ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0164%/8h= +18.0% APRnext payment +$0.20 per $10,000 · paid last 24h +0.105%

Price spread now: Coinbase International against ApeX Omni+0.232%75s7-day average +0.184% · you sell dearer than you buy

Net, funding: paid 7d − costs+$9as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$660.661% of the position

Long on ApeX Omni Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.752%+$75 on $10k

Price spread, last 4 days (all we have)+0.064%+$6 · spread now +0.232%, 7d avg +0.184%

Together, before fees+0.816%+$82 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Coinbase International is 0.048% dearer against ApeX Omni than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.184%. The two prices were read 75 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	ApeX Omni ONDOUSDT	0.4317	0.0100	pay 0.0013% / 1h	27m 48s	$132K	$340K	50x
Short	Coinbase International ONDO-PERP-INTX	0.4327	0.0264	get 0.0033% / 1h	27m 48s	$214K	$726K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against ApeX Omni. 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 ApeX OmnibpFee Coinbase InternationalbpOrdersPrice spread, now +0.232%Rate

Funding earned: $34.44
Price spread: +0.232% → +0.184%: $4.76
Slippage, 4 orders: −$46.09
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$26.89
Costs to cover: 0.661%
Break-even: 12.5 days

Slippage from ApeX Omni: live order book, 15 min ago; Coinbase International: live order book, 15 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 ApeX Omni live order book, 15 min ago	3.47 bp	11.4 bp −$11	25.7 bp −$257	doesn't fit	doesn't fit
Sell Coinbase International live order book, 15 min ago	9.25 bp	22.8 bp −$23	64.5 bp −$645	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	−0.0147%	1h	0.4317	−0.003%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4317	+0.001%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0005%	1h	0.4314	−0.063%	$242K	$141K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.814%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4322	+0.123%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4319	+0.046%	$347K	$894K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4324	+0.155%	$775K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4324	+0.162%	$62.6M	$235.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4322	+0.116%	$67.6M	$124.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4325	+0.185%	$17.2M	$72.6M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4306	−0.252%	$71K	$81K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4316	−0.027%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4320	+0.069%	$12.4M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4322	+0.116%	$43.2M	$42.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4320	+0.069%	$11.9M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4325	+0.185%	$24.8M	$38.8M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4321	+0.093%	—	$772K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4320	+0.065%	$171K	$994K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4313	−0.099%	$665K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4313	−0.089%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4315	−0.044%	$408K	$1.4M	10x	as long as short
ApeX Omni ONDOUSDTlong	+0.0100%	1h	0.4317	long leg	$132K	$340K	50x
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4320	+0.072%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4317	0.000%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4318	+0.023%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4320	+0.069%	$449	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4325	+0.185%	$128K	$403K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4318	+0.023%	$4.2M	$8.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4317	−0.009%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4321	+0.092%	$391K	$786K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4321	+0.103%	$37K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0115%	1h	0.4323	+0.134%	$36.2M	$27.2M	10x	as long as short
01 Exchange ONDOUSD	+0.0176%	1h	0.4319	+0.039%	$355	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0213%	1h	0.4320	+0.069%	$18K	$362K	25x	as long as short
Coinbase International ONDO-PERP-INTXshort	+0.0264%	1h	0.4327	+0.232%	$214K	$726K	50x
Phoenix ONDO	+0.0313%	1h	0.4318	+0.030%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4320	+0.069%	$3.1M	$3.2M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0572% / S −0.0203%	1h	0.4317	+0.007%	$494K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1158%	1h	0.4318	+0.029%	$2K	—	20x	as long as short