ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0214%/8h= +23.4% APRnext payment +$0.27 per $10,000 · paid last 24h +0.897%

Price spread now: Hyperliquid against Injective+0.241%7-day average — · you sell dearer than you buy

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

Long on Injective Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+3.701%+$370 on $10k

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

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hyperliquid is 0.241% dearer against Injective than usual: you sell high and buy low: +$24 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ONDO/USDC PERP	0.4522	0.0033	pay 0.0004% / 1h	27m 25s	$1K	$132K	5.5x
Short	Hyperliquid ONDO	0.4533	0.0247	get 0.0031% / 1h	27m 25s	$40.8M	$27.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.241%Rate

Funding earned: $44.9
Price spread: +0.241% → 0.000%: $24.1
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $59.98
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 6 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 Hyperliquid live order book, 6 min ago	2.32 bp	8.0 bp −$8	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 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	−0.1125%	1h	0.4521	−0.027%	$3.0M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4528	+0.123%	$6K	—	150x	as long as short
Phoenix ONDO	+0.0018%	1h	0.4523	+0.024%	$29K	$222K	10x	as long as short
Injective ONDO/USDC PERPlong	+0.0033%	1h	0.4522	long leg	$1K	$132K	5.5x
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4528	+0.133%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4528	+0.133%	$426K	$677K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4527	+0.116%	$760K	$2.0M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4529	+0.166%	$66.7M	$220.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4528	+0.133%	$73.5M	$117.9M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4529	+0.155%	$17.8M	$80.1M	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	0.4536	+0.301%	$72K	$85K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4527	+0.120%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4525	+0.066%	$11.8M	$18.7M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4529	+0.155%	$47.6M	$45.5M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4526	+0.088%	$13.7M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4530	+0.177%	$25.6M	$41.1M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4527	+0.111%	—	$22.7M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4525	+0.073%	$195K	$970K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4528	+0.139%	$783K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4528	+0.134%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4527	+0.104%	$417K	$936K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4529	+0.155%	$159K	$331K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4529	+0.164%	$80K	$1.0M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4529	+0.155%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4529	+0.155%	$471	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4535	+0.287%	$126K	$512K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4522	0.000%	$4.8M	$6.2M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4527	+0.110%	$6K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4526	+0.099%	$403K	$980K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4530	+0.177%	$36K	—	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0192%	1h	0.4530	+0.177%	$19K	$364K	25x	as long as short
Hyperliquid ONDOshort	+0.0247%	1h	0.4533	+0.241%	$40.8M	$27.6M	10x
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4534	+0.265%	$305K	$841K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4520	−0.044%	$3.2M	$3.0M	75x	as long as short
01 Exchange ONDOUSD	+0.0408%	1h	0.4533	+0.250%	$373	$2K	10x	as long as short
Lighter ONDO	+0.0536%	1h	0.4535	+0.283%	$1.4M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0618% / S −0.0203%	1h	0.4528	+0.128%	$563K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1139%	1h	0.4528	+0.139%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.9645%	1h	0.4524	+0.053%	$256K	$123K	5x	as long as short