ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0450%/8h= −49.3% APRnext payment −$0.56 per $10,000 · paid last 24h −0.129%

Price spread now: Extended against GMX−0.015%7-day average −0.037% · you buy dearer than you sell

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

Long on GMX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.461%−$46 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now −0.015%, 7d avg −0.037%

Together, before fees−0.483%+ Points / potential airdropExtended: Active · farm board−$48 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.022% dearer against GMX than usual: you sell high and buy low (spread −0.015% now, against its 7-day average of −0.037%): +$2 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ONDO/USD [ETH-USDC]	0.4341	L +0.0554% / S −0.0193%	pay 0.0069% / 1h	50m 03s	$483K	—	100x
Short	Extended ONDO-USD	0.4340	0.0104	get 0.0013% / 1h	50m 03s	$389K	$792K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$94.49
Price spread: −0.015% → −0.037%: $2.2
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$109.29
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Extended: live order book, 63 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 Extended live order book, 63 min ago	3.40 bp	6.0 bp −$6	15.3 bp −$153	doesn't fit	doesn't fit

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	−0.0241%	1h	0.4336	−0.117%	$2.6M	$7.9M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4341	−0.002%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.229%	$888	$216K	5.5x	as long as short
dYdX ONDO-USD	+0.0042%	1h	0.4340	−0.025%	$248K	$133K	5x	as long as short
01 Exchange ONDOUSD	+0.0048%	1h	0.4342	+0.018%	$357	$2K	10x	as long as short
Lighter ONDO	+0.0096%	1h	0.4342	+0.014%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4341	0.000%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4342	+0.029%	$352K	$875K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4339	−0.046%	$36.4M	$25.7M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4338	−0.069%	$62.5M	$234.4M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ONDOUSDT	+0.0100%	4h	0.4335	−0.138%	$67.5M	$124.9M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4336	−0.115%	$17.1M	$72.7M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4338	−0.074%	$72K	$82K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4341	+0.001%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4337	−0.092%	$12.1M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4338	−0.069%	$43.4M	$41.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4338	−0.069%	$12.1M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4338	−0.069%	$24.9M	$39.9M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4338	−0.069%	—	$763K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4339	−0.055%	$176K	$983K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4339	−0.052%	$683K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4337	−0.095%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4339	−0.046%	$400K	$1.2M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4336	−0.115%	$134K	$355K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4342	+0.014%	$68K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4342	+0.023%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4339	−0.046%	$451	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4348	+0.161%	$129K	$428K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4338	−0.069%	$4.2M	$8.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4341	+0.008%	$6K	—	10x	as long as short
Aster ONDOUSDT	+0.0102%	4h	0.4340	−0.020%	$777K	$2.6M	20x	as long as short
Extended ONDO-USDshort	+0.0104%	1h	0.4340	−0.015%	$389K	$792K	25x
Aevo ONDO-PERP	+0.0104%	1h	0.4344	+0.069%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0211%	1h	0.4343	+0.046%	$18K	$362K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4346	+0.115%	$218K	$767K	50x	as long as short
Phoenix ONDO	+0.0332%	1h	0.4346	+0.122%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4340	−0.023%	$3.1M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]long	L +0.0554% / S −0.0193%	1h	0.4341	long leg	$483K	—	100x
Reya ONDORUSDPERP	+0.1155%	1h	0.4341	+0.005%	$2K	—	20x	as long as short