ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0487%/8h= −53.3% APRnext payment −$0.61 per $10,000 · paid last 24h −0.021%

Price spread now: Lighter against GMX+0.071%7-day average +0.118% · you sell dearer than you buy

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

Long on GMX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.276%−$28 on $10k

Price spread, last 4 days (all we have)+0.125%+$12 · spread now +0.071%, 7d avg +0.118%

Together, before fees−0.151%+ Points / potential airdropLighter: Season 3 · farm board−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Lighter is 0.047% cheaper against GMX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.118%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ONDO/USD [ETH-USDC]	0.4361	L +0.0583% / S −0.0208%	pay 0.0073% / 1h	12m 55s	$505K	—	100x
Short	Lighter ONDO	0.4365	0.0096	get 0.0012% / 1h	12m 55s	$1.1M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.071%Rate

Funding earned: −$102.26
Price spread: +0.071% → +0.118%: −$4.74
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$119
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Lighter: live order book, 4 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 Lighter live order book, 4 min ago	6.05 bp	8.1 bp −$8	36.0 bp −$360	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
Kraken Futures PF_ONDOUSD	−0.0175%	1h	0.4359	−0.047%	$2.5M	$7.5M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4361	−0.011%	$28K	$358K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4362	+0.008%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.735%	$888	$216K	5.5x	as long as short
Lighter ONDOshort	+0.0096%	1h	0.4365	+0.071%	$1.1M	$2.4M	10x
Nado ONDO-PERP	+0.0100%	1h	0.4366	+0.115%	$342K	$886K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4366	+0.097%	$761K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4364	+0.060%	$63.6M	$230.3M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4362	+0.011%	$68.3M	$120.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4367	+0.126%	$17.4M	$70.6M	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	0.4378	+0.371%	$72K	$78K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4366	+0.103%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4362	+0.011%	$13.5M	$15.3M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4362	+0.011%	$43.5M	$42.5M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4363	+0.034%	$12.9M	$10.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4362	+0.011%	$25.3M	$35.8M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4362	+0.011%	—	$23.1M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4361	0.000%	$181K	$999K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4371	+0.215%	$741K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4370	+0.204%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4371	+0.208%	$409K	$1.7M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4371	+0.218%	$135K	$327K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4366	+0.103%	$61K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4360	−0.034%	$24K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4366	+0.103%	—	$1.3M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4360	−0.034%	$2K	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4369	+0.172%	$132K	$363K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4361	−0.011%	$4.3M	$9.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4367	+0.126%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4360	−0.026%	$363K	$814K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4361	−0.011%	$38K	$13K	3x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4376	+0.332%	$216K	$708K	50x	as long as short
01 Exchange ONDOUSD	+0.0272%	1h	0.4368	+0.140%	$359	$2K	10x	as long as short
Phoenix ONDO	+0.0277%	1h	0.4375	+0.312%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4366	+0.103%	$3.2M	$3.1M	75x	as long as short
Hyperliquid ONDO	+0.0439%	1h	0.4366	+0.108%	$36.7M	$28.0M	10x	as long as short
GMX ONDO/USD [ETH-USDC]long	L +0.0583% / S −0.0208%	1h	0.4361	long leg	$505K	—	100x
Reya ONDORUSDPERP	+0.1163%	1h	0.4363	+0.028%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3080%	1h	0.4367	+0.133%	$250K	$159K	5x	as long as short