ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.2909%/8h= −318.5% APRnext payment −$3.64 per $10,000 · paid last 24h −1.198%

Price spread now: GMX against dYdX−0.099%7-day average +0.005% · you buy dearer than you sell

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

Long on dYdX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−2.639%−$264 on $10k

Price spread, last 4 days (all we have)−0.072%−$7 · spread now −0.099%, 7d avg +0.005%

Together, before fees−2.711%−$271 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$87 a day on $10k at the current rate, and GMX is 0.104% cheaper against dYdX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.005%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ONDO-USD	0.4371	0.3117	pay 0.0390% / 1h	13m 49s	$250K	$159K	5x
Short	GMX ONDO/USD [ETH-USDC]	0.4366	L +0.0583% / S −0.0208%	get 0.0026% / 1h	13m 49s	$506K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.099%Rate

Funding earned: −$610.9
Price spread: −0.099% → +0.005%: −$10.39
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$643.28
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: dYdX: live order book, 20 min ago; GMX: no order-book sample. 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 dYdX live order book, 20 min ago	14.91 bp	20.6 bp −$21	90.9 bp −$909	130.2 bp −$13.0K	307.8 bp −$153.9K
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.0175%	1h	0.4372	+0.022%	$2.5M	$7.5M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4369	−0.041%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.512%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4375	+0.092%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4371	+0.016%	$342K	$886K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4372	+0.027%	$763K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4368	−0.061%	$63.7M	$230.2M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4368	−0.064%	$68.4M	$120.6M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4370	−0.018%	$17.4M	$70.6M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4378	+0.158%	$72K	$78K	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	0.4370	−0.027%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4368	−0.064%	$13.5M	$15.3M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4370	−0.018%	$43.7M	$42.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4369	−0.041%	$12.3M	$10.2M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4370	−0.018%	$25.4M	$35.8M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4369	−0.041%	—	$23.1M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4371	0.000%	$181K	$998K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4371	+0.002%	$741K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4365	−0.140%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4361	−0.224%	$412K	$1.7M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4365	−0.133%	$135K	$338K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4371	+0.016%	$61K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4371	+0.005%	$24K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4372	+0.027%	—	$1.3M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4372	+0.027%	$2K	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4381	+0.233%	$132K	$363K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4368	−0.064%	$4.3M	$9.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4372	+0.030%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4366	−0.114%	$363K	$814K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4375	+0.094%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0208%	1h	0.4373	+0.050%	$29K	$360K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4376	+0.119%	$216K	$708K	50x	as long as short
01 Exchange ONDOUSD	+0.0272%	1h	0.4374	+0.066%	$360	$2K	10x	as long as short
Phoenix ONDO	+0.0277%	1h	0.4366	−0.114%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4372	+0.027%	$3.2M	$3.1M	75x	as long as short
Hyperliquid ONDO	+0.0446%	1h	0.4374	+0.071%	$36.8M	$28.0M	10x	as long as short
GMX ONDO/USD [ETH-USDC]short	L +0.0583% / S −0.0208%	1h	0.4366	−0.099%	$506K	—	100x
Reya ONDORUSDPERP	+0.1163%	1h	0.4369	−0.046%	$2K	—	20x	as long as short
dYdX ONDO-USDlong	+0.3117%	1h	0.4371	long leg	$250K	$159K	5x