ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1047%/8h= +114.6% APRnext payment +$1.31 per $10,000 · paid last 24h +0.306%

Price spread now: Reya against Backpack−0.214%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on Reya

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

Funding pays, the price is against you. Reya is 0.214% cheaper against Backpack than usual: you would sell low and buy high (spread −0.214% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 16 hours of funding at the current rate (+$31 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ONDO_USDC_PERP	0.4465	0.0100	pay 0.0013% / 1h	47m 10s	$202K	$1.0M	15x
Short	Reya ONDORUSDPERP	0.4456	0.1147	get 0.0143% / 1h	47m 10s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Backpack. 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 BackpackbpFee ReyabpOrdersPrice spread, now −0.214%Rate

Funding earned: $219.78
Price spread: −0.214% → 0.000%: −$21.36
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $182.42
Costs to cover: 0.160%
Break-even: 1.2 days

Slippage unknown: Backpack: live order book, 2 min ago; Reya: no order-book sample. 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 Backpack live order book, 2 min ago	2.24 bp	12.3 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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	−0.0359%	1h	0.4452	−0.295%	$2.7M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4454	−0.250%	$252K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0007%	1h	0.4454	−0.256%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+2.300%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4453	−0.275%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4459	−0.147%	$406K	$780K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4456	−0.218%	$686K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4453	−0.266%	$65.6M	$227.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4452	−0.298%	$71.7M	$122.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4452	−0.298%	$17.2M	$76.3M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4464	−0.025%	$73K	$92K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4458	−0.156%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4455	−0.231%	$11.7M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4453	−0.275%	$45.1M	$41.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4457	−0.186%	$13.5M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4453	−0.275%	$25.2M	$39.9M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4456	−0.208%	—	$22.3M	—	as long as short
Backpack ONDO_USDC_PERPlong	+0.0100%	1h	0.4465	long leg	$202K	$1.0M	15x
Variational Omni ONDO	+0.0100%	4h	0.4468	+0.056%	$791K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4470	+0.115%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4470	+0.106%	$421K	$952K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4470	+0.105%	$165K	$356K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4457	−0.181%	$77K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4455	−0.231%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4454	−0.253%	$463	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4468	+0.060%	$131K	$500K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4461	−0.099%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4451	−0.312%	$402K	$816K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4454	−0.249%	$39K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0199%	1h	0.4455	−0.231%	$33K	$339K	25x	as long as short
Hyperliquid ONDO	+0.0249%	1h	0.4460	−0.119%	$39.4M	$25.4M	10x	as long as short
01 Exchange ONDOUSD	+0.0320%	1h	0.4461	−0.092%	$367	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4469	+0.083%	$290K	$800K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4476	+0.228%	$36K	$231K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4471	+0.128%	$3.2M	$3.0M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0581% / S −0.0186%	1h	0.4453	−0.281%	$532K	—	100x	as long as short
Phemex ONDOUSDT	+0.0588%	4h	0.4458	−0.163%	$4.3M	$7.3M	50x	as long as short
Lighter ONDO	+0.0608%	1h	0.4460	−0.119%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERPshort	+0.1147%	1h	0.4456	−0.214%	$2K	—	20x