ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h −0.010%

Price spread now: Nado against Deribit+0.011%7-day average −0.029% · 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−$36as in the Price arb table

costs, in and out, $10k−$400.403% of the position

Long on Deribit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.051%−$5 on $10k

Price spread, last 3 days (all we have)+0.042%+$4 · spread now +0.011%, 7d avg −0.029%

Together, before fees−0.009%+ Points / potential airdropNado: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Nado is 0.040% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.029%. Mind the row above: over the last 3 days funding on this pair cost −0.051%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ONDO_USDC-PERPETUAL	0.4524	0	get 0.0000% / 1h	28m 42s	$19K	$364K	25x
Short	Nado ONDO-PERP	0.4524	0.0100	get 0.0012% / 1h	28m 42s	$425K	$677K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Deribit. 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 DeribitbpFee NadobpOrdersPrice spread, now +0.011%Rate

Funding earned: $21
Price spread: +0.011% → −0.029%: $4.04
Slippage, 4 orders: −$26.26
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$15.22
Costs to cover: 0.403%
Break-even: 12.1 days

Slippage from Deribit: live order book, 60 min ago; Nado: live order book, 59 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 Deribit live order book, 60 min ago	8.89 bp	12.4 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 59 min ago	0.78 bp	7.0 bp −$7	23.1 bp −$231	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	−0.1125%	1h	0.4522	−0.054%	$3.0M	$7.8M	50x	as long as short
Deribit ONDO_USDC-PERPETUALlong	0.0000%	1h	0.4524	long leg	$19K	$364K	25x
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4522	−0.038%	$6K	—	150x	as long as short
Phoenix ONDO	+0.0018%	1h	0.4531	+0.150%	$30K	$222K	10x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4522	−0.044%	$1K	$132K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4523	−0.022%	$25K	$8K	10x	as long as short
Nado ONDO-PERPshort	+0.0100%	1h	0.4524	+0.011%	$425K	$677K	10x
Aster ONDOUSDT	+0.0100%	4h	0.4526	+0.037%	$760K	$2.0M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4525	+0.019%	$66.6M	$220.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4525	+0.022%	$73.5M	$117.9M	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	0.4526	+0.044%	$17.7M	$80.0M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4536	+0.256%	$72K	$85K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4526	+0.046%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4523	−0.022%	$11.8M	$18.7M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4524	0.000%	$47.5M	$45.5M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4524	0.000%	$13.7M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4526	+0.044%	$25.6M	$41.1M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4525	+0.022%	—	$22.6M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4526	+0.033%	$195K	$970K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4528	+0.095%	$783K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4528	+0.090%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4527	+0.059%	$417K	$936K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4529	+0.111%	$159K	$331K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4526	+0.038%	$80K	$1.0M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4521	−0.066%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4524	0.000%	$470	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4533	+0.199%	$126K	$512K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4522	−0.044%	$4.8M	$6.2M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4525	+0.032%	$6K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4525	+0.022%	$403K	$980K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4525	+0.022%	$36K	—	3x	as long as short
Hyperliquid ONDO	+0.0232%	1h	0.4529	+0.117%	$40.8M	$27.6M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4534	+0.221%	$305K	$841K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4520	−0.088%	$3.2M	$3.0M	75x	as long as short
01 Exchange ONDOUSD	+0.0408%	1h	0.4531	+0.166%	$373	$2K	10x	as long as short
Lighter ONDO	+0.0536%	1h	0.4533	+0.208%	$1.4M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0618% / S −0.0203%	1h	0.4522	−0.040%	$562K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1139%	1h	0.4524	−0.006%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.9639%	1h	0.4524	+0.009%	$256K	$123K	5x	as long as short