ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.23 per $10,000 · paid last 24h −0.133%

Price spread now: Nado against Coinbase International+0.158%7-day average −0.235% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$560.564% of the position

Long on Coinbase International Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.467%−$47 on $10k

Price spread, last 3 days (all we have)−0.382%−$38 · spread now +0.158%, 7d avg −0.235%

Together, before fees−0.849%+ Points / potential airdropNado: Active · farm board−$85 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.393% dearer against Coinbase International than usual: you sell high and buy low (spread +0.158% now, against its 7-day average of −0.235%): +$39 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 7.3 days. At the pace of the last 3 days (−0.467% in total) that is about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ONDO-PERP-INTX	0.4597	0.0280	pay 0.0035% / 1h	10m 40s	$299K	$817K	50x
Short	Nado ONDO-PERP	0.4604	0.0100	get 0.0012% / 1h	10m 40s	$432K	$706K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.158%Rate

Funding earned: −$37.8
Price spread: +0.158% → −0.235%: $39.31
Slippage, 4 orders: −$39.4
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$54.89
Costs to cover: 0.564%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 63 min ago; Nado: live order book, 62 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, 63 min ago	8.77 bp	25.9 bp −$26	46.2 bp −$462	doesn't fit	doesn't fit
Sell Nado live order book, 62 min ago	0.66 bp	9.7 bp −$10	20.3 bp −$203	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	−0.0869%	1h	0.4599	+0.035%	$2.8M	$7.9M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4607	+0.213%	$261K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4598	+0.022%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−0.631%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4598	+0.022%	$25K	$6K	10x	as long as short
Nado ONDO-PERPshort	+0.0100%	1h	0.4604	+0.158%	$432K	$706K	10x
Binance ONDOUSDT	+0.0100%	4h	0.4612	+0.316%	$69.0M	$221.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4609	+0.261%	$74.2M	$119.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4606	+0.196%	$17.6M	$77.9M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4625	+0.613%	$73K	$92K	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	0.4607	+0.209%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4607	+0.218%	$12.1M	$16.8M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4607	+0.218%	$49.8M	$42.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4610	+0.283%	$14.3M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4607	+0.218%	$26.2M	$38.7M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4607	+0.218%	—	$22.1M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4599	+0.038%	$817K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4615	+0.399%	$5K	$321K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4614	+0.362%	$426K	$967K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4616	+0.413%	$172K	$336K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4611	+0.302%	$74K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4599	+0.044%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4599	+0.044%	$478	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4608	+0.239%	$135K	$492K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4598	+0.022%	$4.5M	$7.1M	50x	as long as short
Aster ONDOUSDT	+0.0101%	4h	0.4609	+0.258%	$727K	$2.1M	20x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4608	+0.247%	$7K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4605	+0.184%	$417K	$823K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4602	+0.109%	$40K	$13K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0118%	1h	0.4598	+0.017%	$232K	$1.0M	15x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0185%	1h	0.4600	+0.065%	$34K	$342K	25x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4613	+0.348%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0272%	1h	0.4610	+0.285%	$379	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTXlong	+0.0280%	1h	0.4597	long leg	$299K	$817K	50x
BloFin ONDO-USDT	+0.0340%	4h	0.4603	+0.131%	$3.3M	$3.0M	75x	as long as short
Hyperliquid ONDO	+0.0367%	1h	0.4614	+0.363%	$41.0M	$25.1M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0592% / S −0.0188%	1h	0.4597	+0.007%	$549K	—	100x	as long as short
Lighter ONDO	+0.0656%	1h	0.4620	+0.492%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1146%	1h	0.4605	+0.169%	$2K	—	20x	as long as short