ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0491%/8h= −53.8% APRnext payment −$0.61 per $10,000 · paid last 24h −0.129%

Price spread now: Nado against GMX+0.132%7-day average −0.005% · you sell dearer than you buy

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

Long on GMX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.414%−$41 on $10k

Price spread, last 3 days (all we have)−0.133%−$13 · spread now +0.132%, 7d avg −0.005%

Together, before fees−0.547%+ Points / potential airdropNado: Active · farm board−$55 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.137% dearer against GMX than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of −0.005%): +$14 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ONDO/USD [ETH-USDC]	0.4603	L +0.0591% / S −0.0188%	pay 0.0074% / 1h	10m 15s	$550K	—	100x
Short	Nado ONDO-PERP	0.4609	0.0100	get 0.0012% / 1h	10m 15s	$432K	$706K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 NadobpOrdersPrice spread, now +0.132%Rate

Funding earned: −$103.2
Price spread: +0.132% → −0.005%: $13.72
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$108.48
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Nado: live order book, 63 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 Nado live order book, 63 min ago	0.66 bp	9.7 bp −$10	20.3 bp −$203	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	−0.0868%	1h	0.4601	−0.046%	$2.8M	$7.9M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4607	+0.079%	$261K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4603	−0.004%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−0.764%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4603	−0.004%	$25K	$6K	10x	as long as short
Nado ONDO-PERPshort	+0.0100%	1h	0.4609	+0.132%	$432K	$706K	10x
Binance ONDOUSDT	+0.0100%	4h	0.4606	+0.061%	$69.0M	$220.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4604	+0.018%	$74.2M	$119.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4603	−0.004%	$17.6M	$77.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4625	+0.478%	$73K	$92K	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	0.4607	+0.075%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4605	+0.040%	$12.1M	$16.8M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4607	+0.083%	$49.8M	$42.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4607	+0.083%	$14.3M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4603	−0.004%	$26.2M	$38.7M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4606	+0.061%	—	$744K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4599	−0.096%	$817K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4615	+0.264%	$5K	$321K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4614	+0.227%	$426K	$967K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4616	+0.279%	$172K	$336K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4610	+0.139%	$74K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4609	+0.126%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4602	−0.026%	$478	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4613	+0.213%	$135K	$492K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4603	−0.004%	$4.5M	$7.1M	50x	as long as short
Aster ONDOUSDT	+0.0101%	4h	0.4610	+0.152%	$727K	$2.1M	20x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4608	+0.112%	$7K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4601	−0.043%	$417K	$823K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4606	+0.056%	$40K	$13K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0118%	1h	0.4598	−0.117%	$232K	$1.0M	15x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0185%	1h	0.4604	+0.018%	$34K	$342K	25x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4613	+0.213%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0280%	1h	0.4612	+0.200%	$380	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4605	+0.040%	$300K	$818K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4603	−0.004%	$3.3M	$3.0M	75x	as long as short
Hyperliquid ONDO	+0.0367%	1h	0.4611	+0.176%	$41.0M	$25.1M	10x	as long as short
GMX ONDO/USD [ETH-USDC]long	L +0.0591% / S −0.0188%	1h	0.4603	long leg	$550K	—	100x
Lighter ONDO	+0.0664%	1h	0.4611	+0.161%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1146%	1h	0.4607	+0.078%	$2K	—	20x	as long as short