ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0543%/8h= −59.5% APRnext payment −$0.68 per $10,000 · paid last 24h −0.160%

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

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

Long on GMX Short on gTrade (Gains Network)

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—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.042% dearer against GMX than usual: you sell high and buy low (spread +0.042% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ONDO/USD [ETH-USDC]	0.4416	L +0.0552% / S −0.0190%	pay 0.0069% / 1h	31m 39s	$487K	—	100x
Short	gTrade (Gains Network) ONDO/USD	0.4418	L +0.0003% / S −0.0008%	get 0.0001% / 1h	31m 39s	$6K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.042%Rate

Funding earned: −$114.08
Price spread: +0.042% → 0.000%: $4.19
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$131.89
Costs to cover: 0.220%
Break-even: never at this rate

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

GMX and 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
dYdX ONDO-USD	+0.0002%	1h	0.4421	+0.102%	$250K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USDshort	L +0.0003% / S −0.0008%	1h	0.4418	+0.042%	$6K	—	150x
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.439%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4420	+0.099%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4420	+0.088%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4427	+0.258%	$375K	$837K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4431	+0.326%	$64.4M	$225.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4427	+0.247%	$70.0M	$122.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4428	+0.269%	$17.1M	$72.4M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4419	+0.068%	$72K	$87K	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	0.4427	+0.251%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4425	+0.201%	$11.7M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4428	+0.269%	$46.9M	$41.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4426	+0.224%	$13.0M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4429	+0.292%	$25.3M	$39.7M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4428	+0.269%	—	$760K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4409	−0.169%	$713K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4421	+0.113%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4422	+0.143%	$414K	$992K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4417	+0.020%	$136K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4422	+0.124%	$71K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4422	+0.133%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4422	+0.133%	$460	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4429	+0.292%	$130K	$473K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4421	+0.111%	$4.2M	$7.6M	50x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4428	+0.263%	$399K	$789K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4423	+0.156%	$38K	$13K	3x	as long as short
Paradex ONDO-USD-PERP	+0.0106%	8h	0.4427	+0.254%	$6K	—	10x	as long as short
Aster ONDOUSDT	+0.0161%	4h	0.4432	+0.349%	$715K	$2.3M	20x	as long as short
Hyperliquid ONDO	+0.0206%	1h	0.4430	+0.303%	$38.5M	$24.5M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0211%	1h	0.4423	+0.154%	$191K	$979K	15x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4398	−0.419%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4421	+0.111%	$3.1M	$3.1M	75x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4407	−0.206%	$283K	$700K	50x	as long as short
01 Exchange ONDOUSD	+0.0384%	1h	0.4433	+0.382%	$365	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]long	L +0.0552% / S −0.0190%	1h	0.4416	long leg	$487K	—	100x
Deribit ONDO_USDC-PERPETUAL	+0.0655%	1h	0.4422	+0.133%	$23K	$349K	25x	as long as short
Lighter ONDO	+0.0896%	1h	0.4434	+0.410%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1149%	1h	0.4420	+0.092%	$2K	—	20x	as long as short