TON funding rates and arbitrage

TON perpetuals trade on 2 contracts across 2 venues, forming 1 cross-venue arbitrage pairs. By net APR the current best pair is long Bitfinex against short Coinbase, netting +3.50%, though note the legs settle on different cadences (8h / 1h)。

TON perpetual funding rates by venue

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

Venue	Contract	Margin	Settlement	Current rate	APR	24h avg APR	24h volume	Mark
Coinbase	TON-PERP	USDC	1h	0.0004%	+3.50%	+3.50%	$619K	1.623
Bitfinex	tTONF0:USTF0	USDT	8h	0.0000%	0.00%	-7.85%	$8K	1.354

TON cross-venue arbitrage pairs

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

Long	Short	Net APR	Daily	24h avg	Settlement	Liquidity
Bitfinex USDT	Coinbase USDC	+3.50%	0.0096%	+11.35%	8h / 1h	$8K

Tokamak Network project profile

Website X (Twitter)

Key facts

Total: 106.97M
Max supply: unlimited
Type: Token
Market cap rank: #789

Tokenized AssetsBNB Chain EcosystemSolana EcosystemTokenized StocksEthereum EcosystemReal World Assets (RWA)Ondo Tokenized Assets

Contract addresses

ethereum0x3361a73262199873b74d6835760a59b8817fa592

binance0x4255279af47cf10efb9a5c8839f90170f4ef759f

solanaWKMZummev5UcXz5nNKQZvTD6QjNSM2X58uwmDReondo

Block explorers

etherscan.io intel.arkm.com ethplorer.io bscscan.com binplorer.com solscan.io

About

Ton is the Ondo Tokenized version of the AT&T, giving tokenholders economic exposure similar to holding T and reinvesting any dividends. Ondo tokenized stocks enable non-US retail and institutional users around the world to instantly mint and redeem tokenized U.S. stocks and ETFs, 24 hours a day, five days a week with full access to traditional exchange liquidity. Additional restrictions apply. Learn more at ondo.finance/global-markets.

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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