All ONDO pairs

ONDO funding carry: dYdX vs Hyperliquid

Entering and exiting this pair costs 19 bps of notional at taker fees (5 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
261.94%
Net APY on $10k
203.59%
Break-even
37.42h
Net positive for
95m
  • Net positive for only 95 min — needs ~37.42h to break even on entry/exit costs.
Short
dydx perp
ONDO/USD
Trade on dydx
Long
hyperliquid perp
ONDO/USDC
Trade on hyperliquid

Last 30 days

Above its costs
5.2% of the time
Net APY when above costs
88.47%
Net APY when below costs
-94.42%
Best single hour
110.00%

Measured on 420 hours of ranking we recorded ourselves.

To keep this comparison honest, 835 outlier samples above 110.00% APY were capped; they are not tradable estimates.

Round-trip cost

Venue Taker Maker Perp instrument
dYdX 5 1 ONDO-USD
Hyperliquid 4.5 1.5 ONDO

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% 333h (13d) 88h (3d)
10% 166h (6d) 44h
20% 83h (3d) 22h
50% 33h 9h