ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.1056%/8h= −115.6% APRnext payment −$1.32 per $10,000 · paid last 24h −0.307%

Price spread now: Backpack against Reya+0.052%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Backpack is 0.052% dearer against Reya than usual: you sell high and buy low (spread +0.052% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$32 a day in funding at the current rate, which eats that in about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ONDORUSDPERP	0.4303	0.1156	pay 0.0144% / 1h	29m 38s	$2K	—	20x
Short	Backpack ONDO_USDC_PERP	0.4305	0.0100	get 0.0013% / 1h	29m 38s	$176K	$989K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Reya. 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 ReyabpFee BackpackbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$221.73
Price spread: +0.052% → 0.000%: $5.16
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$232.57
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Backpack: live order book, 24 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 Reya no order-book sample	—	—	—	—	—
Sell Backpack live order book, 24 min ago	1.27 bp	7.2 bp −$7	doesn't fit	doesn't fit	doesn't fit

Reya: 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	−0.0242%	1h	0.4302	−0.019%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4301	−0.062%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0016%	1h	0.4300	−0.070%	$241K	$137K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+6.152%	$888	$216K	5.5x	as long as short
01 Exchange ONDOUSD	+0.0072%	1h	0.4310	+0.163%	$355	$2K	10x	as long as short
Lighter ONDO	+0.0096%	1h	0.4305	+0.033%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4308	+0.104%	$349K	$876K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4305	+0.038%	$35.9M	$26.3M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4309	+0.141%	$775K	$2.6M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4309	+0.133%	$62.0M	$236.0M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ONDOUSDT	+0.0100%	4h	0.4305	+0.040%	$67.2M	$126.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4306	+0.063%	$17.1M	$73.1M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4295	−0.181%	$70K	$82K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4307	+0.083%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4303	−0.006%	$12.0M	$16.4M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4302	−0.030%	$42.4M	$42.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4301	−0.053%	$12.0M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4307	+0.086%	$24.7M	$40.0M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4306	+0.063%	—	$23.7M	—	as long as short
Backpack ONDO_USDC_PERPshort	+0.0100%	1h	0.4305	+0.052%	$176K	$989K	15x
Variational Omni ONDO	+0.0100%	4h	0.4295	−0.196%	$649K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4302	−0.025%	$4K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4298	−0.112%	$401K	$1.3M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4300	−0.076%	$133K	$355K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4301	−0.046%	$67K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4302	−0.030%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4305	+0.040%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4305	+0.040%	$447	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4308	+0.110%	$128K	$429K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4303	−0.006%	$4.1M	$8.2M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4303	−0.003%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4305	+0.030%	$387K	$795K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4305	+0.040%	$37K	$13K	3x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4346	+0.993%	$218K	$766K	50x	as long as short
Phoenix ONDO	+0.0332%	1h	0.4306	+0.063%	$34K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4302	−0.030%	$3.1M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0560% / S −0.0197%	1h	0.4301	−0.046%	$484K	—	100x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0680%	1h	0.4306	+0.063%	$18K	$362K	25x	as long as short
Reya ONDORUSDPERPlong	+0.1156%	1h	0.4303	long leg	$2K	—	20x