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: ApeX Omni against Coinbase International+0.092%7-day average −0.184% · you sell dearer than you buy

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

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

Long on Coinbase International Short on ApeX Omni

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)−0.388%−$39 · spread now +0.092%, 7d avg −0.184%

Together, before fees−1.140%−$114 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.276% dearer against Coinbase International than usual: you sell high and buy low (spread +0.092% now, against its 7-day average of −0.184%): +$28 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 5.6 days. At the pace of the last 7 days (−0.752% in total) that is about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ONDO-PERP-INTX	0.4328	0.0264	pay 0.0033% / 1h	44m 55s	$214K	$727K	50x
Short	ApeX Omni ONDOUSDT	0.4332	0.0100	get 0.0013% / 1h	44m 55s	$133K	$340K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Coinbase International. 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 Coinbase InternationalbpFee ApeX OmnibpOrdersPrice spread, now +0.092%Rate

Funding earned: −$34.44
Price spread: +0.092% → −0.184%: $27.65
Slippage, 4 orders: −$35.18
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$61.97
Costs to cover: 0.552%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 63 min ago; ApeX Omni: live order book, 63 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 Coinbase International live order book, 63 min ago	8.07 bp	26.2 bp −$26	79.1 bp −$791	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 63 min ago	1.15 bp	7.6 bp −$8	22.1 bp −$221	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	0.4336	+0.174%	$2.5M	$7.8M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4325	−0.064%	$243K	$137K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4335	+0.159%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.545%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4339	+0.259%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4334	+0.150%	$348K	$897K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4335	+0.168%	$775K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4333	+0.116%	$62.9M	$238.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4331	+0.069%	$67.5M	$126.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4332	+0.092%	$17.2M	$73.6M	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	0.4348	+0.455%	$71K	$83K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4325	−0.074%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4332	+0.092%	$12.4M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4333	+0.116%	$42.9M	$42.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4334	+0.139%	$11.9M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4334	+0.139%	$24.9M	$39.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4333	+0.116%	—	$23.7M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4337	+0.217%	$177K	$995K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4324	−0.098%	$643K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4332	+0.093%	$4K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4332	+0.084%	$401K	$1.4M	10x	as long as short
ApeX Omni ONDOUSDTshort	+0.0100%	1h	0.4332	+0.092%	$133K	$340K	50x
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4336	+0.187%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4336	+0.185%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4326	−0.046%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4336	+0.185%	$451	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4335	+0.162%	$128K	$429K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4336	+0.185%	$4.2M	$8.5M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4324	−0.098%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4331	+0.059%	$393K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4340	+0.266%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0192%	1h	0.4327	−0.028%	$356	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTXlong	+0.0264%	1h	0.4328	long leg	$214K	$727K	50x
Phoenix ONDO	+0.0313%	1h	0.4331	+0.076%	$34K	$223K	10x	as long as short
Hyperliquid ONDO	+0.0333%	1h	0.4337	+0.208%	$36.4M	$27.3M	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4336	+0.185%	$3.2M	$3.2M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0442%	1h	0.4338	+0.231%	$18K	$362K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0562% / S −0.0197%	1h	0.4335	+0.171%	$487K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1157%	1h	0.4334	+0.145%	$2K	—	20x	as long as short