ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0732%/8h= +80.2% APRnext payment +$0.92 per $10,000 · paid last 24h +0.766%

Price spread now: GMX against Injective+0.593%57s7-day average +0.971% · you sell dearer than you buy

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

Long on Injective Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+2.254%+$225 on $10k

Price spread, last 3 days (all we have)+0.136%+$14 · spread now +0.593%, 7d avg +0.971%

Together, before fees+2.390%+$239 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.377% cheaper against Injective than usual: you would sell low and buy high (spread +0.593% now, against its 7-day average of +0.971%). If the spread goes back, that is −$38 on $10k: about 41 hours of funding at the current rate (+$22 a day). At the pace of the last 3 days (+2.254% in total) that is about 13 hours. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ONDO/USDC PERP	0.4568	−0.0545	get 0.0068% / 1h	54m 04s	$888	$216K	5.5x
Short	GMX ONDO/USD [ETH-USDC]	0.4595	L +0.0589% / S −0.0188%	get 0.0023% / 1h	54m 04s	$549K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Injective. 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 InjectivebpFee GMXbpOrdersPrice spread, now +0.593%Rate

Funding earned: $153.77
Price spread: +0.593% → +0.971%: −$37.74
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee GMX: 6 bp × 2 orders: −$12
Net: $104.01
Costs to cover: 0.120%
Break-even: 2.3 days

Slippage unknown: Injective: no order-book sample; GMX: 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 Injective no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Injective and 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	−0.0794%	1h	0.4594	+0.575%	$2.9M	$8.0M	50x	as long as short
Injective ONDO/USDC PERPlong	−0.0545%	1h	0.4568	long leg	$888	$216K	5.5x
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4595	+0.595%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4595	+0.591%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4598	+0.668%	$433K	$706K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4596	+0.613%	$726K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4593	+0.547%	$68.5M	$227.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4591	+0.504%	$74.5M	$122.7M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4589	+0.460%	$17.9M	$81.7M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4591	+0.508%	$75K	$89K	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	0.4596	+0.612%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4592	+0.525%	$12.1M	$18.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4595	+0.591%	$49.5M	$43.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4595	+0.591%	$13.9M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4595	+0.591%	$26.1M	$41.6M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4594	+0.569%	—	$743K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4601	+0.720%	$790K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4592	+0.529%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4594	+0.576%	$424K	$947K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4590	+0.482%	$174K	$312K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4599	+0.687%	$69K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4598	+0.657%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4595	+0.591%	$478	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4605	+0.810%	$134K	$505K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4594	+0.569%	$4.8M	$6.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4597	+0.625%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4596	+0.611%	$411K	$846K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4595	+0.590%	$45K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4593	+0.541%	$38K	$257K	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0269%	1h	0.4597	+0.630%	$232K	$1.0M	15x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4599	+0.679%	$302K	$861K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4604	+0.788%	$3.3M	$3.2M	75x	as long as short
Hyperliquid ONDO	+0.0362%	1h	0.4599	+0.679%	$40.8M	$26.8M	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0403%	1h	0.4597	+0.635%	$36K	$436K	25x	as long as short
01 Exchange ONDOUSD	+0.0504%	1h	0.4604	+0.792%	$379	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]short	L +0.0589% / S −0.0188%	1h	0.4595	+0.593%	$549K	—	100x
Lighter ONDO	+0.1096%	1h	0.4605	+0.808%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1142%	1h	0.4597	+0.637%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.6351%	1h	0.4598	+0.665%	$260K	$129K	5x	as long as short