ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0229%/8h= −25.0% APRpaid last 24h −0.151%

Price spread now: Variational Omni against Coinbase International+0.165%7-day average −0.240% · you sell dearer than you buy

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

Long on Coinbase International Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.518%−$52 on $10k

Price spread, last 3 days (all we have)−0.020%−$2 · spread now +0.165%, 7d avg −0.240%

Together, before fees−0.538%+ Points / potential airdropVariational Omni: Active · farm board−$54 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.405% dearer against Coinbase International than usual: you sell high and buy low (spread +0.165% now, against its 7-day average of −0.240%): +$41 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 5.9 days. At the pace of the last 3 days (−0.518% in total) that is about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ONDO-PERP-INTX	0.4520	0.0328	pay 0.0041% / 1h	51m 05s	$304K	$839K	50x
Short	Variational Omni ONDO	0.4527	0.0099	get 0.0050% / 4h	2h 51m	$801K	$2.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.165%Rate

Funding earned: −$48.01
Price spread: +0.165% → −0.240%: $40.51
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$17.5
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 37 min ago; Variational Omni: RFQ quote, 3 min ago. 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, 37 min ago	14.46 bp	26.0 bp −$26	64.2 bp −$642	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	5.53 bp	doesn't fit	14.4 bp −$144	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	−0.1128%	1h	0.4507	−0.294%	$3.0M	$7.7M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4507	−0.288%	$29K	$354K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4506	−0.315%	$6K	—	150x	as long as short
Phoenix ONDO	+0.0018%	1h	0.4501	−0.414%	$29K	$222K	10x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4416	−2.301%	$994	$82K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4505	−0.332%	$25K	$8K	10x	as long as short
Variational Omni ONDOshort	+0.0099%	4h	0.4527	+0.165%	$801K	$2.0M	—
Nado ONDO-PERP	+0.0100%	1h	0.4506	−0.315%	$429K	$672K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4507	−0.292%	$40.6M	$27.4M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4507	−0.285%	$752K	$2.0M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ONDOUSDT	+0.0100%	4h	0.4504	−0.351%	$66.3M	$220.3M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4503	−0.376%	$72.5M	$117.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4501	−0.420%	$17.7M	$79.6M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4500	−0.438%	$72K	$86K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4502	−0.389%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4502	−0.398%	$11.8M	$18.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4505	−0.332%	$47.6M	$45.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4505	−0.332%	$13.9M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4505	−0.332%	$25.4M	$41.1M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4504	−0.354%	—	$745K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4506	−0.314%	$195K	$975K	15x	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4513	−0.158%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4531	+0.233%	$420K	$937K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4517	−0.066%	$159K	$330K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4507	−0.292%	$88K	$1.0M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4505	−0.332%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4504	−0.354%	$468	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4511	−0.199%	$125K	$511K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4505	−0.332%	$4.8M	$6.2M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4502	−0.407%	$6K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4505	−0.340%	$402K	$987K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4505	−0.339%	$35K	—	3x	as long as short
Coinbase International ONDO-PERP-INTXlong	+0.0328%	1h	0.4520	long leg	$304K	$839K	50x
BloFin ONDO-USDT	+0.0340%	4h	0.4502	−0.398%	$3.2M	$3.1M	75x	as long as short
Lighter ONDO	+0.0376%	1h	0.4513	−0.162%	$1.4M	$2.2M	10x	as long as short
01 Exchange ONDOUSD	+0.0600%	1h	0.4506	−0.314%	$371	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0616% / S −0.0203%	1h	0.4505	−0.321%	$560K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1138%	1h	0.4506	−0.319%	$2K	—	20x	as long as short
dYdX ONDO-USD	+1.0274%	1h	0.4507	−0.293%	$255K	$117K	5x	as long as short