ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0112%/8h= +12.3% APRnext payment +$0.14 per $10,000 · paid last 24h +0.018%

Price spread now: Deribit against Nado−0.081%46s7-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—prices read too far apart to compare

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

Long on Nado Short on Deribit

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)+0.099%+$10 · spread now −0.081%, 7d avg +0.024%

Together, before fees+0.165%+ Points / potential airdropNado: Active · farm board+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.105% cheaper against Nado than usual: you would sell low and buy high (spread −0.081% now, against its 7-day average of +0.024%). If the spread goes back, that is −$10 on $10k: about 3.1 days of funding at the current rate (+$3 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ONDO-PERP	0.4338	0.0100	pay 0.0012% / 1h	21m 33s	$348K	$893K	10x
Short	Deribit ONDO_USDC-PERPETUAL	0.4334	0.0212	get 0.0027% / 1h	21m 33s	$18K	$362K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Nado. 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 NadobpFee DeribitbpOrdersPrice spread, now −0.081%Rate

Funding earned: $23.52
Price spread: −0.081% → +0.024%: −$10.48
Slippage, 4 orders: −$24.62
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$25.59
Costs to cover: 0.386%
Break-even: 14.6 days

Slippage from Nado: live order book, 22 min ago; Deribit: live order book, 22 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 Nado live order book, 22 min ago	1.96 bp	9.4 bp −$9	18.9 bp −$189	doesn't fit	doesn't fit
Sell Deribit live order book, 22 min ago	6.92 bp	10.4 bp −$10	doesn't fit	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	0.4331	−0.157%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4330	−0.164%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0004%	1h	0.4334	−0.075%	$243K	$141K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.314%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4342	+0.108%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERPlong	+0.0100%	1h	0.4338	long leg	$348K	$893K	10x
Aster ONDOUSDT	+0.0100%	4h	0.4337	−0.012%	$780K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4337	−0.012%	$62.7M	$234.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4334	−0.081%	$67.9M	$124.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4335	−0.058%	$17.3M	$72.5M	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	+0.062%	$71K	$81K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4335	−0.069%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4336	−0.035%	$12.6M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4337	−0.012%	$43.5M	$42.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4337	−0.012%	$12.0M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4336	−0.035%	$24.8M	$38.0M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4337	−0.012%	—	$23.3M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4332	−0.131%	$172K	$993K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4342	+0.098%	$667K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4334	−0.084%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4329	−0.190%	$401K	$1.4M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4332	−0.127%	$133K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4336	−0.039%	$61K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4331	−0.150%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4335	−0.058%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4333	−0.104%	$450	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4342	+0.104%	$129K	$401K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4332	−0.127%	$4.2M	$8.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4338	+0.006%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4335	−0.059%	$358K	$821K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4335	−0.046%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0154%	1h	0.4342	+0.095%	$36.4M	$27.1M	10x	as long as short
01 Exchange ONDOUSD	+0.0208%	1h	0.4339	+0.025%	$357	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUALshort	+0.0212%	1h	0.4334	−0.081%	$18K	$362K	25x
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4342	+0.104%	$215K	$728K	50x	as long as short
Phoenix ONDO	+0.0313%	1h	0.4336	−0.025%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4334	−0.081%	$3.1M	$3.2M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0573% / S −0.0203%	1h	0.4332	−0.129%	$495K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1158%	1h	0.4333	−0.109%	$2K	—	20x	as long as short