ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.350%

Price spread now: Nado against Injective−4.646%7-day average +0.737% · you buy dearer than you sell

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

Long on Injective Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+2.224%+$222 on $10k

Price spread, last 4 days (all we have)+5.383%+$538 · spread now −4.646%, 7d avg +0.737%

Together, before fees+7.607%+ Points / potential airdropNado: Active · farm board+$761 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 5.384% cheaper against Injective than usual: you would sell low and buy high (spread −4.646% now, against its 7-day average of +0.737%). If the spread goes back, that is −$538 on $10k: about 9 months of funding at the current rate (+$2 a day). At the pace of the last 3 days (+2.224% in total) that is about 8.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ONDO/USDC PERP	0.4568	0.0033	pay 0.0004% / 1h	2m 42s	$888	$216K	5.5x
Short	Nado ONDO-PERP	0.4356	0.0100	get 0.0012% / 1h	2m 42s	$348K	$895K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Injective. 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 InjectivebpFee NadobpOrdersPrice spread, now −4.646%Rate

Funding earned: $14
Price spread: −4.646% → +0.737%: −$538.37
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$531.39
Costs to cover: 0.070%
Break-even: 272.7 days

Slippage unknown: Injective: no order-book sample; Nado: live order book, 46 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 Injective no order-book sample	—	—	—	—	—
Sell Nado live order book, 46 min ago	0.46 bp	5.4 bp −$5	21.2 bp −$212	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0240%	1h	0.4355	−4.663%	$2.6M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4352	−4.735%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0009%	1h	0.4349	−4.791%	$244K	$137K	5x	as long as short
Injective ONDO/USDC PERPlong	+0.0033%	1h	0.4568	long leg	$888	$216K	5.5x
Lighter ONDO	+0.0096%	1h	0.4355	−4.652%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERPshort	+0.0100%	1h	0.4356	−4.646%	$348K	$895K	10x
Hyperliquid ONDO	+0.0100%	1h	0.4356	−4.643%	$36.8M	$27.1M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4354	−4.685%	$777K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4353	−4.707%	$63.3M	$238.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4351	−4.750%	$67.9M	$126.5M	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	0.4352	−4.729%	$17.3M	$74.1M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4351	−4.746%	$71K	$83K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4352	−4.736%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4351	−4.750%	$12.3M	$16.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4351	−4.750%	$43.3M	$42.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4351	−4.750%	$12.0M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4353	−4.707%	$25.0M	$39.9M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4352	−4.729%	—	$763K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4356	−4.632%	$181K	$992K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4365	−4.450%	$647K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4364	−4.470%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4362	−4.510%	$407K	$1.3M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4361	−4.532%	$133K	$356K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4356	−4.639%	$61K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4354	−4.685%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4356	−4.641%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4356	−4.641%	$453	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4368	−4.378%	$129K	$429K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4356	−4.641%	$4.2M	$8.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4351	−4.753%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4352	−4.730%	$393K	$795K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4357	−4.619%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0160%	1h	0.4355	−4.669%	$358	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4366	−4.422%	$217K	$756K	50x	as long as short
Phoenix ONDO	+0.0332%	1h	0.4367	−4.407%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4360	−4.553%	$3.2M	$3.2M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0439%	1h	0.4355	−4.663%	$18K	$362K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0572% / S −0.0202%	1h	0.4352	−4.728%	$496K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1157%	1h	0.4354	−4.676%	$2K	—	20x	as long as short