ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0224%/8h= +24.5% APRnext payment +$0.28 per $10,000 · paid last 24h +0.116%

Price spread now: Coinbase International against Extended+0.005%7-day average +0.268% · you sell dearer than you buy

Net, funding: paid 7d − costs+$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$540.537% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.734%+$73 on $10k

Price spread, last 4 days (all we have)+0.166%+$17 · spread now +0.005%, 7d avg +0.268%

Together, before fees+0.900%+ Points / potential airdropExtended: Active · farm board+$90 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.263% cheaper against Extended than usual: you would sell low and buy high (spread +0.005% now, against its 7-day average of +0.268%). If the spread goes back, that is −$26 on $10k: about 3.9 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ONDO-USD	0.4402	0.0104	pay 0.0013% / 1h	0m 35s	$395K	$798K	25x
Short	Coinbase International ONDO-PERP-INTX	0.4402	0.0328	get 0.0041% / 1h	0m 35s	$272K	$731K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. 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 ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now +0.005%Rate

Funding earned: $47.04
Price spread: +0.005% → +0.268%: −$26.33
Slippage, 4 orders: −$38.69
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$32.98
Costs to cover: 0.537%
Break-even: 11.9 days

Slippage from Extended: live order book, 57 min ago; Coinbase International: live order book, 58 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 Extended live order book, 57 min ago	4.57 bp	7.2 bp −$7	17.2 bp −$172	doesn't fit	doesn't fit
Sell Coinbase International live order book, 58 min ago	12.60 bp	17.6 bp −$18	59.7 bp −$597	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	−0.090%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4398	−0.093%	$2.6M	$7.8M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.776%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4406	+0.100%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4397	−0.109%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4404	+0.050%	$364K	$847K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4402	+0.005%	$63.6M	$230.7M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4400	−0.041%	$68.1M	$126.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4403	+0.028%	$17.2M	$73.4M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4386	−0.352%	$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	0.4401	−0.009%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4402	+0.005%	$11.6M	$16.5M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4403	+0.028%	$44.9M	$42.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4401	−0.018%	$12.8M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4405	+0.073%	$25.3M	$39.8M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4403	+0.028%	—	$764K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4401	−0.007%	$187K	$983K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4399	−0.069%	$719K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4391	−0.239%	$4K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4393	−0.199%	$409K	$1.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4396	−0.132%	$136K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4400	−0.029%	$79K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4402	+0.005%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4399	−0.063%	$457	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4408	+0.141%	$130K	$434K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4399	−0.063%	$4.3M	$7.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4403	+0.032%	$6K	—	10x	as long as short
Extended ONDO-USDlong	+0.0104%	1h	0.4402	long leg	$395K	$798K	25x
Aevo ONDO-PERP	+0.0104%	1h	0.4401	−0.024%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0150%	1h	0.4405	+0.077%	$37.9M	$24.7M	10x	as long as short
dYdX ONDO-USD	+0.0200%	1h	0.4399	−0.052%	$249K	$129K	5x	as long as short
01 Exchange ONDOUSD	+0.0216%	1h	0.4403	+0.032%	$362	$2K	10x	as long as short
Aster ONDOUSDT	+0.0227%	4h	0.4405	+0.075%	$763K	$2.5M	20x	as long as short
Coinbase International ONDO-PERP-INTXshort	+0.0328%	1h	0.4402	+0.005%	$272K	$731K	50x
BloFin ONDO-USDT	+0.0340%	4h	0.4404	+0.050%	$3.1M	$3.0M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4396	−0.120%	$35K	$223K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0432%	1h	0.4400	−0.041%	$18K	$367K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0607% / S −0.0219%	1h	0.4397	−0.109%	$523K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1153%	1h	0.4401	−0.024%	$2K	—	20x	as long as short