ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0112%/8h= +12.3% APRnext payment +$0.14 per $10,000 · paid last 24h −0.095%

Price spread now: GMX against Lighter−0.250%7-day average −0.118% · you buy dearer than you sell

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

Long on Lighter Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.123%−$12 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.250%, 7d avg −0.118%

Together, before fees−0.069%+ Points / potential airdropLighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.131% cheaper against Lighter than usual: you would sell low and buy high (spread −0.250% now, against its 7-day average of −0.118%). If the spread goes back, that is −$13 on $10k: about 3.9 days of funding at the current rate (+$3 a day). Mind the row above: over the last 4 days funding on this pair cost −0.123%, 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	Lighter ONDO	0.4379	0.0096	pay 0.0012% / 1h	11m 25s	$1.1M	$2.4M	10x
Short	GMX ONDO/USD [ETH-USDC]	0.4368	L +0.0583% / S −0.0208%	get 0.0026% / 1h	11m 25s	$505K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.250%Rate

Funding earned: $23.55
Price spread: −0.250% → −0.118%: −$13.13
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$1.59
Costs to cover: 0.120%
Break-even: 7.5 days

Slippage unknown: Lighter: live order book, 5 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 Lighter live order book, 5 min ago	6.05 bp	6.7 bp −$7	20.1 bp −$201	doesn't fit	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_ONDOUSD	−0.0175%	1h	0.4368	−0.245%	$2.5M	$7.5M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4375	−0.089%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.311%	$888	$216K	5.5x	as long as short
Lighter ONDOlong	+0.0096%	1h	0.4379	long leg	$1.1M	$2.4M	10x
Nado ONDO-PERP	+0.0100%	1h	0.4374	−0.130%	$343K	$885K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4377	−0.056%	$763K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4375	−0.105%	$63.8M	$229.7M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4372	−0.164%	$68.5M	$120.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4374	−0.119%	$17.5M	$70.5M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4364	−0.340%	$72K	$78K	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	0.4374	−0.112%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4374	−0.119%	$13.5M	$15.3M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4375	−0.096%	$43.7M	$42.5M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4375	−0.096%	$12.9M	$10.2M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4376	−0.073%	$25.4M	$35.7M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4377	−0.050%	—	$23.1M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4370	−0.201%	$184K	$998K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4371	−0.190%	$741K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4370	−0.201%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4371	−0.197%	$409K	$1.7M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4366	−0.301%	$135K	$327K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4375	−0.107%	$61K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4370	−0.210%	$24K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4366	−0.301%	—	$1.3M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4369	−0.233%	$2K	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4370	−0.210%	$132K	$363K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4369	−0.233%	$4.3M	$9.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4376	−0.081%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4375	−0.086%	$363K	$814K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4370	−0.210%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0208%	1h	0.4370	−0.210%	$29K	$358K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4376	−0.073%	$216K	$707K	50x	as long as short
01 Exchange ONDOUSD	+0.0264%	1h	0.4375	−0.084%	$360	$2K	10x	as long as short
Phoenix ONDO	+0.0277%	1h	0.4375	−0.094%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4366	−0.301%	$3.2M	$3.1M	75x	as long as short
Hyperliquid ONDO	+0.0435%	1h	0.4379	−0.014%	$36.8M	$28.0M	10x	as long as short
GMX ONDO/USD [ETH-USDC]short	L +0.0583% / S −0.0208%	1h	0.4368	−0.250%	$505K	—	100x
Reya ONDORUSDPERP	+0.1163%	1h	0.4363	−0.376%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3036%	1h	0.4371	−0.185%	$250K	$159K	5x	as long as short