ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0274%/8h= +30.0% APRnext payment +$0.34 per $10,000 · paid last 24h +0.051%

Price spread now: Phoenix against gTrade (Gains Network)+0.304%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 Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 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 +$8 a day on $10k at the current rate, and Phoenix is 0.304% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$30 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	0.4362	L +0.0003% / S −0.0011%	pay 0.0000% / 1h	12m 55s	$7K	—	150x
Short	Phoenix ONDO	0.4375	0.0277	get 0.0035% / 1h	12m 55s	$35K	$218K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.304%Rate

Funding earned: $57.52
Price spread: +0.304% → 0.000%: $30.35
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $70.88
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; Phoenix: live order book, 14 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 Phoenix live order book, 14 min ago	0.93 bp	12.6 bp −$13	43.8 bp −$438	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	−0.0175%	1h	0.4359	−0.055%	$2.5M	$7.5M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4361	−0.020%	$28K	$358K	25x	as long as short
gTrade (Gains Network) ONDO/USDlong	L +0.0003% / S −0.0011%	1h	0.4362	long leg	$7K	—	150x
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.726%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4365	+0.063%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4366	+0.106%	$342K	$886K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4366	+0.088%	$761K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4364	+0.052%	$63.6M	$230.3M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4362	+0.003%	$68.3M	$120.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4367	+0.118%	$17.4M	$70.6M	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	0.4378	+0.363%	$72K	$78K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4366	+0.095%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4362	+0.003%	$13.5M	$15.3M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4362	+0.003%	$43.5M	$42.5M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4363	+0.026%	$12.9M	$10.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4362	+0.003%	$25.3M	$35.8M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4362	+0.003%	—	$23.1M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4361	−0.008%	$181K	$999K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4371	+0.206%	$741K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4370	+0.196%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4371	+0.200%	$409K	$1.7M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4371	+0.210%	$135K	$327K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4366	+0.095%	$61K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4360	−0.043%	$24K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4366	+0.095%	—	$1.3M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4360	−0.043%	$2K	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4369	+0.164%	$132K	$363K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4361	−0.020%	$4.3M	$9.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4367	+0.118%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4360	−0.034%	$363K	$814K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4361	−0.020%	$38K	$13K	3x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4376	+0.324%	$216K	$708K	50x	as long as short
01 Exchange ONDOUSD	+0.0272%	1h	0.4368	+0.132%	$359	$2K	10x	as long as short
Phoenix ONDOshort	+0.0277%	1h	0.4375	+0.304%	$35K	$218K	10x
BloFin ONDO-USDT	+0.0340%	4h	0.4366	+0.095%	$3.2M	$3.1M	75x	as long as short
Hyperliquid ONDO	+0.0439%	1h	0.4366	+0.099%	$36.7M	$28.0M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0583% / S −0.0208%	1h	0.4361	−0.008%	$505K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1163%	1h	0.4363	+0.020%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3080%	1h	0.4367	+0.125%	$250K	$159K	5x	as long as short