ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0036%/8h= +4.0% APRnext payment +$0.05 per $10,000 · paid last 24h +0.147%

Price spread now: Coinbase International against ApeX Omni−0.996%75s7-day average +0.201% · you buy dearer than you sell

Net, funding: paid 7d − costs+$15as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$610.610% of the position

Long on ApeX Omni Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.759%+$76 on $10k

Price spread, last 3 days (all we have)+1.346%+$135 · spread now −0.996%, 7d avg +0.201%

Together, before fees+2.105%+$211 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 1.197% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.996% now, against its 7-day average of +0.201%). If the spread goes back, that is −$120 on $10k: about 4 months of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.759% in total) that is about 11 days. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ONDOUSDT	0.4620	0.0244	pay 0.0030% / 1h	35m 42s	$163K	$333K	50x
Short	Coinbase International ONDO-PERP-INTX	0.4574	0.0280	get 0.0035% / 1h	35m 42s	$301K	$867K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee Coinbase InternationalbpOrdersPrice spread, now −0.996%Rate

Funding earned: $7.58
Price spread: −0.996% → +0.201%: −$119.71
Slippage, 4 orders: −$41.01
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$173.14
Costs to cover: 0.610%
Break-even: 167.0 days

Slippage from ApeX Omni: live order book, 47 min ago; Coinbase International: live order book, 48 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 47 min ago	2.20 bp	10.5 bp −$11	27.7 bp −$277	doesn't fit	doesn't fit
Sell Coinbase International live order book, 48 min ago	5.53 bp	28.0 bp −$28	72.3 bp −$723	doesn't fit	doesn't fit

ONDO on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ONDOUSD	−0.0353%	1h	0.4558	−1.346%	$2.8M	$7.9M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4563	−1.227%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4562	−1.255%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4566	−1.169%	$431K	$697K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4555	−1.407%	$739K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4555	−1.406%	$67.0M	$225.3M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4556	−1.385%	$74.2M	$120.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4555	−1.407%	$17.7M	$81.3M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4573	−1.022%	$74K	$86K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4565	−1.192%	—	—	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ONDO_USDT	+0.0100%	4h	0.4551	−1.494%	$11.8M	$18.3M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4554	−1.429%	$47.8M	$44.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4553	−1.450%	$13.8M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4553	−1.450%	$25.8M	$41.7M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4553	−1.450%	—	$743K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4560	−1.290%	$221K	$999K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4546	−1.602%	$798K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4609	−0.246%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4598	−0.475%	$431K	$938K	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4565	−1.201%	$74K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4561	−1.277%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4561	−1.277%	$474	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4572	−1.039%	$133K	$512K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4559	−1.320%	$4.8M	$6.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4554	−1.431%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4552	−1.478%	$405K	$857K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4566	−1.169%	$44K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4553	−1.444%	$29K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4601	−0.411%	$894	$181K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0188%	1h	0.4564	−1.212%	$26K	$396K	25x	as long as short
ApeX Omni ONDOUSDTlong	+0.0244%	1h	0.4620	long leg	$163K	$333K	50x
Coinbase International ONDO-PERP-INTXshort	+0.0280%	1h	0.4574	−0.996%	$301K	$867K	50x
BloFin ONDO-USDT	+0.0340%	4h	0.4568	−1.126%	$3.2M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0408%	1h	0.4568	−1.128%	$376	$2K	10x	as long as short
Hyperliquid ONDO	+0.0488%	1h	0.4558	−1.351%	$40.8M	$27.5M	10x	as long as short
Lighter ONDO	+0.0592%	1h	0.4563	−1.223%	$1.4M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0594% / S −0.0191%	1h	0.4562	−1.265%	$549K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1141%	1h	0.4564	−1.209%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1481%	1h	0.4554	−1.418%	$258K	$130K	5x	as long as short