ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h +1.301%

Price spread now: dYdX against Extended+0.104%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$264as in the Price arb table

costs, in and out, $10k−$2722.720% of the position

Long on Extended Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+2.704%+$270 on $10k

Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.104%, 7d avg +0.028%

Together, before fees+2.624%+ Points / potential airdropExtended: Active · farm board+$262 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.076% dearer against Extended than usual: you sell high and buy low (spread +0.104% now, against its 7-day average of +0.028%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.4 days. Mind the row above: over the last 7 days funding on this pair paid +2.704%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ONDO-USD	0.4329	0.0104	pay 0.0013% / 1h	47m 41s	$393K	$796K	25x
Short	dYdX ONDO-USD	0.4333	0	get 0.0000% / 1h	47m 41s	$243K	$137K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Extended. 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 ExtendedbpFee dYdXbpOrdersPrice spread, now +0.104%Rate

Funding earned: −$21.84
Price spread: +0.104% → +0.028%: $7.59
Slippage, 4 orders: −$257.05
Fee Extended: 2.5 bp × 2 orders: −$5
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$286.3
Costs to cover: 2.720%
Break-even: never at this rate

Slippage from Extended: live order book, 60 min ago; dYdX: live order book, 61 min ago.

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 Extended live order book, 60 min ago	3.45 bp	6.0 bp −$6	14.7 bp −$147	doesn't fit	doesn't fit
Sell dYdX live order book, 61 min ago	24.14 bp	224.4 bp −$224	226.6 bp −$2,266	233.0 bp −$23.3K	821.3 bp −$410.6K

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	−0.0146%	1h	0.4335	+0.143%	$2.5M	$7.8M	50x	as long as short
dYdX ONDO-USDshort	0.0000%	1h	0.4333	+0.104%	$243K	$137K	5x
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4335	+0.142%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.526%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4337	+0.182%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4340	+0.247%	$346K	$894K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4334	+0.113%	$774K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4332	+0.072%	$62.9M	$238.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4329	+0.004%	$67.5M	$126.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4330	+0.028%	$17.2M	$73.6M	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	0.4348	+0.436%	$71K	$83K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4331	+0.046%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4331	+0.051%	$12.4M	$15.9M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4328	−0.019%	$43.0M	$42.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4332	+0.074%	$11.9M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4330	+0.028%	$24.9M	$39.6M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4331	+0.051%	—	$764K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4337	+0.182%	$177K	$995K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4337	+0.184%	$642K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4342	+0.308%	$4K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4343	+0.328%	$408K	$1.4M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4342	+0.305%	$133K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4338	+0.212%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4336	+0.166%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4337	+0.189%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4337	+0.189%	$451	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4347	+0.420%	$129K	$429K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4338	+0.212%	$4.2M	$8.5M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4331	+0.058%	$6K	—	10x	as long as short
Extended ONDO-USDlong	+0.0104%	1h	0.4329	long leg	$393K	$796K	25x
Aevo ONDO-PERP	+0.0104%	1h	0.4339	+0.239%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0200%	1h	0.4333	+0.104%	$357	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0211%	1h	0.4338	+0.212%	$18K	$362K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4339	+0.235%	$214K	$728K	50x	as long as short
Phoenix ONDO	+0.0313%	1h	0.4349	+0.473%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4345	+0.374%	$3.2M	$3.2M	75x	as long as short
Hyperliquid ONDO	+0.0405%	1h	0.4337	+0.196%	$36.6M	$27.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0562% / S −0.0197%	1h	0.4335	+0.135%	$488K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1157%	1h	0.4336	+0.172%	$2K	—	20x	as long as short