ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1087%/8h= −119.1% APRnext payment −$1.36 per $10,000 · paid last 24h −0.224%

Price spread now: Kraken Futures against Reya−0.022%48s7-day average — · you buy dearer than you sell

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

Long on Reya Short on Kraken Futures

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

Both sides work against this trade now: funding costs −$33 a day on $10k at the current rate, and Kraken Futures is 0.022% cheaper against Reya than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ONDORUSDPERP	0.4390	0.1149	pay 0.0144% / 1h	48m 37s	$2K	—	20x
Short	Kraken Futures PF_ONDOUSD	0.4389	0.0061	get 0.0008% / 1h	48m 37s	$2.6M	$8.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$228.34
Price spread: −0.022% → 0.000%: −$2.24
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$246.58
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Kraken Futures: live order book, 5 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 Kraken Futures live order book, 5 min ago	2.27 bp	17.8 bp −$18	25.2 bp −$252	387.8 bp −$38.8K	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 38 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
dYdX ONDO-USD	0.0000%	1h	0.4383	−0.164%	$248K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4389	−0.035%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.046%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSDshort	+0.0061%	1h	0.4389	−0.022%	$2.6M	$8.1M	50x
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4387	−0.077%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4387	−0.066%	$374K	$834K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4388	−0.053%	$683K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4385	−0.125%	$63.7M	$225.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4387	−0.077%	$69.3M	$122.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4390	−0.009%	$17.0M	$71.8M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4424	+0.770%	$72K	$87K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4382	−0.198%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4384	−0.145%	$11.5M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4388	−0.054%	$46.7M	$41.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4384	−0.145%	$13.0M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4389	−0.031%	$24.9M	$39.4M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4386	−0.100%	—	$21.9M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4416	+0.575%	$716K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4405	+0.334%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4415	+0.560%	$414K	$987K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4409	+0.424%	$136K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4391	+0.016%	$79K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4393	+0.060%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4391	+0.014%	$456	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4400	+0.219%	$129K	$480K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4389	−0.031%	$4.2M	$7.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4388	−0.063%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4385	−0.115%	$396K	$788K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4392	+0.047%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0145%	1h	0.4388	−0.045%	$38.4M	$24.0M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0195%	1h	0.4391	+0.007%	$194K	$978K	15x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0206%	1h	0.4389	−0.031%	$23K	$349K	25x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4416	+0.581%	$35K	$225K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4417	+0.606%	$283K	$704K	50x	as long as short
01 Exchange ONDOUSD	+0.0392%	1h	0.4386	−0.102%	$361	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0550% / S −0.0190%	1h	0.4388	−0.048%	$484K	—	100x	as long as short
Lighter ONDO	+0.0768%	1h	0.4393	+0.055%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERPlong	+0.1149%	1h	0.4390	long leg	$2K	—	20x