ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0192%/8h= +21.0% APRnext payment +$0.24 per $10,000 · paid last 24h +0.114%

Price spread now: Hyperliquid against gTrade (Gains Network)+0.050%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 Hyperliquid

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 airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hyperliquid is 0.050% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$5 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	0.4543	L +0.0003% / S −0.0008%	pay 0.0000% / 1h	30m 12s	$6K	—	150x
Short	Hyperliquid ONDO	0.4546	0.0195	get 0.0024% / 1h	30m 12s	$40.2M	$26.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.050%Rate

Funding earned: $40.27
Price spread: +0.050% → 0.000%: $5.02
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $26.29
Costs to cover: 0.190%
Break-even: 2.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Hyperliquid: live order book, 3 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 Hyperliquid live order book, 3 min ago	0.11 bp	8.7 bp −$9	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
Kraken Futures PF_ONDOUSD	−0.0803%	1h	0.4543	−0.009%	$2.8M	$8.1M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	+0.545%	$888	$216K	5.5x	as long as short
gTrade (Gains Network) ONDO/USDlong	L +0.0003% / S −0.0008%	1h	0.4543	long leg	$6K	—	150x
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4543	−0.005%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4542	−0.032%	$437K	$710K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4546	+0.061%	$720K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4544	+0.017%	$68.0M	$227.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4542	−0.027%	$73.6M	$123.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4538	−0.115%	$17.6M	$80.6M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4548	+0.112%	$74K	$89K	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	0.4541	−0.044%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4542	−0.027%	$11.9M	$18.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4543	−0.005%	$48.7M	$43.5M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4543	−0.005%	$14.1M	$11.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4543	−0.005%	$25.7M	$41.4M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4543	−0.005%	—	$740K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4545	+0.030%	$229K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4542	−0.027%	$779K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4548	+0.096%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4547	+0.083%	$420K	$960K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4548	+0.105%	$172K	$312K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4546	+0.059%	$69K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4545	+0.039%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4544	+0.017%	$472	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4555	+0.259%	$133K	$505K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4545	+0.039%	$4.6M	$6.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4542	−0.036%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4543	−0.001%	$407K	$844K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4547	+0.089%	$44K	$8K	3x	as long as short
Hyperliquid ONDOshort	+0.0195%	1h	0.4546	+0.050%	$40.2M	$26.6M	10x
Phoenix ONDO	+0.0244%	1h	0.4548	+0.103%	$38K	$257K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4548	+0.105%	$297K	$844K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4544	+0.017%	$3.3M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0360%	1h	0.4546	+0.052%	$374	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0410%	1h	0.4546	+0.061%	$35K	$436K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0586% / S −0.0188%	1h	0.4543	−0.002%	$542K	—	100x	as long as short
Lighter ONDO	+0.0808%	1h	0.4552	+0.189%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1143%	1h	0.4544	+0.015%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.4158%	1h	0.4543	−0.005%	$257K	$132K	5x	as long as short