ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0454%/8h= −49.7% APRnext payment −$0.57 per $10,000 · paid last 24h −0.131%

Price spread now: Polymarket Perps against GMX+0.018%7-day average +0.063% · you sell dearer than you buy

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

Long on GMX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.462%−$46 on $10k

Price spread, last 4 days (all we have)+0.067%+$7 · spread now +0.018%, 7d avg +0.063%

Together, before fees−0.395%−$40 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Polymarket Perps is 0.045% cheaper against GMX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.063%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ONDO/USD [ETH-USDC]	0.4330	L +0.0554% / S −0.0193%	pay 0.0069% / 1h	9m 53s	$482K	—	100x
Short	Polymarket Perps ONDO-USD	0.4330	0.0100	get 0.0013% / 1h	9m 53s	$65K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 Polymarket PerpsbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$95.31
Price spread: +0.018% → +0.063%: −$4.45
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$119.76
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Polymarket Perps: 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 Polymarket Perps live order book, 4 min ago	1.26 bp	5.3 bp −$5	7.3 bp −$73	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	−0.0162%	1h	0.4328	−0.027%	$2.6M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4330	0.000%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.508%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4334	+0.108%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4330	+0.011%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4335	+0.115%	$358K	$858K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4332	+0.048%	$62.5M	$232.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4329	−0.012%	$67.3M	$124.9M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4332	+0.057%	$17.0M	$72.2M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4331	+0.027%	$72K	$83K	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	0.4334	+0.093%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4331	+0.034%	$12.0M	$16.4M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4332	+0.057%	$42.4M	$42.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4332	+0.057%	$12.6M	$10.4M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4332	+0.057%	$24.8M	$39.8M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4332	+0.057%	—	$23.6M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4331	+0.046%	$179K	$979K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4330	+0.004%	$681K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4348	+0.421%	$4K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4349	+0.452%	$406K	$1.2M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4346	+0.381%	$134K	$354K	50x	as long as short
Polymarket Perps ONDO-USDshort	+0.0100%	1h	0.4330	+0.018%	$65K	$1.4M	10x
SunX ONDO-USDT	+0.0100%	4h	0.4331	+0.034%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4331	+0.034%	$450	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4341	+0.265%	$128K	$431K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4333	+0.080%	$4.2M	$8.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4334	+0.096%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4331	+0.024%	$390K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4330	+0.023%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0126%	1h	0.4330	+0.023%	$36.6M	$25.2M	10x	as long as short
Aster ONDOUSDT	+0.0141%	4h	0.4334	+0.094%	$783K	$2.6M	20x	as long as short
01 Exchange ONDOUSD	+0.0168%	1h	0.4334	+0.110%	$357	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0212%	1h	0.4331	+0.034%	$18K	$362K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4327	−0.058%	$217K	$763K	50x	as long as short
Phoenix ONDO	+0.0327%	1h	0.4356	+0.607%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4339	+0.219%	$3.1M	$3.0M	75x	as long as short
GMX ONDO/USD [ETH-USDC]long	L +0.0554% / S −0.0193%	1h	0.4330	long leg	$482K	—	100x
Reya ONDORUSDPERP	+0.1154%	1h	0.4330	+0.020%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1229%	1h	0.4335	+0.132%	$245K	$129K	5x	as long as short