ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1116%/8h= +122.2% APRnext payment +$1.40 per $10,000 · paid last 24h +0.835%

Price spread now: Reya against Injective−2.985%52s7-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 Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Reya is 2.985% cheaper against Injective than usual: you would sell low and buy high (spread −2.985% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$298 on $10k: about 8.9 days of funding at the current rate (+$33 a day). The two prices were read 52 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	29m 35s	$888	$216K	5.5x
Short	Reya ONDORUSDPERP	0.4432	0.1149	get 0.0144% / 1h	29m 35s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −2.985%Rate

Funding earned: $234.37
Price spread: −2.985% → 0.000%: −$298.46
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Reya: 3 bp × 2 orders: −$6
Net: −$70.12
Costs to cover: 0.060%
Break-even: 9.1 days

Slippage unknown: Injective: no order-book sample; Reya: 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 Reya no order-book sample	—	—	—	—	—

Injective and Reya: 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
dYdX ONDO-USD	+0.0002%	1h	0.4425	−3.130%	$250K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4428	−3.070%	$6K	—	150x	as long as short
Injective ONDO/USDC PERPlong	+0.0033%	1h	0.4568	long leg	$888	$216K	5.5x
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4424	−3.153%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4428	−3.065%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4431	−2.999%	$375K	$837K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4425	−3.126%	$64.2M	$225.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4424	−3.152%	$70.0M	$122.9M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4426	−3.109%	$17.1M	$72.3M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4422	−3.203%	$72K	$87K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4424	−3.147%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4426	−3.109%	$11.7M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4427	−3.087%	$46.8M	$41.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4428	−3.065%	$13.0M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4428	−3.065%	$25.3M	$39.7M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4426	−3.109%	—	$21.9M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4427	−3.096%	$717K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4421	−3.216%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4435	−2.911%	$415K	$992K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4427	−3.087%	$136K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4432	−2.982%	$71K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4432	−2.977%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4427	−3.087%	$460	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4436	−2.890%	$130K	$473K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4425	−3.130%	$4.2M	$7.6M	50x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4425	−3.125%	$401K	$790K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4430	−3.021%	$38K	$13K	3x	as long as short
Paradex ONDO-USD-PERP	+0.0106%	8h	0.4427	−3.083%	$6K	—	10x	as long as short
Aster ONDOUSDT	+0.0170%	4h	0.4429	−3.043%	$713K	$2.3M	20x	as long as short
Hyperliquid ONDO	+0.0206%	1h	0.4431	−2.993%	$38.5M	$24.5M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0223%	1h	0.4428	−3.056%	$194K	$981K	15x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4425	−3.135%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4432	−2.977%	$3.1M	$3.1M	75x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4435	−2.912%	$285K	$705K	50x	as long as short
01 Exchange ONDOUSD	+0.0376%	1h	0.4426	−3.104%	$364	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0428%	1h	0.4429	−3.043%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0553% / S −0.0190%	1h	0.4429	−3.051%	$489K	—	100x	as long as short
Lighter ONDO	+0.0888%	1h	0.4437	−2.877%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERPshort	+0.1149%	1h	0.4432	−2.985%	$2K	—	20x