ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.04 per $10,000 · paid last 24h −0.441%

Price spread now: Injective against gTrade (Gains Network)+4.011%115s7-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 Injective

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 +$1 a day on $10k at the current rate, and Injective is 4.011% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$401 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 115 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ONDO/USD	0.4392	L +0.0003% / S −0.0011%	pay 0.0000% / 1h	25m 33s	$7K	—	150x
Short	Injective ONDO/USDC PERP	0.4568	0.0033	get 0.0004% / 1h	25m 33s	$888	$216K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +4.011%Rate

Funding earned: $6.28
Price spread: +4.011% → 0.000%: $401.08
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $397.34
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; Injective: 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

gTrade (Gains Network) and Injective: 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
gTrade (Gains Network) ONDO/USDlong	L +0.0003% / S −0.0011%	1h	0.4392	long leg	$7K	—	150x
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4388	−0.098%	$2.6M	$7.8M	50x	as long as short
Injective ONDO/USDC PERPshort	+0.0033%	1h	0.4568	+4.011%	$888	$216K	5.5x
Lighter ONDO	+0.0096%	1h	0.4391	−0.017%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4385	−0.156%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4392	+0.009%	$363K	$855K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4396	+0.099%	$37.6M	$24.7M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4393	+0.024%	$63.5M	$230.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4391	−0.019%	$67.9M	$126.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4396	+0.094%	$17.1M	$73.4M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4398	+0.140%	$73K	$85K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4390	−0.031%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4388	−0.088%	$11.6M	$16.4M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4395	+0.072%	$44.4M	$41.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4391	−0.019%	$12.7M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4394	+0.049%	$25.1M	$39.9M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4391	−0.019%	—	$764K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4389	−0.076%	$187K	$979K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4384	−0.186%	$711K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4388	−0.085%	$4K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4393	+0.025%	$411K	$1.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4389	−0.065%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4394	+0.051%	$67K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4385	−0.156%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4388	−0.088%	$456	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4393	+0.026%	$127K	$430K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4387	−0.110%	$4.2M	$7.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4388	−0.093%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4391	−0.017%	$395K	$798K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4390	−0.042%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0216%	1h	0.4394	+0.056%	$362	$2K	10x	as long as short
Aster ONDOUSDT	+0.0231%	4h	0.4389	−0.060%	$738K	$2.5M	20x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4404	+0.277%	$272K	$731K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4394	+0.049%	$3.1M	$3.0M	75x	as long as short
dYdX ONDO-USD	+0.0348%	1h	0.4388	−0.094%	$248K	$129K	5x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4392	−0.006%	$35K	$223K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0434%	1h	0.4389	−0.065%	$18K	$367K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0607% / S −0.0219%	1h	0.4383	−0.206%	$521K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1152%	1h	0.4395	+0.064%	$2K	—	20x	as long as short