ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.12 per $10,000 · paid last 24h −0.001%

Price spread now: Deribit against Nado+0.522%46s7-day average +0.029% · 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−$340.343% of the position

Long on Nado Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.047%+$5 on $10k

Price spread, last 3 days (all we have)−0.503%−$50 · spread now +0.522%, 7d avg +0.029%

Together, before fees−0.456%+ Points / potential airdropNado: Active · farm board−$46 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.493% dearer against Nado than usual: you sell high and buy low (spread +0.522% now, against its 7-day average of +0.029%): +$49 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 16 days. The two prices were read 46 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	Nado ONDO-PERP	0.4548	0.0100	pay 0.0012% / 1h	3m 33s	$427K	$705K	10x
Short	Deribit ONDO_USDC-PERPETUAL	0.4572	0	get 0.0000% / 1h	3m 33s	$33K	$339K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Nado. 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 NadobpFee DeribitbpOrdersPrice spread, now +0.522%Rate

Funding earned: −$21
Price spread: +0.522% → +0.029%: $49.32
Slippage, 4 orders: −$20.34
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$6.02
Costs to cover: 0.343%
Break-even: from the start

Slippage from Nado: live order book, 5 min ago; Deribit: live order book, 5 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 Nado live order book, 5 min ago	1.31 bp	8.2 bp −$8	19.5 bp −$195	doesn't fit	doesn't fit
Sell Deribit live order book, 5 min ago	4.35 bp	12.2 bp −$12	doesn't fit	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	−0.0874%	1h	0.4570	+0.489%	$2.8M	$7.9M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4553	+0.109%	$258K	$131K	5x	as long as short
Deribit ONDO_USDC-PERPETUALshort	0.0000%	1h	0.4572	+0.522%	$33K	$339K	25x
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4577	+0.634%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+0.434%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4575	+0.588%	$25K	$6K	10x	as long as short
Nado ONDO-PERPlong	+0.0100%	1h	0.4548	long leg	$427K	$705K	10x
Aster ONDOUSDT	+0.0100%	4h	0.4556	+0.165%	$718K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4548	−0.015%	$68.1M	$221.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4544	−0.093%	$73.2M	$119.2M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4546	−0.049%	$17.4M	$76.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4544	−0.098%	$73K	$91K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4547	−0.020%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4546	−0.049%	$11.9M	$16.8M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4546	−0.049%	$48.7M	$42.2M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4552	+0.082%	$14.1M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4546	−0.049%	$25.8M	$38.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4546	−0.049%	—	$22.1M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4576	+0.603%	$812K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4596	+1.052%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4579	+0.676%	$423K	$955K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4575	+0.588%	$171K	$332K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4582	+0.733%	$74K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4577	+0.632%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4572	+0.522%	$475	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4585	+0.808%	$135K	$492K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4569	+0.456%	$4.5M	$7.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4552	+0.079%	$7K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4545	−0.072%	$413K	$823K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4575	+0.577%	$40K	$13K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0108%	1h	0.4567	+0.414%	$229K	$1.0M	15x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4586	+0.821%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0280%	1h	0.4552	+0.089%	$375	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4596	+1.050%	$300K	$816K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4580	+0.698%	$3.3M	$2.9M	75x	as long as short
Hyperliquid ONDO	+0.0380%	1h	0.4559	+0.241%	$40.6M	$24.9M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0590% / S −0.0188%	1h	0.4576	+0.613%	$546K	—	100x	as long as short
Lighter ONDO	+0.0688%	1h	0.4562	+0.309%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1146%	1h	0.4578	+0.653%	$2K	—	20x	as long as short