ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h −2.191%

Price spread now: Injective against dYdX+3.764%98s7-day average −0.911% · you sell dearer than you buy

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

Long on dYdX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−6.130%−$613 on $10k

Price spread, last 3 days (all we have)−4.576%−$458 · spread now +3.764%, 7d avg −0.911%

Together, before fees−10.706%−$1,071 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 4.675% dearer against dYdX than usual: you sell high and buy low: +$468 more if the spread goes back to its 7-day average of −0.911%. Mind the row above: over the last 7 days funding on this pair cost −6.130%, so the current rate has only just turned in your favour. The two prices were read 98 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	dYdX ONDO-USD	0.4402	0	get 0.0000% / 1h	55m 36s	$249K	$130K	5x
Short	Injective ONDO/USDC PERP	0.4568	0.0033	get 0.0004% / 1h	55m 36s	$888	$216K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against dYdX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 dYdXbpFee InjectivebpOrdersPrice spread, now +3.764%Rate

Funding earned: $7
Price spread: +3.764% → −0.911%: $467.52
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $464.5
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: dYdX: live order book, 8 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 dYdX live order book, 8 min ago	83.09 bp	88.1 bp −$88	88.1 bp −$881	116.7 bp −$11.7K	746.7 bp −$373.3K
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 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
ApeX Omni ONDOUSDT	−0.0069%	1h	0.4382	−0.461%	$135K	$353K	50x	as long as short
dYdX ONDO-USDlong	0.0000%	1h	0.4402	long leg	$249K	$130K	5x
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4414	+0.257%	$6K	—	150x	as long as short
Injective ONDO/USDC PERPshort	+0.0033%	1h	0.4568	+3.764%	$888	$216K	5.5x
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4411	+0.205%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4414	+0.266%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4421	+0.419%	$378K	$832K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4405	+0.050%	$38.6M	$24.2M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4406	+0.084%	$671K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4402	−0.009%	$63.9M	$225.0M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ONDOUSDT	+0.0100%	4h	0.4401	−0.029%	$69.7M	$121.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4395	−0.166%	$17.0M	$71.9M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4391	−0.252%	$72K	$86K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4400	−0.046%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4399	−0.075%	$11.6M	$15.9M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4399	−0.075%	$46.6M	$40.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4403	+0.016%	$13.1M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4403	+0.016%	$25.0M	$39.3M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4403	+0.016%	—	$22.0M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4418	+0.352%	$712K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4388	−0.330%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4390	−0.285%	$405K	$978K	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4420	+0.409%	$79K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4413	+0.243%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4413	+0.243%	$459	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4422	+0.448%	$130K	$481K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4411	+0.198%	$4.2M	$7.5M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4404	+0.036%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4402	−0.014%	$398K	$787K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4415	+0.277%	$38K	$13K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0243%	1h	0.4410	+0.168%	$192K	$985K	15x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4418	+0.366%	$35K	$214K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4422	+0.448%	$284K	$706K	50x	as long as short
01 Exchange ONDOUSD	+0.0368%	1h	0.4404	+0.048%	$362	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0430%	1h	0.4414	+0.266%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0551% / S −0.0190%	1h	0.4415	+0.294%	$487K	—	100x	as long as short
Lighter ONDO	+0.0592%	1h	0.4407	+0.105%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1148%	1h	0.4419	+0.373%	$2K	—	20x	as long as short