ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0430%/8h= +47.1% APRnext payment +$0.54 per $10,000 · paid last 24h +0.068%

Price spread now: Coinbase International against Kraken Futures+0.084%7-day average +0.159% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$950.955% of the position

Long on Kraken Futures Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.486%+$49 on $10k

Price spread, last 4 days (all we have)−0.122%−$12 · spread now +0.084%, 7d avg +0.159%

Together, before fees+0.364%+$36 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.075% cheaper against Kraken Futures than usual: you would sell low and buy high (spread +0.084% now, against its 7-day average of +0.159%). If the spread goes back, that is −$7 on $10k: about 14 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ONDOUSD	0.4388	−0.0174	get 0.0022% / 1h	3m 18s	$2.5M	$7.4M	50x
Short	Coinbase International ONDO-PERP-INTX	0.4392	0.0256	get 0.0032% / 1h	3m 18s	$217K	$711K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Kraken Futures. 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 Kraken FuturesbpFee Coinbase InternationalbpOrdersPrice spread, now +0.084%Rate

Funding earned: $90.31
Price spread: +0.084% → +0.159%: −$7.46
Slippage, 4 orders: −$75.45
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$12.61
Costs to cover: 0.955%
Break-even: 8.0 days

Slippage from Kraken Futures: live order book, 6 min ago; Coinbase International: live order book, 30 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 Kraken Futures live order book, 6 min ago	4.57 bp	21.8 bp −$22	27.9 bp −$279	95.1 bp −$9,506	doesn't fit
Sell Coinbase International live order book, 30 min ago	13.90 bp	20.4 bp −$20	64.1 bp −$641	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_ONDOUSDlong	−0.0174%	1h	0.4388	long leg	$2.5M	$7.4M	50x
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4387	−0.031%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.095%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4395	+0.143%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4389	+0.016%	$344K	$875K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4390	+0.038%	$765K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4388	−0.010%	$64.0M	$229.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4385	−0.076%	$69.0M	$120.4M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4385	−0.076%	$17.5M	$70.7M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4391	+0.068%	$72K	$77K	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	0.4389	+0.013%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4388	−0.007%	$13.6M	$15.3M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4387	−0.030%	$44.2M	$42.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4388	−0.007%	$13.1M	$10.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4388	−0.007%	$25.6M	$35.6M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4387	−0.030%	—	$778K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4389	+0.011%	$186K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4384	−0.103%	$777K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4385	−0.071%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4388	−0.008%	$406K	$1.7M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4385	−0.076%	$136K	$327K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4390	+0.038%	$61K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4386	−0.053%	$24K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4388	−0.007%	—	$1.3M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4388	−0.007%	$2K	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4392	+0.084%	$133K	$363K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4387	−0.030%	$4.3M	$8.9M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4389	+0.018%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4385	−0.073%	$365K	$803K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4390	+0.033%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0206%	1h	0.4387	−0.030%	$24K	$363K	25x	as long as short
01 Exchange ONDOUSD	+0.0256%	1h	0.4391	+0.052%	$361	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTXshort	+0.0256%	1h	0.4392	+0.084%	$217K	$711K	50x
Phoenix ONDO	+0.0277%	1h	0.4389	+0.006%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4388	−0.007%	$3.2M	$3.1M	75x	as long as short
Hyperliquid ONDO	+0.0384%	1h	0.4391	+0.067%	$36.9M	$27.9M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0584% / S −0.0208%	1h	0.4389	+0.006%	$508K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1163%	1h	0.4387	−0.025%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.2876%	1h	0.4386	−0.046%	$251K	$159K	5x	as long as short