ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.06 per $10,000 · paid last 24h +0.020%

Price spread now: GMX against Phoenix+0.124%7-day average −0.065% · you sell dearer than you buy

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

Long on Phoenix Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.064%+$6 on $10k

Price spread, last 3 days (all we have)−0.119%−$12 · spread now +0.124%, 7d avg −0.065%

Together, before fees−0.054%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and GMX is 0.188% dearer against Phoenix than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ONDO	0.4593	0.0142	pay 0.0018% / 1h	54m 31s	$38K	$257K	10x
Short	GMX ONDO/USD [ETH-USDC]	0.4598	L +0.0589% / S −0.0188%	get 0.0023% / 1h	54m 31s	$549K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Phoenix. 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 PhoenixbpFee GMXbpOrdersPrice spread, now +0.124%Rate

Funding earned: $9.57
Price spread: +0.124% → −0.065%: $18.82
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: $9.38
Costs to cover: 0.190%
Break-even: 0.1 days

Slippage unknown: Phoenix: live order book, 18 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 Phoenix live order book, 18 min ago	1.09 bp	12.6 bp −$13	51.4 bp −$514	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	−0.0793%	1h	0.4598	+0.122%	$2.9M	$8.0M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	−0.538%	$888	$216K	5.5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4598	+0.122%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4599	+0.137%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4598	+0.126%	$433K	$706K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4602	+0.211%	$727K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4600	+0.159%	$68.6M	$227.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4597	+0.094%	$74.6M	$122.7M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4596	+0.072%	$17.9M	$81.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4591	−0.033%	$75K	$89K	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	0.4596	+0.071%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4597	+0.094%	$12.1M	$18.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4598	+0.115%	$49.7M	$43.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4599	+0.137%	$13.8M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4599	+0.137%	$26.1M	$41.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4598	+0.115%	—	$22.3M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4601	+0.178%	$790K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4592	−0.012%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4594	+0.035%	$424K	$947K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4590	−0.059%	$174K	$312K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4603	+0.233%	$69K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4601	+0.181%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4600	+0.159%	$478	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4610	+0.377%	$134K	$505K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4596	+0.072%	$4.8M	$6.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4597	+0.084%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4598	+0.113%	$411K	$846K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4598	+0.124%	$45K	$8K	3x	as long as short
Phoenix ONDOlong	+0.0142%	1h	0.4593	long leg	$38K	$257K	10x
Backpack ONDO_USDC_PERP	+0.0293%	1h	0.4596	+0.081%	$232K	$1.0M	15x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4608	+0.333%	$302K	$863K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4604	+0.246%	$3.3M	$3.2M	75x	as long as short
Hyperliquid ONDO	+0.0368%	1h	0.4605	+0.261%	$40.8M	$26.7M	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0402%	1h	0.4601	+0.181%	$37K	$436K	25x	as long as short
01 Exchange ONDOUSD	+0.0504%	1h	0.4604	+0.250%	$379	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]short	L +0.0589% / S −0.0188%	1h	0.4598	+0.124%	$549K	—	100x
Lighter ONDO	+0.1096%	1h	0.4607	+0.322%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1142%	1h	0.4600	+0.162%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.6351%	1h	0.4598	+0.123%	$260K	$129K	5x	as long as short