ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0204%/8h= −22.3% APRpaid last 24h −0.143%

Price spread now: Variational Omni against Coinbase International+0.110%7-day average −0.244% · you sell dearer than you buy

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

Long on Coinbase International Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.529%−$53 on $10k

Price spread, last 3 days (all we have)−0.486%−$49 · spread now +0.110%, 7d avg −0.244%

Together, before fees−1.015%+ Points / potential airdropVariational Omni: Active · farm board−$102 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.354% dearer against Coinbase International than usual: you sell high and buy low (spread +0.110% now, against its 7-day average of −0.244%): +$35 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 5.8 days. At the pace of the last 3 days (−0.529% in total) that is about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ONDO-PERP-INTX	0.4541	0.0304	pay 0.0038% / 1h	22m 57s	$296K	$843K	50x
Short	Variational Omni ONDO	0.4546	0.0100	get 0.0050% / 4h	22m 57s	$780K	$2.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.110%Rate

Funding earned: −$42.84
Price spread: +0.110% → −0.244%: $35.38
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$17.46
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 55 min ago; Variational Omni: RFQ quote, 1 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 Coinbase International live order book, 55 min ago	9.80 bp	20.8 bp −$21	79.0 bp −$790	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	4.41 bp	doesn't fit	11.0 bp −$110	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	−0.0803%	1h	0.4543	+0.034%	$2.8M	$8.0M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	+0.595%	$888	$216K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4540	−0.022%	$35K	$437K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4538	−0.062%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4538	−0.066%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4536	−0.099%	$436K	$710K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4546	+0.110%	$721K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4544	+0.062%	$68.0M	$227.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4542	+0.022%	$73.6M	$123.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4543	+0.044%	$17.6M	$80.4M	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	0.4527	−0.302%	$74K	$88K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4537	−0.092%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4540	−0.022%	$11.9M	$18.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4543	+0.044%	$48.5M	$43.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4543	+0.044%	$14.0M	$11.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4543	+0.044%	$25.6M	$41.3M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4543	+0.044%	—	$740K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4546	+0.108%	$227K	$1.0M	15x	as long as short
Variational Omni ONDOshort	+0.0100%	4h	0.4546	+0.110%	$780K	$2.0M	—
edgeX ONDOUSDC	+0.0100%	4h	0.4541	−0.007%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4551	+0.229%	$420K	$960K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4539	−0.044%	$172K	$311K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4540	−0.013%	$69K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4537	−0.088%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4541	0.000%	$472	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4547	+0.132%	$133K	$506K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4545	+0.088%	$4.6M	$6.9M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4539	−0.049%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4542	+0.021%	$407K	$844K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4543	+0.043%	$44K	$8K	3x	as long as short
Hyperliquid ONDO	+0.0129%	1h	0.4547	+0.126%	$40.2M	$26.4M	10x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4548	+0.159%	$38K	$257K	10x	as long as short
Coinbase International ONDO-PERP-INTXlong	+0.0304%	1h	0.4541	long leg	$296K	$843K	50x
01 Exchange ONDOUSD	+0.0328%	1h	0.4540	−0.022%	$374	$2K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4542	+0.022%	$3.3M	$3.2M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0586% / S −0.0188%	1h	0.4539	−0.054%	$542K	—	100x	as long as short
Lighter ONDO	+0.0752%	1h	0.4553	+0.269%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1143%	1h	0.4538	−0.070%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3845%	1h	0.4535	−0.131%	$257K	$132K	5x	as long as short