ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0246%/8h= +26.9% APRnext payment +$0.31 per $10,000 · paid last 24h −0.049%

Price spread now: Nado against Kraken Futures−0.023%46s7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$470.470% of the position

Long on Kraken Futures Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.251%−$25 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.023%, 7d avg −0.070%

Together, before fees−0.261%+ Points / potential airdropNado: Active · farm board−$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Nado is 0.046% dearer against Kraken Futures than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.070%. Mind the row above: over the last 3 days funding on this pair cost −0.251%, so the current rate has only just turned in your favour. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ONDOUSD	0.4344	−0.0146	get 0.0018% / 1h	57m 22s	$2.5M	$7.8M	50x
Short	Nado ONDO-PERP	0.4343	0.0100	get 0.0012% / 1h	57m 22s	$347K	$894K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.023%Rate

Funding earned: $51.59
Price spread: −0.023% → −0.070%: $4.65
Slippage, 4 orders: −$30.04
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $9.19
Costs to cover: 0.470%
Break-even: 5.8 days

Slippage from Kraken Futures: live order book, 2 min ago; Nado: live order book, 51 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, 2 min ago	4.59 bp	13.9 bp −$14	15.7 bp −$157	doesn't fit	doesn't fit
Sell Nado live order book, 51 min ago	0.46 bp	5.4 bp −$5	21.2 bp −$212	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	−0.0146%	1h	0.4344	long leg	$2.5M	$7.8M	50x
dYdX ONDO-USD	0.0000%	1h	0.4343	−0.009%	$244K	$137K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4337	−0.145%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.168%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4345	+0.037%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERPshort	+0.0100%	1h	0.4343	−0.023%	$347K	$894K	10x
Aster ONDOUSDT	+0.0100%	4h	0.4343	−0.013%	$775K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4339	−0.108%	$63.0M	$238.3M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4336	−0.173%	$67.7M	$126.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4337	−0.150%	$17.3M	$73.8M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4361	+0.394%	$71K	$83K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4338	−0.138%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4339	−0.104%	$12.3M	$15.9M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4339	−0.104%	$43.3M	$42.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4338	−0.127%	$12.0M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4337	−0.150%	$24.9M	$39.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4339	−0.104%	—	$23.7M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4348	+0.096%	$645K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4344	+0.014%	$4K	$314K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4353	+0.210%	$408K	$1.4M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4350	+0.149%	$133K	$356K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4341	−0.067%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4337	−0.150%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4345	+0.034%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4346	+0.057%	$452	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4366	+0.518%	$129K	$429K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4344	+0.011%	$4.2M	$8.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4343	−0.005%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4337	−0.139%	$393K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4338	−0.138%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0210%	1h	0.4346	+0.057%	$18K	$362K	25x	as long as short
Backpack ONDO_USDC_PERP	+0.0214%	1h	0.4345	+0.039%	$181K	$992K	15x	as long as short
01 Exchange ONDOUSD	+0.0256%	1h	0.4339	−0.099%	$357	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4366	+0.518%	$217K	$730K	50x	as long as short
Phoenix ONDO	+0.0332%	1h	0.4346	+0.053%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4347	+0.080%	$3.2M	$3.2M	75x	as long as short
Hyperliquid ONDO	+0.0547%	1h	0.4344	+0.009%	$36.7M	$27.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0571% / S −0.0202%	1h	0.4337	−0.159%	$494K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1157%	1h	0.4339	−0.093%	$2K	—	20x	as long as short