ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0861%/8h= −94.2% APRnext payment −$1.08 per $10,000 · paid last 24h −0.157%

Price spread now: Coinbase International against Reya+0.487%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Coinbase International is 0.487% dearer against Reya than usual: you sell high and buy low (spread +0.487% now, against zero (this spread has no 7-day history yet)): +$49 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 45 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ONDORUSDPERP	0.4542	0.1141	pay 0.0143% / 1h	32m 05s	$2K	—	20x
Short	Coinbase International ONDO-PERP-INTX	0.4564	0.0280	get 0.0035% / 1h	32m 05s	$300K	$865K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Reya. 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 ReyabpFee Coinbase InternationalbpOrdersPrice spread, now +0.487%Rate

Funding earned: −$180.74
Price spread: +0.487% → 0.000%: $48.73
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$148.01
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Coinbase International: live order book, 51 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 51 min ago	5.53 bp	28.0 bp −$28	72.3 bp −$723	doesn't fit	doesn't fit

Reya: 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	−0.0354%	1h	0.4547	+0.118%	$2.8M	$7.9M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4546	+0.091%	$26K	$396K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4544	+0.053%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4545	+0.069%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4541	−0.008%	$429K	$699K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4547	+0.121%	$729K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4546	+0.090%	$67.2M	$225.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4545	+0.069%	$74.0M	$120.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4547	+0.113%	$17.7M	$81.2M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4538	−0.092%	$74K	$86K	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	0.4547	+0.111%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4541	−0.019%	$11.8M	$18.3M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4548	+0.135%	$47.8M	$44.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4544	+0.047%	$13.8M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4545	+0.069%	$25.7M	$41.8M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4544	+0.047%	—	$742K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4545	+0.073%	$232K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4567	+0.553%	$778K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4559	+0.367%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4561	+0.419%	$428K	$938K	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4544	+0.056%	$72K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4545	+0.069%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4547	+0.113%	$473	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4552	+0.223%	$132K	$512K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4546	+0.091%	$4.7M	$6.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4545	+0.075%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4546	+0.090%	$407K	$861K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4549	+0.164%	$44K	$8K	3x	as long as short
ApeX Omni ONDOUSDT	+0.0129%	1h	0.4560	+0.399%	$161K	$334K	50x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4569	+0.593%	$29K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4568	+0.575%	$888	$216K	5.5x	as long as short
Coinbase International ONDO-PERP-INTXshort	+0.0280%	1h	0.4564	+0.487%	$300K	$865K	50x
BloFin ONDO-USDT	+0.0340%	4h	0.4549	+0.157%	$3.2M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0400%	1h	0.4550	+0.172%	$374	$2K	10x	as long as short
Hyperliquid ONDO	+0.0451%	1h	0.4549	+0.150%	$40.7M	$27.5M	10x	as long as short
Lighter ONDO	+0.0616%	1h	0.4556	+0.309%	$1.4M	$2.3M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0628% / S −0.0211%	1h	0.4544	+0.057%	$576K	—	100x	as long as short
Reya ONDORUSDPERPlong	+0.1141%	1h	0.4542	long leg	$2K	—	20x
dYdX ONDO-USD	+0.2136%	1h	0.4547	+0.121%	$257K	$129K	5x	as long as short