ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0071%/8h= +7.7% APRnext payment +$0.09 per $10,000 · paid last 24h +0.576%

Price spread now: Extended against Injective−3.209%7-day average +0.880% · you buy dearer than you sell

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

Long on Injective Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+3.435%+$343 on $10k

Price spread, last 3 days (all we have)+3.998%+$400 · spread now −3.209%, 7d avg +0.880%

Together, before fees+7.432%+ Points / potential airdropExtended: Active · farm board+$743 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 4.089% cheaper against Injective than usual: you would sell low and buy high (spread −3.209% now, against its 7-day average of +0.880%). If the spread goes back, that is −$409 on $10k: about 6 months of funding at the current rate (+$2 a day). At the pace of the last 7 days (+3.435% in total) that is about 8.3 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	42m 34s	$888	$216K	5.5x
Short	Extended ONDO-USD	0.4421	0.0104	get 0.0013% / 1h	42m 34s	$400K	$816K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −3.209%Rate

Funding earned: $14.84
Price spread: −3.209% → +0.880%: −$408.89
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$399.07
Costs to cover: 0.050%
Break-even: 195.2 days

Slippage unknown: Injective: no order-book sample; Extended: live order book, 25 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 Extended live order book, 25 min ago	4.35 bp	6.8 bp −$7	14.3 bp −$143	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	−0.0361%	1h	0.4429	−3.047%	$2.6M	$8.1M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4421	−3.212%	$250K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0007%	1h	0.4430	−3.023%	$7K	—	150x	as long as short
Injective ONDO/USDC PERPlong	+0.0033%	1h	0.4568	long leg	$888	$216K	5.5x
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4427	−3.087%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4419	−3.262%	$399K	$829K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4423	−3.172%	$681K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4423	−3.182%	$65.0M	$229.3M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4419	−3.262%	$71.0M	$123.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4421	−3.218%	$17.0M	$76.2M	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	0.4450	−2.574%	$73K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4421	−3.227%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4420	−3.240%	$11.6M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4424	−3.152%	$44.2M	$42.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4423	−3.174%	$13.4M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4422	−3.196%	$25.0M	$40.1M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4422	−3.196%	—	$22.3M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4424	−3.144%	$198K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4446	−2.675%	$791K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4458	−2.407%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4437	−2.867%	$409K	$962K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4459	−2.386%	$165K	$356K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4435	−2.918%	$77K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4433	−2.955%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4431	−2.999%	$461	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4441	−2.780%	$130K	$500K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4424	−3.158%	$6K	—	10x	as long as short
Extended ONDO-USDshort	+0.0104%	1h	0.4421	−3.209%	$400K	$816K	25x
Aevo ONDO-PERP	+0.0104%	1h	0.4431	−2.998%	$38K	$13K	3x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0185% / S +0.0187%	1h	0.4430	−3.015%	$511K	—	100x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0202%	1h	0.4429	−3.043%	$23K	$349K	25x	as long as short
Hyperliquid ONDO	+0.0262%	1h	0.4428	−3.063%	$39.1M	$25.5M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4453	−2.518%	$289K	$797K	50x	as long as short
01 Exchange ONDOUSD	+0.0336%	1h	0.4425	−3.122%	$364	$2K	10x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4452	−2.539%	$36K	$231K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4471	−2.123%	$3.2M	$3.0M	75x	as long as short
Phemex ONDOUSDT	+0.0664%	4h	0.4431	−2.999%	$4.2M	$7.3M	50x	as long as short
Lighter ONDO	+0.0728%	1h	0.4429	−3.049%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1147%	1h	0.4433	−2.949%	$2K	—	20x	as long as short