ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: Nado against Extended+0.068%7-day average +0.043% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$250.250% of the position

Long on Extended Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.023%+$2 on $10k

Price spread, last 4 days (all we have)+0.105%+$10 · spread now +0.068%, 7d avg +0.043%

Together, before fees+0.128%+ Points / potential airdropExtended: Active · Nado: Active · farm board+$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.024% dearer against Extended than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ONDO-USD	0.4367	0.0104	pay 0.0013% / 1h	6m 33s	$393K	$795K	25x
Short	Nado ONDO-PERP	0.4370	0.0100	get 0.0012% / 1h	6m 33s	$349K	$893K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Extended. 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 ExtendedbpFee NadobpOrdersPrice spread, now +0.068%Rate

Funding earned: −$0.84
Price spread: +0.068% → +0.043%: $2.41
Slippage, 4 orders: −$12.96
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$23.39
Costs to cover: 0.250%
Break-even: never at this rate

Slippage from Extended: live order book, 41 min ago; Nado: live order book, 42 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 Extended live order book, 41 min ago	3.45 bp	6.0 bp −$6	14.7 bp −$147	doesn't fit	doesn't fit
Sell Nado live order book, 42 min ago	0.46 bp	5.4 bp −$5	21.2 bp −$212	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	−0.0239%	1h	0.4362	−0.100%	$2.6M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4360	−0.156%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0009%	1h	0.4360	−0.151%	$245K	$137K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.608%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4368	+0.030%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERPshort	+0.0100%	1h	0.4370	+0.068%	$349K	$893K	10x
Hyperliquid ONDO	+0.0100%	1h	0.4369	+0.041%	$36.9M	$27.1M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4370	+0.073%	$779K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4370	+0.072%	$63.6M	$238.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4367	+0.005%	$68.2M	$126.8M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4368	+0.028%	$17.4M	$74.4M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4357	−0.231%	$71K	$83K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4365	−0.034%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4364	−0.064%	$12.3M	$16.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4367	+0.005%	$43.6M	$42.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4364	−0.064%	$12.1M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4369	+0.050%	$25.1M	$39.8M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4366	−0.018%	—	$23.7M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4364	−0.076%	$181K	$992K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4359	−0.185%	$642K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4361	−0.138%	$4K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4360	−0.150%	$408K	$1.3M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4362	−0.110%	$133K	$356K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4369	+0.044%	$61K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4363	−0.087%	$24K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4365	−0.041%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4364	−0.064%	$454	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4370	+0.073%	$129K	$429K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4361	−0.133%	$4.2M	$8.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4367	+0.006%	$6K	—	10x	as long as short
Extended ONDO-USDlong	+0.0104%	1h	0.4367	long leg	$393K	$795K	25x
Aevo ONDO-PERP	+0.0104%	1h	0.4366	−0.023%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0152%	1h	0.4371	+0.092%	$360	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4366	−0.018%	$217K	$756K	50x	as long as short
Phoenix ONDO	+0.0332%	1h	0.4371	+0.094%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4364	−0.064%	$3.1M	$3.2M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0572% / S −0.0202%	1h	0.4360	−0.151%	$497K	—	100x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0667%	1h	0.4364	−0.064%	$18K	$362K	25x	as long as short
Reya ONDORUSDPERP	+0.1157%	1h	0.4367	+0.004%	$2K	—	20x	as long as short