ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.23 per $10,000 · paid last 24h −0.100%

Price spread now: Nado against Coinbase International+0.064%45s7-day average −0.229% · 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−$650.645% of the position

Long on Coinbase International Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.485%−$48 on $10k

Price spread, last 4 days (all we have)−0.241%−$24 · spread now +0.064%, 7d avg −0.229%

Together, before fees−0.726%+ Points / potential airdropNado: Active · farm board−$73 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.293% dearer against Coinbase International than usual: you sell high and buy low (spread +0.064% now, against its 7-day average of −0.229%): +$29 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 5.4 days. At the pace of the last 4 days (−0.485% in total) that is about 2.1 days. The two prices were read 45 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	Coinbase International ONDO-PERP-INTX	0.4320	0.0280	pay 0.0035% / 1h	12m 30s	$213K	$732K	50x
Short	Nado ONDO-PERP	0.4323	0.0100	get 0.0012% / 1h	12m 30s	$346K	$886K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 NadobpOrdersPrice spread, now +0.064%Rate

Funding earned: −$37.8
Price spread: +0.064% → −0.229%: $29.28
Slippage, 4 orders: −$47.53
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$73.05
Costs to cover: 0.645%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 26 min ago; Nado: live order book, 26 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, 26 min ago	9.26 bp	32.6 bp −$33	74.6 bp −$746	doesn't fit	doesn't fit
Sell Nado live order book, 26 min ago	0.35 bp	9.0 bp −$9	19.3 bp −$193	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	−0.0176%	1h	0.4319	−0.030%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4319	−0.020%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.741%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4324	+0.083%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERPshort	+0.0100%	1h	0.4323	+0.064%	$346K	$886K	10x
Aster ONDOUSDT	+0.0100%	4h	0.4322	+0.055%	$756K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4320	0.000%	$62.9M	$233.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4319	−0.023%	$68.0M	$122.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4321	+0.023%	$17.3M	$71.7M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4324	+0.081%	$71K	$80K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4319	−0.031%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4320	0.000%	$13.0M	$15.9M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4319	−0.023%	$43.9M	$42.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4320	0.000%	$12.1M	$10.4M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4320	0.000%	$24.7M	$36.6M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4320	0.000%	—	$776K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4321	+0.016%	$176K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4314	−0.143%	$678K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4314	−0.149%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4315	−0.116%	$403K	$1.6M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4311	−0.208%	$132K	$339K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4321	+0.028%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4320	0.000%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4318	−0.046%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4322	+0.046%	$2K	$15K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4326	+0.139%	$128K	$369K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4320	0.000%	$4.2M	$8.9M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4319	−0.014%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4319	−0.013%	$360K	$814K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4323	+0.069%	$37K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0213%	1h	0.4323	+0.069%	$18K	$351K	25x	as long as short
01 Exchange ONDOUSD	+0.0256%	1h	0.4321	+0.014%	$356	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTXlong	+0.0280%	1h	0.4320	long leg	$213K	$732K	50x
Phoenix ONDO	+0.0315%	1h	0.4317	−0.060%	$35K	$221K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4319	−0.023%	$3.1M	$3.1M	75x	as long as short
Hyperliquid ONDO	+0.0383%	1h	0.4325	+0.104%	$36.5M	$27.3M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0572% / S −0.0203%	1h	0.4311	−0.207%	$493K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1161%	1h	0.4321	+0.031%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1708%	1h	0.4318	−0.058%	$242K	$156K	5x	as long as short