ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0382%/8h= +41.8% APRnext payment +$0.48 per $10,000 · paid last 24h +0.004%

Price spread now: GMX against Kraken Futures−0.037%7-day average −0.069% · you buy dearer than you sell

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

Long on Kraken Futures Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.180%−$18 on $10k

Price spread, last 4 days (all we have)+0.185%+$19 · spread now −0.037%, 7d avg −0.069%

Together, before fees+0.005%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and GMX is 0.032% dearer against Kraken Futures than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.069%. Mind the row above: over the last 4 days funding on this pair cost −0.180%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ONDOUSD	0.4388	−0.0174	get 0.0022% / 1h	2m 28s	$2.5M	$7.4M	50x
Short	GMX ONDO/USD [ETH-USDC]	0.4387	L +0.0584% / S −0.0208%	get 0.0026% / 1h	2m 28s	$508K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Kraken Futures. 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 Kraken FuturesbpFee GMXbpOrdersPrice spread, now −0.037%Rate

Funding earned: $80.26
Price spread: −0.037% → −0.069%: $3.22
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $61.47
Costs to cover: 0.220%
Break-even: 1.6 days

Slippage unknown: Kraken Futures: live order book, 1 min ago; 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 Kraken Futures live order book, 1 min ago	4.56 bp	11.7 bp −$12	20.8 bp −$208	92.0 bp −$9,198	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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_ONDOUSDlong	−0.0174%	1h	0.4388	long leg	$2.5M	$7.4M	50x
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4387	−0.031%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.095%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4390	+0.029%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4380	−0.201%	$343K	$875K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4381	−0.161%	$763K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4380	−0.195%	$63.9M	$229.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4375	−0.303%	$68.8M	$120.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4376	−0.281%	$17.5M	$70.5M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4391	+0.068%	$72K	$77K	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	0.4389	+0.013%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4379	−0.212%	$13.6M	$15.3M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4379	−0.212%	$44.1M	$42.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4380	−0.190%	$13.1M	$10.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4380	−0.190%	$25.5M	$35.6M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4378	−0.235%	—	$778K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4388	−0.010%	$186K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4384	−0.103%	$777K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4385	−0.071%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4388	−0.008%	$406K	$1.7M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4385	−0.076%	$136K	$327K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4382	−0.135%	$61K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4376	−0.281%	$24K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4388	−0.007%	—	$1.3M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4388	−0.007%	$2K	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4392	+0.084%	$133K	$363K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4387	−0.030%	$4.3M	$8.9M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4383	−0.116%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4379	−0.205%	$365K	$794K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4390	+0.033%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0206%	1h	0.4387	−0.030%	$24K	$363K	25x	as long as short
01 Exchange ONDOUSD	+0.0256%	1h	0.4380	−0.196%	$360	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4392	+0.084%	$217K	$711K	50x	as long as short
Phoenix ONDO	+0.0277%	1h	0.4389	+0.006%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4388	−0.007%	$3.2M	$3.1M	75x	as long as short
Hyperliquid ONDO	+0.0378%	1h	0.4383	−0.119%	$36.8M	$27.9M	10x	as long as short
GMX ONDO/USD [ETH-USDC]short	L +0.0584% / S −0.0208%	1h	0.4387	−0.037%	$508K	—	100x
Reya ONDORUSDPERP	+0.1163%	1h	0.4387	−0.025%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.2865%	1h	0.4386	−0.046%	$251K	$159K	5x	as long as short