ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0228%/8h= −25.0% APRnext payment −$0.29 per $10,000 · paid last 24h −0.117%

Price spread now: Polymarket Perps against Coinbase International−0.034%7-day average −0.166% · you buy dearer than you sell

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$530.530% of the position

Long on Coinbase International Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.757%−$76 on $10k

Price spread, last 4 days (all we have)−0.018%−$2 · spread now −0.034%, 7d avg −0.166%

Together, before fees−0.775%−$78 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.132% dearer against Coinbase International than usual: you sell high and buy low (spread −0.034% now, against its 7-day average of −0.166%): +$13 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ONDO-PERP-INTX	0.4402	0.0328	pay 0.0041% / 1h	0m 45s	$272K	$731K	50x
Short	Polymarket Perps ONDO-USD	0.4400	0.0100	get 0.0013% / 1h	0m 45s	$79K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$47.88
Price spread: −0.034% → −0.166%: $13.19
Slippage, 4 orders: −$34.99
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$87.67
Costs to cover: 0.530%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 58 min ago; Polymarket Perps: live order book, 3 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, 58 min ago	12.60 bp	21.8 bp −$22	54.0 bp −$540	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	1.59 bp	5.6 bp −$6	6.3 bp −$63	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
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4398	−0.095%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4398	−0.098%	$2.6M	$7.8M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.771%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4406	+0.095%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4397	−0.114%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4401	−0.011%	$364K	$847K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4405	+0.060%	$63.7M	$230.7M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4402	0.000%	$68.1M	$126.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4402	0.000%	$17.2M	$73.4M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4386	−0.357%	$73K	$84K	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	0.4400	−0.039%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4400	−0.045%	$11.6M	$16.5M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4401	−0.023%	$44.8M	$42.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4400	−0.045%	$12.8M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4401	−0.023%	$25.2M	$39.8M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4401	−0.023%	—	$21.9M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4401	−0.011%	$187K	$983K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4399	−0.074%	$719K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4391	−0.243%	$4K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4393	−0.204%	$409K	$1.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4396	−0.136%	$136K	$354K	50x	as long as short
Polymarket Perps ONDO-USDshort	+0.0100%	1h	0.4400	−0.034%	$79K	$1.4M	10x
SunX ONDO-USDT	+0.0100%	4h	0.4402	0.000%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4399	−0.068%	$457	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4408	+0.136%	$130K	$434K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4399	−0.068%	$4.3M	$7.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4400	−0.048%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4401	−0.027%	$395K	$798K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4401	−0.029%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0150%	1h	0.4405	+0.073%	$37.9M	$24.7M	10x	as long as short
dYdX ONDO-USD	+0.0200%	1h	0.4399	−0.057%	$249K	$129K	5x	as long as short
01 Exchange ONDOUSD	+0.0216%	1h	0.4402	−0.005%	$362	$2K	10x	as long as short
Aster ONDOUSDT	+0.0227%	4h	0.4404	+0.056%	$763K	$2.5M	20x	as long as short
Coinbase International ONDO-PERP-INTXlong	+0.0328%	1h	0.4402	long leg	$272K	$731K	50x
BloFin ONDO-USDT	+0.0340%	4h	0.4404	+0.045%	$3.1M	$3.0M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4396	−0.125%	$35K	$223K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0432%	1h	0.4400	−0.045%	$18K	$367K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0607% / S −0.0219%	1h	0.4397	−0.114%	$523K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1153%	1h	0.4401	−0.029%	$2K	—	20x	as long as short