ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.1041%/8h= −114.0% APRnext payment −$1.30 per $10,000 · paid last 24h −0.297%

Price spread now: Nado against Reya−0.046%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Nado

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 · Nado: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$31 a day on $10k at the current rate, and Nado is 0.046% cheaper against Reya than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ONDORUSDPERP	0.4575	0.1141	pay 0.0143% / 1h	26m 11s	$2K	—	20x
Short	Nado ONDO-PERP	0.4573	0.0100	get 0.0012% / 1h	26m 11s	$431K	$700K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.046%Rate

Funding earned: −$218.58
Price spread: −0.046% → 0.000%: −$4.63
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$236.21
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Nado: live order book, 57 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 Nado live order book, 57 min ago	0.66 bp	7.4 bp −$7	23.3 bp −$233	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	−0.0352%	1h	0.4567	−0.166%	$2.8M	$7.9M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4573	−0.036%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4573	−0.041%	$25K	$8K	10x	as long as short
Nado ONDO-PERPshort	+0.0100%	1h	0.4573	−0.046%	$431K	$700K	10x
Aster ONDOUSDT	+0.0100%	4h	0.4574	−0.025%	$733K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4569	−0.128%	$67.5M	$226.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4568	−0.150%	$74.3M	$120.7M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4568	−0.150%	$17.8M	$81.6M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4584	+0.195%	$74K	$87K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4566	−0.196%	—	—	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	0.4573	−0.041%	$11.9M	$18.3M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4569	−0.128%	$47.9M	$44.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4571	−0.085%	$13.8M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4571	−0.085%	$25.9M	$41.8M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4574	−0.019%	—	$743K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4576	+0.018%	$233K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4539	−0.785%	$776K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4554	−0.452%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4558	−0.364%	$427K	$938K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4556	−0.412%	$163K	$330K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4575	+0.001%	$72K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4574	−0.019%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4570	−0.106%	$475	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4574	−0.019%	$133K	$511K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4567	−0.172%	$4.7M	$6.5M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4566	−0.202%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4570	−0.108%	$409K	$861K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4575	+0.003%	$44K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4555	−0.445%	$29K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4568	−0.150%	$888	$216K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0187%	1h	0.4576	+0.025%	$26K	$396K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4571	−0.085%	$300K	$866K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4573	−0.041%	$3.3M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0400%	1h	0.4573	−0.034%	$376	$2K	10x	as long as short
Hyperliquid ONDO	+0.0418%	1h	0.4577	+0.038%	$41.0M	$27.6M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0624% / S −0.0204%	1h	0.4573	−0.040%	$570K	—	100x	as long as short
Lighter ONDO	+0.0664%	1h	0.4578	+0.064%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERPlong	+0.1141%	1h	0.4575	long leg	$2K	—	20x
dYdX ONDO-USD	+0.3181%	1h	0.4570	−0.102%	$259K	$129K	5x	as long as short