ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.1119%/8h= −122.6% APRnext payment −$1.40 per $10,000 · paid last 24h −1.491%

Price spread now: Coinbase International against dYdX+0.168%7-day average +0.242% · you sell dearer than you buy

Net, funding: paid 7d − costs−$384as in the Funding arb table

Net, price: spread back to 7d avg − costs−$205as in the Price arb table

costs, in and out, $10k−$1981.981% of the position

Long on dYdX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−1.861%−$186 on $10k

Price spread, last 3 days (all we have)+0.129%+$13 · spread now +0.168%, 7d avg +0.242%

Together, before fees−1.731%−$173 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and Coinbase International is 0.074% cheaper against dYdX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.242%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ONDO-USD	0.4566	0.1399	pay 0.0175% / 1h	35m 57s	$258K	$130K	5x
Short	Coinbase International ONDO-PERP-INTX	0.4574	0.0280	get 0.0035% / 1h	35m 57s	$301K	$867K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against dYdX. 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 dYdXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.168%Rate

Funding earned: −$235.07
Price spread: +0.168% → +0.242%: −$7.36
Slippage, 4 orders: −$178.09
Fee dYdX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$440.52
Costs to cover: 1.981%
Break-even: never at this rate

Slippage from dYdX: live order book, 48 min ago; Coinbase International: live order book, 47 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 dYdX live order book, 48 min ago	27.19 bp	32.2 bp −$32	32.2 bp −$322	105.6 bp −$10.6K	741.0 bp −$370.5K
Sell Coinbase International live order book, 47 min ago	5.53 bp	28.0 bp −$28	72.3 bp −$723	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	−0.0353%	1h	0.4558	−0.186%	$2.8M	$7.9M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4563	−0.066%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4562	−0.094%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4566	−0.007%	$431K	$697K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4557	−0.206%	$739K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4553	−0.283%	$67.0M	$225.2M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4553	−0.292%	$74.2M	$120.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4553	−0.292%	$17.8M	$81.3M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4573	+0.142%	$74K	$86K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4565	−0.030%	—	—	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ONDO_USDT	+0.0100%	4h	0.4551	−0.335%	$11.8M	$18.3M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4552	−0.313%	$47.8M	$44.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4553	−0.292%	$13.8M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4553	−0.292%	$25.7M	$41.7M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4553	−0.292%	—	$743K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4560	−0.130%	$221K	$999K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4546	−0.445%	$798K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4609	+0.927%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4598	+0.695%	$431K	$938K	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4565	−0.040%	$74K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4561	−0.116%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4561	−0.116%	$474	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4572	+0.124%	$133K	$512K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4559	−0.160%	$4.8M	$6.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4564	−0.051%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4552	−0.319%	$405K	$857K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4566	−0.007%	$44K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4553	−0.285%	$29K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4601	+0.760%	$894	$181K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0188%	1h	0.4564	−0.051%	$26K	$396K	25x	as long as short
ApeX Omni ONDOUSDT	+0.0244%	1h	0.4620	+1.176%	$163K	$333K	50x	as long as short
Coinbase International ONDO-PERP-INTXshort	+0.0280%	1h	0.4574	+0.168%	$301K	$867K	50x
BloFin ONDO-USDT	+0.0340%	4h	0.4568	+0.037%	$3.2M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0408%	1h	0.4568	+0.035%	$376	$2K	10x	as long as short
Hyperliquid ONDO	+0.0492%	1h	0.4564	−0.059%	$40.8M	$27.5M	10x	as long as short
Lighter ONDO	+0.0592%	1h	0.4568	+0.048%	$1.4M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0594% / S −0.0191%	1h	0.4562	−0.104%	$549K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1141%	1h	0.4564	−0.048%	$2K	—	20x	as long as short
dYdX ONDO-USDlong	+0.1399%	1h	0.4566	long leg	$258K	$130K	5x