ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0102%/8h= −11.2% APRnext payment −$0.13 per $10,000 · paid last 24h −0.102%

Price spread now: gTrade (Gains Network) against Hyperliquid−0.099%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid 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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.099% cheaper against Hyperliquid than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ONDO	0.4585	0.0111	pay 0.0014% / 1h	41m 21s	$40.5M	$26.2M	10x
Short	gTrade (Gains Network) ONDO/USD	0.4580	L +0.0003% / S −0.0008%	get 0.0001% / 1h	41m 21s	$6K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Hyperliquid. 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 HyperliquidbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.099%Rate

Funding earned: −$21.49
Price spread: −0.099% → 0.000%: −$9.88
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$50.37
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 12 min ago; 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 Hyperliquid live order book, 12 min ago	1.65 bp	8.6 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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
Kraken Futures PF_ONDOUSD	−0.0867%	1h	0.4607	+0.484%	$2.8M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4573	−0.248%	$259K	$132K	5x	as long as short
gTrade (Gains Network) ONDO/USDshort	L +0.0003% / S −0.0008%	1h	0.4580	−0.099%	$6K	—	150x
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−0.364%	$888	$216K	5.5x	as long as short
Gate ONDO_USDT	+0.0068%	4h	0.4578	−0.146%	$12.0M	$16.6M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4580	−0.103%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4579	−0.113%	$439K	$708K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4582	−0.054%	$725K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4582	−0.059%	$68.5M	$226.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4581	−0.081%	$74.1M	$120.7M	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	0.4582	−0.059%	$17.6M	$79.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4588	+0.068%	$76K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4575	−0.210%	—	—	5x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4580	−0.103%	$49.7M	$41.5M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4577	−0.168%	$14.2M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4582	−0.059%	$25.9M	$40.0M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4582	−0.059%	—	$743K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4603	+0.399%	$230K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4549	−0.783%	$807K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4594	+0.196%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4596	+0.253%	$426K	$959K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4560	−0.539%	$174K	$326K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4582	−0.052%	$72K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4611	+0.574%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4611	+0.574%	$479	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4615	+0.661%	$135K	$503K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4604	+0.421%	$4.6M	$7.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4569	−0.335%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4569	−0.352%	$409K	$843K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4612	+0.602%	$40K	$13K	3x	as long as short
Hyperliquid ONDOlong	+0.0111%	1h	0.4585	long leg	$40.5M	$26.2M	10x
Deribit ONDO_USDC-PERPETUAL	+0.0184%	1h	0.4611	+0.574%	$34K	$363K	25x	as long as short
01 Exchange ONDOUSD	+0.0240%	1h	0.4582	−0.052%	$377	$2K	10x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4577	−0.177%	$38K	$248K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4597	+0.268%	$299K	$824K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4598	+0.290%	$3.3M	$3.2M	75x	as long as short
Lighter ONDO	+0.0536%	1h	0.4582	−0.061%	$1.5M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0589% / S −0.0188%	1h	0.4580	−0.105%	$547K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1145%	1h	0.4580	−0.097%	$2K	—	20x	as long as short