ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0156%/8h= +17.1% APRnext payment +$0.20 per $10,000 · paid last 24h +0.093%

Price spread now: Coinbase International against Polymarket Perps+0.638%7-day average +0.165% · you sell dearer than you buy

Net, funding: paid 7d − costs+$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$710.712% of the position

Long on Polymarket Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.760%+$76 on $10k

Price spread, last 4 days (all we have)−0.889%−$89 · spread now +0.638%, 7d avg +0.165%

Together, before fees−0.129%−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Coinbase International is 0.473% dearer against Polymarket Perps than usual: you sell high and buy low: +$47 more if the spread goes back to its 7-day average of +0.165%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ONDO-USD	0.4313	0.0100	pay 0.0013% / 1h	30m 42s	$60K	$1.4M	10x
Short	Coinbase International ONDO-PERP-INTX	0.4340	0.0256	get 0.0032% / 1h	30m 42s	$214K	$720K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Polymarket Perps. 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 Polymarket PerpsbpFee Coinbase InternationalbpOrdersPrice spread, now +0.638%Rate

Funding earned: $32.76
Price spread: +0.638% → +0.165%: $47.25
Slippage, 4 orders: −$53.17
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $8.85
Costs to cover: 0.712%
Break-even: 5.1 days

Slippage from Polymarket Perps: live order book, 33 min ago; Coinbase International: live order book, 3 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 Polymarket Perps live order book, 33 min ago	2.08 bp	6.1 bp −$6	6.2 bp −$62	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	13.90 bp	20.4 bp −$20	64.1 bp −$641	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	−0.0177%	1h	0.4310	−0.056%	$2.5M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4312	−0.013%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.925%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4311	−0.030%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4313	0.000%	$342K	$887K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4309	−0.071%	$755K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4308	−0.114%	$62.9M	$233.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4305	−0.174%	$67.6M	$121.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4307	−0.128%	$17.2M	$71.2M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4336	+0.550%	$71K	$79K	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	0.4312	−0.007%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4306	−0.151%	$13.2M	$15.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4308	−0.104%	$43.8M	$42.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4307	−0.128%	$12.1M	$10.3M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4306	−0.151%	$24.8M	$36.4M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4307	−0.128%	—	$23.2M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4310	−0.063%	$178K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4310	−0.063%	$678K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4322	+0.226%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4333	+0.468%	$405K	$1.6M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4317	+0.104%	$134K	$339K	50x	as long as short
Polymarket Perps ONDO-USDlong	+0.0100%	1h	0.4313	long leg	$60K	$1.4M	10x
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4309	−0.081%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4310	−0.058%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4310	−0.058%	$2K	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4320	+0.174%	$128K	$369K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4310	−0.058%	$4.2M	$9.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4312	−0.016%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4306	−0.143%	$359K	$824K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4312	−0.012%	$37K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0214%	1h	0.4312	−0.012%	$18K	$351K	25x	as long as short
Coinbase International ONDO-PERP-INTXshort	+0.0256%	1h	0.4340	+0.638%	$214K	$720K	50x
01 Exchange ONDOUSD	+0.0272%	1h	0.4316	+0.079%	$355	$2K	10x	as long as short
Phoenix ONDO	+0.0277%	1h	0.4320	+0.183%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4316	+0.081%	$3.2M	$3.1M	75x	as long as short
Hyperliquid ONDO	+0.0547%	1h	0.4309	−0.077%	$36.2M	$27.6M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0581% / S −0.0208%	1h	0.4309	−0.090%	$499K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1162%	1h	0.4312	−0.006%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3390%	1h	0.4315	+0.065%	$242K	$155K	5x	as long as short