ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0445%/8h= −48.8% APRnext payment −$0.56 per $10,000 · paid last 24h −0.130%

Price spread now: Extended against GMX+0.158%7-day average −0.039% · you sell dearer than you buy

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

Long on GMX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.455%−$45 on $10k

Price spread, last 4 days (all we have)−0.186%−$19 · spread now +0.158%, 7d avg −0.039%

Together, before fees−0.640%+ Points / potential airdropExtended: Active · farm board−$64 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.198% dearer against GMX than usual: you sell high and buy low (spread +0.158% now, against its 7-day average of −0.039%): +$20 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 36 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ONDO/USD [ETH-USDC]	0.4360	L +0.0549% / S −0.0190%	pay 0.0069% / 1h	47m 49s	$481K	—	100x
Short	Extended ONDO-USD	0.4367	0.0104	get 0.0013% / 1h	47m 49s	$395K	$793K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.158%Rate

Funding earned: −$93.52
Price spread: +0.158% → −0.039%: $19.78
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$90.75
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Extended: live order book, 10 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 Extended live order book, 10 min ago	4.57 bp	7.2 bp −$7	19.4 bp −$194	doesn't fit	doesn't fit

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
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4360	+0.006%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4360	+0.005%	$2.6M	$8.0M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.779%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4360	+0.008%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4362	+0.053%	$369K	$843K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4367	+0.173%	$37.5M	$24.5M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4368	+0.191%	$63.0M	$229.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4365	+0.122%	$69.1M	$124.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4368	+0.191%	$16.8M	$72.0M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4344	−0.362%	$72K	$84K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4360	+0.019%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4364	+0.099%	$11.5M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4368	+0.191%	$45.8M	$41.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4368	+0.191%	$12.7M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4365	+0.122%	$24.9M	$39.7M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4365	+0.122%	—	$762K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4366	+0.147%	$187K	$981K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4365	+0.116%	$707K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4390	+0.689%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4389	+0.673%	$405K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4366	+0.145%	$134K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4361	+0.035%	$67K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4362	+0.053%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4361	+0.031%	$453	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4370	+0.237%	$127K	$477K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4363	+0.076%	$4.2M	$7.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4358	−0.044%	$6K	—	10x	as long as short
Extended ONDO-USDshort	+0.0104%	1h	0.4367	+0.158%	$395K	$793K	25x
Aevo ONDO-PERP	+0.0104%	1h	0.4361	+0.042%	$38K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0204%	4h	0.4367	+0.168%	$734K	$2.4M	20x	as long as short
01 Exchange ONDOUSD	+0.0232%	1h	0.4363	+0.067%	$359	$2K	10x	as long as short
Lighter ONDO	+0.0256%	1h	0.4368	+0.189%	$1.1M	$2.4M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4394	+0.787%	$276K	$719K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4352	−0.176%	$3.1M	$2.9M	75x	as long as short
dYdX ONDO-USD	+0.0362%	1h	0.4362	+0.058%	$247K	$129K	5x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4354	−0.139%	$35K	$223K	10x	as long as short
GMX ONDO/USD [ETH-USDC]long	L +0.0549% / S −0.0190%	1h	0.4360	long leg	$481K	—	100x
Deribit ONDO_USDC-PERPETUAL	+0.0667%	1h	0.4364	+0.099%	$23K	$346K	25x	as long as short
Reya ONDORUSDPERP	+0.1151%	1h	0.4359	−0.005%	$2K	—	20x	as long as short