ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0341%/8h= −37.4% APRnext payment −$0.43 per $10,000 · paid last 24h +0.049%

Price spread now: Kraken Futures against Nado+0.025%46s7-day average +0.070% · 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—prices read too far apart to compare

costs, in and out, $10k−$460.464% of the position

Long on Nado Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.251%+$25 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.025%, 7d avg +0.070%

Together, before fees+0.259%+ Points / potential airdropNado: Active · farm board+$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Kraken Futures is 0.044% cheaper against Nado than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.070%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.251%, so the current rate has only just turned against you. 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	0.4323	0.0100	pay 0.0012% / 1h	44m 28s	$350K	$874K	10x
Short	Kraken Futures PF_ONDOUSD	0.4324	−0.0241	pay 0.0030% / 1h	44m 28s	$2.6M	$7.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$71.67
Price spread: +0.025% → +0.070%: −$4.44
Slippage, 4 orders: −$29.37
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$122.48
Costs to cover: 0.464%
Break-even: never at this rate

Slippage from Nado: live order book, 4 min ago; Kraken Futures: live order book, 4 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, 4 min ago	0.46 bp	7.7 bp −$8	18.8 bp −$188	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	4.61 bp	19.4 bp −$19	29.1 bp −$291	399.7 bp −$40.0K	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_ONDOUSDshort	−0.0241%	1h	0.4324	+0.025%	$2.6M	$7.8M	50x
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4326	+0.069%	$18K	$362K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4324	+0.022%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0033%	1h	0.4325	+0.049%	$248K	$133K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.667%	$888	$216K	5.5x	as long as short
01 Exchange ONDOUSD	+0.0048%	1h	0.4324	+0.028%	$356	$2K	10x	as long as short
Lighter ONDO	+0.0096%	1h	0.4328	+0.120%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4325	+0.046%	$23K	$6K	10x	as long as short
Nado ONDO-PERPlong	+0.0100%	1h	0.4323	long leg	$350K	$874K	10x
Hyperliquid ONDO	+0.0100%	1h	0.4325	+0.051%	$36.3M	$25.9M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ONDOUSDT	+0.0100%	4h	0.4327	+0.093%	$775K	$2.6M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4325	+0.046%	$62.3M	$234.3M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4324	+0.023%	$67.3M	$125.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4325	+0.046%	$17.2M	$72.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4332	+0.213%	$71K	$82K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4323	−0.004%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4325	+0.046%	$12.1M	$16.3M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4325	+0.046%	$43.0M	$41.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4323	0.000%	$12.1M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4325	+0.046%	$24.8M	$39.9M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4324	+0.023%	—	$23.5M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4326	+0.065%	$176K	$984K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4329	+0.133%	$665K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4335	+0.274%	$4K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4334	+0.257%	$399K	$1.2M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4333	+0.231%	$134K	$355K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4325	+0.046%	$67K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4326	+0.069%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4327	+0.093%	$450	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4340	+0.393%	$128K	$428K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4326	+0.069%	$4.1M	$8.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4325	+0.058%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4324	+0.014%	$389K	$793K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4328	+0.124%	$38K	$13K	3x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4346	+0.532%	$218K	$767K	50x	as long as short
Phoenix ONDO	+0.0332%	1h	0.4342	+0.446%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4327	+0.093%	$3.1M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0561% / S −0.0197%	1h	0.4326	+0.063%	$487K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1155%	1h	0.4324	+0.034%	$2K	—	20x	as long as short