ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0564%/8h= +61.8% APRnext payment +$0.71 per $10,000 · paid last 24h +0.149%

Price spread now: Lighter against Nado+0.029%7-day average +0.106% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$390.385% of the position

Long on Nado Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.159%+$16 on $10k

Price spread, last 3 days (all we have)−0.124%−$12 · spread now +0.029%, 7d avg +0.106%

Together, before fees+0.035%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.076% cheaper against Nado than usual: you would sell low and buy high (spread +0.029% now, against its 7-day average of +0.106%). If the spread goes back, that is −$8 on $10k: about 11 hours of funding at the current rate (+$17 a day). At the pace of the last 3 days (+0.159% in total) that is about 37 hours.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.159% in total (about 17.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.71 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ONDO-PERP	0.4609	0.0100	pay 0.0012% / 1h	9m 58s	$432K	$706K	10x
Short	Lighter ONDO	0.4611	0.0664	get 0.0083% / 1h	9m 58s	$1.5M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.029%Rate

Funding earned: $118.44
Price spread: +0.029% → +0.106%: −$7.64
Slippage, 4 orders: −$31.51
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $72.28
Costs to cover: 0.385%
Break-even: 2.7 days

Slippage from Nado: live order book, 63 min ago; Lighter: live order book, 2 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 Nado live order book, 63 min ago	0.66 bp	7.0 bp −$7	16.1 bp −$161	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	5.31 bp	11.2 bp −$11	37.7 bp −$377	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	−0.0868%	1h	0.4601	−0.177%	$2.8M	$7.9M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4607	−0.053%	$261K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4603	−0.136%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−0.895%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4603	−0.136%	$25K	$6K	10x	as long as short
Nado ONDO-PERPlong	+0.0100%	1h	0.4609	long leg	$432K	$706K	10x
Binance ONDOUSDT	+0.0100%	4h	0.4604	−0.120%	$68.9M	$221.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4603	−0.136%	$74.2M	$119.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4602	−0.157%	$17.6M	$77.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4625	+0.346%	$73K	$92K	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	0.4607	−0.057%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4601	−0.179%	$12.1M	$16.8M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4602	−0.157%	$49.7M	$42.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4604	−0.114%	$14.3M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4601	−0.179%	$26.1M	$38.7M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4602	−0.157%	—	$744K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4599	−0.228%	$817K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4615	+0.132%	$5K	$321K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4614	+0.095%	$426K	$967K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4616	+0.146%	$172K	$336K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4610	+0.008%	$74K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4609	−0.005%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4602	−0.157%	$478	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4613	+0.081%	$135K	$492K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4603	−0.136%	$4.5M	$7.1M	50x	as long as short
Aster ONDOUSDT	+0.0101%	4h	0.4606	−0.073%	$726K	$2.1M	20x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4608	−0.020%	$7K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4601	−0.179%	$417K	$823K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4606	−0.076%	$40K	$13K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0118%	1h	0.4603	−0.125%	$232K	$1.0M	15x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0185%	1h	0.4604	−0.114%	$34K	$342K	25x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4613	+0.081%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0280%	1h	0.4612	+0.068%	$380	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4605	−0.092%	$300K	$818K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4603	−0.136%	$3.3M	$3.0M	75x	as long as short
Hyperliquid ONDO	+0.0367%	1h	0.4607	−0.047%	$41.0M	$25.1M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0591% / S −0.0188%	1h	0.4603	−0.132%	$550K	—	100x	as long as short
Lighter ONDOshort	+0.0664%	1h	0.4611	+0.029%	$1.5M	$2.3M	10x
Reya ONDORUSDPERP	+0.1146%	1h	0.4607	−0.054%	$2K	—	20x	as long as short