ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.075%

Price spread now: Ondo Perps against Injective−6.073%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 Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+3.432%+$343 on $10k

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

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Ondo Perps is 6.073% cheaper against Injective than usual: you would sell low and buy high (spread −6.073% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$607 on $10k: about 10 months of funding at the current rate (+$2 a day). At the pace of the last 7 days (+3.432% in total) that is about 12 days.

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	7m 58s	$888	$215K	5.5x
Short	Ondo Perps ONDO-USD.P	0.4291	0.0100	get 0.0013% / 1h	7m 58s	$68K	$67K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −6.073%Rate

Funding earned: $14
Price spread: −6.073% → 0.000%: −$607.27
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$598.29
Costs to cover: 0.050%
Break-even: 306.1 days

Slippage unknown: Injective: no order-book sample; Ondo Perps: no order-book sample. 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 Ondo Perps no order-book sample	—	—	—	—	—

Injective and Ondo Perps: 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	−0.0327%	1h	0.4302	−5.819%	$2.5M	$6.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4302	−5.833%	$7K	—	150x	as long as short
Bybit ONDOUSDT	+0.0028%	4h	0.4300	−5.867%	$66.5M	$113.9M	50x	as long as short
Injective ONDO/USDC PERPlong	+0.0033%	1h	0.4568	long leg	$888	$215K	5.5x
01 Exchange ONDOUSD	+0.0056%	1h	0.4303	−5.810%	$354	$2K	10x	as long as short
Lighter ONDO	+0.0096%	1h	0.4308	−5.696%	$1.1M	$2.3M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4301	−5.845%	$23K	$7K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4300	−5.861%	$332K	$819K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4305	−5.755%	$36.3M	$26.3M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4304	−5.779%	$761K	$2.8M	20x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ONDOUSDT	+0.0100%	4h	0.4303	−5.804%	$62.1M	$215.1M	75x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4301	−5.845%	$17.2M	$66.6M	50x	as long as short
Ondo Perps ONDO-USD.Pshort	+0.0100%	1h	0.4291	−6.073%	$68K	$67K	10x
RISEx ONDO/USDC	+0.0100%	1h	0.4301	−5.854%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4302	−5.823%	$13.9M	$13.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4302	−5.823%	$43.7M	$41.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4302	−5.823%	$13.0M	$9.3M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4303	−5.801%	$24.8M	$31.8M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4301	−5.845%	—	$781K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4302	−5.819%	$180K	$979K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4289	−6.098%	$616K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4293	−6.016%	$5K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4294	−5.998%	$405K	$2.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4291	−6.064%	$85K	$350K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4302	−5.819%	$55K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4301	−5.845%	—	$1.2M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4303	−5.801%	$447	$17K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4309	−5.670%	$106K	$444K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4302	−5.823%	$4.1M	$8.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4302	−5.819%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4300	−5.870%	$348K	$761K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4304	−5.780%	$37K	$13K	3x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0167% / S +0.0190%	1h	0.4295	−5.987%	$327K	—	100x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0215%	1h	0.4304	−5.779%	$21K	$354K	25x	as long as short
Phoenix ONDO	+0.0221%	1h	0.4302	−5.823%	$35K	$208K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4305	−5.757%	$212K	$558K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4301	−5.845%	$3.2M	$2.9M	75x	as long as short
Reya ONDORUSDPERP	+0.1167%	1h	0.4302	−5.822%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3731%	1h	0.4299	−5.887%	$246K	$160K	5x	as long as short