ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0321%/8h= +35.2% APRnext payment +$0.40 per $10,000 · paid last 24h +0.093%

Price spread now: Hyperliquid against Ondo Perps+0.739%7-day average — · you sell dearer than you buy

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

Long on Ondo Perps Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.287%+$29 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · Hyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Hyperliquid is 0.739% dearer against Ondo Perps than usual: you sell high and buy low: +$74 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ONDO-USD.P	0.4588	0.0100	pay 0.0013% / 1h	19m 54s	$75K	$88K	10x
Short	Hyperliquid ONDO	0.4622	0.0421	get 0.0053% / 1h	19m 54s	$41.4M	$26.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 Ondo PerpsbpFee HyperliquidbpOrdersPrice spread, now +0.739%Rate

Funding earned: $67.46
Price spread: +0.739% → 0.000%: $73.89
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $127.35
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; Hyperliquid: live order book, 3 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 3 min ago	0.11 bp	5.6 bp −$6	doesn't fit	doesn't fit	doesn't fit

Ondo Perps: 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_ONDOUSD	−0.0348%	1h	0.4613	+0.548%	$2.8M	$7.8M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4614	+0.573%	$43K	$421K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4615	+0.598%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4614	+0.573%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4616	+0.622%	$436K	$703K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4615	+0.593%	$737K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4612	+0.520%	$68.3M	$226.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4611	+0.508%	$75.8M	$121.6M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4609	+0.464%	$18.0M	$82.3M	50x	as long as short
Ondo Perps ONDO-USD.Plong	+0.0100%	1h	0.4588	long leg	$75K	$88K	10x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4616	+0.609%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4610	+0.486%	$12.1M	$18.5M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4611	+0.508%	$49.7M	$44.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4614	+0.573%	$14.0M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4614	+0.573%	$26.2M	$41.9M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4610	+0.486%	—	$22.6M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4604	+0.354%	$787K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4578	−0.217%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4578	−0.217%	$429K	$938K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4578	−0.211%	$164K	$330K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4618	+0.658%	$72K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4616	+0.617%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4617	+0.639%	$480	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4639	+1.118%	$135K	$511K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4613	+0.551%	$4.8M	$6.5M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4613	+0.545%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4612	+0.532%	$411K	$857K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4617	+0.639%	$45K	$8K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0123%	1h	0.4619	+0.678%	$236K	$1.0M	15x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4608	+0.453%	$29K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4568	−0.429%	$888	$216K	5.5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4606	+0.399%	$301K	$875K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4602	+0.312%	$3.3M	$3.2M	75x	as long as short
01 Exchange ONDOUSD	+0.0416%	1h	0.4621	+0.730%	$380	$2K	10x	as long as short
Hyperliquid ONDOshort	+0.0421%	1h	0.4622	+0.739%	$41.4M	$26.4M	10x
GMX ONDO/USD [ETH-USDC]	L +0.0590% / S −0.0187%	1h	0.4616	+0.613%	$550K	—	100x	as long as short
Lighter ONDO	+0.0704%	1h	0.4626	+0.828%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1141%	1h	0.4617	+0.630%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3923%	1h	0.4607	+0.429%	$261K	$129K	5x	as long as short