ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0103%/8h= +11.3% APRnext payment +$0.13 per $10,000 · paid last 24h +0.025%

Price spread now: GMX against Polymarket Perps+0.079%54s7-day average −0.064% · you sell dearer than you buy

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

Long on Polymarket Perps Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.073%+$7 on $10k

Price spread, last 3 days (all we have)−0.169%−$17 · spread now +0.079%, 7d avg −0.064%

Together, before fees−0.096%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GMX is 0.142% dearer against Polymarket Perps than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.064%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ONDO-USD	0.4522	0.0100	pay 0.0013% / 1h	30m 23s	$80K	$1.0M	10x
Short	GMX ONDO/USD [ETH-USDC]	0.4525	L +0.0618% / S −0.0203%	get 0.0025% / 1h	30m 23s	$563K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Polymarket 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 Polymarket PerpsbpFee GMXbpOrdersPrice spread, now +0.079%Rate

Funding earned: $21.64
Price spread: +0.079% → −0.064%: $14.24
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $15.88
Costs to cover: 0.200%
Break-even: 1.9 days

Slippage unknown: Polymarket Perps: live order book, 3 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 Polymarket Perps live order book, 3 min ago	1.99 bp	8.5 bp −$9	8.7 bp −$87	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	−0.1124%	1h	0.4525	+0.076%	$3.0M	$7.7M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4525	+0.069%	$19K	$364K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4518	−0.096%	$6K	—	150x	as long as short
Phoenix ONDO	+0.0018%	1h	0.4531	+0.197%	$30K	$222K	10x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4522	+0.002%	$1K	$132K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4523	+0.024%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4521	−0.020%	$425K	$677K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4524	+0.042%	$760K	$2.0M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4519	−0.067%	$66.5M	$219.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4521	−0.020%	$73.4M	$117.9M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4520	−0.042%	$17.7M	$79.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4536	+0.303%	$72K	$85K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4521	−0.026%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4519	−0.064%	$11.8M	$18.7M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4519	−0.064%	$47.6M	$45.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4520	−0.042%	$13.7M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4522	+0.002%	$25.5M	$41.1M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4518	−0.086%	—	$22.7M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4526	+0.091%	$195K	$970K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4528	+0.142%	$791K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4531	+0.205%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4535	+0.282%	$418K	$936K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4533	+0.245%	$160K	$330K	50x	as long as short
Polymarket Perps ONDO-USDlong	+0.0100%	1h	0.4522	long leg	$80K	$1.0M	10x
SunX ONDO-USDT	+0.0100%	4h	0.4530	+0.179%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4524	+0.046%	$470	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4534	+0.268%	$126K	$512K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4524	+0.046%	$4.8M	$6.2M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4520	−0.047%	$6K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4520	−0.031%	$403K	$980K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4527	+0.113%	$36K	—	3x	as long as short
Hyperliquid ONDO	+0.0213%	1h	0.4526	+0.091%	$40.7M	$27.5M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4534	+0.268%	$305K	$841K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4526	+0.091%	$3.2M	$3.0M	75x	as long as short
01 Exchange ONDOUSD	+0.0416%	1h	0.4525	+0.073%	$372	$2K	10x	as long as short
Lighter ONDO	+0.0528%	1h	0.4529	+0.164%	$1.4M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]short	L +0.0618% / S −0.0203%	1h	0.4525	+0.079%	$563K	—	100x
Reya ONDORUSDPERP	+0.1139%	1h	0.4521	−0.019%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.9579%	1h	0.4521	−0.018%	$256K	$123K	5x	as long as short