ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0256%/8h= −28.0% APRnext payment −$0.32 per $10,000 · paid last 24h −0.128%

Price spread now: Extended against Coinbase International−0.465%7-day average −0.270% · you buy dearer than you sell

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$610.612% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.735%−$74 on $10k

Price spread, last 3 days (all we have)+0.253%+$25 · spread now −0.465%, 7d avg −0.270%

Together, before fees−0.482%+ Points / potential airdropExtended: Active · farm board−$48 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Extended is 0.195% cheaper against Coinbase International than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.270%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ONDO-PERP-INTX	0.4422	0.0360	pay 0.0045% / 1h	54m 11s	$284K	$706K	50x
Short	Extended ONDO-USD	0.4401	0.0104	get 0.0013% / 1h	54m 11s	$398K	$787K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Coinbase International. 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 Coinbase InternationalbpFee ExtendedbpOrdersPrice spread, now −0.465%Rate

Funding earned: −$53.76
Price spread: −0.465% → −0.270%: −$19.46
Slippage, 4 orders: −$46.21
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$134.43
Costs to cover: 0.612%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 9 min ago; Extended: live order book, 9 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 Coinbase International live order book, 9 min ago	7.95 bp	30.3 bp −$30	80.4 bp −$804	doesn't fit	doesn't fit
Sell Extended live order book, 9 min ago	4.54 bp	7.1 bp −$7	18.3 bp −$183	doesn't fit	doesn't fit

ONDO on 38 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
ApeX Omni ONDOUSDT	−0.0069%	1h	0.4382	−0.905%	$135K	$353K	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4399	−0.514%	$249K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4397	−0.567%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.302%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4399	−0.517%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4400	−0.498%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4399	−0.526%	$376K	$832K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4401	−0.475%	$670K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4399	−0.522%	$63.9M	$225.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4398	−0.543%	$69.6M	$121.9M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4397	−0.565%	$17.0M	$71.9M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4391	−0.697%	$72K	$86K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4398	−0.539%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4396	−0.588%	$11.6M	$15.9M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4397	−0.565%	$46.6M	$40.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4399	−0.520%	$13.1M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4398	−0.543%	$25.0M	$39.4M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4398	−0.543%	—	$761K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4418	−0.096%	$712K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4388	−0.774%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4390	−0.729%	$405K	$978K	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4401	−0.479%	$78K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4398	−0.543%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4402	−0.452%	$458	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4415	−0.158%	$130K	$481K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0104%	8h	0.4398	−0.535%	$6K	—	10x	as long as short
Extended ONDO-USDshort	+0.0104%	1h	0.4401	−0.465%	$398K	$787K	25x
Aevo ONDO-PERP	+0.0104%	1h	0.4404	−0.413%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0139%	1h	0.4400	−0.498%	$38.5M	$24.0M	10x	as long as short
Phemex ONDOUSDT	+0.0177%	4h	0.4397	−0.565%	$4.2M	$7.5M	50x	as long as short
Backpack ONDO_USDC_PERP	+0.0199%	1h	0.4398	−0.534%	$191K	$982K	15x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4396	−0.586%	$35K	$225K	10x	as long as short
Coinbase International ONDO-PERP-INTXlong	+0.0360%	1h	0.4422	long leg	$284K	$706K	50x
01 Exchange ONDOUSD	+0.0368%	1h	0.4402	−0.448%	$362	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0432%	1h	0.4402	−0.452%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0550% / S −0.0190%	1h	0.4396	−0.587%	$485K	—	100x	as long as short
Lighter ONDO	+0.0592%	1h	0.4408	−0.323%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1149%	1h	0.4398	−0.544%	$2K	—	20x	as long as short