ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0187%/8h= +20.5% APRnext payment +$0.23 per $10,000 · paid last 24h −1.592%

Price spread now: GMX against dYdX+0.251%7-day average +0.009% · you sell dearer than you buy

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

Long on dYdX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−2.615%−$261 on $10k

Price spread, last 3 days (all we have)−0.241%−$24 · spread now +0.251%, 7d avg +0.009%

Together, before fees−2.856%−$286 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and GMX is 0.242% dearer against dYdX than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.009%. Mind the row above: over the last 3 days funding on this pair cost −2.615%, 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	dYdX ONDO-USD	0.4492	0	get 0.0000% / 1h	0m 45s	$254K	$131K	5x
Short	GMX ONDO/USD [ETH-USDC]	0.4503	L +0.0584% / S −0.0187%	get 0.0023% / 1h	0m 45s	$537K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against dYdX. 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 dYdXbpFee GMXbpOrdersPrice spread, now +0.251%Rate

Funding earned: $39.27
Price spread: +0.251% → +0.009%: $24.24
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $41.52
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: dYdX: live order book, 8 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 dYdX live order book, 8 min ago	130.76 bp	135.8 bp −$136	175.9 bp −$1,759	464.6 bp −$46.5K	1447.9 bp −$724.0K
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	−0.0887%	1h	0.4504	+0.264%	$2.7M	$8.0M	50x	as long as short
dYdX ONDO-USDlong	0.0000%	1h	0.4492	long leg	$254K	$131K	5x
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4503	+0.241%	$33K	$339K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4504	+0.262%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+1.688%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4503	+0.241%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4508	+0.346%	$423K	$731K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4496	+0.088%	$708K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4492	−0.002%	$66.8M	$223.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4490	−0.049%	$71.8M	$120.2M	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	0.4490	−0.049%	$17.2M	$76.2M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4508	+0.354%	$72K	$91K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4507	+0.325%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4495	+0.063%	$11.8M	$16.9M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4490	−0.049%	$46.8M	$42.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4493	+0.018%	$13.8M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4499	+0.152%	$25.4M	$39.0M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4497	+0.107%	—	$22.1M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4502	+0.221%	$227K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4505	+0.279%	$798K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4550	+1.287%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4579	+1.932%	$423K	$955K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4543	+1.131%	$169K	$332K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4509	+0.379%	$91K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4503	+0.241%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4504	+0.263%	$468	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4517	+0.552%	$133K	$496K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4491	−0.029%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4496	+0.081%	$408K	$823K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4503	+0.252%	$39K	$13K	3x	as long as short
Phemex ONDOUSDT	+0.0135%	4h	0.4506	+0.307%	$4.4M	$7.1M	50x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4541	+1.078%	$37K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0280%	1h	0.4511	+0.416%	$371	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4538	+1.020%	$297K	$806K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4498	+0.129%	$3.3M	$3.0M	75x	as long as short
Hyperliquid ONDO	+0.0365%	1h	0.4501	+0.187%	$40.0M	$25.0M	10x	as long as short
GMX ONDO/USD [ETH-USDC]short	L +0.0584% / S −0.0187%	1h	0.4503	+0.251%	$537K	—	100x
Lighter ONDO	+0.0696%	1h	0.4508	+0.347%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1146%	1h	0.4507	+0.335%	$2K	—	20x	as long as short