ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h −1.302%

Price spread now: Nado against dYdX+0.098%7-day average +0.014% · 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−$94as in the Price arb table

costs, in and out, $10k−$1021.020% of the position

Long on dYdX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−2.689%−$269 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now +0.098%, 7d avg +0.014%

Together, before fees−2.655%+ Points / potential airdropNado: Active · farm board−$265 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Nado is 0.084% dearer against dYdX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.014%. Mind the row above: over the last 3 days funding on this pair cost −2.689%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ONDO-USD	0.4322	0.0004	pay 0.0001% / 1h	27m 01s	$243K	$141K	5x
Short	Nado ONDO-PERP	0.4326	0.0100	get 0.0012% / 1h	27m 01s	$347K	$894K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against dYdX. 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 dYdXbpFee NadobpOrdersPrice spread, now +0.098%Rate

Funding earned: $20.09
Price spread: +0.098% → +0.014%: $8.39
Slippage, 4 orders: −$85
Fee dYdX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$73.52
Costs to cover: 1.020%
Break-even: 32.6 days

Slippage from dYdX: live order book, 17 min ago; Nado: live order book, 16 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 dYdX live order book, 17 min ago	33.44 bp	38.4 bp −$38	38.4 bp −$384	136.2 bp −$13.6K	708.6 bp −$354.3K
Sell Nado live order book, 16 min ago	1.96 bp	8.4 bp −$8	24.1 bp −$241	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	0.4326	+0.097%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4317	−0.121%	$7K	—	150x	as long as short
dYdX ONDO-USDlong	+0.0004%	1h	0.4322	long leg	$243K	$141K	5x
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.685%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4331	+0.207%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERPshort	+0.0100%	1h	0.4326	+0.098%	$347K	$894K	10x
Aster ONDOUSDT	+0.0100%	4h	0.4330	+0.176%	$776K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4330	+0.179%	$62.6M	$235.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4327	+0.110%	$67.7M	$124.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4330	+0.179%	$17.2M	$72.5M	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	0.4306	−0.374%	$71K	$81K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4328	+0.130%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4327	+0.110%	$12.4M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4330	+0.179%	$43.3M	$42.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4327	+0.110%	$11.9M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4327	+0.110%	$24.8M	$38.2M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4328	+0.133%	—	$23.3M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4328	+0.137%	$172K	$993K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4313	−0.220%	$665K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4321	−0.035%	$5K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4315	−0.165%	$408K	$1.4M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4322	−0.006%	$132K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4330	+0.172%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4326	+0.086%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4329	+0.156%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4329	+0.156%	$450	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4335	+0.295%	$128K	$401K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4326	+0.086%	$4.2M	$8.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4326	+0.087%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4328	+0.132%	$391K	$786K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4331	+0.209%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0121%	1h	0.4332	+0.223%	$36.3M	$27.2M	10x	as long as short
01 Exchange ONDOUSD	+0.0176%	1h	0.4330	+0.172%	$356	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4327	+0.110%	$214K	$725K	50x	as long as short
Phoenix ONDO	+0.0313%	1h	0.4318	−0.092%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4326	+0.086%	$3.1M	$3.2M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0443%	1h	0.4330	+0.179%	$18K	$362K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0573% / S −0.0203%	1h	0.4327	+0.099%	$495K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1158%	1h	0.4318	−0.093%	$2K	—	20x	as long as short