data as of
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Funding arb /

ONDO

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Funding spread now, next payment 18:00 UTC+0.8713%/8h
next payment, per $10,000+$10.89paid, last 24h+1.157%paid, last 7 days+1.700%to open and close $10k−$214
Long on Kraken FuturesShort on dYdX
The current rate is far above what this pair has been paying: over the last 7 days it paid 1.700% in total (about 88.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$10.89 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_ONDOUSD0.44480.0445pay 0.0056% / 1h42m 39s$3.6M$4.9M50x
ShortdYdX ONDO-USD0.44390.9158get 0.1145% / 1h42m 39s$251K$116K5x

Funding history

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Funding on every exchange

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Profit calculator

Funding earned
$1,829.71
Slippage, 4 orders
−$193.7
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee dYdX: 5 bp × 2 orders
−$10
Net
$1,616.01
Break-even
0.8 days
Slippage from Kraken Futures: live order book, 3 min ago; dYdX: live order book, 63 min ago.

Price risk

price view
Price gap now
−0.195%
Avg gap 7d
−0.087%
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, 3 min ago7.86 bp12.9 bp −$1334.5 bp −$345doesn't fitdoesn't fit
Sell dYdX live order book, 63 min ago72.48 bp106.2 bp −$106292.0 bp −$2,920420.9 bp −$42.1K1401.6 bp −$700.8K

ONDO on 38 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective ONDO/USDC PERP−0.0508%1h$1K$49K5.5xas long as short
Variational Omni ONDO−0.0033%4h$776K$2.1M—as long as short
Deribit ONDO_USDC-PERPETUAL0.0000%1h$20K$339K25xas long as short
gTrade (Gains Network) ONDO/USDL +0.0003% / S −0.0007%1h$7K—150xas long as short
Gate ONDO_USDT+0.0062%4h$11.7M$18.6M50xas long as short
Orderly PERP_ONDO_USDC+0.0095%4h$24K$8K10xas long as short
Paradex ONDO-USD-PERP+0.0100%8h$6K$910xas long as short
Nado ONDO-PERP+0.0100%1h$460K$630K10xas long as short
Hyperliquid ONDO+0.0100%1h$40.3M$26.5M10xas long as short
Aster ONDOUSDT+0.0100%4h$743K$1.9M20xas long as short
Show all 38 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Binance ONDOUSDT+0.0100%4h$66.4M$225.2M75xas long as short
Bybit ONDOUSDT+0.0100%4h$69.9M$116.0M50xas long as short
OKX ONDO-USDT-SWAP+0.0100%4h$17.6M$81.4M50xas long as short
Ondo Perps ONDO-USD.P+0.0100%1h$74K$87K10xas long as short
RISEx ONDO/USDC+0.0100%1h——5xas long as short
MEXC ONDO_USDT+0.0100%4h$47.2M$45.4M200xas long as short
KuCoin ONDOUSDTM+0.0100%4h$13.5M$9.8M50xas long as short
Bitget ONDOUSDT+0.0100%4h$25.1M$43.7M50xas long as short
BingX ONDO-USDT+0.0100%4h—$23.1M—as long as short
Backpack ONDO_USDC_PERP+0.0100%1h$233K$863K15xas long as short
edgeX ONDOUSDC+0.0100%4h$5K$321K20xas long as short
ApeX Omni ONDOUSDT+0.0100%1h$180K$369K50xas long as short
Polymarket Perps ONDO-USD+0.0100%1h$85K$1.0M10xas long as short
SunX ONDO-USDT+0.0100%4h—$1.4M20xas long as short
SoDEX ONDO-USD+0.0100%1h$462$14K10xas long as short
HTX ONDO-USDT+0.0100%4h$111K$536K50xas long as short
Phemex ONDOUSDT+0.0100%4h$4.9M$5.5M50xas long as short
Extended ONDO-USD+0.0104%1h$374K$1.1M25xas long as short
Aevo ONDO-PERP+0.0104%1h$35K—3xas long as short
Phoenix ONDO+0.0143%1h$28K$263K10xas long as short
01 Exchange ONDOUSD+0.0240%1h$366$1K10xas long as short
BloFin ONDO-USDT+0.0340%4h$3.3M$3.3M75xas long as short
Lighter ONDO+0.0368%1h$1.2M$1.8M10xas long as short
Kraken Futures PF_ONDOUSDlong+0.0445%1h$3.6M$4.9M50x
Coinbase International ONDO-PERP-INTX+0.0560%1h$347K$835K50xas long as short
GMX ONDO/USD [ETH-USDC]L +0.0605% / S −0.0210%1h$533K—100xas long as short
Reya ONDORUSDPERP+0.1129%1h$2K—20xas long as short
dYdX ONDO-USDshort+0.9158%1h$251K$116K5x