ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.1127%/8h= +123.4% APRnext payment +$1.41 per $10,000 · paid last 24h +1.638%

Price spread now: dYdX against Polymarket Perps−0.197%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs+$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$183as in the Price arb table

costs, in and out, $10k−$1721.715% of the position

Long on Polymarket Perps Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+2.626%+$263 on $10k

Price spread, last 3 days (all we have)−0.077%−$8 · spread now −0.197%, 7d avg −0.083%

Together, before fees+2.549%+$255 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.114% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.197% now, against its 7-day average of −0.083%). If the spread goes back, that is −$11 on $10k: about 8 hours of funding at the current rate (+$34 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ONDO-USD	0.4553	0.0100	pay 0.0013% / 1h	45m 27s	$81K	$1.1M	10x
Short	dYdX ONDO-USD	0.4545	0.1227	get 0.0153% / 1h	45m 27s	$257K	$130K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Polymarket 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 Polymarket PerpsbpFee dYdXbpOrdersPrice spread, now −0.197%Rate

Funding earned: $236.67
Price spread: −0.197% → −0.083%: −$11.37
Slippage, 4 orders: −$153.54
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: $53.75
Costs to cover: 1.715%
Break-even: 5.4 days

Slippage from Polymarket Perps: live order book, 3 min ago; dYdX: live order book, 39 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 Polymarket Perps live order book, 3 min ago	3.09 bp	7.1 bp −$7	7.3 bp −$73	doesn't fit	doesn't fit
Sell dYdX live order book, 39 min ago	27.19 bp	125.2 bp −$125	325.0 bp −$3,250	473.7 bp −$47.4K	1197.7 bp −$598.8K

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	−0.0354%	1h	0.4545	−0.185%	$2.8M	$8.0M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4550	−0.067%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4552	−0.033%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4552	−0.038%	$427K	$680K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4553	−0.004%	$763K	$2.0M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4552	−0.027%	$67.0M	$219.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4551	−0.055%	$73.8M	$117.9M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4554	+0.011%	$17.7M	$80.3M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4543	−0.220%	$73K	$85K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4550	−0.074%	—	—	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ONDO_USDT	+0.0100%	4h	0.4553	−0.011%	$11.9M	$18.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4553	−0.011%	$48.0M	$44.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4550	−0.077%	$13.5M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4554	+0.011%	$25.7M	$41.2M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4552	−0.033%	—	$22.5M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4547	−0.134%	$196K	$971K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4533	−0.449%	$797K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4533	−0.447%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4530	−0.514%	$419K	$941K	10x	as long as short
Polymarket Perps ONDO-USDlong	+0.0100%	1h	0.4553	long leg	$81K	$1.1M	10x
SunX ONDO-USDT	+0.0100%	4h	0.4555	+0.033%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4548	−0.121%	$473	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4547	−0.143%	$130K	$509K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4544	−0.209%	$4.7M	$6.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4551	−0.058%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4550	−0.079%	$403K	$857K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4556	+0.063%	$44K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4521	−0.714%	$29K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4503	−1.109%	$1K	$181K	5.5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4550	−0.077%	$301K	$853K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4529	−0.538%	$3.2M	$3.1M	75x	as long as short
ApeX Omni ONDOUSDT	+0.0343%	1h	0.4538	−0.340%	$160K	$333K	50x	as long as short
01 Exchange ONDOUSD	+0.0400%	1h	0.4555	+0.035%	$375	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0409%	1h	0.4556	+0.055%	$19K	$364K	25x	as long as short
Hyperliquid ONDO	+0.0520%	1h	0.4555	+0.035%	$40.7M	$27.3M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0592% / S −0.0191%	1h	0.4552	−0.039%	$548K	—	100x	as long as short
Lighter ONDO	+0.0608%	1h	0.4555	+0.037%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1140%	1h	0.4554	+0.013%	$2K	—	20x	as long as short
dYdX ONDO-USDshort	+0.1227%	1h	0.4545	−0.197%	$257K	$130K	5x