ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0823%/8h= −90.1% APRnext payment −$1.03 per $10,000 · paid last 24h −0.687%

Price spread now: Injective against Lighter+3.891%66s7-day average −0.975% · you sell dearer than you buy

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

Long on Lighter Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−3.631%−$363 on $10k

Price spread, last 4 days (all we have)−4.499%−$450 · spread now +3.891%, 7d avg −0.975%

Together, before fees−8.130%+ Points / potential airdropLighter: Season 3 · farm board−$813 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 4.867% dearer against Lighter than usual: you sell high and buy low (spread +3.891% now, against its 7-day average of −0.975%): +$487 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 20 days. At the pace of the last 7 days (−3.631% in total) that is about 9.4 days. The two prices were read 66 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	Lighter ONDO	0.4397	0.0856	pay 0.0107% / 1h	6m 15s	$1.4M	$2.1M	10x
Short	Injective ONDO/USDC PERP	0.4568	0.0033	get 0.0004% / 1h	6m 15s	$888	$216K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Lighter. 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 LighterbpFee InjectivebpOrdersPrice spread, now +3.891%Rate

Funding earned: −$172.76
Price spread: +3.891% → −0.975%: $486.68
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $313.9
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: live order book, 6 min ago; Injective: 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 Lighter live order book, 6 min ago	4.41 bp	8.6 bp −$9	25.4 bp −$254	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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
dYdX ONDO-USD	+0.0001%	1h	0.4389	−0.176%	$248K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4386	−0.239%	$7K	—	150x	as long as short
Injective ONDO/USDC PERPshort	+0.0033%	1h	0.4568	+3.891%	$888	$216K	5.5x
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4387	−0.217%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4387	−0.225%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4387	−0.225%	$370K	$837K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4387	−0.219%	$63.7M	$225.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4387	−0.225%	$69.6M	$123.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4389	−0.180%	$17.0M	$71.5M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4383	−0.309%	$72K	$84K	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	0.4386	−0.254%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4387	−0.225%	$11.6M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4389	−0.180%	$47.5M	$41.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4387	−0.225%	$12.8M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4388	−0.202%	$25.1M	$39.4M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4389	−0.180%	—	$21.7M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4410	+0.290%	$714K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4403	+0.148%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4402	+0.116%	$407K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4400	+0.071%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4389	−0.189%	$63K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4389	−0.180%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4390	−0.157%	$456	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4399	+0.048%	$129K	$473K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4390	−0.157%	$4.2M	$7.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4388	−0.198%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4387	−0.223%	$396K	$793K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4390	−0.147%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0132%	1h	0.4391	−0.143%	$38.1M	$24.2M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0177%	1h	0.4389	−0.182%	$190K	$979K	15x	as long as short
Aster ONDOUSDT	+0.0190%	4h	0.4390	−0.158%	$733K	$2.3M	20x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4404	+0.164%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4389	−0.180%	$3.1M	$3.0M	75x	as long as short
01 Exchange ONDOUSD	+0.0360%	1h	0.4389	−0.189%	$361	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4422	+0.571%	$281K	$719K	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0434%	1h	0.4389	−0.180%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0550% / S −0.0190%	1h	0.4386	−0.242%	$484K	—	100x	as long as short
Lighter ONDOlong	+0.0856%	1h	0.4397	long leg	$1.4M	$2.1M	10x
Reya ONDORUSDPERP	+0.1150%	1h	0.4388	−0.199%	$2K	—	20x	as long as short