ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0273%/8h= +29.9% APRnext payment +$0.34 per $10,000 · paid last 24h −0.399%

Price spread now: Injective against Kraken Futures+4.842%7-day average −0.840% · you sell dearer than you buy

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

Long on Kraken Futures Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−3.691%−$369 on $10k

Price spread, last 4 days (all we have)−5.605%−$561 · spread now +4.842%, 7d avg −0.840%

Together, before fees−9.297%−$930 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Injective is 5.682% dearer against Kraken Futures than usual: you sell high and buy low: +$568 more if the spread goes back to its 7-day average of −0.840%. Mind the row above: over the last 7 days funding on this pair cost −3.691%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ONDOUSD	0.4357	−0.0239	get 0.0030% / 1h	4m 30s	$2.6M	$7.8M	50x
Short	Injective ONDO/USDC PERP	0.4568	0.0033	get 0.0004% / 1h	4m 30s	$888	$216K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Kraken Futures. 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 Kraken FuturesbpFee InjectivebpOrdersPrice spread, now +4.842%Rate

Funding earned: $57.28
Price spread: +4.842% → −0.840%: $568.19
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $615.45
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Kraken Futures: live order book, 4 min ago; Injective: no order-book sample. 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 Kraken Futures live order book, 4 min ago	5.73 bp	18.8 bp −$19	23.3 bp −$233	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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_ONDOUSDlong	−0.0239%	1h	0.4357	long leg	$2.6M	$7.8M	50x
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4359	+0.041%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0009%	1h	0.4357	−0.010%	$245K	$137K	5x	as long as short
Injective ONDO/USDC PERPshort	+0.0033%	1h	0.4568	+4.842%	$888	$216K	5.5x
Lighter ONDO	+0.0096%	1h	0.4361	+0.103%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4358	+0.022%	$348K	$895K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4362	+0.107%	$36.8M	$27.1M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4362	+0.105%	$778K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4360	+0.061%	$63.4M	$238.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4357	−0.001%	$68.0M	$126.5M	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	0.4358	+0.022%	$17.3M	$74.2M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4357	−0.008%	$71K	$83K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4357	+0.011%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4358	+0.022%	$12.3M	$16.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4358	+0.022%	$43.4M	$42.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4357	−0.001%	$12.1M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4359	+0.045%	$25.0M	$39.9M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4358	+0.022%	—	$23.7M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4360	+0.068%	$181K	$992K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4365	+0.177%	$647K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4364	+0.153%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4362	+0.114%	$407K	$1.3M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4361	+0.091%	$133K	$356K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4363	+0.146%	$61K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4358	+0.022%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4360	+0.068%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4360	+0.068%	$453	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4366	+0.206%	$130K	$429K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4358	+0.022%	$4.2M	$8.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4357	−0.001%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4357	0.000%	$393K	$795K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4362	+0.124%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0160%	1h	0.4360	+0.077%	$359	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4366	+0.206%	$217K	$756K	50x	as long as short
Phoenix ONDO	+0.0332%	1h	0.4371	+0.318%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4361	+0.091%	$3.2M	$3.2M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0439%	1h	0.4359	+0.045%	$18K	$362K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0572% / S −0.0202%	1h	0.4360	+0.059%	$497K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1157%	1h	0.4361	+0.096%	$2K	—	20x	as long as short