data as of
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Funding arb /

ONDO

all ONDO markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 15:00 UTC−0.0807%/8h
next payment, per $10,000−$1.01paid, last 24h−0.167%paid, last 7 days−0.281%to open and close $10k−$56
Long on Kraken FuturesShort on Backpack
The current rate is far above what this pair has been paying: over the last 7 days it paid -0.281% in total (about -14.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.01 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
LongKraken Futures PF_ONDOUSD0.44760.0907pay 0.0113% / 1h43m 08s$3.5M$4.9M50x
ShortBackpack ONDO_USDC_PERP0.44730.0100get 0.0013% / 1h43m 08s$295K$648K15x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$169.53
Slippage, 4 orders
−$35.52
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$225.04
Break-even
never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; Backpack: live order book, 12 min ago.

Price risk

price view
Price gap now
−0.071%
Avg gap 7d
−0.060%
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 Kraken Futures live order book, 2 min ago8.94 bp15.7 bp −$1628.6 bp −$286doesn't fitdoesn't fit
Sell Backpack live order book, 12 min ago1.78 bp11.0 bp −$11doesn't fitdoesn't fitdoesn't fit

ONDO on 37 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate ONDO_USDT−0.0072%4h$11.7M$19.2M50xas long as short
Deribit ONDO_USDC-PERPETUAL0.0000%1h$36K$237K25xas long as short
gTrade (Gains Network) ONDO/USDL +0.0003% / S −0.0007%1h$7K—150xas long as short
Phoenix ONDO+0.0035%1h$27K$206K10xas long as short
Orderly PERP_ONDO_USDC+0.0093%4h$25K$6K10xas long as short
Nado ONDO-PERP+0.0100%1h$450K$516K10xas long as short
Aster ONDOUSDT+0.0100%4h$690K$1.5M20xas long as short
Binance ONDOUSDT+0.0100%4h$66.7M$215.5M75xas long as short
Bybit ONDOUSDT+0.0100%4h$68.6M$111.7M50xas long as short
OKX ONDO-USDT-SWAP+0.0100%4h$18.1M$79.0M50xas long as short
Show all 37 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Ondo Perps ONDO-USD.P+0.0100%1h$74K$100K10xas long as short
RISEx ONDO/USDC+0.0100%1h——5xas long as short
MEXC ONDO_USDT+0.0100%4h$49.0M$44.1M200xas long as short
KuCoin ONDOUSDTM+0.0100%4h$14.0M$10.2M50xas long as short
Bitget ONDOUSDT+0.0100%4h$25.0M$42.6M50xas long as short
BingX ONDO-USDC+0.0100%4h—$764K—as long as short
Backpack ONDO_USDC_PERPshort+0.0100%1h$295K$648K15x
Variational Omni ONDO+0.0100%4h$853K$1.9M—as long as short
edgeX ONDOUSDC+0.0100%4h$4K$317K20xas long as short
ApeX Omni ONDOUSDT+0.0100%1h$181K$339K50xas long as short
Polymarket Perps ONDO-USD+0.0100%1h$87K$958K10xas long as short
SunX ONDO-USDT+0.0100%4h—$1.3M20xas long as short
SoDEX ONDO-USD+0.0100%1h$2K$8K10xas long as short
HTX ONDO-USDT+0.0100%4h$128K$617K50xas long as short
Phemex ONDOUSDT+0.0100%4h$4.9M$4.6M50xas long as short
Paradex ONDO-USD-PERP+0.0100%8h$6K$910xas long as short
Extended ONDO-USD+0.0104%1h$414K$1.1M25xas long as short
Aevo ONDO-PERP+0.0104%1h$35K—3xas long as short
BloFin ONDO-USDT+0.0340%4h$3.3M$3.4M75xas long as short
Hyperliquid ONDO+0.0388%1h$41.9M$27.1M10xas long as short
Coinbase International ONDO-PERP-INTX+0.0488%1h$351K$805K50xas long as short
Lighter ONDO+0.0512%1h$1.2M$1.9M10xas long as short
GMX ONDO/USD [ETH-USDC]L +0.0563% / S −0.0186%1h$504K—100xas long as short
Injective ONDO/USDC PERP+0.0824%1h$1K$88K5.5xas long as short
Kraken Futures PF_ONDOUSDlong+0.0907%1h$3.5M$4.9M50x
Reya ONDORUSDPERP+0.1123%1h$2K—20xas long as short
dYdX ONDO-USD+0.4281%1h$159K$11K5xas long as short