ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.350%

Price spread now: ApeX Omni against Injective−4.532%7-day average +0.785% · you buy dearer than you sell

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

Long on Injective Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+3.426%+$343 on $10k

Price spread, last 4 days (all we have)+5.225%+$523 · spread now −4.532%, 7d avg +0.785%

Together, before fees+8.651%+$865 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 5.317% cheaper against Injective than usual: you would sell low and buy high (spread −4.532% now, against its 7-day average of +0.785%). If the spread goes back, that is −$532 on $10k: about 9 months of funding at the current rate (+$2 a day). At the pace of the last 7 days (+3.426% in total) that is about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ONDO/USDC PERP	0.4568	0.0033	pay 0.0004% / 1h	1m 26s	$888	$216K	5.5x
Short	ApeX Omni ONDOUSDT	0.4361	0.0100	get 0.0013% / 1h	1m 26s	$133K	$356K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee ApeX OmnibpOrdersPrice spread, now −4.532%Rate

Funding earned: $14
Price spread: −4.532% → +0.785%: −$531.7
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$527.72
Costs to cover: 0.100%
Break-even: 270.9 days

Slippage unknown: Injective: no order-book sample; ApeX Omni: live order book, 46 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 46 min ago	1.15 bp	7.6 bp −$8	22.1 bp −$221	doesn't fit	doesn't fit

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	−0.0240%	1h	0.4352	−4.739%	$2.6M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4348	−4.824%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0008%	1h	0.4349	−4.791%	$244K	$137K	5x	as long as short
Injective ONDO/USDC PERPlong	+0.0033%	1h	0.4568	long leg	$888	$216K	5.5x
Lighter ONDO	+0.0096%	1h	0.4355	−4.674%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4351	−4.750%	$347K	$895K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4355	−4.669%	$36.8M	$27.1M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4353	−4.703%	$777K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4351	−4.752%	$63.2M	$238.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4348	−4.816%	$67.9M	$126.4M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4350	−4.772%	$17.3M	$74.1M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4351	−4.746%	$71K	$83K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4349	−4.805%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4349	−4.794%	$12.3M	$16.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4349	−4.794%	$43.3M	$42.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4349	−4.794%	$12.0M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4350	−4.772%	$25.0M	$39.8M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4350	−4.772%	—	$23.7M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4354	−4.689%	$181K	$992K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4365	−4.450%	$647K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4356	−4.651%	$4K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4356	−4.631%	$408K	$1.4M	10x	as long as short
ApeX Omni ONDOUSDTshort	+0.0100%	1h	0.4361	−4.532%	$133K	$356K	50x
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4351	−4.750%	$61K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4350	−4.772%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4353	−4.707%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4352	−4.729%	$452	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4362	−4.510%	$129K	$429K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4352	−4.729%	$4.2M	$8.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4349	−4.804%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4348	−4.818%	$393K	$795K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4354	−4.696%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0168%	1h	0.4352	−4.731%	$358	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4366	−4.422%	$217K	$756K	50x	as long as short
Phoenix ONDO	+0.0332%	1h	0.4361	−4.525%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4360	−4.553%	$3.2M	$3.2M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0440%	1h	0.4352	−4.729%	$18K	$362K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0571% / S −0.0202%	1h	0.4348	−4.825%	$495K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1157%	1h	0.4350	−4.773%	$2K	—	20x	as long as short