ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0228%/8h= −25.0% APRnext payment −$0.29 per $10,000 · paid last 24h −0.117%

Price spread now: SoDEX against Coinbase International−0.501%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and SoDEX is 0.501% cheaper against Coinbase International than usual: you would sell low and buy high (−$50 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ONDO-PERP-INTX	0.4394	0.0328	pay 0.0041% / 1h	39m 53s	$276K	$718K	50x
Short	SoDEX ONDO-USD	0.4372	0.0100	get 0.0013% / 1h	39m 53s	$454	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.501%Rate

Funding earned: −$47.88
Price spread: −0.501% → 0.000%: −$50.07
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$115.95
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 18 min ago; SoDEX: no order-book sample. Net counts fees only.

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, 18 min ago	12.60 bp	21.8 bp −$22	54.0 bp −$540	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4372	−0.498%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4370	−0.546%	$2.6M	$7.9M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.960%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4374	−0.455%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4376	−0.398%	$370K	$843K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4371	−0.519%	$37.5M	$24.6M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4375	−0.434%	$63.1M	$229.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4373	−0.478%	$69.1M	$124.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4374	−0.455%	$17.0M	$72.7M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4381	−0.298%	$72K	$84K	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	0.4377	−0.382%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4368	−0.592%	$11.5M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4375	−0.432%	$45.7M	$41.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4374	−0.455%	$12.7M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4372	−0.501%	$24.9M	$39.8M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4375	−0.432%	—	$21.9M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4371	−0.530%	$187K	$981K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4369	−0.576%	$708K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4378	−0.371%	$4K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4376	−0.412%	$410K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4376	−0.410%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4378	−0.373%	$67K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4380	−0.319%	—	$1.4M	20x	as long as short
SoDEX ONDO-USDshort	+0.0100%	1h	0.4372	−0.501%	$454	$13K	10x
HTX ONDO-USDT	+0.0100%	4h	0.4383	−0.250%	$127K	$477K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4370	−0.546%	$4.2M	$7.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4378	−0.366%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4374	−0.463%	$396K	$794K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4377	−0.387%	$38K	$13K	3x	as long as short
Lighter ONDO	+0.0112%	1h	0.4372	−0.498%	$1.1M	$2.4M	10x	as long as short
Aster ONDOUSDT	+0.0213%	4h	0.4372	−0.500%	$742K	$2.4M	20x	as long as short
01 Exchange ONDOUSD	+0.0224%	1h	0.4381	−0.291%	$361	$2K	10x	as long as short
dYdX ONDO-USD	+0.0228%	1h	0.4378	−0.365%	$248K	$129K	5x	as long as short
Coinbase International ONDO-PERP-INTXlong	+0.0328%	1h	0.4394	long leg	$276K	$718K	50x
BloFin ONDO-USDT	+0.0340%	4h	0.4377	−0.387%	$3.1M	$3.0M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4374	−0.467%	$35K	$223K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0606% / S −0.0219%	1h	0.4373	−0.477%	$520K	—	100x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0665%	1h	0.4377	−0.387%	$23K	$346K	25x	as long as short
Reya ONDORUSDPERP	+0.1151%	1h	0.4376	−0.405%	$2K	—	20x	as long as short