ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h −0.821%

Price spread now: Injective against Deribit+0.556%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−3.386%−$339 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 0.556% dearer against Deribit than usual: you sell high and buy low: +$56 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −3.386%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ONDO_USDC-PERPETUAL	0.4497	0	get 0.0000% / 1h	4m 26s	$19K	$364K	25x
Short	Injective ONDO/USDC PERP	0.4522	0.0033	get 0.0004% / 1h	4m 26s	$1K	$132K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Deribit. 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 DeribitbpFee InjectivebpOrdersPrice spread, now +0.556%Rate

Funding earned: $7
Price spread: +0.556% → 0.000%: $55.59
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $55.57
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Deribit: live order book, 19 min ago; Injective: 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 Deribit live order book, 19 min ago	5.53 bp	9.0 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.1131%	1h	0.4495	−0.037%	$2.8M	$8.0M	50x	as long as short
Deribit ONDO_USDC-PERPETUALlong	0.0000%	1h	0.4497	long leg	$19K	$364K	25x
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4502	+0.118%	$6K	—	150x	as long as short
Phoenix ONDO	+0.0018%	1h	0.4501	+0.078%	$29K	$222K	10x	as long as short
Injective ONDO/USDC PERPshort	+0.0033%	1h	0.4522	+0.556%	$1K	$132K	5.5x
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4497	0.000%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4502	+0.106%	$422K	$681K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4505	+0.178%	$757K	$2.0M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4503	+0.136%	$66.3M	$220.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4502	+0.111%	$72.9M	$118.1M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4501	+0.089%	$17.6M	$79.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4520	+0.509%	$72K	$84K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4504	+0.157%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4501	+0.089%	$11.7M	$18.8M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4503	+0.133%	$47.2M	$45.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4502	+0.111%	$13.4M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4503	+0.133%	$25.4M	$41.3M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4503	+0.133%	—	$22.6M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4497	0.000%	$194K	$973K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4496	−0.016%	$789K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4516	+0.421%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4514	+0.385%	$426K	$937K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4506	+0.200%	$159K	$333K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4505	+0.169%	$81K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4497	0.000%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4498	+0.022%	$468	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4507	+0.222%	$129K	$519K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4498	+0.022%	$4.7M	$6.3M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4503	+0.127%	$6K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4503	+0.139%	$401K	$917K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4498	+0.022%	$35K	—	3x	as long as short
Hyperliquid ONDO	+0.0285%	1h	0.4508	+0.247%	$40.2M	$27.6M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4501	+0.089%	$297K	$840K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4496	−0.022%	$3.2M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0384%	1h	0.4507	+0.222%	$371	$2K	10x	as long as short
Lighter ONDO	+0.0552%	1h	0.4511	+0.318%	$1.4M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0589% / S −0.0191%	1h	0.4502	+0.116%	$542K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1139%	1h	0.4503	+0.139%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.9291%	1h	0.4499	+0.044%	$255K	$129K	5x	as long as short