ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1313%/8h= −143.8% APRnext payment −$1.64 per $10,000 · paid last 24h −0.255%

Price spread now: Kraken Futures against Reya−0.074%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 Kraken Futures

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 −$39 a day on $10k at the current rate, and Kraken Futures is 0.074% cheaper against Reya than usual: you would sell low and buy high (−$7 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	0.4388	0.1153	pay 0.0144% / 1h	43m 02s	$2K	—	20x
Short	Kraken Futures PF_ONDOUSD	0.4385	−0.0160	pay 0.0020% / 1h	43m 02s	$2.6M	$7.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.074%Rate

Funding earned: −$275.71
Price spread: −0.074% → 0.000%: −$7.4
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$299.11
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Kraken Futures: live order book, 1 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 Kraken Futures live order book, 1 min ago	5.70 bp	15.7 bp −$16	23.1 bp −$231	472.0 bp −$47.2K	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_ONDOUSDshort	−0.0160%	1h	0.4385	−0.074%	$2.6M	$7.8M	50x
dYdX ONDO-USD	0.0000%	1h	0.4386	−0.039%	$248K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4385	−0.071%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.103%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4391	+0.071%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4386	−0.045%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4387	−0.028%	$362K	$847K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4384	−0.097%	$63.4M	$230.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4382	−0.136%	$68.0M	$126.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4384	−0.091%	$17.2M	$73.0M	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	0.4382	−0.134%	$72K	$84K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4386	−0.049%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4385	−0.068%	$11.7M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4386	−0.045%	$44.0M	$41.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4387	−0.022%	$12.7M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4383	−0.114%	$25.1M	$40.0M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4385	−0.068%	—	$762K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4388	+0.003%	$185K	$981K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4386	−0.051%	$716K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4390	+0.057%	$4K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4391	+0.070%	$409K	$1.2M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4385	−0.068%	$135K	$353K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4387	−0.018%	$66K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4387	−0.022%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4387	−0.022%	$456	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4395	+0.160%	$130K	$432K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4387	−0.022%	$4.3M	$7.9M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4388	0.000%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4383	−0.124%	$395K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4388	0.000%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0176%	1h	0.4387	−0.031%	$361	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0206%	1h	0.4387	−0.022%	$18K	$367K	25x	as long as short
Aster ONDOUSDT	+0.0210%	4h	0.4387	−0.022%	$784K	$2.5M	20x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4390	+0.046%	$260K	$739K	50x	as long as short
Hyperliquid ONDO	+0.0296%	1h	0.4390	+0.046%	$37.7M	$24.6M	10x	as long as short
Phoenix ONDO	+0.0327%	1h	0.4391	+0.073%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4389	+0.023%	$3.1M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0556% / S −0.0193%	1h	0.4384	−0.082%	$488K	—	100x	as long as short
Reya ONDORUSDPERPlong	+0.1153%	1h	0.4388	long leg	$2K	—	20x