Funding you earn now, next payment 07:00 UTC−0.0343%/8h= −37.6% APRnext payment −$0.43 per $10,000 · paid last 24h −0.018%
Price spread now: Nado against Deribit+0.173%74s7-day average −0.024% · 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−$340.339% of the position
Funding, last 3 days (all we have)−0.066%−$7 on $10k
+Price spread, last 4 days (all we have)−0.192%−$19 · spread now +0.173%, 7d avg −0.024%
=Together, before fees−0.257%+ Points / potential airdropNado: Active · farm board−$26 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Nado is 0.197% dearer against Deribit than usual: you sell high and buy low (spread +0.173% now, against its 7-day average of −0.024%): +$20 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 46 hours. At the pace of the last 3 days (−0.066% in total) that is about 10 days. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.066% in total (about -6.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.43 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ONDO_USDC-PERPETUAL | 0.4332 | 0.0443 | pay 0.0055% / 1h | 46m 40s | $18K | $362K | 25x |
| Short | Nado ONDO-PERP | 0.4340 | 0.0100 | get 0.0012% / 1h | 46m 40s | $346K | $894K | 10x |
Deribit ONDO_USDC-PERPETUAL
Nado ONDO-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$72.03
- Price spread: +0.173% → −0.024%
- $19.73
- Slippage, 4 orders
- −$19.87
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$86.17
- Costs to cover
- 0.339%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 62 min ago; Nado: live order book, 62 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 Deribit live order book, 62 min ago | 5.76 bp | 11.6 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 62 min ago | 0.46 bp | 5.4 bp −$5 | 21.2 bp −$212 | 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 | 0.4329 | −0.060% | $2.5M | $7.8M | 50x | as long as short |
| dYdX ONDO-USD | 0.0000% | 1h | 0.4330 | −0.058% | $243K | $137K | 5x | as long as short |
| gTrade (Gains Network) ONDO/USD | L +0.0003% / S −0.0011% | 1h | 0.4329 | −0.072% | $7K | — | 150x | as long as short |
| Injective ONDO/USDC PERP | +0.0033% | 1h | 0.4568 | +5.448% | $888 | $216K | 5.5x | as long as short |
| Lighter ONDO | +0.0096% | 1h | 0.4332 | −0.007% | $1.1M | $2.4M | 10x | as long as short |
| Nado ONDO-PERPshort | +0.0100% | 1h | 0.4340 | +0.173% | $346K | $894K | 10x | |
| Aster ONDOUSDT | +0.0100% | 4h | 0.4332 | 0.000% | $774K | $2.7M | 20x | as long as short |
| Binance ONDOUSDT | +0.0100% | 4h | 0.4329 | −0.059% | $62.9M | $238.5M | 75x | as long as short |
| Bybit ONDOUSDT | +0.0100% | 4h | 0.4327 | −0.115% | $67.5M | $126.5M | 50x | as long as short |
| OKX ONDO-USDT-SWAP | +0.0100% | 4h | 0.4329 | −0.069% | $17.2M | $73.6M | 50x | as long as short |
Kraken Futures PF_ONDOUSD
dYdX ONDO-USD
gTrade (Gains Network) ONDO/USD
Injective ONDO/USDC PERP
Lighter ONDO
Aster ONDOUSDT
Binance ONDOUSDT
Bybit ONDOUSDT
OKX ONDO-USDT-SWAPShow 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 | +0.362% | $71K | $83K | 10x | as long as short |
| RISEx ONDO/USDC | +0.0100% | 1h | 0.4327 | −0.125% | — | — | 5x | as long as short |
