ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0103%/8h= +11.3% APRnext payment +$0.13 per $10,000 · paid last 24h +0.026%

Price spread now: GMX against Nado−0.140%7-day average −0.001% · you buy dearer than you sell

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

Long on Nado Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.061%+$6 on $10k

Price spread, last 4 days (all we have)+0.135%+$13 · spread now −0.140%, 7d avg −0.001%

Together, before fees+0.195%+ Points / potential airdropNado: Active · farm board+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.139% cheaper against Nado than usual: you would sell low and buy high (spread −0.140% now, against its 7-day average of −0.001%). If the spread goes back, that is −$14 on $10k: about 4.5 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ONDO-PERP	0.4326	0.0100	pay 0.0012% / 1h	55m 55s	$346K	$889K	10x
Short	GMX ONDO/USD [ETH-USDC]	0.4320	L +0.0573% / S −0.0203%	get 0.0025% / 1h	55m 55s	$494K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Nado. 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 NadobpFee GMXbpOrdersPrice spread, now −0.140%Rate

Funding earned: $21.72
Price spread: −0.140% → −0.001%: −$13.86
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: −$11.13
Costs to cover: 0.190%
Break-even: 10.6 days

Slippage unknown: Nado: live order book, 42 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 Nado live order book, 42 min ago	0.35 bp	8.5 bp −$8	18.6 bp −$186	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	−0.0177%	1h	0.4320	−0.143%	$2.5M	$7.8M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4323	−0.075%	$18K	$351K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4321	−0.123%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.588%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4325	−0.029%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERPlong	+0.0100%	1h	0.4326	long leg	$346K	$889K	10x
Aster ONDOUSDT	+0.0100%	4h	0.4314	−0.283%	$758K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4310	−0.376%	$63.0M	$234.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4309	−0.399%	$68.0M	$122.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4310	−0.376%	$17.3M	$71.7M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4339	+0.283%	$71K	$81K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4330	+0.084%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4310	−0.376%	$13.0M	$15.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4309	−0.399%	$43.9M	$41.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4310	−0.376%	$12.1M	$10.4M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4309	−0.399%	$24.6M	$36.8M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4310	−0.376%	—	$23.1M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4315	−0.253%	$175K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4321	−0.126%	$679K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4322	−0.090%	$5K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4324	−0.048%	$405K	$1.6M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4321	−0.121%	$134K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4324	−0.052%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4321	−0.121%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4324	−0.052%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4322	−0.098%	$2K	$15K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4336	+0.225%	$129K	$369K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4320	−0.144%	$4.2M	$9.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4331	+0.116%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4307	−0.437%	$366K	$827K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4324	−0.052%	$38K	$13K	3x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4339	+0.295%	$214K	$735K	50x	as long as short
Phoenix ONDO	+0.0315%	1h	0.4328	+0.050%	$35K	$218K	10x	as long as short
01 Exchange ONDOUSD	+0.0320%	1h	0.4333	+0.151%	$357	$2K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4335	+0.202%	$3.2M	$3.1M	75x	as long as short
Hyperliquid ONDO	+0.0540%	1h	0.4315	−0.269%	$36.4M	$27.3M	10x	as long as short
GMX ONDO/USD [ETH-USDC]short	L +0.0573% / S −0.0203%	1h	0.4320	−0.140%	$494K	—	100x
Reya ONDORUSDPERP	+0.1161%	1h	0.4324	−0.063%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1625%	1h	0.4333	+0.163%	$243K	$155K	5x	as long as short