ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0289%/8h= −31.6% APRnext payment −$0.36 per $10,000 · paid last 24h +1.328%

Price spread now: dYdX against Hyperliquid+0.003%55s7-day average −0.115% · you sell dearer than you buy

Net, funding: paid 7d − costs+$129as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1121.116% of the position

Long on Hyperliquid Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+2.407%+$241 on $10k

Price spread, last 4 days (all we have)−0.144%−$14 · spread now +0.003%, 7d avg −0.115%

Together, before fees+2.263%+ Points / potential airdropHyperliquid: Season 2 · farm board+$226 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.118% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.003% now, against its 7-day average of −0.115%): +$12 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 33 hours. Mind the row above: over the last 7 days funding on this pair paid +2.407%, so the current rate has only just turned against you. The two prices were read 55 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	Hyperliquid ONDO	0.4397	0.0289	pay 0.0036% / 1h	49m 45s	$37.8M	$24.6M	10x
Short	dYdX ONDO-USD	0.4397	0	get 0.0000% / 1h	49m 45s	$249K	$129K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Hyperliquid. 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 HyperliquidbpFee dYdXbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$60.61
Price spread: +0.003% → −0.115%: $11.81
Slippage, 4 orders: −$92.6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$160.4
Costs to cover: 1.116%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 4 min ago; dYdX: live order book, 4 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 Hyperliquid live order book, 4 min ago	1.02 bp	8.8 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell dYdX live order book, 4 min ago	18.13 bp	66.2 bp −$66	201.9 bp −$2,019	230.4 bp −$23.0K	855.9 bp −$427.9K

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	−0.0159%	1h	0.4393	−0.096%	$2.6M	$7.8M	50x	as long as short
dYdX ONDO-USDshort	0.0000%	1h	0.4397	+0.003%	$249K	$129K	5x
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4393	−0.099%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.883%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4398	+0.013%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4393	−0.097%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4395	−0.051%	$363K	$847K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4393	−0.089%	$63.5M	$230.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4391	−0.142%	$68.1M	$126.4M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4392	−0.119%	$17.2M	$73.3M	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	0.4408	+0.247%	$73K	$85K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4396	−0.021%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4392	−0.119%	$11.6M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4394	−0.074%	$44.1M	$41.5M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4394	−0.074%	$12.7M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4394	−0.074%	$25.2M	$40.0M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4394	−0.074%	—	$21.9M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4395	−0.049%	$185K	$983K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4404	+0.147%	$719K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4407	+0.228%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4413	+0.358%	$409K	$1.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4409	+0.267%	$136K	$353K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4395	−0.044%	$67K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4397	−0.006%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4396	−0.028%	$457	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4406	+0.199%	$130K	$434K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4396	−0.028%	$4.3M	$7.9M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4397	−0.004%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4393	−0.101%	$397K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4396	−0.017%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0176%	1h	0.4397	−0.003%	$362	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0205%	1h	0.4394	−0.074%	$18K	$367K	25x	as long as short
Aster ONDOUSDT	+0.0220%	4h	0.4396	−0.025%	$782K	$2.5M	20x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4408	+0.244%	$272K	$731K	50x	as long as short
Hyperliquid ONDOlong	+0.0289%	1h	0.4397	long leg	$37.8M	$24.6M	10x
Phoenix ONDO	+0.0327%	1h	0.4398	+0.017%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4407	+0.222%	$3.1M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0551% / S −0.0190%	1h	0.4393	−0.101%	$485K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1153%	1h	0.4395	−0.057%	$2K	—	20x	as long as short