUSDC+0.0100%4h$5K$319K20xas long as short
ApeX Omni ONDOUSDT+0.0100%1h$181K$371K50xas long as short
Polymarket Perps ONDO-USD+0.0100%1h$83K$1.0M10xas long as short
SunX ONDO-USDT+0.0100%4h—$1.4M20xas long as short
SoDEX ONDO-USD+0.0100%1h$465$14K10xas long as short
HTX ONDO-USDT+0.0100%4h$108K$530K50xas long as short
Phemex ONDOUSDT+0.0100%4h$5.0M$5.4M50xas long as short
Extended ONDO-USD+0.0104%1h$378K$1.1M25xas long as short
Aevo ONDO-PERP+0.0104%1h$35K—3xas long as short
Phoenix ONDO+0.0162%1h$28K$244K10xas long as short
Deribit ONDO_USDC-PERPETUAL+0.0197%1h$20K$339K25xas long as short
01 Exchange ONDOUSD+0.0224%1h$369$1K10xas long as short
BloFin ONDO-USDT+0.0340%4h$3.3M$3.3M75xas long as short
Lighter ONDO+0.0416%1h$1.2M$2.0M10xas long as short
Coinbase International ONDO-PERP-INTX+0.0464%1h$348K$843K50xas long as short
GMX ONDO/USD [ETH-USDC]L +0.0578% / S −0.0197%1h$518K—100xas long as short
Kraken Futures PF_ONDOUSDshort+0.1030%1h$3.6M$5.1M50x
Reya ONDORUSDPERP+0.1129%1h$2K—20xas long as short
Injective ONDO/USDC PERP+0.1162%1h$1K$85K5.5xas long as short
dYdX ONDO-USD+0.6495%1h$248K$106K5xas long as short