ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0431%/8h= +47.1% APRnext payment +$0.54 per $10,000 · paid last 24h +0.037%

Price spread now: Deribit against gTrade (Gains Network)+0.043%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Deribit

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—needs both histories

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Deribit is 0.043% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ONDO/USD	0.4388	L +0.0003% / S −0.0008%	pay 0.0000% / 1h	37m 33s	$6K	—	150x
Short	Deribit ONDO_USDC-PERPETUAL	0.4390	0.0434	get 0.0054% / 1h	37m 33s	$23K	$349K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee DeribitbpOrdersPrice spread, now +0.043%Rate

Funding earned: $90.42
Price spread: +0.043% → 0.000%: $4.33
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $77.75
Costs to cover: 0.170%
Break-even: 1.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Deribit: live order book, 26 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Deribit live order book, 26 min ago	6.80 bp	10.3 bp −$10	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): 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
dYdX ONDO-USD	0.0000%	1h	0.4384	−0.091%	$248K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USDlong	L +0.0003% / S −0.0008%	1h	0.4388	long leg	$6K	—	150x
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.100%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4387	−0.015%	$2.6M	$8.1M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4389	+0.021%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4401	+0.294%	$373K	$837K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4399	+0.239%	$63.9M	$225.7M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4398	+0.226%	$69.4M	$122.6M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4403	+0.340%	$17.0M	$71.9M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4396	+0.171%	$72K	$86K	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	0.4393	+0.106%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4391	+0.066%	$11.6M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4391	+0.066%	$47.1M	$41.2M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4389	+0.021%	$12.9M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4401	+0.294%	$25.1M	$39.6M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4391	+0.066%	—	$758K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4395	+0.149%	$711K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4396	+0.185%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4389	+0.028%	$405K	$983K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4392	+0.089%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4403	+0.335%	$70K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4390	+0.043%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4390	+0.043%	$456	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4394	+0.134%	$129K	$473K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4386	−0.048%	$4.2M	$7.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4395	+0.157%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4394	+0.141%	$397K	$789K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4392	+0.091%	$38K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0126%	4h	0.4392	+0.095%	$709K	$2.3M	20x	as long as short
Hyperliquid ONDO	+0.0148%	1h	0.4405	+0.387%	$38.2M	$24.4M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0176%	1h	0.4387	−0.018%	$189K	$979K	15x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4398	+0.216%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4394	+0.134%	$3.1M	$3.0M	75x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4400	+0.271%	$282K	$702K	50x	as long as short
01 Exchange ONDOUSD	+0.0368%	1h	0.4399	+0.242%	$362	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUALshort	+0.0434%	1h	0.4390	+0.043%	$23K	$349K	25x
GMX ONDO/USD [ETH-USDC]	L +0.0550% / S −0.0190%	1h	0.4389	+0.017%	$484K	—	100x	as long as short
Lighter ONDO	+0.0856%	1h	0.4399	+0.242%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1149%	1h	0.4402	+0.310%	$2K	—	20x	as long as short