ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0213%/8h= −23.3% APRnext payment −$0.27 per $10,000 · paid last 24h −0.018%

Price spread now: Nado against Phoenix+0.016%57s7-day average −0.085% · 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−$430.430% of the position

Long on Phoenix Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.005%$0 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.016%, 7d avg −0.085%

Together, before fees+0.005%+ Points / potential airdropNado: Active · farm board$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.101% dearer against Phoenix than usual: you sell high and buy low (spread +0.016% now, against its 7-day average of −0.085%): +$10 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 38 hours. At the pace of the last 3 days (−0.005% in total) that is about 3 months. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.005% in total (about -0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.27 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ONDO	0.4318	0.0313	pay 0.0039% / 1h	28m 04s	$35K	$223K	10x
Short	Nado ONDO-PERP	0.4319	0.0100	get 0.0012% / 1h	28m 04s	$347K	$894K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Phoenix. 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 PhoenixbpFee NadobpOrdersPrice spread, now +0.016%Rate

Funding earned: −$44.69
Price spread: +0.016% → −0.085%: $10.09
Slippage, 4 orders: −$28.95
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$77.56
Costs to cover: 0.430%
Break-even: never at this rate

Slippage from Phoenix: live order book, 9 min ago; Nado: live order book, 15 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 Phoenix live order book, 9 min ago	0.93 bp	12.6 bp −$13	51.5 bp −$515	doesn't fit	doesn't fit
Sell Nado live order book, 15 min ago	1.96 bp	8.4 bp −$8	24.1 bp −$241	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	−0.0147%	1h	0.4317	−0.034%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4317	−0.029%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0005%	1h	0.4314	−0.093%	$242K	$141K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.782%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4322	+0.093%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERPshort	+0.0100%	1h	0.4319	+0.016%	$347K	$894K	10x
Aster ONDOUSDT	+0.0100%	4h	0.4320	+0.045%	$775K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4323	+0.100%	$62.6M	$235.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4321	+0.063%	$67.6M	$124.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4322	+0.086%	$17.2M	$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	0.4306	−0.283%	$71K	$81K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4316	−0.057%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4318	−0.007%	$12.4M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4318	−0.007%	$43.2M	$42.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4318	−0.007%	$11.9M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4321	+0.063%	$24.7M	$38.8M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4320	+0.039%	—	$23.3M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4320	+0.035%	$171K	$994K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4313	−0.129%	$665K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4313	−0.119%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4315	−0.074%	$408K	$1.4M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4317	−0.030%	$132K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4320	+0.042%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4317	−0.030%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4318	−0.007%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4320	+0.039%	$449	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4325	+0.155%	$128K	$403K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4318	−0.007%	$4.2M	$8.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4317	−0.039%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4318	+0.004%	$391K	$786K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4321	+0.073%	$37K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0115%	1h	0.4323	+0.104%	$36.2M	$27.2M	10x	as long as short
01 Exchange ONDOUSD	+0.0176%	1h	0.4319	+0.009%	$355	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0213%	1h	0.4320	+0.039%	$18K	$362K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4327	+0.201%	$214K	$726K	50x	as long as short
Phoenix ONDOlong	+0.0313%	1h	0.4318	long leg	$35K	$223K	10x
BloFin ONDO-USDT	+0.0340%	4h	0.4320	+0.039%	$3.1M	$3.2M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0572% / S −0.0203%	1h	0.4317	−0.023%	$494K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1158%	1h	0.4318	−0.001%	$2K	—	20x	as long as short