ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.3574%/8h= +391.3% APRnext payment +$4.47 per $10,000 · paid last 24h +1.203%

Price spread now: dYdX against Polymarket Perps−0.137%7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs+$203as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$850.848% of the position

Long on Polymarket Perps Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+2.874%+$287 on $10k

Price spread, last 4 days (all we have)−0.166%−$17 · spread now −0.137%, 7d avg −0.080%

Together, before fees+2.707%+$271 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.057% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.137% now, against its 7-day average of −0.080%). If the spread goes back, that is −$6 on $10k: about 1 hour of funding at the current rate (+$107 a day). At the pace of the last 7 days (+2.874% in total) that is about 3 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ONDO-USD	0.4300	0.0100	pay 0.0013% / 1h	28m 23s	$53K	$1.2M	10x
Short	dYdX ONDO-USD	0.4294	0.3674	get 0.0459% / 1h	28m 23s	$246K	$159K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Polymarket 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 Polymarket PerpsbpFee dYdXbpOrdersPrice spread, now −0.137%Rate

Funding earned: $750.51
Price spread: −0.137% → −0.080%: −$5.69
Slippage, 4 orders: −$66.84
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: $659.98
Costs to cover: 0.848%
Break-even: 0.8 days

Slippage from Polymarket Perps: live order book, 3 min ago; dYdX: live order book, 14 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 Polymarket Perps live order book, 3 min ago	2.56 bp	7.2 bp −$7	7.9 bp −$79	doesn't fit	doesn't fit
Sell dYdX live order book, 14 min ago	21.93 bp	41.5 bp −$41	169.5 bp −$1,695	248.8 bp −$24.9K	525.3 bp −$262.6K

ONDO on 39 exchanges

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	−0.0259%	1h	0.4295	−0.105%	$2.5M	$6.7M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4296	−0.088%	$21K	$354K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4299	−0.026%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+6.237%	$888	$214K	5.5x	as long as short
Bybit ONDOUSDT	+0.0065%	4h	0.4297	−0.065%	$67.2M	$111.4M	50x	as long as short
Lighter ONDO	+0.0096%	1h	0.4297	−0.065%	$1.0M	$2.1M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4295	−0.112%	$23K	$7K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4302	+0.049%	$36.2M	$26.2M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4300	+0.004%	$766K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4300	−0.006%	$61.9M	$208.8M	75x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4298	−0.042%	$17.2M	$64.7M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4288	−0.281%	$69K	$64K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4294	−0.128%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4293	−0.158%	$14.3M	$12.9M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4297	−0.065%	$43.9M	$39.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4296	−0.088%	$12.9M	$8.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4299	−0.019%	$25.0M	$30.0M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4297	−0.065%	—	$23.5M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4295	−0.105%	$178K	$984K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4300	+0.011%	$619K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4304	+0.093%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4301	+0.031%	$407K	$2.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4304	+0.098%	$85K	$348K	50x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4298	−0.053%	$329K	$810K	10x	as long as short
Polymarket Perps ONDO-USDlong	+0.0100%	1h	0.4300	long leg	$53K	$1.2M	10x
SunX ONDO-USDT	+0.0100%	4h	0.4295	−0.112%	—	$1.2M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4296	−0.088%	$447	$17K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4303	+0.074%	$105K	$432K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4297	−0.065%	$4.1M	$8.3M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4289	−0.241%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4291	−0.193%	$348K	$721K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4297	−0.065%	$37K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0160%	1h	0.4298	−0.047%	$354	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0160% / S +0.0063%	1h	0.4299	−0.024%	$272K	—	100x	as long as short
Phoenix ONDO	+0.0167%	1h	0.4299	−0.009%	$35K	$204K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0240%	1h	0.4303	+0.074%	$212K	$547K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4296	−0.088%	$3.2M	$2.9M	75x	as long as short
Reya ONDORUSDPERP	+0.1169%	1h	0.4298	−0.036%	$2K	—	20x	as long as short
dYdX ONDO-USDshort	+0.3674%	1h	0.4294	−0.137%	$246K	$159K	5x