ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.1160%/8h= +127.0% APRnext payment +$1.45 per $10,000 · paid last 24h +0.340%

Price spread now: Reya against gTrade (Gains Network)−0.186%56s7-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 Reya

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.186% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.186% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 13 hours of funding at the current rate (+$35 a day). The two prices were read 56 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	0.4379	L +0.0003% / S −0.0011%	pay 0.0000% / 1h	58m 02s	$7K	—	150x
Short	Reya ONDORUSDPERP	0.4371	0.1163	get 0.0145% / 1h	58m 02s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.186%Rate

Funding earned: $243.61
Price spread: −0.186% → 0.000%: −$18.58
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $209.02
Costs to cover: 0.160%
Break-even: 1.0 days

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

gTrade (Gains Network) and Reya: 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
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4365	−0.314%	$24K	$363K	25x	as long as short
gTrade (Gains Network) ONDO/USDlong	L +0.0003% / S −0.0011%	1h	0.4379	long leg	$7K	—	150x
Kraken Futures PF_ONDOUSD	+0.0019%	1h	0.4361	−0.414%	$2.5M	$7.4M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.322%	$888	$215K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4366	−0.280%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4367	−0.263%	$342K	$873K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4363	−0.366%	$36.7M	$27.9M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4362	−0.378%	$761K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4361	−0.415%	$63.7M	$228.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4357	−0.497%	$68.5M	$120.1M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4360	−0.429%	$17.4M	$70.3M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4381	+0.049%	$72K	$77K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4368	−0.253%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4358	−0.474%	$13.6M	$14.3M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4359	−0.451%	$44.1M	$40.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4361	−0.406%	$13.0M	$10.2M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4359	−0.451%	$25.4M	$35.6M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4359	−0.451%	—	$778K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4359	−0.458%	$185K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4372	−0.162%	$776K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4377	−0.036%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4378	−0.018%	$403K	$1.7M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4380	+0.028%	$136K	$327K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4369	−0.219%	$61K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4363	−0.360%	$24K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4365	−0.314%	—	$1.3M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4362	−0.383%	$2K	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4377	−0.040%	$132K	$363K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4360	−0.429%	$4.3M	$8.9M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4367	−0.276%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4360	−0.439%	$363K	$793K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4366	−0.280%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0112%	1h	0.4369	−0.221%	$360	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4363	−0.360%	$216K	$707K	50x	as long as short
Phoenix ONDO	+0.0277%	1h	0.4381	+0.042%	$35K	$214K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4378	−0.018%	$3.2M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0584% / S −0.0208%	1h	0.4376	−0.059%	$506K	—	100x	as long as short
Reya ONDORUSDPERPshort	+0.1163%	1h	0.4371	−0.186%	$2K	—	20x
dYdX ONDO-USD	+0.4349%	1h	0.4370	−0.209%	$250K	$160K	5x	as long as short