ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.029%

Price spread now: Variational Omni against gTrade (Gains Network)−0.425%51s7-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 Variational Omni

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 airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.425% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.425% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$43 on $10k: about 15 days of funding at the current rate (+$3 a day). The two prices were read 51 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	0.4565	L +0.0003% / S −0.0008%	pay 0.0000% / 1h	36m 35s	$6K	—	150x
Short	Variational Omni ONDO	0.4546	0.0100	get 0.0050% / 4h	1h 36m	$798K	$2.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.425%Rate

Funding earned: $20.28
Price spread: −0.425% → 0.000%: −$42.54
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$32.27
Costs to cover: 0.100%
Break-even: 18.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 3 min ago	4.34 bp	doesn't fit	15.2 bp −$152	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	−0.0352%	1h	0.4566	+0.005%	$2.8M	$7.9M	50x	as long as short
gTrade (Gains Network) ONDO/USDlong	L +0.0003% / S −0.0008%	1h	0.4565	long leg	$6K	—	150x
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4566	+0.013%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4561	−0.085%	$431K	$697K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4565	−0.009%	$741K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4564	−0.020%	$67.2M	$225.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4565	−0.009%	$74.4M	$120.4M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4563	−0.053%	$17.8M	$81.4M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4573	+0.162%	$74K	$86K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4565	−0.010%	—	—	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ONDO_USDT	+0.0100%	4h	0.4562	−0.074%	$11.9M	$18.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4565	−0.009%	$47.9M	$44.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4563	−0.053%	$13.8M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4565	−0.009%	$25.8M	$41.7M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4566	+0.013%	—	$22.5M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4572	+0.138%	$209K	$991K	15x	as long as short
Variational Omni ONDOshort	+0.0100%	4h	0.4546	−0.425%	$798K	$2.0M	—
edgeX ONDOUSDC	+0.0100%	4h	0.4609	+0.947%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4598	+0.715%	$431K	$938K	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4562	−0.074%	$76K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4567	+0.035%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4568	+0.057%	$475	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4570	+0.101%	$132K	$512K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4567	+0.035%	$4.8M	$6.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4564	−0.031%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4564	−0.037%	$405K	$857K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4570	+0.090%	$44K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4553	−0.265%	$29K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4601	+0.780%	$894	$181K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0188%	1h	0.4568	+0.057%	$26K	$396K	25x	as long as short
ApeX Omni ONDOUSDT	+0.0244%	1h	0.4620	+1.196%	$163K	$333K	50x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4574	+0.188%	$301K	$867K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4568	+0.057%	$3.2M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0408%	1h	0.4568	+0.055%	$376	$2K	10x	as long as short
Hyperliquid ONDO	+0.0503%	1h	0.4572	+0.142%	$40.9M	$27.5M	10x	as long as short
Lighter ONDO	+0.0576%	1h	0.4573	+0.177%	$1.4M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0594% / S −0.0191%	1h	0.4565	0.000%	$549K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1140%	1h	0.4560	−0.111%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1399%	1h	0.4566	+0.020%	$258K	$130K	5x	as long as short