ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0204%/8h= +22.3% APRnext payment +$0.26 per $10,000 · paid last 24h +0.143%

Price spread now: Coinbase International against Polymarket Perps−0.024%7-day average +0.168% · you buy dearer than you sell

Net, funding: paid 7d − costs+$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$530.532% of the position

Long on Polymarket Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.763%+$76 on $10k

Price spread, last 3 days (all we have)+0.177%+$18 · spread now −0.024%, 7d avg +0.168%

Together, before fees+0.940%+$94 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.192% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.024% now, against its 7-day average of +0.168%). If the spread goes back, that is −$19 on $10k: about 3.1 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ONDO-USD	0.4577	0.0100	pay 0.0013% / 1h	4m 51s	$69K	$1.1M	10x
Short	Coinbase International ONDO-PERP-INTX	0.4576	0.0304	get 0.0038% / 1h	4m 51s	$298K	$842K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Polymarket Perps. 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 Polymarket PerpsbpFee Coinbase InternationalbpOrdersPrice spread, now −0.024%Rate

Funding earned: $42.84
Price spread: −0.024% → +0.168%: −$19.23
Slippage, 4 orders: −$35.24
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$29.63
Costs to cover: 0.532%
Break-even: 11.8 days

Slippage from Polymarket Perps: live order book, 3 min ago; Coinbase International: live order book, 8 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 Polymarket Perps live order book, 3 min ago	2.19 bp	6.2 bp −$6	6.7 bp −$67	doesn't fit	doesn't fit
Sell Coinbase International live order book, 8 min ago	8.77 bp	13.8 bp −$14	41.9 bp −$419	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	−0.0798%	1h	0.4573	−0.098%	$2.8M	$8.0M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	−0.199%	$888	$216K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4573	−0.090%	$35K	$363K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4572	−0.107%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4572	−0.111%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4571	−0.128%	$439K	$705K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4577	−0.011%	$40.5M	$26.3M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4577	+0.004%	$725K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4579	+0.040%	$68.5M	$226.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4579	+0.042%	$74.2M	$120.6M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4578	+0.020%	$17.7M	$80.3M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4572	−0.120%	$75K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4573	−0.084%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4577	−0.002%	$12.0M	$18.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4578	+0.020%	$49.1M	$43.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4576	−0.024%	$14.2M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4578	+0.020%	$25.9M	$40.3M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4577	−0.002%	—	$742K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4575	−0.055%	$229K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4568	−0.201%	$809K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4571	−0.140%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4566	−0.246%	$421K	$949K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4574	−0.068%	$173K	$311K	50x	as long as short
Polymarket Perps ONDO-USDlong	+0.0100%	1h	0.4577	long leg	$69K	$1.1M	10x
SunX ONDO-USDT	+0.0100%	4h	0.4573	−0.090%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4573	−0.090%	$475	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4576	−0.024%	$134K	$504K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4573	−0.090%	$4.6M	$6.9M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4573	−0.097%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4576	−0.022%	$409K	$844K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4574	−0.058%	$44K	$8K	3x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4577	−0.004%	$38K	$257K	10x	as long as short
01 Exchange ONDOUSD	+0.0280%	1h	0.4576	−0.026%	$377	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTXshort	+0.0304%	1h	0.4576	−0.024%	$298K	$842K	50x
BloFin ONDO-USDT	+0.0340%	4h	0.4573	−0.090%	$3.3M	$3.3M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0589% / S −0.0188%	1h	0.4572	−0.102%	$546K	—	100x	as long as short
Lighter ONDO	+0.0656%	1h	0.4581	+0.083%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1144%	1h	0.4575	−0.055%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.2563%	1h	0.4570	−0.148%	$259K	$132K	5x	as long as short