ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0149%/8h= +16.3% APRnext payment +$0.19 per $10,000 · paid last 24h +0.068%

Price spread now: Hyperliquid against SoDEX+0.135%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Hyperliquid

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 airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hyperliquid is 0.135% dearer against SoDEX than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ONDO-USD	0.4454	0.0100	pay 0.0013% / 1h	47m 18s	$463	$14K	10x
Short	Hyperliquid ONDO	0.4460	0.0249	get 0.0031% / 1h	47m 18s	$39.4M	$25.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against SoDEX. 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 SoDEXbpFee HyperliquidbpOrdersPrice spread, now +0.135%Rate

Funding earned: $31.21
Price spread: +0.135% → 0.000%: $13.47
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $27.69
Costs to cover: 0.170%
Break-even: 0.8 days

Slippage unknown: SoDEX: no order-book sample; Hyperliquid: live order book, 6 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 SoDEX no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 6 min ago	0.11 bp	8.0 bp −$8	doesn't fit	doesn't fit	doesn't fit

SoDEX: 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	0.4452	−0.042%	$2.7M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4454	+0.003%	$252K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0007%	1h	0.4454	−0.003%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+2.559%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4453	−0.022%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4459	+0.107%	$406K	$780K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4456	+0.035%	$686K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4453	−0.013%	$65.6M	$227.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4452	−0.045%	$71.7M	$122.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4452	−0.045%	$17.2M	$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	+0.229%	$73K	$92K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4458	+0.097%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4455	+0.022%	$11.7M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4453	−0.022%	$45.1M	$41.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4457	+0.067%	$13.5M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4453	−0.022%	$25.2M	$39.9M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4456	+0.045%	—	$22.3M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4465	+0.254%	$202K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4468	+0.310%	$791K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4470	+0.369%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4470	+0.360%	$421K	$952K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4470	+0.359%	$165K	$356K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4457	+0.072%	$77K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4455	+0.022%	—	$1.4M	20x	as long as short
SoDEX ONDO-USDlong	+0.0100%	1h	0.4454	long leg	$463	$14K	10x
HTX ONDO-USDT	+0.0100%	4h	0.4468	+0.314%	$131K	$500K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4461	+0.155%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4451	−0.059%	$402K	$816K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4454	+0.004%	$39K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0199%	1h	0.4455	+0.022%	$33K	$339K	25x	as long as short
Hyperliquid ONDOshort	+0.0249%	1h	0.4460	+0.135%	$39.4M	$25.4M	10x
01 Exchange ONDOUSD	+0.0320%	1h	0.4461	+0.162%	$367	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4469	+0.337%	$290K	$800K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4476	+0.483%	$36K	$231K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4471	+0.382%	$3.2M	$3.0M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0581% / S −0.0186%	1h	0.4453	−0.028%	$532K	—	100x	as long as short
Phemex ONDOUSDT	+0.0588%	4h	0.4458	+0.090%	$4.3M	$7.3M	50x	as long as short
Lighter ONDO	+0.0608%	1h	0.4460	+0.135%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1147%	1h	0.4456	+0.040%	$2K	—	20x	as long as short