ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0164%/8h= +18.0% APRnext payment +$0.20 per $10,000 · paid last 24h +0.105%

Price spread now: Coinbase International against ApeX Omni+0.462%75s7-day average +0.182% · you sell dearer than you buy

Net, funding: paid 7d − costs+$20as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$550.552% of the position

Long on ApeX Omni Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.752%+$75 on $10k

Price spread, last 4 days (all we have)−0.117%−$12 · spread now +0.462%, 7d avg +0.182%

Together, before fees+0.635%+$63 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Coinbase International is 0.280% dearer against ApeX Omni than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of +0.182%. The two prices were read 75 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	ApeX Omni ONDOUSDT	0.4327	0.0100	pay 0.0013% / 1h	50m 02s	$132K	$356K	50x
Short	Coinbase International ONDO-PERP-INTX	0.4347	0.0264	get 0.0033% / 1h	50m 02s	$215K	$729K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against ApeX Omni. 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 ApeX OmnibpFee Coinbase InternationalbpOrdersPrice spread, now +0.462%Rate

Funding earned: $34.44
Price spread: +0.462% → +0.182%: $28.04
Slippage, 4 orders: −$35.18
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $7.31
Costs to cover: 0.552%
Break-even: 5.5 days

Slippage from ApeX Omni: live order book, 57 min ago; Coinbase International: live order book, 58 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 ApeX Omni live order book, 57 min ago	1.15 bp	7.8 bp −$8	23.0 bp −$230	doesn't fit	doesn't fit
Sell Coinbase International live order book, 58 min ago	8.07 bp	13.6 bp −$14	56.9 bp −$569	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	−0.0145%	1h	0.4350	+0.522%	$2.6M	$7.8M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4342	+0.347%	$244K	$137K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4350	+0.529%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.570%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4354	+0.629%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4334	+0.162%	$346K	$894K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4351	+0.555%	$777K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4347	+0.462%	$63.1M	$238.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4344	+0.393%	$67.7M	$126.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4345	+0.416%	$17.3M	$73.9M	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	0.4330	+0.065%	$71K	$82K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4346	+0.433%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4349	+0.508%	$12.4M	$15.9M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4351	+0.555%	$43.2M	$42.2M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4350	+0.532%	$12.0M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4350	+0.532%	$25.0M	$39.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4350	+0.532%	—	$23.7M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4351	+0.559%	$178K	$995K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4337	+0.226%	$642K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4327	+0.006%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4330	+0.069%	$403K	$1.4M	10x	as long as short
ApeX Omni ONDOUSDTlong	+0.0100%	1h	0.4327	long leg	$132K	$356K	50x
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4352	+0.585%	$61K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4349	+0.508%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4351	+0.555%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4351	+0.555%	$452	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4356	+0.670%	$129K	$429K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4351	+0.555%	$4.2M	$8.5M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4348	+0.476%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4349	+0.499%	$393K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4352	+0.578%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0208%	1h	0.4349	+0.504%	$358	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTXshort	+0.0264%	1h	0.4347	+0.462%	$215K	$729K	50x
Phoenix ONDO	+0.0313%	1h	0.4333	+0.143%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4338	+0.254%	$3.2M	$3.2M	75x	as long as short
Hyperliquid ONDO	+0.0437%	1h	0.4353	+0.599%	$36.7M	$27.1M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0563% / S −0.0197%	1h	0.4350	+0.528%	$489K	—	100x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0670%	1h	0.4352	+0.578%	$18K	$362K	25x	as long as short
Reya ONDORUSDPERP	+0.1157%	1h	0.4350	+0.537%	$2K	—	20x	as long as short