ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0097%/8h= +10.6% APRnext payment +$0.12 per $10,000 · paid last 24h +0.029%

Price spread now: Polymarket Perps against gTrade (Gains Network)−0.042%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Polymarket Perps

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

Funding pays, the price is against you. Polymarket Perps is 0.042% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.042% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 35 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ONDO/USD	0.4316	L +0.0003% / S −0.0011%	pay 0.0000% / 1h	55m 11s	$7K	—	150x
Short	Polymarket Perps ONDO-USD	0.4314	0.0100	get 0.0013% / 1h	55m 11s	$60K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.042%Rate

Funding earned: $20.28
Price spread: −0.042% → 0.000%: −$4.17
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$1.89
Costs to cover: 0.180%
Break-even: 7.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Polymarket Perps: live order book, 8 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 Polymarket Perps live order book, 8 min ago	2.08 bp	10.1 bp −$10	10.6 bp −$106	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	−0.0177%	1h	0.4318	+0.052%	$2.5M	$7.8M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4317	+0.021%	$18K	$351K	25x	as long as short
gTrade (Gains Network) ONDO/USDlong	L +0.0003% / S −0.0011%	1h	0.4316	long leg	$7K	—	150x
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.836%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4323	+0.148%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4316	−0.008%	$345K	$889K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4331	+0.352%	$761K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4329	+0.299%	$63.2M	$234.3M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4327	+0.253%	$68.3M	$122.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4330	+0.322%	$17.3M	$72.0M	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	0.4339	+0.519%	$71K	$81K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4313	−0.082%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4322	+0.137%	$13.1M	$15.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4323	+0.160%	$44.0M	$41.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4317	+0.021%	$12.1M	$10.4M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4328	+0.276%	$24.7M	$36.7M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4327	+0.253%	—	$23.2M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4325	+0.202%	$176K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4321	+0.109%	$679K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4334	+0.418%	$5K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4324	+0.187%	$405K	$1.6M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4321	+0.114%	$134K	$340K	50x	as long as short
Polymarket Perps ONDO-USDshort	+0.0100%	1h	0.4314	−0.042%	$60K	$1.4M	10x
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4315	−0.025%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4314	−0.049%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4319	+0.067%	$2K	$15K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4328	+0.276%	$128K	$369K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4309	−0.167%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4316	−0.007%	$365K	$828K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4319	+0.067%	$37K	$13K	3x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4339	+0.531%	$214K	$735K	50x	as long as short
01 Exchange ONDOUSD	+0.0312%	1h	0.4316	−0.009%	$355	$2K	10x	as long as short
Phoenix ONDO	+0.0315%	1h	0.4328	+0.285%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4314	−0.049%	$3.2M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0572% / S −0.0203%	1h	0.4316	0.000%	$493K	—	100x	as long as short
Hyperliquid ONDO	+0.0596%	1h	0.4330	+0.313%	$36.6M	$27.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1161%	1h	0.4317	+0.027%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1665%	1h	0.4310	−0.135%	$242K	$155K	5x	as long as short
Phemex ONDOUSDT	+0.2410%	4h	0.4319	+0.067%	$4.2M	$9.0M	50x	as long as short