ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0895%/8h= +97.9% APRnext payment +$1.12 per $10,000 · paid last 24h +0.238%

Price spread now: Reya against Hyperliquid−0.021%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.021% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 2 hours of funding at the current rate (+$27 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ONDO	0.4437	0.0252	pay 0.0032% / 1h	44m 30s	$39.2M	$25.5M	10x
Short	Reya ONDORUSDPERP	0.4436	0.1147	get 0.0143% / 1h	44m 30s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.021%Rate

Funding earned: $187.85
Price spread: −0.021% → 0.000%: −$2.09
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Reya: 3 bp × 2 orders: −$6
Net: $170.76
Costs to cover: 0.150%
Break-even: 0.6 days

Slippage unknown: Hyperliquid: live order book, 9 min ago; Reya: 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, 9 min ago	0.11 bp	10.2 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	−0.0360%	1h	0.4435	−0.060%	$2.7M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4434	−0.066%	$251K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0007%	1h	0.4434	−0.073%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+2.948%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4433	−0.095%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4440	+0.074%	$403K	$820K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4432	−0.123%	$682K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4438	+0.020%	$65.3M	$228.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4440	+0.063%	$71.3M	$122.9M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4440	+0.063%	$17.1M	$76.3M	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	0.4450	+0.297%	$73K	$90K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4434	−0.070%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4431	−0.140%	$11.6M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4435	−0.050%	$44.5M	$42.2M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4433	−0.095%	$13.4M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4436	−0.027%	$25.1M	$40.0M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4435	−0.050%	—	$22.3M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4437	−0.011%	$199K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4446	+0.194%	$791K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4458	+0.470%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4470	+0.740%	$421K	$952K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4459	+0.491%	$165K	$356K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4437	+0.007%	$77K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4434	−0.072%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4435	−0.050%	$461	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4447	+0.221%	$130K	$500K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4433	−0.094%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4436	−0.019%	$400K	$816K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4437	−0.005%	$38K	$13K	3x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0185% / S +0.0187%	1h	0.4434	−0.066%	$511K	—	100x	as long as short
Hyperliquid ONDOlong	+0.0252%	1h	0.4437	long leg	$39.2M	$25.5M	10x
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4469	+0.717%	$290K	$800K	50x	as long as short
01 Exchange ONDOUSD	+0.0336%	1h	0.4438	+0.016%	$365	$2K	10x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4452	+0.334%	$36K	$231K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4471	+0.762%	$3.2M	$3.0M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0427%	1h	0.4436	−0.027%	$32K	$339K	25x	as long as short
Lighter ONDO	+0.0672%	1h	0.4440	+0.068%	$1.4M	$2.1M	10x	as long as short
Phemex ONDOUSDT	+0.0700%	4h	0.4437	−0.005%	$4.2M	$7.3M	50x	as long as short
Reya ONDORUSDPERPshort	+0.1147%	1h	0.4436	−0.021%	$2K	—	20x