ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.1041%/8h= −114.0% APRnext payment −$1.30 per $10,000 · paid last 24h −0.297%

Price spread now: Nado against Reya+0.079%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Nado

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—+ Points / potential airdropReya: Active · Nado: Active · farm boardneeds both histories

The price spread pays, funding is against you. Nado is 0.079% dearer against Reya than usual: you sell high and buy low (spread +0.079% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$31 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ONDORUSDPERP	0.4583	0.1141	pay 0.0143% / 1h	23m 34s	$2K	—	20x
Short	Nado ONDO-PERP	0.4587	0.0100	get 0.0012% / 1h	23m 34s	$433K	$701K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Reya. 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 ReyabpFee NadobpOrdersPrice spread, now +0.079%Rate

Funding earned: −$218.6
Price spread: +0.079% → 0.000%: $7.9
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$223.7
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Nado: live order book, 60 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Nado live order book, 60 min ago	0.66 bp	7.4 bp −$7	23.3 bp −$233	doesn't fit	doesn't fit

Reya: 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
Kraken Futures PF_ONDOUSD	−0.0351%	1h	0.4578	−0.109%	$2.8M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4583	+0.009%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4577	−0.128%	$25K	$8K	10x	as long as short
Nado ONDO-PERPshort	+0.0100%	1h	0.4587	+0.079%	$433K	$701K	10x
Aster ONDOUSDT	+0.0100%	4h	0.4586	+0.063%	$733K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4588	+0.112%	$67.9M	$226.2M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4585	+0.046%	$75.4M	$121.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4583	+0.003%	$18.0M	$81.9M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4588	+0.105%	$74K	$88K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4589	+0.132%	—	—	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ONDO_USDT	+0.0100%	4h	0.4590	+0.155%	$12.0M	$18.4M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4583	+0.003%	$48.8M	$44.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4584	+0.024%	$13.8M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4584	+0.024%	$26.0M	$41.9M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4590	+0.155%	—	$742K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4580	−0.061%	$238K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4570	−0.283%	$781K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4578	−0.112%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4578	−0.112%	$429K	$938K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4578	−0.106%	$164K	$330K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4585	+0.044%	$72K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4581	−0.041%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4580	−0.063%	$476	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4585	+0.046%	$133K	$506K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4578	−0.106%	$4.8M	$6.5M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4571	−0.250%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4590	+0.147%	$409K	$857K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4583	+0.002%	$45K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4576	−0.148%	$29K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4568	−0.325%	$888	$216K	5.5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4581	−0.041%	$301K	$868K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4577	−0.128%	$3.2M	$3.1M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0405%	1h	0.4580	−0.063%	$26K	$396K	25x	as long as short
01 Exchange ONDOUSD	+0.0408%	1h	0.4595	+0.258%	$378	$2K	10x	as long as short
Hyperliquid ONDO	+0.0416%	1h	0.4590	+0.162%	$41.2M	$26.4M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0624% / S −0.0204%	1h	0.4578	−0.110%	$570K	—	100x	as long as short
Lighter ONDO	+0.0672%	1h	0.4583	+0.007%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERPlong	+0.1141%	1h	0.4583	long leg	$2K	—	20x
dYdX ONDO-USD	+0.3531%	1h	0.4570	−0.273%	$259K	$129K	5x	as long as short