ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.04 per $10,000 · paid last 24h +0.153%

Price spread now: Deribit against Injective−5.166%7-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 Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+3.434%+$343 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Deribit is 5.166% cheaper against Injective than usual: you would sell low and buy high (−$517 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +3.434%, 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	Injective ONDO/USDC PERP	0.4568	0.0033	pay 0.0004% / 1h	56m 37s	$888	$215K	5.5x
Short	Deribit ONDO_USDC-PERPETUAL	0.4332	0	get 0.0000% / 1h	56m 37s	$21K	$368K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Injective. 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 InjectivebpFee DeribitbpOrdersPrice spread, now −5.166%Rate

Funding earned: −$7
Price spread: −5.166% → 0.000%: −$516.64
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$530.66
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Deribit: live order book, 55 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 Deribit live order book, 55 min ago	4.62 bp	15.0 bp −$15	doesn't fit	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 exchanges

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	−0.0324%	1h	0.4331	−5.199%	$2.6M	$7.2M	50x	as long as short
Deribit ONDO_USDC-PERPETUALshort	0.0000%	1h	0.4332	−5.166%	$21K	$368K	25x
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4331	−5.199%	$7K	—	150x	as long as short
Injective ONDO/USDC PERPlong	+0.0033%	1h	0.4568	long leg	$888	$215K	5.5x
Lighter ONDO	+0.0096%	1h	0.4336	−5.088%	$1.1M	$2.3M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4330	−5.210%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4331	−5.177%	$338K	$821K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4332	−5.166%	$772K	$2.9M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4330	−5.210%	$63.2M	$222.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4325	−5.320%	$67.8M	$116.7M	50x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4326	−5.298%	$17.3M	$67.2M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4329	−5.234%	$69K	$76K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4326	−5.294%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4328	−5.254%	$13.8M	$13.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4327	−5.276%	$46.2M	$39.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4328	−5.254%	$13.1M	$9.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4328	−5.254%	$25.2M	$33.3M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4329	−5.232%	—	$784K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4330	−5.201%	$179K	$989K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4324	−5.331%	$799K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4329	−5.224%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4337	−5.063%	$404K	$1.9M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4336	−5.079%	$134K	$318K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4333	−5.151%	$60K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4331	−5.188%	—	$1.3M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4332	−5.166%	$2K	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4339	−5.013%	$106K	$478K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4330	−5.210%	$4.2M	$8.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4327	−5.275%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4326	−5.307%	$355K	$779K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4333	−5.145%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0192%	1h	0.4332	−5.169%	$357	$2K	10x	as long as short
Phoenix ONDO	+0.0219%	1h	0.4334	−5.131%	$35K	$207K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4353	−4.707%	$214K	$619K	50x	as long as short
Hyperliquid ONDO	+0.0281%	1h	0.4335	−5.096%	$36.5M	$26.7M	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4335	−5.101%	$3.2M	$2.9M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0571% / S −0.0203%	1h	0.4331	−5.189%	$495K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1166%	1h	0.4330	−5.208%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.4243%	1h	0.4336	−5.079%	$248K	$159K	5x	as long as short