ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Extended against Polymarket Perps−0.012%7-day average −0.115% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$290.295% of the position

Long on Polymarket Perps Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)−0.250%−$25 · spread now −0.012%, 7d avg −0.115%

Together, before fees−0.226%+ Points / potential airdropExtended: Active · farm board−$23 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.103% dearer against Polymarket Perps than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.115%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ONDO-USD	0.4383	0.0100	pay 0.0013% / 1h	20m 26s	$68K	$1.4M	10x
Short	Extended ONDO-USD	0.4383	0.0104	get 0.0013% / 1h	20m 26s	$395K	$798K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.012%Rate

Funding earned: $0.84
Price spread: −0.012% → −0.115%: $10.27
Slippage, 4 orders: −$16.46
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$18.35
Costs to cover: 0.295%
Break-even: 159.9 days

Slippage from Polymarket Perps: live order book, 3 min ago; Extended: live order book, 38 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	1.94 bp	9.2 bp −$9	9.4 bp −$94	doesn't fit	doesn't fit
Sell Extended live order book, 38 min ago	4.57 bp	7.2 bp −$7	19.4 bp −$194	doesn't fit	doesn't fit

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
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4383	−0.018%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4385	+0.039%	$2.6M	$7.8M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.211%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4390	+0.148%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4383	−0.009%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4383	−0.015%	$362K	$855K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4387	+0.091%	$37.6M	$24.7M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4385	+0.028%	$63.3M	$230.7M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4382	−0.032%	$67.7M	$126.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4385	+0.037%	$17.1M	$73.1M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4398	+0.324%	$72K	$85K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4382	−0.025%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4383	−0.009%	$11.6M	$16.4M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4383	−0.009%	$44.2M	$42.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4383	−0.009%	$12.7M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4384	+0.014%	$25.1M	$39.8M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4383	−0.009%	—	$21.9M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4387	+0.075%	$187K	$977K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4384	+0.007%	$711K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4388	+0.108%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4390	+0.151%	$411K	$1.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4392	+0.196%	$135K	$355K	50x	as long as short
Polymarket Perps ONDO-USDlong	+0.0100%	1h	0.4383	long leg	$68K	$1.4M	10x
SunX ONDO-USDT	+0.0100%	4h	0.4388	+0.105%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4387	+0.082%	$456	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4395	+0.265%	$127K	$430K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4386	+0.059%	$4.2M	$7.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4382	−0.032%	$6K	—	10x	as long as short
Extended ONDO-USDshort	+0.0104%	1h	0.4383	−0.012%	$395K	$798K	25x
Aevo ONDO-PERP	+0.0104%	1h	0.4386	+0.071%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0208%	1h	0.4383	−0.016%	$361	$2K	10x	as long as short
Aster ONDOUSDT	+0.0223%	4h	0.4386	+0.064%	$758K	$2.5M	20x	as long as short
dYdX ONDO-USD	+0.0303%	1h	0.4384	+0.017%	$248K	$129K	5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4404	+0.470%	$272K	$730K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4387	+0.082%	$3.1M	$3.0M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4392	+0.187%	$35K	$223K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0434%	1h	0.4388	+0.105%	$18K	$367K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0607% / S −0.0219%	1h	0.4382	−0.032%	$521K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1152%	1h	0.4383	+0.001%	$2K	—	20x	as long as short