ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0300%/8h= −32.8% APRnext payment −$0.37 per $10,000 · paid last 24h −0.057%

Price spread now: Backpack against 01 Exchange−0.037%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange 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—needs both histories

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Backpack is 0.037% cheaper against 01 Exchange than usual: you would sell low and buy high (−$4 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	01 Exchange ONDOUSD	0.4550	0.0400	pay 0.0050% / 1h	32m 30s	$374	$2K	10x
Short	Backpack ONDO_USDC_PERP	0.4548	0.0100	get 0.0013% / 1h	32m 30s	$232K	$1.0M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against 01 Exchange. 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 01 ExchangebpFee BackpackbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$63
Price spread: −0.037% → 0.000%: −$3.74
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$83.74
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Backpack: 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Backpack live order book, 1 min ago	2.85 bp	12.1 bp −$12	doesn't fit	doesn't fit	doesn't fit

01 Exchange: 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	−0.0354%	1h	0.4546	−0.083%	$2.8M	$7.9M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4549	−0.015%	$26K	$396K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4549	−0.007%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4549	−0.015%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4541	−0.180%	$429K	$699K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4547	−0.068%	$729K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4545	−0.099%	$67.1M	$225.7M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4542	−0.169%	$74.0M	$120.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4541	−0.191%	$17.7M	$81.1M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4538	−0.264%	$74K	$86K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4547	−0.061%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4543	−0.147%	$11.8M	$18.3M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4545	−0.103%	$47.7M	$44.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4544	−0.125%	$13.8M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4542	−0.169%	$25.7M	$41.8M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4545	−0.103%	—	$742K	—	as long as short
Backpack ONDO_USDC_PERPshort	+0.0100%	1h	0.4548	−0.037%	$232K	$1.0M	15x
Variational Omni ONDO	+0.0100%	4h	0.4567	+0.380%	$778K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4559	+0.195%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4561	+0.246%	$428K	$938K	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4544	−0.116%	$72K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4549	−0.015%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4548	−0.037%	$473	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4573	+0.512%	$133K	$512K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4546	−0.081%	$4.7M	$6.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4545	−0.098%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4545	−0.110%	$407K	$861K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4554	+0.086%	$44K	$8K	3x	as long as short
ApeX Omni ONDOUSDT	+0.0129%	1h	0.4560	+0.226%	$161K	$334K	50x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4569	+0.420%	$29K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4568	+0.402%	$888	$216K	5.5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4564	+0.314%	$300K	$865K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4549	−0.015%	$3.2M	$3.1M	75x	as long as short
01 Exchange ONDOUSDlong	+0.0400%	1h	0.4550	long leg	$374	$2K	10x
Hyperliquid ONDO	+0.0456%	1h	0.4550	+0.011%	$40.7M	$27.5M	10x	as long as short
Lighter ONDO	+0.0616%	1h	0.4555	+0.123%	$1.4M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0636% / S −0.0211%	1h	0.4549	−0.020%	$577K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1141%	1h	0.4542	−0.172%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.2136%	1h	0.4547	−0.051%	$257K	$129K	5x	as long as short