ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0363%/8h= +39.7% APRnext payment +$0.45 per $10,000 · paid last 24h +1.510%

Price spread now: dYdX against Kraken Futures−0.091%7-day average −0.085% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$342as in the Price arb table

costs, in and out, $10k−$3423.416% of the position

Long on Kraken Futures Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+2.444%+$244 on $10k

Price spread, last 3 days (all we have)+0.045%+$4 · spread now −0.091%, 7d avg −0.085%

Together, before fees+2.489%+$249 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.085%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ONDOUSD	0.4400	−0.0363	get 0.0045% / 1h	38m 53s	$2.6M	$8.1M	50x
Short	dYdX ONDO-USD	0.4396	0	get 0.0000% / 1h	38m 53s	$249K	$130K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Kraken Futures. 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 Kraken FuturesbpFee dYdXbpOrdersPrice spread, now −0.091%Rate

Funding earned: $76.2
Price spread: −0.091% → −0.085%: −$0.63
Slippage, 4 orders: −$321.6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$266.03
Costs to cover: 3.416%
Break-even: 31.4 days

Slippage from Kraken Futures: live order book, 5 min ago; dYdX: live order book, 30 min ago.

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 Kraken Futures live order book, 5 min ago	13.51 bp	20.7 bp −$21	34.6 bp −$346	doesn't fit	doesn't fit
Sell dYdX live order book, 30 min ago	130.76 bp	162.4 bp −$162	318.4 bp −$3,184	944.8 bp −$94.5K	1836.8 bp −$918.4K

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_ONDOUSDlong	−0.0363%	1h	0.4400	long leg	$2.6M	$8.1M	50x
dYdX ONDO-USDshort	0.0000%	1h	0.4396	−0.091%	$249K	$130K	5x
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0007%	1h	0.4409	+0.202%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.815%	$888	$216K	5.5x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4410	+0.236%	$392K	$848K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4401	+0.016%	$685K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4403	+0.065%	$64.2M	$231.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4402	+0.042%	$70.0M	$125.4M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4402	+0.042%	$17.1M	$76.0M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4395	−0.110%	$72K	$89K	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	0.4393	−0.160%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4400	−0.003%	$11.6M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4401	+0.020%	$43.3M	$42.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4402	+0.042%	$13.1M	$11.2M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4402	+0.042%	$25.0M	$40.5M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4403	+0.065%	—	$762K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4403	+0.063%	$198K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4401	+0.016%	$782K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4437	+0.839%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4402	+0.043%	$406K	$962K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4434	+0.770%	$164K	$356K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4408	+0.183%	$93K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4408	+0.179%	$24K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4408	+0.179%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4400	−0.003%	$457	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4418	+0.406%	$128K	$514K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4396	−0.084%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4402	+0.035%	$398K	$822K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4410	+0.224%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0204%	1h	0.4410	+0.224%	$23K	$349K	25x	as long as short
Hyperliquid ONDO	+0.0246%	1h	0.4405	+0.099%	$38.9M	$25.4M	10x	as long as short
01 Exchange ONDOUSD	+0.0328%	1h	0.4397	−0.071%	$362	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4401	+0.020%	$282K	$788K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4425	+0.574%	$35K	$231K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4471	+1.611%	$3.2M	$3.0M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0550% / S −0.0190%	1h	0.4408	+0.186%	$485K	—	100x	as long as short
Lighter ONDO	+0.0760%	1h	0.4409	+0.197%	$1.4M	$2.1M	10x	as long as short
Phemex ONDOUSDT	+0.0972%	4h	0.4399	−0.026%	$4.2M	$7.3M	50x	as long as short
Reya ONDORUSDPERP	+0.1147%	1h	0.4412	+0.276%	$2K	—	20x	as long as short