All ONDO pairs

ONDO funding carry: Binance vs dYdX

Entering and exiting this pair costs 2E+1 bps of notional at taker fees (6 bps at maker). Funding has to pay that back before the trade is worth anything — here is how long that takes.

Right now

Gross funding APR
264.90%
Net APY on $10k
207.64%
Break-even
36.31h
Net positive for
97m
  • Net positive for only 97 min — needs ~36.31h to break even on entry/exit costs.
Short
dydx perp
ONDO/USD
Trade on dydx
Long
binance perp
ONDO/USDT
Trade on binance

Last 30 days

Above its costs
6.1% of the time
Net APY when above costs
81.51%
Net APY when below costs
-96.86%
Best single hour
110.00%

Measured on 420 hours of ranking we recorded ourselves.

To keep this comparison honest, 864 outlier samples above 110.00% APY were capped; they are not tradable estimates.

Round-trip cost

Venue Taker Maker Perp instrument
Binance 5 2 ONDOUSDT
dYdX 5 1 ONDO-USD

Other ONDO pairs

How long funding takes to repay the entry

At a given gross funding APR, this is how many hours you must hold before the position has paid back entry and exit. Below that, a positive APR is still a loss.

Gross funding APR Taker in / out Maker in / out
5% 350h (14d) 105h (4d)
10% 175h (7d) 53h (2d)
20% 88h (3d) 26h
50% 35h 11h