ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0280%/8h= −30.7% APRnext payment −$0.35 per $10,000 · paid last 24h +1.481%

Price spread now: dYdX against Coinbase International−0.771%7-day average −0.238% · you buy dearer than you sell

Net, funding: paid 7d − costs−$233as in the Funding arb table

Net, price: spread back to 7d avg − costs−$483as in the Price arb table

costs, in and out, $10k−$4294.293% of the position

Long on Coinbase International Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.963%+$196 on $10k

Price spread, last 3 days (all we have)+0.538%+$54 · spread now −0.771%, 7d avg −0.238%

Together, before fees+2.501%+$250 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and dYdX is 0.533% cheaper against Coinbase International than usual: you would sell low and buy high (−$53 if the spread goes back to its 7-day average of −0.238%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.963%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ONDO-PERP-INTX	0.4631	0.0280	pay 0.0035% / 1h	26m 06s	$300K	$827K	50x
Short	dYdX ONDO-USD	0.4595	0	get 0.0000% / 1h	26m 06s	$260K	$131K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.771%Rate

Funding earned: −$58.8
Price spread: −0.771% → −0.238%: −$53.28
Slippage, 4 orders: −$409.34
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$541.42
Costs to cover: 4.293%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 47 min ago; dYdX: live order book, 48 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, 47 min ago	8.77 bp	25.9 bp −$26	46.2 bp −$462	doesn't fit	doesn't fit
Sell dYdX live order book, 48 min ago	91.11 bp	293.6 bp −$294	295.5 bp −$2,955	607.8 bp −$60.8K	1660.0 bp −$830.0K

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	−0.0865%	1h	0.4618	−0.284%	$2.8M	$8.0M	50x	as long as short
dYdX ONDO-USDshort	0.0000%	1h	0.4595	−0.771%	$260K	$131K	5x
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4616	−0.322%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−1.360%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4615	−0.345%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4614	−0.367%	$433K	$710K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4620	−0.229%	$730K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4619	−0.259%	$69.3M	$223.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4618	−0.281%	$74.6M	$119.7M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4618	−0.281%	$17.7M	$79.0M	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	0.4588	−0.933%	$73K	$91K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4608	−0.501%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4617	−0.302%	$12.1M	$16.7M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4619	−0.259%	$50.3M	$41.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4619	−0.259%	$14.3M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4619	−0.259%	$26.2M	$39.0M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4618	−0.281%	—	$22.1M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4622	−0.192%	$232K	$999K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4616	−0.330%	$820K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4600	−0.661%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4605	−0.553%	$426K	$959K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4601	−0.648%	$172K	$349K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4618	−0.272%	$74K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4610	−0.453%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4619	−0.259%	$480	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4627	−0.086%	$136K	$492K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4619	−0.259%	$4.6M	$7.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4604	−0.584%	$7K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4616	−0.313%	$417K	$826K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4620	−0.238%	$40K	$13K	3x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4603	−0.613%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0264%	1h	0.4610	−0.447%	$379	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTXlong	+0.0280%	1h	0.4631	long leg	$300K	$827K	50x
Hyperliquid ONDO	+0.0317%	1h	0.4622	−0.184%	$41.1M	$25.6M	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4596	−0.756%	$3.3M	$3.0M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0400%	1h	0.4619	−0.259%	$34K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0592% / S −0.0188%	1h	0.4616	−0.315%	$551K	—	100x	as long as short
Lighter ONDO	+0.0608%	1h	0.4628	−0.073%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1145%	1h	0.4616	−0.329%	$2K	—	20x	as long as short