ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0517%/8h= −56.6% APRnext payment −$0.65 per $10,000 · paid last 24h −0.132%

Price spread now: Ondo Perps against GMX+0.300%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 Ondo Perps

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—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

The price spread pays, funding is against you. Ondo Perps is 0.300% dearer against GMX than usual: you sell high and buy low (spread +0.300% now, against zero (this spread has no 7-day history yet)): +$30 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 47 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ONDO/USD [ETH-USDC]	0.4521	L +0.0617% / S −0.0203%	pay 0.0077% / 1h	24m 39s	$562K	—	100x
Short	Ondo Perps ONDO-USD.P	0.4534	0.0100	get 0.0013% / 1h	24m 39s	$72K	$85K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.300%Rate

Funding earned: −$108.48
Price spread: +0.300% → 0.000%: $30.04
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$95.44
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Ondo Perps: 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 Ondo Perps no order-book sample	—	—	—	—	—

GMX and Ondo Perps: 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	−0.1125%	1h	0.4521	−0.004%	$3.0M	$7.7M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4523	+0.048%	$19K	$364K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4521	+0.013%	$6K	—	150x	as long as short
Phoenix ONDO	+0.0018%	1h	0.4529	+0.183%	$30K	$222K	10x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4522	+0.026%	$1K	$132K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4522	+0.026%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4522	+0.026%	$425K	$678K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4524	+0.077%	$765K	$2.0M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4525	+0.092%	$66.8M	$220.3M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4524	+0.070%	$73.4M	$118.0M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4522	+0.026%	$17.7M	$80.0M	50x	as long as short
Ondo Perps ONDO-USD.Pshort	+0.0100%	1h	0.4534	+0.300%	$72K	$85K	10x
RISEx ONDO/USDC	+0.0100%	1h	0.4522	+0.023%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4524	+0.070%	$11.8M	$18.7M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4525	+0.092%	$47.7M	$45.5M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4522	+0.026%	$13.5M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4525	+0.092%	$25.7M	$41.2M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4525	+0.092%	—	$745K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4525	+0.099%	$195K	$971K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4536	+0.343%	$785K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4528	+0.160%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4529	+0.180%	$428K	$948K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4532	+0.247%	$160K	$331K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4523	+0.050%	$80K	$1.0M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4522	+0.026%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4523	+0.048%	$470	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4529	+0.181%	$128K	$515K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4524	+0.070%	$4.8M	$6.3M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4522	+0.028%	$6K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4524	+0.073%	$403K	$980K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4523	+0.059%	$36K	—	3x	as long as short
Hyperliquid ONDO	+0.0256%	1h	0.4529	+0.177%	$40.5M	$27.8M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4539	+0.402%	$305K	$842K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4525	+0.092%	$3.2M	$3.0M	75x	as long as short
01 Exchange ONDOUSD	+0.0408%	1h	0.4526	+0.110%	$372	$2K	10x	as long as short
Lighter ONDO	+0.0544%	1h	0.4532	+0.254%	$1.4M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]long	L +0.0617% / S −0.0203%	1h	0.4521	long leg	$562K	—	100x
Reya ONDORUSDPERP	+0.1139%	1h	0.4522	+0.017%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.9739%	1h	0.4524	+0.079%	$256K	$123K	5x	as long as short