ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0477%/8h= +52.2% APRnext payment +$0.60 per $10,000 · paid last 24h +1.394%

Price spread now: dYdX against Nado−0.121%7-day average −0.014% · 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−$123as in the Price arb table

costs, in and out, $10k−$1131.127% of the position

Long on Nado Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+2.677%+$268 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now −0.121%, 7d avg −0.014%

Together, before fees+2.618%+ Points / potential airdropNado: Active · farm board+$262 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.108% cheaper against Nado than usual: you would sell low and buy high (spread −0.121% now, against its 7-day average of −0.014%). If the spread goes back, that is −$11 on $10k: about 18 hours of funding at the current rate (+$14 a day). At the pace of the last 3 days (+2.677% in total) that is about 3 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ONDO-PERP	0.4355	0.0100	pay 0.0012% / 1h	18m 22s	$359K	$840K	10x
Short	dYdX ONDO-USD	0.4350	0.0577	get 0.0072% / 1h	18m 22s	$246K	$129K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.121%Rate

Funding earned: $100.13
Price spread: −0.121% → −0.014%: −$10.77
Slippage, 4 orders: −$95.7
Fee Nado: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$23.34
Costs to cover: 1.127%
Break-even: 8.6 days

Slippage from Nado: live order book, 35 min ago; dYdX: live order book, 36 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, 35 min ago	1.02 bp	7.7 bp −$8	17.0 bp −$170	doesn't fit	doesn't fit
Sell dYdX live order book, 36 min ago	18.13 bp	66.2 bp −$66	201.9 bp −$2,019	230.4 bp −$23.0K	855.9 bp −$427.9K

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	−0.0161%	1h	0.4356	+0.017%	$2.6M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4355	−0.009%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.879%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4361	+0.129%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4356	+0.011%	$23K	$6K	10x	as long as short
Nado ONDO-PERPlong	+0.0100%	1h	0.4355	long leg	$359K	$840K	10x
Binance ONDOUSDT	+0.0100%	4h	0.4358	+0.054%	$62.9M	$230.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4356	+0.011%	$67.7M	$124.6M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4359	+0.080%	$17.0M	$72.2M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4345	−0.248%	$72K	$83K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4351	−0.108%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4355	−0.011%	$11.8M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4355	−0.011%	$43.1M	$42.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4355	−0.011%	$12.6M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4356	+0.011%	$24.9M	$39.6M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4354	−0.034%	—	$759K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4353	−0.051%	$183K	$979K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4352	−0.086%	$702K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4357	+0.028%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4353	−0.058%	$403K	$1.2M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4359	+0.080%	$134K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4358	+0.046%	$66K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4353	−0.057%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4359	+0.080%	$453	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4358	+0.057%	$129K	$423K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4358	+0.057%	$4.2M	$8.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4351	−0.108%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4357	+0.036%	$393K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4360	+0.106%	$38K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0152%	4h	0.4358	+0.053%	$788K	$2.6M	20x	as long as short
01 Exchange ONDOUSD	+0.0160%	1h	0.4353	−0.048%	$358	$2K	10x	as long as short
Hyperliquid ONDO	+0.0186%	1h	0.4358	+0.067%	$37.4M	$24.4M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4362	+0.149%	$246K	$724K	50x	as long as short
Phoenix ONDO	+0.0327%	1h	0.4361	+0.124%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4353	−0.057%	$3.1M	$3.0M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0439%	1h	0.4360	+0.103%	$18K	$362K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0555% / S −0.0193%	1h	0.4355	−0.001%	$484K	—	100x	as long as short
dYdX ONDO-USDshort	+0.0577%	1h	0.4350	−0.121%	$246K	$129K	5x
Reya ONDORUSDPERP	+0.1154%	1h	0.4356	+0.023%	$2K	—	20x	as long as short