ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.1047%/8h= −114.6% APRnext payment −$1.31 per $10,000 · paid last 24h −0.306%

Price spread now: Backpack against Reya+0.172%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Backpack is 0.172% dearer against Reya than usual: you sell high and buy low (spread +0.172% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$31 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ONDORUSDPERP	0.4445	0.1147	pay 0.0143% / 1h	46m 20s	$2K	—	20x
Short	Backpack ONDO_USDC_PERP	0.4453	0.0100	get 0.0013% / 1h	46m 20s	$202K	$1.0M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Reya. 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 ReyabpFee BackpackbpOrdersPrice spread, now +0.172%Rate

Funding earned: −$219.79
Price spread: +0.172% → 0.000%: $17.16
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$218.63
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Backpack: live order book, 3 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 Reya no order-book sample	—	—	—	—	—
Sell Backpack live order book, 3 min ago	2.24 bp	10.5 bp −$11	doesn't fit	doesn't fit	doesn't fit

Reya: 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	−0.0359%	1h	0.4447	+0.038%	$2.7M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4452	+0.148%	$252K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0007%	1h	0.4443	−0.054%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+2.761%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4445	−0.006%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4443	−0.051%	$405K	$780K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4447	+0.039%	$684K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4446	+0.009%	$65.5M	$227.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4446	+0.016%	$71.6M	$122.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4448	+0.061%	$17.1M	$76.3M	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	0.4464	+0.426%	$73K	$90K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4443	−0.044%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4444	−0.029%	$11.7M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4444	−0.029%	$44.9M	$42.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4443	−0.051%	$13.4M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4446	+0.016%	$25.1M	$39.9M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4445	−0.006%	—	$755K	—	as long as short
Backpack ONDO_USDC_PERPshort	+0.0100%	1h	0.4453	+0.172%	$202K	$1.0M	15x
Variational Omni ONDO	+0.0100%	4h	0.4446	+0.012%	$791K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4470	+0.566%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4470	+0.558%	$421K	$952K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4470	+0.556%	$165K	$356K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4446	+0.016%	$76K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4447	+0.039%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4448	+0.061%	$462	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4468	+0.511%	$131K	$500K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4450	+0.109%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4446	+0.025%	$402K	$816K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4449	+0.084%	$39K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0258%	1h	0.4449	+0.079%	$39.3M	$25.4M	10x	as long as short
01 Exchange ONDOUSD	+0.0328%	1h	0.4447	+0.050%	$366	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4469	+0.534%	$290K	$800K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4476	+0.680%	$36K	$231K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4471	+0.579%	$3.2M	$3.0M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0425%	1h	0.4447	+0.039%	$32K	$339K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0579% / S −0.0186%	1h	0.4444	−0.029%	$530K	—	100x	as long as short
Phemex ONDOUSDT	+0.0588%	4h	0.4458	+0.286%	$4.3M	$7.3M	50x	as long as short
Lighter ONDO	+0.0648%	1h	0.4454	+0.192%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERPlong	+0.1147%	1h	0.4445	long leg	$2K	—	20x