Funding you earn now, next payment 23:00 UTC−0.0460%/8h= −50.4% APRnext payment −$0.58 per $10,000 · paid last 24h −0.153%
Price spread now: Polymarket Perps against Lighter+0.007%7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$280.277% of the position
Funding, last 7 days−0.180%−$18 on $10k
+Price spread, last 3 days (all we have)+0.227%+$23 · spread now +0.007%, 7d avg −0.033%
=Together, before fees+0.047%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Polymarket Perps is 0.040% dearer against Lighter than usual: you sell high and buy low (spread +0.007% now, against its 7-day average of −0.033%): +$4 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.180% in total) that is about 37 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.180% in total (about -9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.58 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 | Lighter ONDO | 0.4537 | 0.0560 | pay 0.0070% / 1h | 46m 57s | $1.4M | $2.1M | 10x |
| Short | Polymarket Perps ONDO-USD | 0.4538 | 0.0100 | get 0.0013% / 1h | 46m 57s | $81K | $1.1M | 10x |
Lighter ONDO
Polymarket Perps ONDO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$96.6
- Price spread: +0.007% → −0.033%
- $4.01
- Slippage, 4 orders
- −$19.66
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$120.25
- Costs to cover
- 0.277%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; Polymarket Perps: live order book, 1 min ago.
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 Lighter live order book, 5 min ago | 3.10 bp | 10.2 bp −$10 | 26.4 bp −$264 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 1 min ago | 3.09 bp | 7.1 bp −$7 | 8.4 bp −$84 | doesn't fit | doesn't fit |
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 | −0.0355% | 1h | 0.4526 | −0.255% | $2.8M | $8.0M | 50x | as long as short |
| gTrade (Gains Network) ONDO/USD | L +0.0003% / S −0.0008% | 1h | 0.4527 | −0.220% | $6K | — | 150x | as long as short |
| Orderly PERP_ONDO_USDC | +0.0098% | 4h | 0.4529 | −0.185% | $25K | $8K | 10x | as long as short |
| Nado ONDO-PERP | +0.0100% | 1h | 0.4537 | −0.003% | $426K | $681K | 10x | as long as short |
| Aster ONDOUSDT | +0.0100% | 4h | 0.4531 | −0.134% | $760K | $2.0M | 20x | as long as short |
| Binance ONDOUSDT | +0.0100% | 4h | 0.4532 | −0.119% | $66.7M | $219.7M | 75x | as long as short |
| Bybit ONDOUSDT | +0.0100% | 4h | 0.4530 | −0.163% | $73.4M | $117.9M | 50x | as long as short |
| OKX ONDO-USDT-SWAP | +0.0100% | 4h | 0.4531 | −0.141% | $17.7M | $79.9M | 50x | as long as short |
| Ondo Perps ONDO-USD.P | +0.0100% | 1h | 0.4507 | −0.672% | $73K | $85K | 10x | as long as short |
| RISEx ONDO/USDC | +0.0100% | 1h | 0.4536 | −0.023% | — | — | 5x | as long as short |
Kraken Futures PF_ONDOUSD
gTrade (Gains Network) ONDO/USD
Orderly PERP_ONDO_USDC
Nado ONDO-PERP
Aster ONDOUSDT
Binance ONDOUSDT
Bybit ONDOUSDT
OKX ONDO-USDT-SWAP
Ondo Perps ONDO-USD.P
RISEx ONDO/USDCShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ONDO_USDT | +0.0100% | 4h | 0.4528 | −0.207% | $11.8M | $18.0M | 50x | as long as short |
| MEXC ONDO_USDT | +0.0100% | 4h | 0.4533 | −0.097% | $47.8M | $44.0M | 200x | as long as short |
