ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0176%/8h= −19.3% APRnext payment −$0.22 per $10,000 · paid last 24h −0.099%

Price spread now: Extended against Coinbase International−0.157%7-day average −0.263% · you buy dearer than you sell

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$590.590% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.736%−$74 on $10k

Price spread, last 4 days (all we have)−0.054%−$5 · spread now −0.157%, 7d avg −0.263%

Together, before fees−0.790%+ Points / potential airdropExtended: Active · farm board−$79 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.107% dearer against Coinbase International than usual: you sell high and buy low (spread −0.157% now, against its 7-day average of −0.263%): +$11 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ONDO-PERP-INTX	0.4325	0.0280	pay 0.0035% / 1h	1m 55s	$214K	$733K	50x
Short	Extended ONDO-USD	0.4318	0.0104	get 0.0013% / 1h	1m 55s	$364K	$823K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Coinbase International. 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 Coinbase InternationalbpFee ExtendedbpOrdersPrice spread, now −0.157%Rate

Funding earned: −$36.96
Price spread: −0.157% → −0.263%: $10.65
Slippage, 4 orders: −$43.99
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$85.3
Costs to cover: 0.590%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 36 min ago; Extended: live order book, 36 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 Coinbase International live order book, 36 min ago	9.26 bp	32.6 bp −$33	74.6 bp −$746	doesn't fit	doesn't fit
Sell Extended live order book, 36 min ago	3.47 bp	6.0 bp −$6	16.1 bp −$161	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	−0.0176%	1h	0.4319	−0.137%	$2.5M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4317	−0.182%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.618%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4324	−0.023%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4320	−0.110%	$345K	$889K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4322	−0.069%	$762K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4322	−0.069%	$63.1M	$234.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4321	−0.092%	$68.2M	$122.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4321	−0.092%	$17.3M	$71.7M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4329	+0.095%	$71K	$81K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4320	−0.123%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4320	−0.116%	$13.0M	$15.9M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4320	−0.116%	$44.1M	$42.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4319	−0.139%	$12.1M	$10.4M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4320	−0.116%	$24.6M	$36.7M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4321	−0.092%	—	$777K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4320	−0.104%	$175K	$999K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4323	−0.048%	$679K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4321	−0.087%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4323	−0.048%	$408K	$1.6M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4322	−0.069%	$134K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4322	−0.062%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4318	−0.162%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4319	−0.139%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4320	−0.116%	$2K	$15K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4329	+0.092%	$128K	$369K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4319	−0.139%	$4.2M	$8.9M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4320	−0.114%	$6K	—	10x	as long as short
Extended ONDO-USDshort	+0.0104%	1h	0.4318	−0.157%	$364K	$823K	25x
Aevo ONDO-PERP	+0.0104%	1h	0.4321	−0.088%	$37K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0264%	1h	0.4323	−0.051%	$356	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTXlong	+0.0280%	1h	0.4325	long leg	$214K	$733K	50x
Phoenix ONDO	+0.0315%	1h	0.4328	+0.074%	$35K	$221K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4320	−0.116%	$3.2M	$3.1M	75x	as long as short
Hyperliquid ONDO	+0.0430%	1h	0.4326	+0.023%	$36.6M	$27.2M	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0445%	1h	0.4321	−0.092%	$18K	$351K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0573% / S −0.0203%	1h	0.4317	−0.176%	$494K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1161%	1h	0.4320	−0.125%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1718%	1h	0.4318	−0.168%	$242K	$155K	5x	as long as short