ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.3577%/8h= +391.7% APRnext payment +$4.47 per $10,000 · paid last 24h +1.063%

Price spread now: dYdX against GMX−0.097%7-day average 0.000% · you buy dearer than you sell

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

Long on GMX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+2.304%+$230 on $10k

Price spread, last 4 days (all we have)+0.114%+$11 · spread now −0.097%, 7d avg 0.000%

Together, before fees+2.417%+$242 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.097% cheaper against GMX than usual: you would sell low and buy high (spread −0.097% now, against its 7-day average of 0.000%). If the spread goes back, that is −$10 on $10k: about 2 hours of funding at the current rate (+$107 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ONDO/USD [ETH-USDC]	0.4308	L +0.0166% / S +0.0191%	pay 0.0021% / 1h	3m 47s	$328K	—	100x
Short	dYdX ONDO-USD	0.4304	0.3743	get 0.0468% / 1h	3m 47s	$246K	$160K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against GMX. 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 GMXbpFee dYdXbpOrdersPrice spread, now −0.097%Rate

Funding earned: $751.23
Price spread: −0.097% → 0.000%: −$9.7
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: $719.53
Costs to cover: 0.220%
Break-even: 0.3 days

Slippage unknown: GMX: no order-book sample; dYdX: live order book, 43 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell dYdX live order book, 43 min ago	10.37 bp	50.2 bp −$50	242.8 bp −$2,428	266.2 bp −$26.6K	523.6 bp −$261.8K

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 exchanges

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	−0.0326%	1h	0.4306	−0.040%	$2.5M	$6.7M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4304	−0.094%	$21K	$354K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4304	−0.103%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+6.034%	$888	$215K	5.5x	as long as short
Bybit ONDOUSDT	+0.0042%	4h	0.4301	−0.164%	$66.6M	$113.1M	50x	as long as short
01 Exchange ONDOUSD	+0.0064%	1h	0.4305	−0.071%	$354	$2K	10x	as long as short
Lighter ONDO	+0.0096%	1h	0.4307	−0.023%	$1.1M	$2.3M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4303	−0.118%	$23K	$7K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4303	−0.106%	$332K	$816K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4306	−0.057%	$36.3M	$26.3M	10x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ONDOUSDT	+0.0100%	4h	0.4305	−0.079%	$761K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4302	−0.138%	$62.1M	$213.6M	75x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4302	−0.141%	$17.2M	$65.9M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4306	−0.048%	$69K	$67K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4303	−0.127%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4302	−0.141%	$14.0M	$13.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4303	−0.118%	$43.9M	$41.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4303	−0.118%	$13.0M	$9.2M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4303	−0.118%	$24.9M	$31.5M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4302	−0.141%	—	$782K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4304	−0.090%	$181K	$976K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4306	−0.040%	$616K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4302	−0.148%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4302	−0.137%	$405K	$2.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4300	−0.187%	$86K	$350K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4305	−0.067%	$55K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4303	−0.118%	—	$1.2M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4304	−0.094%	$447	$17K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4312	+0.091%	$106K	$444K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4305	−0.071%	$4.1M	$8.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4303	−0.125%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4301	−0.174%	$348K	$761K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4305	−0.060%	$37K	$13K	3x	as long as short
GMX ONDO/USD [ETH-USDC]long	L +0.0166% / S +0.0191%	1h	0.4308	long leg	$328K	—	100x
Phoenix ONDO	+0.0221%	1h	0.4308	+0.001%	$35K	$208K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4305	−0.071%	$212K	$558K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4303	−0.118%	$3.2M	$2.8M	75x	as long as short
Reya ONDORUSDPERP	+0.1168%	1h	0.4302	−0.134%	$2K	—	20x	as long as short
dYdX ONDO-USDshort	+0.3743%	1h	0.4304	−0.097%	$246K	$160K	5x