ONDO Funding Rate — live across 20 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized ONDO perpetual funding across all 20 venues Perpia tracks. Right now ONDO funding is positive on 17 and negative on 1, ranging from +47.1% on BackPack to -12.3% on KuCoin — a spread of 59.4%. The widest delta-neutral trade is long KuCoin / short BackPack at 55.7% net APR.
ONDO funding rate by venue
83 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| BackPack | +47.1% | 1h |
| Extended | +11.4% | 1h |
| Nado | +10.9% | 24h |
| Vest | +10.9% | 1h |
| OKX | +10.9% | 4h |
| Sodex | +10.9% | 1h |
| Gate.io | +10.9% | 4h |
| Bybit | +10.9% | 4h |
| Hyperliquid | +10.9% | 1h |
| EdgeX | +10.9% | 4h |
| Variational | +10.9% | 4h |
| Aster | +10.9% | 4h |
| BingX | +10.9% | 4h |
| Lighter | +10.5% | 8h |
| MEXC | +5.5% | 8h |
| Binance | +5.5% | 8h |
| Bitget | +3.7% | 4h |
| GMTrade | +0.0% | 1h |
| dYdX | +0.0% | 1h |
| KuCoin | -12.3% | 4h |
Rates annualized; updated ~every few minutes from live venue data.
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ONDO funding — FAQ
Is ONDO funding positive right now?
ONDO perpetual funding is positive on 17 of 20 venues Perpia tracks and negative on 1. The highest is +47.1% on BackPack; the lowest is -12.3% on KuCoin.
What is the best ONDO funding arbitrage right now?
Go long KuCoin and short BackPack for about 55.7% net APR after fees — the widest delta-neutral ONDO spread Perpia currently sees.
Which exchange has the highest ONDO funding rate?
BackPack, at +47.1% annualized. Funding shifts continuously, so check the live table above before trading.
How ONDO funding arbitrage works
Funding-rate arbitrage is delta-neutral: you go long the venue paying the most negative funding and short the one paying the most positive, so price moves cancel and you collect the spread. The catch is liquidity — a huge APR on a thin book caps at a few thousand dollars and often flips within hours. Perpia shows the max size after slippage and tracks whether a spread holds, so you filter instead of chasing the number.