ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0307%/8h= +33.6% APRnext payment +$0.38 per $10,000 · paid last 24h +0.014%

Price spread now: Deribit against Ondo Perps−0.018%7-day average — · you buy dearer than you sell

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

Long on Ondo Perps Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.031% in total (about -1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.38 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ONDO-USD.P	0.4571	0.0100	pay 0.0013% / 1h	4m 14s	$74K	$88K	10x
Short	Deribit ONDO_USDC-PERPETUAL	0.4570	0.0407	get 0.0051% / 1h	4m 14s	$31K	$431K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Ondo Perps. 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 Ondo PerpsbpFee DeribitbpOrdersPrice spread, now −0.018%Rate

Funding earned: $64.47
Price spread: −0.018% → 0.000%: −$1.75
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $50.72
Costs to cover: 0.120%
Break-even: 1.5 days

Slippage unknown: Ondo Perps: no order-book sample; Deribit: live order book, 14 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Deribit live order book, 14 min ago	4.34 bp	14.4 bp −$14	doesn't fit	doesn't fit	doesn't fit

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 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	−0.0352%	1h	0.4568	−0.060%	$2.8M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4568	−0.060%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4567	−0.083%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4569	−0.039%	$430K	$707K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4572	+0.035%	$718K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4575	+0.088%	$68.0M	$226.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4583	+0.267%	$74.2M	$122.4M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4583	+0.267%	$17.8M	$81.8M	50x	as long as short
Ondo Perps ONDO-USD.Plong	+0.0100%	1h	0.4571	long leg	$74K	$88K	10x
RISEx ONDO/USDC	+0.0100%	1h	0.4568	−0.058%	—	—	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ONDO_USDT	+0.0100%	4h	0.4567	−0.083%	$12.0M	$18.7M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4584	+0.289%	$49.3M	$44.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4568	−0.061%	$13.8M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4585	+0.311%	$26.0M	$41.5M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4584	+0.289%	—	$743K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4563	−0.173%	$785K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4561	−0.207%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4572	+0.028%	$422K	$947K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4561	−0.214%	$163K	$318K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4573	+0.039%	$69K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4571	+0.004%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4568	−0.061%	$475	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4575	+0.092%	$133K	$505K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4572	+0.026%	$4.7M	$6.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4566	−0.109%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4567	−0.080%	$409K	$855K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4571	+0.004%	$44K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4576	+0.109%	$38K	$219K	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0148%	1h	0.4586	+0.333%	$231K	$1.0M	15x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4568	−0.061%	$888	$216K	5.5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4595	+0.529%	$301K	$862K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4570	−0.018%	$3.3M	$3.2M	75x	as long as short
Hyperliquid ONDO	+0.0371%	1h	0.4574	+0.072%	$40.6M	$26.8M	10x	as long as short
01 Exchange ONDOUSD	+0.0392%	1h	0.4573	+0.059%	$376	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUALshort	+0.0407%	1h	0.4570	−0.018%	$31K	$431K	25x
GMX ONDO/USD [ETH-USDC]	L +0.0608% / S −0.0197%	1h	0.4568	−0.061%	$559K	—	100x	as long as short
Lighter ONDO	+0.0728%	1h	0.4578	+0.158%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1142%	1h	0.4570	−0.021%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.5809%	1h	0.4569	−0.049%	$259K	$129K	5x	as long as short