Settings8H · net · $10k
Funding arb · Price arb /

ONDO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0186%/8h= +20.4% APRnext payment +$0.23 per $10,000 · paid last 24h +0.053%
Price spread now: GMX against gTrade (Gains Network)0.000%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ONDO/USD0.4420L +0.0003% / S −0.0008%pay 0.0000% / 1h32m 51s$6K150x
ShortGMX ONDO/USD [ETH-USDC]0.4421L +0.0552% / S −0.0190%get 0.0024% / 1h32m 51s$487K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$39.09
Price spread: 0.000% → 0.000%
$0.02
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
$17.11
Costs to cover
0.220%
Break-even
3.9 days
Slippage unknown: gTrade (Gains Network): no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) no order-book sample
Sell GMX no order-book sample
gTrade (Gains Network) and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ONDO-USD0.0000%1h0.4416−0.102%$250K$129K5xas long as short
gTrade (Gains Network) ONDO/USDlongL +0.0003% / S −0.0008%1h0.4420long leg$6K150x
Injective ONDO/USDC PERP+0.0033%1h0.4568+3.337%$888$216K5.5xas long as short
Kraken Futures PF_ONDOUSD+0.0061%1h0.4421+0.019%$2.6M$8.2M50xas long as short
Orderly PERP_ONDO_USDC+0.0100%4h0.4421+0.011%$24K$6K10xas long as short
Nado ONDO-PERP+0.0100%1h0.4424+0.085%$375K$838K10xas long as short
Binance ONDOUSDT+0.0100%4h0.4423+0.056%$64.3M$226.0M75xas long as short
Bybit ONDOUSDT+0.0100%4h0.4420−0.011%$69.9M$122.8M50xas long as short
OKX ONDO-USDT-SWAP+0.0100%4h0.4420−0.011%$17.1M$72.2M50xas long as short
Ondo Perps ONDO-USD.P+0.0100%1h0.4419−0.032%$72K$87K10xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
RISEx ONDO/USDC+0.0100%1h0.4421+0.011%5xas long as short
Gate ONDO_USDT+0.0100%4h0.4419−0.034%$11.6M$16.1M50xas long as short
MEXC ONDO_USDT+0.0100%4h0.4422+0.034%$46.9M$41.3M200xas long as short
KuCoin ONDOUSDTM+0.0100%4h0.4421+0.011%$12.9M$10.8M50xas long as short
Bitget ONDOUSDT+0.0100%4h0.4421+0.011%$25.2M$39.7M50xas long as short
BingX ONDO-USDT+0.0100%4h0.4422+0.034%$21.8Mas long as short
Variational Omni ONDO+0.0100%4h0.4409−0.268%$713K$1.8Mas long as short
edgeX ONDOUSDC+0.0100%4h0.4414−0.153%$5K$320K20xas long as short
GRVT ONDO_USDT_Perp+0.0100%4h0.4415−0.125%$408K$983K10xas long as short
ApeX Omni ONDOUSDT+0.0100%1h0.4417−0.079%$136K$354K50xas long as short
Polymarket Perps ONDO-USD+0.0100%1h0.4425+0.100%$71K$1.3M10xas long as short
SunX ONDO-USDT+0.0100%4h0.4424+0.079%$1.4M20xas long as short
SoDEX ONDO-USD+0.0100%1h0.4424+0.079%$460$13K10xas long as short
HTX ONDO-USDT+0.0100%4h0.4428+0.170%$130K$473K50xas long as short
Phemex ONDOUSDT+0.0100%4h0.4423+0.057%$4.2M$7.6M50xas long as short
Extended ONDO-USD+0.0104%1h0.4420−0.017%$399K$789K25xas long as short
Aevo ONDO-PERP+0.0104%1h0.4426+0.115%$38K$13K3xas long as short
Paradex ONDO-USD-PERP+0.0106%8h0.4424+0.079%$6K10xas long as short
Aster ONDOUSDT+0.0152%4h0.4426+0.124%$714K$2.3M20xas long as short
Hyperliquid ONDO+0.0196%1h0.4423+0.066%$38.4M$24.5M10xas long as short
Backpack ONDO_USDC_PERP+0.0208%1h0.4424+0.075%$191K$979K15xas long as short
Phoenix ONDO+0.0272%1h0.4398−0.518%$35K$225K10xas long as short
BloFin ONDO-USDT+0.0340%4h0.4421+0.011%$3.1M$3.1M75xas long as short
Coinbase International ONDO-PERP-INTX+0.0360%1h0.4407−0.305%$283K$700K50xas long as short
01 Exchange ONDOUSD+0.0376%1h0.4426+0.133%$364$2K10xas long as short
GMX ONDO/USD [ETH-USDC]shortL +0.0552% / S −0.0190%1h0.44210.000%$487K100x
Deribit ONDO_USDC-PERPETUAL+0.0655%1h0.4424+0.079%$23K$349K25xas long as short
Lighter ONDO+0.0888%1h0.4431+0.240%$1.4M$2.1M10xas long as short
Reya ONDORUSDPERP+0.1149%1h0.4424+0.083%$2K20xas long as short