ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0119%/8h= +13.0% APRnext payment +$0.15 per $10,000 · paid last 24h +0.024%

Price spread now: GMX against Ondo Perps+0.644%7-day average — · you sell dearer than you buy

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

Long on Ondo Perps Short on GMX

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 airdropOndo Perps: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GMX is 0.644% dearer against Ondo Perps than usual: you sell high and buy low: +$64 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ONDO-USD.P	0.4344	0.0100	pay 0.0013% / 1h	45m 40s	$72K	$84K	10x
Short	GMX ONDO/USD [ETH-USDC]	0.4372	L +0.0606% / S −0.0219%	get 0.0027% / 1h	45m 40s	$520K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Ondo Perps. 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 Ondo PerpsbpFee GMXbpOrdersPrice spread, now +0.644%Rate

Funding earned: $24.95
Price spread: +0.644% → 0.000%: $64.37
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee GMX: 6 bp × 2 orders: −$12
Net: $72.31
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Ondo Perps: 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Ondo Perps 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
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4373	+0.668%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4377	+0.764%	$2.6M	$8.0M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.159%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4375	+0.716%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4378	+0.779%	$370K	$843K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4376	+0.734%	$37.5M	$24.5M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4378	+0.784%	$63.0M	$229.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4374	+0.693%	$69.2M	$124.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4377	+0.762%	$16.8M	$72.3M	50x	as long as short
Ondo Perps ONDO-USD.Plong	+0.0100%	1h	0.4344	long leg	$72K	$84K	10x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4376	+0.733%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4374	+0.693%	$11.5M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4374	+0.693%	$45.8M	$41.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4373	+0.670%	$12.7M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4375	+0.716%	$25.0M	$39.7M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4375	+0.716%	—	$21.9M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4378	+0.787%	$187K	$981K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4374	+0.686%	$709K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4369	+0.578%	$4K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4355	+0.265%	$402K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4350	+0.140%	$134K	$355K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4375	+0.727%	$67K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4377	+0.762%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4380	+0.831%	$455	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4384	+0.923%	$127K	$477K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4377	+0.762%	$4.2M	$7.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4375	+0.718%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4376	+0.730%	$395K	$793K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4378	+0.795%	$38K	$13K	3x	as long as short
Lighter ONDO	+0.0216%	1h	0.4380	+0.822%	$1.1M	$2.4M	10x	as long as short
Aster ONDOUSDT	+0.0217%	4h	0.4377	+0.769%	$736K	$2.4M	20x	as long as short
01 Exchange ONDOUSD	+0.0232%	1h	0.4379	+0.799%	$360	$2K	10x	as long as short
dYdX ONDO-USD	+0.0310%	1h	0.4371	+0.629%	$247K	$129K	5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4394	+1.153%	$276K	$719K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4375	+0.716%	$3.1M	$2.9M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4354	+0.223%	$35K	$223K	10x	as long as short
GMX ONDO/USD [ETH-USDC]short	L +0.0606% / S −0.0219%	1h	0.4372	+0.644%	$520K	—	100x
Deribit ONDO_USDC-PERPETUAL	+0.0664%	1h	0.4379	+0.808%	$23K	$346K	25x	as long as short
Reya ONDORUSDPERP	+0.1151%	1h	0.4373	+0.663%	$2K	—	20x	as long as short