ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1113%/8h= −121.8% APRnext payment −$1.39 per $10,000 · paid last 24h −0.944%

Price spread now: Injective against Reya−0.193%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Injective

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

Both sides work against this trade now: funding costs −$33 a day on $10k at the current rate, and Injective is 0.193% cheaper against Reya than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ONDORUSDPERP	0.4577	0.1146	pay 0.0143% / 1h	4m 42s	$2K	—	20x
Short	Injective ONDO/USDC PERP	0.4568	0.0033	get 0.0004% / 1h	4m 42s	$888	$216K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.193%Rate

Funding earned: −$233.65
Price spread: −0.193% → 0.000%: −$19.32
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$258.99
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Reya: 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 Reya no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Reya 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 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	−0.0873%	1h	0.4577	−0.002%	$2.8M	$7.9M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4584	+0.165%	$259K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4575	−0.040%	$6K	—	150x	as long as short
Injective ONDO/USDC PERPshort	+0.0033%	1h	0.4568	−0.193%	$888	$216K	5.5x
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4576	−0.018%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4576	−0.008%	$429K	$705K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4587	+0.221%	$723K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4582	+0.113%	$68.6M	$221.2M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4582	+0.113%	$73.8M	$119.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4583	+0.135%	$17.6M	$77.4M	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	0.4577	+0.008%	$73K	$92K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4581	+0.095%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4582	+0.113%	$12.0M	$16.8M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4583	+0.135%	$49.2M	$42.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4588	+0.244%	$14.2M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4583	+0.135%	$26.0M	$38.6M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4581	+0.091%	—	$744K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4576	−0.026%	$812K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4596	+0.421%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4601	+0.533%	$425K	$967K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4604	+0.593%	$172K	$332K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4579	+0.043%	$73K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4577	+0.003%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4579	+0.047%	$476	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4589	+0.266%	$135K	$492K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4579	+0.047%	$4.5M	$7.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4589	+0.266%	$7K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4580	+0.073%	$415K	$823K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4580	+0.069%	$40K	$13K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0110%	1h	0.4579	+0.038%	$230K	$999K	15x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4586	+0.191%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0280%	1h	0.4587	+0.222%	$378	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4596	+0.419%	$300K	$816K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4580	+0.069%	$3.3M	$2.9M	75x	as long as short
Hyperliquid ONDO	+0.0388%	1h	0.4595	+0.388%	$40.9M	$24.8M	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0406%	1h	0.4579	+0.047%	$33K	$340K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0590% / S −0.0188%	1h	0.4575	−0.034%	$546K	—	100x	as long as short
Lighter ONDO	+0.0696%	1h	0.4594	+0.366%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERPlong	+0.1146%	1h	0.4577	long leg	$2K	—	20x