ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0051%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h −0.749%

Price spread now: Injective against Nado+0.230%49s7-day average −0.965% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−2.205%−$220 on $10k

Price spread, last 3 days (all we have)−0.967%−$97 · spread now +0.230%, 7d avg −0.965%

Together, before fees−3.172%+ Points / potential airdropNado: Active · farm board−$317 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Injective is 1.195% dearer against Nado than usual: you sell high and buy low: +$120 more if the spread goes back to its 7-day average of −0.965%. Mind the row above: over the last 3 days funding on this pair cost −2.205%, so the current rate has only just turned in your favour. The two prices were read 49 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	Nado ONDO-PERP	0.4557	0.0100	pay 0.0012% / 1h	10m 12s	$431K	$705K	10x
Short	Injective ONDO/USDC PERP	0.4568	0.0151	get 0.0019% / 1h	10m 12s	$888	$216K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Nado. 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 NadobpFee InjectivebpOrdersPrice spread, now +0.230%Rate

Funding earned: $10.61
Price spread: +0.230% → −0.965%: $119.51
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $123.1
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Nado: live order book, 8 min ago; Injective: no order-book sample. Net counts fees only.

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 Nado live order book, 8 min ago	1.95 bp	7.6 bp −$8	24.5 bp −$245	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.4559	+0.042%	$2.8M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4560	+0.058%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4560	+0.055%	$25K	$8K	10x	as long as short
Nado ONDO-PERPlong	+0.0100%	1h	0.4557	long leg	$431K	$705K	10x
Aster ONDOUSDT	+0.0100%	4h	0.4562	+0.096%	$728K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4560	+0.060%	$67.7M	$226.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4559	+0.033%	$73.8M	$122.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4559	+0.033%	$17.8M	$81.4M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4588	+0.671%	$74K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4558	+0.012%	—	—	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	0.4557	−0.011%	$12.0M	$18.7M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4559	+0.033%	$49.1M	$44.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4559	+0.033%	$13.7M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4560	+0.055%	$25.9M	$41.5M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4560	+0.055%	—	$743K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4560	+0.052%	$786K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4568	+0.234%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4568	+0.236%	$421K	$947K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4565	+0.165%	$163K	$317K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4561	+0.083%	$68K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4558	+0.011%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4560	+0.055%	$474	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4565	+0.165%	$133K	$505K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4560	+0.055%	$4.7M	$6.5M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4557	−0.001%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4559	+0.029%	$409K	$855K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4565	+0.154%	$44K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4586	+0.621%	$38K	$219K	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0145%	1h	0.4563	+0.121%	$230K	$1.0M	15x	as long as short
Injective ONDO/USDC PERPshort	+0.0151%	1h	0.4568	+0.230%	$888	$216K	5.5x
Deribit ONDO_USDC-PERPETUAL	+0.0189%	1h	0.4561	+0.077%	$31K	$432K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4595	+0.823%	$301K	$862K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4563	+0.121%	$3.3M	$3.1M	75x	as long as short
Hyperliquid ONDO	+0.0383%	1h	0.4562	+0.090%	$40.5M	$27.2M	10x	as long as short
01 Exchange ONDOUSD	+0.0400%	1h	0.4561	+0.083%	$375	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0586% / S −0.0187%	1h	0.4559	+0.035%	$543K	—	100x	as long as short
Lighter ONDO	+0.0704%	1h	0.4569	+0.255%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1141%	1h	0.4558	+0.002%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.5221%	1h	0.4560	+0.064%	$258K	$129K	5x	as long as short