ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0295%/8h= −32.3% APRnext payment −$0.37 per $10,000 · paid last 24h −0.953%

Price spread now: Injective against Coinbase International−0.265%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−4.173%−$417 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Injective is 0.265% cheaper against Coinbase International than usual: you would sell low and buy high (−$26 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ONDO-PERP-INTX	0.4534	0.0328	pay 0.0041% / 1h	34m 28s	$305K	$841K	50x
Short	Injective ONDO/USDC PERP	0.4522	0.0033	get 0.0004% / 1h	34m 28s	$1K	$132K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.265%Rate

Funding earned: −$61.88
Price spread: −0.265% → 0.000%: −$26.47
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$98.37
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 53 min ago; Injective: no order-book sample. Net counts fees only.

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, 53 min ago	14.46 bp	26.0 bp −$26	64.2 bp −$642	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1122%	1h	0.4535	+0.013%	$3.0M	$7.7M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4536	+0.044%	$29K	$354K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4522	−0.254%	$6K	—	150x	as long as short
Phoenix ONDO	+0.0018%	1h	0.4521	−0.291%	$29K	$222K	10x	as long as short
Injective ONDO/USDC PERPshort	+0.0033%	1h	0.4522	−0.265%	$1K	$132K	5.5x
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4533	−0.022%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4524	−0.226%	$425K	$677K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4528	−0.135%	$759K	$2.0M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4523	−0.240%	$66.5M	$219.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4521	−0.287%	$73.4M	$117.8M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4520	−0.309%	$17.7M	$79.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4531	−0.071%	$72K	$85K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4522	−0.258%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4526	−0.176%	$11.8M	$18.7M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4523	−0.243%	$47.7M	$45.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4524	−0.221%	$13.8M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4523	−0.243%	$25.5M	$41.1M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4525	−0.199%	—	$22.8M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4537	+0.077%	$196K	$970K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4528	−0.125%	$791K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4518	−0.353%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4536	+0.044%	$418K	$936K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4536	+0.044%	$160K	$330K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4522	−0.254%	$80K	$1.0M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4534	0.000%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4534	0.000%	$471	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4543	+0.199%	$126K	$512K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4535	+0.022%	$4.8M	$6.2M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4525	−0.188%	$6K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4525	−0.193%	$403K	$990K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4536	+0.055%	$36K	—	3x	as long as short
Hyperliquid ONDO	+0.0169%	1h	0.4529	−0.101%	$40.8M	$27.5M	10x	as long as short
Coinbase International ONDO-PERP-INTXlong	+0.0328%	1h	0.4534	long leg	$305K	$841K	50x
BloFin ONDO-USDT	+0.0340%	4h	0.4538	+0.088%	$3.2M	$3.0M	75x	as long as short
01 Exchange ONDOUSD	+0.0424%	1h	0.4527	−0.146%	$373	$2K	10x	as long as short
Lighter ONDO	+0.0520%	1h	0.4536	+0.044%	$1.4M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0618% / S −0.0203%	1h	0.4523	−0.253%	$562K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1138%	1h	0.4525	−0.198%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.9791%	1h	0.4528	−0.137%	$256K	$123K	5x	as long as short