ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0223%/8h= +24.4% APRnext payment +$0.28 per $10,000 · paid last 24h +0.286%

Price spread now: Coinbase International against Injective−4.991%64s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+4.180%+$418 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. Coinbase International is 4.991% cheaper against Injective than usual: you would sell low and buy high (spread −4.991% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$499 on $10k: about 2 months of funding at the current rate (+$7 a day). At the pace of the last 7 days (+4.180% in total) that is about 8.4 days. The two prices were read 64 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	Injective ONDO/USDC PERP	0.4568	0.0033	pay 0.0004% / 1h	35m 25s	$888	$216K	5.5x
Short	Coinbase International ONDO-PERP-INTX	0.4340	0.0256	get 0.0032% / 1h	35m 25s	$214K	$720K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Injective. 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 InjectivebpFee Coinbase InternationalbpOrdersPrice spread, now −4.991%Rate

Funding earned: $46.76
Price spread: −4.991% → 0.000%: −$499.12
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$462.38
Costs to cover: 0.100%
Break-even: 76.2 days

Slippage unknown: Injective: no order-book sample; Coinbase International: live order book, 63 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 63 min ago	9.26 bp	14.5 bp −$14	52.1 bp −$521	doesn't fit	doesn't fit

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	−0.0176%	1h	0.4334	−5.122%	$2.5M	$7.8M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4335	−5.101%	$18K	$351K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4333	−5.142%	$7K	—	150x	as long as short
Injective ONDO/USDC PERPlong	+0.0033%	1h	0.4568	long leg	$888	$216K	5.5x
Lighter ONDO	+0.0096%	1h	0.4336	−5.072%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4334	−5.134%	$345K	$887K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4337	−5.057%	$760K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4335	−5.110%	$63.3M	$233.2M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4332	−5.166%	$68.2M	$121.6M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4334	−5.123%	$17.3M	$71.6M	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	0.4337	−5.053%	$71K	$79K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4335	−5.110%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4333	−5.144%	$13.3M	$15.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4333	−5.144%	$44.4M	$41.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4334	−5.123%	$12.2M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4334	−5.123%	$24.9M	$36.4M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4333	−5.144%	—	$780K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4335	−5.094%	$179K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4332	−5.171%	$681K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4332	−5.174%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4332	−5.167%	$405K	$1.6M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4340	−4.991%	$134K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4334	−5.123%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4332	−5.166%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4332	−5.166%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4335	−5.101%	$2K	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4339	−5.013%	$129K	$369K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4336	−5.079%	$4.2M	$9.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4331	−5.195%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4334	−5.115%	$362K	$821K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4336	−5.079%	$38K	$13K	3x	as long as short
Coinbase International ONDO-PERP-INTXshort	+0.0256%	1h	0.4340	−4.991%	$214K	$720K	50x
Phoenix ONDO	+0.0277%	1h	0.4340	−4.989%	$35K	$218K	10x	as long as short
01 Exchange ONDOUSD	+0.0280%	1h	0.4337	−5.059%	$357	$2K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4341	−4.969%	$3.2M	$3.2M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0582% / S −0.0208%	1h	0.4332	−5.169%	$501K	—	100x	as long as short
Hyperliquid ONDO	+0.0606%	1h	0.4338	−5.035%	$36.5M	$27.5M	10x	as long as short
Reya ONDORUSDPERP	+0.1162%	1h	0.4335	−5.095%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.2948%	1h	0.4333	−5.140%	$243K	$155K	5x	as long as short