| Gate ONDO_USDT | +0.0100% | 4h | 0.4328 | −0.092% | $12.4M | $15.9M | 50x | as long as short |
| MEXC ONDO_USDT | +0.0100% | 4h | 0.4329 | −0.069% | $43.0M | $42.3M | 200x | as long as short |
| KuCoin ONDOUSDTM | +0.0100% | 4h | 0.4328 | −0.092% | $11.9M | $10.5M | 50x | as long as short |
| Bitget ONDOUSDT | +0.0100% | 4h | 0.4328 | −0.092% | $24.9M | $39.5M | 50x | as long as short |
| BingX ONDO-USDT | +0.0100% | 4h | 0.4328 | −0.092% | — | $23.7M | — | as long as short |
| Backpack ONDO_USDC_PERP | +0.0100% | 1h | 0.4331 | −0.028% | $177K | $995K | 15x | as long as short |
| Variational Omni ONDO | +0.0100% | 4h | 0.4337 | +0.110% | $642K | $1.7M | — | as long as short |
| edgeX ONDOUSDC | +0.0100% | 4h | 0.4342 | +0.234% | $4K | $317K | 20x | as long as short |
| GRVT ONDO_USDT_Perp | +0.0100% | 4h | 0.4343 | +0.254% | $408K | $1.4M | 10x | as long as short |
| ApeX Omni ONDOUSDT | +0.0100% | 1h | 0.4342 | +0.231% | $133K | $340K | 50x | as long as short |
| Polymarket Perps ONDO-USD | +0.0100% | 1h | 0.4333 | +0.016% | $60K | $1.4M | 10x | as long as short |
| Orderly PERP_ONDO_USDC | +0.0100% | 4h | 0.4329 | −0.069% | $23K | $6K | 10x | as long as short |
| SunX ONDO-USDT | +0.0100% | 4h | 0.4330 | −0.046% | — | $1.4M | 20x | as long as short |
| SoDEX ONDO-USD | +0.0100% | 1h | 0.4331 | −0.023% | $450 | $13K | 10x | as long as short |
| HTX ONDO-USDT | +0.0100% | 4h | 0.4340 | +0.185% | $129K | $429K | 50x | as long as short |
| Phemex ONDOUSDT | +0.0100% | 4h | 0.4332 | 0.000% | $4.2M | $8.5M | 50x | as long as short |
| Paradex ONDO-USD-PERP | +0.0100% | 8h | 0.4328 | −0.086% | $6K | — | 10x | as long as short |
| Extended ONDO-USD | +0.0104% | 1h | 0.4327 | −0.108% | $393K | $796K | 25x | as long as short |
| Aevo ONDO-PERP | +0.0104% | 1h | 0.4333 | +0.012% | $38K | $13K | 3x | as long as short |
| 01 Exchange ONDOUSD | +0.0200% | 1h | 0.4333 | +0.030% | $357 | $2K | 10x | as long as short |
| Coinbase International ONDO-PERP-INTX | +0.0264% | 1h | 0.4339 | +0.162% | $214K | $728K | 50x | as long as short |
| Phoenix ONDO | +0.0313% | 1h | 0.4349 | +0.399% | $35K | $223K | 10x | as long as short |
| BloFin ONDO-USDT | +0.0340% | 4h | 0.4334 | +0.046% | $3.2M | $3.2M | 75x | as long as short |
| Hyperliquid ONDO | +0.0384% | 1h | 0.4331 | −0.025% | $36.4M | $27.2M | 10x | as long as short |
| Deribit ONDO_USDC-PERPETUALlong | +0.0443% | 1h | 0.4332 | long leg | $18K | $362K | 25x | |
| GMX ONDO/USD [ETH-USDC] | L +0.0562% / S −0.0197% | 1h | 0.4329 | −0.077% | $487K | — | 100x | as long as short |
| Reya ONDORUSDPERP | +0.1157% | 1h | 0.4330 | −0.040% | $2K | — | 20x | as long as short |
Ondo Perps ONDO-USD.P
RISEx ONDO/USDC
Gate ONDO_USDT
MEXC ONDO_USDT
KuCoin ONDOUSDTM
Bitget ONDOUSDT
BingX ONDO-USDT
Backpack ONDO_USDC_PERP
Variational Omni ONDO
edgeX ONDOUSDC
GRVT ONDO_USDT_Perp
ApeX Omni ONDOUSDT
Polymarket Perps ONDO-USD
Orderly PERP_ONDO_USDC
SunX ONDO-USDT
SoDEX ONDO-USD
HTX ONDO-USDT
Phemex ONDOUSDT
Paradex ONDO-USD-PERP
Extended ONDO-USD
Aevo ONDO-PERP
01 Exchange ONDOUSD
Coinbase International ONDO-PERP-INTX
Phoenix ONDO
BloFin ONDO-USDT
Hyperliquid ONDO
GMX ONDO/USD [ETH-USDC]
Reya ONDORUSDPERP