ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0342%/8h= −37.4% APRnext payment −$0.43 per $10,000 · paid last 24h −0.018%

Price spread now: Nado against Deribit−0.006%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$390.386% of the position

Long on Deribit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.066%−$7 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.006%, 7d avg −0.024%

Together, before fees−0.079%+ Points / potential airdropNado: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.024%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.066% in total (about -6.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.43 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ONDO_USDC-PERPETUAL	0.4341	0.0442	pay 0.0055% / 1h	18m 59s	$18K	$362K	25x
Short	Nado ONDO-PERP	0.4341	0.0100	get 0.0012% / 1h	18m 59s	$348K	$891K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Deribit. 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 DeribitbpFee NadobpOrdersPrice spread, now −0.006%Rate

Funding earned: −$71.82
Price spread: −0.006% → −0.024%: $1.84
Slippage, 4 orders: −$24.62
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$108.6
Costs to cover: 0.386%
Break-even: never at this rate

Slippage from Deribit: live order book, 25 min ago; Nado: live order book, 24 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 Deribit live order book, 25 min ago	6.92 bp	10.4 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 24 min ago	1.96 bp	8.4 bp −$8	24.1 bp −$241	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	−0.0146%	1h	0.4339	−0.043%	$2.5M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4333	−0.184%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0003%	1h	0.4338	−0.067%	$244K	$141K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.229%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4345	+0.092%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERPshort	+0.0100%	1h	0.4341	−0.006%	$348K	$891K	10x
Aster ONDOUSDT	+0.0100%	4h	0.4343	+0.042%	$780K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4339	−0.046%	$62.7M	$235.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4338	−0.069%	$68.0M	$123.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4339	−0.046%	$17.3M	$72.4M	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	0.4340	−0.018%	$71K	$81K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4338	−0.068%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4339	−0.046%	$12.6M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4339	−0.046%	$43.6M	$42.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4340	−0.023%	$12.0M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4339	−0.046%	$24.8M	$37.6M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4342	+0.023%	—	$775K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4338	−0.071%	$176K	$995K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4333	−0.190%	$722K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4334	−0.165%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4329	−0.271%	$401K	$1.4M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4336	−0.115%	$133K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4342	+0.032%	$62K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4339	−0.046%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4340	−0.023%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4342	+0.023%	$451	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4349	+0.184%	$129K	$400K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4340	−0.023%	$4.2M	$8.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4340	−0.018%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4339	−0.042%	$358K	$821K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4342	+0.029%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0175%	1h	0.4344	+0.080%	$36.5M	$27.1M	10x	as long as short
01 Exchange ONDOUSD	+0.0208%	1h	0.4343	+0.048%	$357	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4342	+0.023%	$215K	$728K	50x	as long as short
Phoenix ONDO	+0.0313%	1h	0.4336	−0.104%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4342	+0.023%	$3.1M	$3.2M	75x	as long as short
Deribit ONDO_USDC-PERPETUALlong	+0.0442%	1h	0.4341	long leg	$18K	$362K	25x
GMX ONDO/USD [ETH-USDC]	L +0.0573% / S −0.0203%	1h	0.4337	−0.088%	$496K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1158%	1h	0.4339	−0.052%	$2K	—	20x	as long as short