ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0263%/8h= −28.8% APRnext payment −$0.33 per $10,000 · paid last 24h −0.083%

Price spread now: Extended against Hyperliquid−0.112%7-day average −0.149% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$260.257% of the position

Long on Hyperliquid Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.278%−$28 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now −0.112%, 7d avg −0.149%

Together, before fees−0.337%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.037% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.112% now, against its 7-day average of −0.149%): +$4 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ONDO	0.4592	0.0367	pay 0.0046% / 1h	52m 08s	$40.7M	$26.8M	10x
Short	Extended ONDO-USD	0.4587	0.0104	get 0.0013% / 1h	52m 08s	$411K	$846K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.112%Rate

Funding earned: −$55.17
Price spread: −0.112% → −0.149%: $3.74
Slippage, 4 orders: −$11.71
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$77.14
Costs to cover: 0.257%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 11 min ago; Extended: live order book, 26 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, 11 min ago	0.44 bp	6.6 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 26 min ago	2.17 bp	5.1 bp −$5	16.1 bp −$161	doesn't fit	doesn't fit

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	−0.0795%	1h	0.4588	−0.083%	$2.9M	$8.0M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	−0.523%	$888	$216K	5.5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4586	−0.127%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4587	−0.109%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4587	−0.098%	$432K	$706K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4592	0.000%	$727K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4590	−0.050%	$68.5M	$227.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4587	−0.109%	$74.5M	$122.7M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4586	−0.131%	$17.9M	$81.6M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4591	−0.017%	$75K	$89K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4586	−0.138%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4586	−0.131%	$12.1M	$18.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4590	−0.044%	$49.5M	$43.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4588	−0.087%	$13.8M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4590	−0.044%	$26.0M	$41.5M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4588	−0.087%	—	$742K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4601	+0.193%	$790K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4603	+0.246%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4595	+0.068%	$424K	$947K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4590	−0.044%	$174K	$312K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4592	−0.011%	$70K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4591	−0.022%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4587	−0.109%	$477	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4596	+0.087%	$134K	$505K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4588	−0.087%	$4.8M	$6.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4590	−0.040%	$7K	$9	10x	as long as short
Extended ONDO-USDshort	+0.0104%	1h	0.4587	−0.112%	$411K	$846K	25x
Aevo ONDO-PERP	+0.0104%	1h	0.4591	−0.022%	$45K	$8K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0228%	1h	0.4589	−0.074%	$231K	$1.0M	15x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4593	+0.015%	$38K	$257K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4599	+0.152%	$302K	$861K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4592	0.000%	$3.3M	$3.2M	75x	as long as short
Hyperliquid ONDOlong	+0.0367%	1h	0.4592	long leg	$40.7M	$26.8M	10x
Deribit ONDO_USDC-PERPETUAL	+0.0404%	1h	0.4589	−0.065%	$36K	$436K	25x	as long as short
01 Exchange ONDOUSD	+0.0520%	1h	0.4593	+0.017%	$378	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0614% / S −0.0200%	1h	0.4587	−0.104%	$566K	—	100x	as long as short
Lighter ONDO	+0.1016%	1h	0.4597	+0.111%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1142%	1h	0.4590	−0.046%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.6608%	1h	0.4590	−0.035%	$260K	$129K	5x	as long as short