ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.528%

Price spread now: Injective against Ondo Perps+4.026%101s7-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 Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−3.431%−$343 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 pays, funding is against you. Injective is 4.026% dearer against Ondo Perps than usual: you sell high and buy low (spread +4.026% now, against zero (this spread has no 7-day history yet)): +$403 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7 months. At the pace of the last 7 days (−3.431% in total) that is about 8.2 days. The two prices were read 101 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	0.4391	0.0100	pay 0.0013% / 1h	53m 30s	$72K	$86K	10x
Short	Injective ONDO/USDC PERP	0.4568	0.0033	get 0.0004% / 1h	53m 30s	$888	$216K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Ondo Perps. 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 Ondo PerpsbpFee InjectivebpOrdersPrice spread, now +4.026%Rate

Funding earned: −$14
Price spread: +4.026% → 0.000%: $402.62
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $383.6
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Ondo Perps and 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 38 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
ApeX Omni ONDOUSDT	−0.0069%	1h	0.4382	−0.210%	$135K	$353K	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4399	+0.183%	$249K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4397	+0.131%	$6K	—	150x	as long as short
Injective ONDO/USDC PERPshort	+0.0033%	1h	0.4568	+4.026%	$888	$216K	5.5x
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4399	+0.181%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4400	+0.200%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4405	+0.309%	$376K	$834K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4403	+0.264%	$670K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4406	+0.337%	$64.0M	$225.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4405	+0.314%	$69.8M	$121.9M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4406	+0.337%	$17.0M	$72.1M	50x	as long as short
Ondo Perps ONDO-USD.Plong	+0.0100%	1h	0.4391	long leg	$72K	$86K	10x
RISEx ONDO/USDC	+0.0100%	1h	0.4405	+0.321%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4401	+0.223%	$11.6M	$15.9M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4406	+0.337%	$46.7M	$40.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4399	+0.178%	$13.1M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4408	+0.383%	$25.0M	$39.4M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4407	+0.360%	—	$21.9M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4418	+0.605%	$712K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4400	+0.199%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4390	−0.033%	$405K	$978K	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4401	+0.219%	$78K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4398	+0.155%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4402	+0.246%	$458	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4415	+0.542%	$130K	$481K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4406	+0.334%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4406	+0.330%	$398K	$787K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4404	+0.285%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0148%	1h	0.4402	+0.255%	$38.5M	$24.0M	10x	as long as short
Phemex ONDOUSDT	+0.0177%	4h	0.4397	+0.132%	$4.2M	$7.5M	50x	as long as short
Backpack ONDO_USDC_PERP	+0.0199%	1h	0.4398	+0.164%	$191K	$982K	15x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4396	+0.112%	$35K	$225K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4422	+0.701%	$284K	$706K	50x	as long as short
01 Exchange ONDOUSD	+0.0368%	1h	0.4410	+0.421%	$363	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0432%	1h	0.4402	+0.246%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0550% / S −0.0190%	1h	0.4396	+0.110%	$485K	—	100x	as long as short
Lighter ONDO	+0.0648%	1h	0.4408	+0.378%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1149%	1h	0.4398	+0.154%	$2K	—	20x	as long as short