ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.6145%/8h= +672.9% APRnext payment +$7.68 per $10,000 · paid last 24h +1.516%

Price spread now: dYdX against GMX+0.270%7-day average −0.010% · you sell dearer than you buy

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

Long on GMX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+2.231%+$223 on $10k

Price spread, last 3 days (all we have)−0.269%−$27 · spread now +0.270%, 7d avg −0.010%

Together, before fees+1.962%+$196 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$184 a day on $10k at the current rate, and dYdX is 0.280% dearer against GMX than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ONDO/USD [ETH-USDC]	0.4574	L +0.0587% / S −0.0200%	pay 0.0073% / 1h	49m 47s	$564K	—	100x
Short	dYdX ONDO-USD	0.4586	0.6733	get 0.0842% / 1h	49m 47s	$260K	$129K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against GMX. 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 GMXbpFee dYdXbpOrdersPrice spread, now +0.270%Rate

Funding earned: $1,290.51
Price spread: +0.270% → −0.010%: $27.95
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: $1,296.46
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; dYdX: live order book, 29 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 GMX no order-book sample	—	—	—	—	—
Sell dYdX live order book, 29 min ago	76.42 bp	291.5 bp −$291	475.3 bp −$4,753	494.4 bp −$49.4K	790.7 bp −$395.3K

GMX: 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	−0.0797%	1h	0.4575	+0.030%	$2.9M	$8.0M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	−0.132%	$888	$216K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4574	0.000%	$36K	$436K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4574	+0.003%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4574	0.000%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4583	+0.196%	$432K	$706K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4577	+0.061%	$725K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4576	+0.038%	$68.4M	$227.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4574	0.000%	$74.3M	$122.7M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4573	−0.022%	$17.8M	$81.3M	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	0.4597	+0.500%	$75K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4581	+0.151%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4573	−0.022%	$12.0M	$18.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4575	+0.021%	$49.4M	$43.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4574	0.000%	$13.8M	$11.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4576	+0.043%	$26.0M	$41.4M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4574	0.000%	—	$22.3M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4587	+0.282%	$789K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4603	+0.640%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4595	+0.462%	$424K	$947K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4595	+0.459%	$174K	$312K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4584	+0.218%	$69K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4585	+0.240%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4575	+0.021%	$476	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4589	+0.328%	$134K	$503K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4575	+0.021%	$4.7M	$6.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4586	+0.265%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4574	−0.009%	$409K	$846K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4578	+0.098%	$44K	$8K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0220%	1h	0.4574	0.000%	$231K	$1.0M	15x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4596	+0.476%	$38K	$257K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4599	+0.546%	$302K	$859K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4588	+0.306%	$3.3M	$3.2M	75x	as long as short
Hyperliquid ONDO	+0.0364%	1h	0.4579	+0.109%	$40.6M	$26.8M	10x	as long as short
01 Exchange ONDOUSD	+0.0504%	1h	0.4587	+0.282%	$378	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]long	L +0.0587% / S −0.0200%	1h	0.4574	long leg	$564K	—	100x
Lighter ONDO	+0.1040%	1h	0.4584	+0.214%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1142%	1h	0.4578	+0.095%	$2K	—	20x	as long as short
dYdX ONDO-USDshort	+0.6733%	1h	0.4586	+0.270%	$260K	$129K	5x