ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0274%/8h= +30.0% APRnext payment +$0.34 per $10,000 · paid last 24h +0.075%

Price spread now: Hyperliquid against Ondo Perps+0.194%52s7-day average — · you sell dearer than you buy

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

Long on Ondo Perps Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.290%+$29 on $10k

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

Together, before fees—+ Points / potential airdropOndo Perps: Active · Hyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Hyperliquid is 0.194% dearer against Ondo Perps than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet). 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	Ondo Perps ONDO-USD.P	0.4593	0.0100	pay 0.0013% / 1h	7m 46s	$73K	$91K	10x
Short	Hyperliquid ONDO	0.4602	0.0374	get 0.0047% / 1h	7m 46s	$40.9M	$24.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.194%Rate

Funding earned: $57.53
Price spread: +0.194% → 0.000%: $19.38
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $62.9
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; Hyperliquid: live order book, 6 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 Hyperliquid live order book, 6 min ago	1.08 bp	7.9 bp −$8	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	−0.0869%	1h	0.4596	+0.076%	$2.8M	$7.9M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4598	+0.118%	$260K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4597	+0.090%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−0.542%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4596	+0.067%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4600	+0.149%	$431K	$706K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4596	+0.074%	$68.8M	$221.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4594	+0.024%	$74.0M	$119.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4597	+0.089%	$17.6M	$77.7M	50x	as long as short
Ondo Perps ONDO-USD.Plong	+0.0100%	1h	0.4593	long leg	$73K	$91K	10x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4595	+0.047%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4592	−0.020%	$12.1M	$16.8M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4596	+0.067%	$49.4M	$42.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4595	+0.046%	$14.3M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4596	+0.067%	$26.1M	$38.7M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4595	+0.046%	—	$22.0M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4599	+0.127%	$817K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4605	+0.260%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4614	+0.452%	$426K	$967K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4607	+0.307%	$172K	$335K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4601	+0.176%	$74K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4599	+0.133%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4597	+0.089%	$478	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4607	+0.307%	$135K	$492K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4596	+0.067%	$4.5M	$7.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4595	+0.038%	$7K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4593	+0.012%	$417K	$823K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4601	+0.185%	$40K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0105%	4h	0.4596	+0.058%	$724K	$2.1M	20x	as long as short
Backpack ONDO_USDC_PERP	+0.0114%	1h	0.4593	+0.002%	$231K	$1.0M	15x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4613	+0.438%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0280%	1h	0.4600	+0.152%	$379	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4605	+0.263%	$300K	$818K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4604	+0.242%	$3.3M	$3.0M	75x	as long as short
Hyperliquid ONDOshort	+0.0374%	1h	0.4602	+0.194%	$40.9M	$24.8M	10x
Deribit ONDO_USDC-PERPETUAL	+0.0403%	1h	0.4598	+0.111%	$34K	$341K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0591% / S −0.0188%	1h	0.4597	+0.087%	$549K	—	100x	as long as short
Lighter ONDO	+0.0672%	1h	0.4605	+0.255%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1146%	1h	0.4600	+0.149%	$2K	—	20x	as long as short