| KuCoin ONDOUSDTM | +0.0100% | 4h | 0.4531 | −0.141% | $13.5M | $10.8M | 50x | as long as short |
| Bitget ONDOUSDT | +0.0100% | 4h | 0.4532 | −0.119% | $25.6M | $41.2M | 50x | as long as short |
| BingX ONDO-USDC | +0.0100% | 4h | 0.4529 | −0.185% | — | $744K | — | as long as short |
| Backpack ONDO_USDC_PERP | +0.0100% | 1h | 0.4530 | −0.165% | $195K | $972K | 15x | as long as short |
| Variational Omni ONDO | +0.0100% | 4h | 0.4513 | −0.535% | $795K | $2.0M | — | as long as short |
| edgeX ONDOUSDC | +0.0100% | 4h | 0.4515 | −0.498% | $5K | $319K | 20x | as long as short |
| GRVT ONDO_USDT_Perp | +0.0100% | 4h | 0.4515 | −0.495% | $426K | $928K | 10x | as long as short |
| Polymarket Perps ONDO-USDshort | +0.0100% | 1h | 0.4538 | +0.007% | $81K | $1.1M | 10x | |
| SunX ONDO-USDT | +0.0100% | 4h | 0.4534 | −0.075% | — | $1.4M | 20x | as long as short |
| SoDEX ONDO-USD | +0.0100% | 1h | 0.4529 | −0.185% | $471 | $14K | 10x | as long as short |
| HTX ONDO-USDT | +0.0100% | 4h | 0.4546 | +0.190% | $130K | $509K | 50x | as long as short |
| Phemex ONDOUSDT | +0.0100% | 4h | 0.4529 | −0.185% | $4.7M | $6.4M | 50x | as long as short |
| Paradex ONDO-USD-PERP | +0.0100% | 8h | 0.4539 | +0.026% | $7K | $9 | 10x | as long as short |
| Extended ONDO-USD | +0.0104% | 1h | 0.4533 | −0.101% | $402K | $856K | 25x | as long as short |
| Aevo ONDO-PERP | +0.0104% | 1h | 0.4533 | −0.097% | $44K | $8K | 3x | as long as short |
| Phoenix ONDO | +0.0142% | 1h | 0.4521 | −0.361% | $29K | $219K | 10x | as long as short |
| Injective ONDO/USDC PERP | +0.0151% | 1h | 0.4503 | −0.758% | $1K | $181K | 5.5x | as long as short |
| Deribit ONDO_USDC-PERPETUAL | +0.0192% | 1h | 0.4530 | −0.163% | $19K | $364K | 25x | as long as short |
| ApeX Omni ONDOUSDT | +0.0236% | 1h | 0.4509 | −0.626% | $159K | $333K | 50x | as long as short |
| Coinbase International ONDO-PERP-INTX | +0.0280% | 1h | 0.4533 | −0.097% | $299K | $845K | 50x | as long as short |
| BloFin ONDO-USDT | +0.0340% | 4h | 0.4529 | −0.185% | $3.2M | $3.1M | 75x | as long as short |
| 01 Exchange ONDOUSD | +0.0384% | 1h | 0.4542 | +0.104% | $374 | $2K | 10x | as long as short |
| Hyperliquid ONDO | +0.0527% | 1h | 0.4534 | −0.068% | $40.5M | $27.3M | 10x | as long as short |
| Lighter ONDOlong | +0.0560% | 1h | 0.4537 | long leg | $1.4M | $2.1M | 10x | |
| GMX ONDO/USD [ETH-USDC] | L +0.0591% / S −0.0191% | 1h | 0.4527 | −0.231% | $545K | — | 100x | as long as short |
| Reya ONDORUSDPERP | +0.1140% | 1h | 0.4534 | −0.072% | $2K | — | 20x | as long as short |
| dYdX ONDO-USD | +0.1322% | 1h | 0.4536 | −0.041% | $257K | $130K | 5x | as long as short |
Gate ONDO_USDT
MEXC ONDO_USDT
KuCoin ONDOUSDTM
Bitget ONDOUSDT
BingX ONDO-USDC
Backpack ONDO_USDC_PERP
Variational Omni ONDO
edgeX ONDOUSDC
GRVT ONDO_USDT_Perp
SunX ONDO-USDT
SoDEX ONDO-USD
HTX ONDO-USDT
Phemex ONDOUSDT
Paradex ONDO-USD-PERP
Extended ONDO-USD
Aevo ONDO-PERP
Phoenix ONDO
Injective ONDO/USDC PERP
Deribit ONDO_USDC-PERPETUAL
ApeX Omni ONDOUSDT
Coinbase International ONDO-PERP-INTX
BloFin ONDO-USDT
01 Exchange ONDOUSD
Hyperliquid ONDO
GMX ONDO/USD [ETH-USDC]
Reya ONDORUSDPERP
dYdX ONDO-USD