ON funding rates and arbitrage

ON perpetuals trade on 9 contracts across 8 venues, forming 35 cross-venue arbitrage pairs. By net APR the current best pair is long Bybit against short Aster, netting +19.68%, though note the legs settle on different cadences (8h / 4h)ใ€‚

ON perpetual funding rates by venue

APR = current rate ร— (24 รท settlement interval) ร— 365. Venues settle on different cadences, so rates must be annualised before comparing.

VenueContractMarginSettlementCurrent rateAPR24h avg APR24h volumeMark
BingXON-USDTUSDT4h0.0050%+10.95%+10.95%$6.6M0.12750
BinanceONUSDTUSDT4h0.0050%+10.95%+10.95%$3.3M0.12750
KuCoinONUSDTMUSDT4h0.0050%+10.95%+112.54%$240K0.12733
MEXCON_USDTUSDT4h0.0050%+10.95%+10.95%$157K0.12750
GateON_USDTUSDT4h0.0050%+10.95%+17.60%$150K0.12738
MEXCONSTOCK_USDTUSDT8h0.0000%0.00%0.00%$110K73.490
BybitONUSDTUSDT8h0.0000%0.00%0.00%$96K73.410
AsterONUSDTUSDT4h0.0090%+19.68%+57.11%$57K0.12727
OKXON-USDT-SWAPUSDT8h0.0000%0.00%0.00%$52K73.390

ON cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg โˆ’ long leg.

LongShortNet APRDaily24h avgSettlementLiquidity
Bybit USDTAster USDT+19.68%0.0539%+57.11%8h / 4h$57K
MEXC USDTAster USDT+19.68%0.0539%+57.11%8h / 4h$57K
OKX USDTAster USDT+19.68%0.0539%+57.11%8h / 4h$52K
Bybit USDTBinance USDT+10.95%0.0300%+10.95%8h / 4h$96K
MEXC USDTBinance USDT+10.95%0.0300%+10.95%8h / 4h$110K
OKX USDTBinance USDT+10.95%0.0300%+10.95%8h / 4h$52K
Bybit USDTBingX USDT+10.95%0.0300%+10.95%8h / 4h$96K
MEXC USDTBingX USDT+10.95%0.0300%+10.95%8h / 4h$110K
OKX USDTBingX USDT+10.95%0.0300%+10.95%8h / 4h$52K
Bybit USDTGate USDT+10.95%0.0300%+17.60%8h / 4h$96K
Bybit USDTKuCoin USDT+10.95%0.0300%+112.54%8h / 4h$96K
Bybit USDTMEXC USDT+10.95%0.0300%+10.95%8h / 4h$96K

Orochi Network project profile

Key facts
Total
700.00M
Max supply
1.00B
Type
Token
Market cap rank
#901
Tokenized AssetsTokenized StocksReal World Assets (RWA)Robinhood Chain Stocks EcosystemRobinhood Ecosystem
Contract addresses
robinhood0xbbd09f72b025360fee5c928053dca6248d35be54
About

Robinhood ON is a tokenized representation of ON Semiconductor Corporation (ON) common stock, issued on Robinhood Chain, Robinhood's own blockchain built to bring tokenized real-world assets on-chain. Each token is designed to track the price of the underlying ON share, giving holders on-chain price exposure to ON Semiconductor Corporation's stock. The token is freely transferable and composable across the Robinhood Chain ecosystem. It's part of Robinhood's broader initiative to expand access to tokenized U.S. equities via blockchain technology, alongside a wider lineup of tokenized stock tokens launching on the same network.

Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.

Funding rates for other coins

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