ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0071%/8h= +7.7% APRnext payment +$0.09 per $10,000 · paid last 24h +0.639%

Price spread now: Extended against Injective+0.850%120s7-day average +0.910% · you sell dearer than you buy

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

Long on Injective Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+3.435%+$343 on $10k

Price spread, last 3 days (all we have)−0.214%−$21 · spread now +0.850%, 7d avg +0.910%

Together, before fees+3.220%+ Points / potential airdropExtended: Active · farm board+$322 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.060% cheaper against Injective than usual: you would sell low and buy high (spread +0.850% now, against its 7-day average of +0.910%). If the spread goes back, that is −$6 on $10k: about 2.8 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+3.435% in total) that is about 3 hours. The two prices were read 120 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	33m 20s	$888	$216K	5.5x
Short	Extended ONDO-USD	0.4607	0.0104	get 0.0013% / 1h	33m 20s	$418K	$842K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.850%Rate

Funding earned: $14.84
Price spread: +0.850% → +0.910%: −$6.02
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $3.8
Costs to cover: 0.050%
Break-even: 5.2 days

Slippage unknown: Injective: no order-book sample; Extended: live order book, 40 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 Extended live order book, 40 min ago	3.29 bp	6.2 bp −$6	16.1 bp −$161	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	−0.0864%	1h	0.4623	+1.206%	$2.8M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4620	+1.138%	$261K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4601	+0.726%	$6K	—	150x	as long as short
Injective ONDO/USDC PERPlong	+0.0033%	1h	0.4568	long leg	$888	$216K	5.5x
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4606	+0.832%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4611	+0.936%	$432K	$710K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4616	+1.060%	$729K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4605	+0.800%	$69.0M	$224.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4604	+0.788%	$74.6M	$120.4M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4606	+0.832%	$17.7M	$79.5M	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	0.4629	+1.340%	$76K	$92K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4616	+1.042%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4602	+0.744%	$12.1M	$16.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4607	+0.854%	$50.0M	$41.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4609	+0.898%	$14.3M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4609	+0.898%	$26.1M	$39.7M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4603	+0.766%	—	$22.2M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4627	+1.283%	$231K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4615	+1.024%	$820K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4629	+1.339%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4631	+1.381%	$429K	$959K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4606	+0.832%	$174K	$338K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4611	+0.950%	$74K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4632	+1.401%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4624	+1.226%	$481	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4648	+1.751%	$136K	$497K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4624	+1.226%	$4.6M	$7.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4617	+1.069%	$7K	$9	10x	as long as short
Extended ONDO-USDshort	+0.0104%	1h	0.4607	+0.850%	$418K	$842K	25x
Aevo ONDO-PERP	+0.0104%	1h	0.4611	+0.930%	$40K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0183%	1h	0.4623	+1.204%	$34K	$363K	25x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4636	+1.486%	$38K	$248K	10x	as long as short
Hyperliquid ONDO	+0.0250%	1h	0.4614	+1.000%	$41.1M	$25.5M	10x	as long as short
01 Exchange ONDOUSD	+0.0264%	1h	0.4621	+1.167%	$380	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4631	+1.379%	$300K	$830K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4632	+1.401%	$3.3M	$2.9M	75x	as long as short
Lighter ONDO	+0.0584%	1h	0.4627	+1.296%	$1.5M	$2.3M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0592% / S −0.0188%	1h	0.4601	+0.723%	$550K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1145%	1h	0.4609	+0.898%	$2K	—	20x	as long as short