ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.803%

Price spread now: Polymarket Perps against Injective−0.484%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 Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+3.406%+$341 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. Polymarket Perps is 0.484% cheaper against Injective than usual: you would sell low and buy high (spread −0.484% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$48 on $10k: about 24 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+3.406% in total) that is about 24 hours.

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	4m 57s	$1K	$132K	5.5x
Short	Polymarket Perps ONDO-USD	0.4500	0.0100	get 0.0013% / 1h	4m 57s	$81K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.484%Rate

Funding earned: $14
Price spread: −0.484% → 0.000%: −$48.43
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$42.45
Costs to cover: 0.080%
Break-even: 28.2 days

Slippage unknown: Injective: no order-book sample; Polymarket Perps: live order book, 3 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 Polymarket Perps live order book, 3 min ago	2.66 bp	7.1 bp −$7	7.5 bp −$75	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	−0.1131%	1h	0.4495	−0.590%	$2.8M	$8.0M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4497	−0.553%	$19K	$364K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4496	−0.564%	$6K	—	150x	as long as short
Phoenix ONDO	+0.0018%	1h	0.4501	−0.475%	$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	+0.0098%	4h	0.4497	−0.553%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4497	−0.558%	$422K	$681K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4499	−0.512%	$756K	$2.0M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4500	−0.482%	$66.3M	$220.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4500	−0.487%	$72.9M	$118.1M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4501	−0.464%	$17.6M	$79.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4520	−0.046%	$72K	$84K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4499	−0.507%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4495	−0.597%	$11.7M	$18.8M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4501	−0.464%	$47.1M	$45.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4499	−0.509%	$13.4M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4500	−0.487%	$25.4M	$41.3M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4495	−0.597%	—	$22.6M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4497	−0.553%	$194K	$973K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4496	−0.568%	$789K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4516	−0.134%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4514	−0.170%	$426K	$937K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4506	−0.354%	$159K	$333K	50x	as long as short
Polymarket Perps ONDO-USDshort	+0.0100%	1h	0.4500	−0.484%	$81K	$1.1M	10x
SunX ONDO-USDT	+0.0100%	4h	0.4497	−0.553%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4498	−0.531%	$468	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4507	−0.332%	$129K	$519K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4498	−0.531%	$4.7M	$6.3M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4498	−0.532%	$6K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4500	−0.480%	$401K	$917K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4498	−0.531%	$35K	—	3x	as long as short
Hyperliquid ONDO	+0.0283%	1h	0.4499	−0.504%	$40.2M	$27.6M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4501	−0.464%	$297K	$840K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4496	−0.575%	$3.2M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0384%	1h	0.4504	−0.391%	$371	$2K	10x	as long as short
Lighter ONDO	+0.0552%	1h	0.4505	−0.372%	$1.4M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0589% / S −0.0191%	1h	0.4497	−0.562%	$541K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1139%	1h	0.4498	−0.536%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.9354%	1h	0.4499	−0.509%	$255K	$129K	5x	as long as short