ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0664%/8h= −72.7% APRnext payment −$0.83 per $10,000 · paid last 24h −0.180%

Price spread now: gTrade (Gains Network) against Lighter−0.164%7-day average — · you buy dearer than you sell

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

Long on Lighter 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 airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and gTrade (Gains Network) is 0.164% cheaper against Lighter than usual: you would sell low and buy high (−$16 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	Lighter ONDO	0.4605	0.0672	pay 0.0084% / 1h	7m 51s	$1.5M	$2.3M	10x
Short	gTrade (Gains Network) ONDO/USD	0.4597	L +0.0003% / S −0.0008%	get 0.0001% / 1h	7m 51s	$6K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Lighter. 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 LighterbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.164%Rate

Funding earned: −$139.35
Price spread: −0.164% → 0.000%: −$16.44
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$165.79
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 4 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 Lighter live order book, 4 min ago	5.31 bp	10.6 bp −$11	19.9 bp −$199	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	−0.0869%	1h	0.4596	−0.179%	$2.8M	$7.9M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4598	−0.137%	$260K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USDshort	L +0.0003% / S −0.0008%	1h	0.4597	−0.164%	$6K	—	150x
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−0.795%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4596	−0.187%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4600	−0.105%	$431K	$706K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4596	−0.180%	$68.8M	$221.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4594	−0.230%	$74.0M	$119.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4597	−0.165%	$17.6M	$77.7M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4593	−0.254%	$73K	$91K	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	0.4595	−0.207%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4592	−0.274%	$12.1M	$16.8M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4596	−0.187%	$49.4M	$42.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4595	−0.208%	$14.3M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4596	−0.187%	$26.1M	$38.7M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4595	−0.208%	—	$22.0M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4599	−0.127%	$817K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4605	+0.005%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4614	+0.196%	$426K	$967K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4607	+0.052%	$172K	$335K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4601	−0.078%	$74K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4599	−0.122%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4597	−0.165%	$478	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4607	+0.052%	$135K	$492K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4596	−0.187%	$4.5M	$7.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4595	−0.217%	$7K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4593	−0.242%	$417K	$823K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4601	−0.070%	$40K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0105%	4h	0.4596	−0.196%	$724K	$2.1M	20x	as long as short
Backpack ONDO_USDC_PERP	+0.0114%	1h	0.4593	−0.252%	$231K	$1.0M	15x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4613	+0.182%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0280%	1h	0.4600	−0.102%	$379	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4605	+0.009%	$300K	$818K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4604	−0.013%	$3.3M	$3.0M	75x	as long as short
Hyperliquid ONDO	+0.0374%	1h	0.4602	−0.061%	$40.9M	$24.8M	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0403%	1h	0.4598	−0.143%	$34K	$341K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0591% / S −0.0188%	1h	0.4597	−0.167%	$549K	—	100x	as long as short
Lighter ONDOlong	+0.0672%	1h	0.4605	long leg	$1.5M	$2.3M	10x
Reya ONDORUSDPERP	+0.1146%	1h	0.4600	−0.105%	$2K	—	20x	as long as short