ONDO

Alert

Funding spread now, next payment 16:00 UTC−0.0835%/8h

next payment, per $10,000−$1.04paid, last 24h−0.168%paid, last 5 days−0.326%to open and close $10k−$64

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.326% in total (about -25.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.04 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ONDOUSD	0.4409	0.0835	pay 0.0104% / 1h	36m 06s	$3.5M	$4.9M	50x
Short	Deribit ONDO_USDC-PERPETUAL	0.4403	0	get 0.0000% / 1h	36m 06s	$35K	$238K	25x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee DeribitbpOrdersRate

Funding earned: −$175.41
Slippage, 4 orders: −$47.23
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$239.64
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; Deribit: live order book, 44 min ago.

Price risk

price view

Price gap now: −0.141%
Avg gap 7d: −0.057%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures live order book, 4 min ago	9.05 bp	14.7 bp −$15	28.7 bp −$287	doesn't fit	doesn't fit
Sell Deribit live order book, 44 min ago	8.93 bp	16.9 bp −$17	doesn't fit	doesn't fit	doesn't fit

ONDO on 38 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate ONDO_USDT	−0.0018%	4h	$11.6M	$19.9M	50x	as long as short
Deribit ONDO_USDC-PERPETUALshort	0.0000%	1h	$35K	$238K	25x
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0007%	1h	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0015%	1h	$995	$134K	5.5x	as long as short
Phoenix ONDO	+0.0036%	1h	$27K	$224K	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0093%	4h	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	$429K	$565K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	$708K	$1.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	$66.3M	$225.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	$69.3M	$118.1M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	$18.0M	$81.5M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	$73K	$93K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	—	—	5x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	$46.2M	$45.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	$13.7M	$10.4M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	$24.8M	$44.0M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	—	$764K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	$276K	$790K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	$923K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	$5K	$317K	20x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	$180K	$358K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	$78K	$979K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	$458	$9K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	$128K	$569K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	$4.9M	$5.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	$6K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	$372K	$1.1M	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	$35K	—	3x	as long as short
Hyperliquid ONDO	+0.0279%	1h	$40.8M	$28.4M	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	$3.4M	$3.3M	75x	as long as short
01 Exchange ONDOUSD	+0.0360%	1h	$362	$1K	10x	as long as short
Lighter ONDO	+0.0432%	1h	$1.2M	$2.0M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0448%	1h	$341K	$812K	50x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0563% / S −0.0190%	1h	$501K	—	100x	as long as short
Kraken Futures PF_ONDOUSDlong	+0.0835%	1h	$3.5M	$4.9M	50x
Reya ONDORUSDPERP	+0.1125%	1h	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.8529%	1h	$244K	$101K	5x	as long as short