ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0473%/8h= −51.8% APRnext payment −$0.59 per $10,000 · paid last 24h −0.130%

Price spread now: Polymarket Perps against GMX−0.068%54s7-day average +0.064% · you buy dearer than you sell

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

Long on GMX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.474%−$47 on $10k

Price spread, last 4 days (all we have)+0.166%+$17 · spread now −0.068%, 7d avg +0.064%

Together, before fees−0.307%−$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Polymarket Perps is 0.132% cheaper against GMX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.064%). Swap the legs. 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	GMX ONDO/USD [ETH-USDC]	0.4331	L +0.0573% / S −0.0203%	pay 0.0072% / 1h	10m 25s	$496K	—	100x
Short	Polymarket Perps ONDO-USD	0.4329	0.0100	get 0.0013% / 1h	10m 25s	$61K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.068%Rate

Funding earned: −$99.4
Price spread: −0.068% → +0.064%: −$13.22
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$132.62
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Polymarket Perps: live order book, 3 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 Polymarket Perps live order book, 3 min ago	2.30 bp	6.5 bp −$7	7.1 bp −$71	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	−0.0146%	1h	0.4331	+0.001%	$2.5M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4341	+0.215%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.461%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4336	+0.105%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4329	−0.068%	$347K	$888K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4330	−0.033%	$778K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4328	−0.079%	$62.6M	$233.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4326	−0.126%	$67.8M	$122.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4328	−0.079%	$17.2M	$72.0M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4348	+0.385%	$71K	$81K	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	0.4329	−0.051%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4329	−0.056%	$12.6M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4327	−0.103%	$43.5M	$42.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4327	−0.103%	$12.0M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4327	−0.103%	$24.7M	$36.9M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4330	−0.033%	—	$773K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4335	+0.071%	$177K	$995K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4332	+0.006%	$724K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4342	+0.255%	$5K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4342	+0.237%	$406K	$1.5M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4340	+0.198%	$133K	$339K	50x	as long as short
Polymarket Perps ONDO-USDshort	+0.0100%	1h	0.4329	−0.068%	$61K	$1.4M	10x
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4332	+0.013%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4336	+0.105%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4333	+0.036%	$450	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4342	+0.244%	$129K	$397K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4336	+0.105%	$4.2M	$8.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4329	−0.057%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4329	−0.062%	$358K	$810K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4335	+0.094%	$38K	$13K	3x	as long as short
dYdX ONDO-USD	+0.0127%	1h	0.4334	+0.070%	$243K	$140K	5x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0212%	1h	0.4334	+0.059%	$18K	$351K	25x	as long as short
01 Exchange ONDOUSD	+0.0232%	1h	0.4331	−0.017%	$356	$2K	10x	as long as short
Hyperliquid ONDO	+0.0249%	1h	0.4332	+0.008%	$36.4M	$27.2M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4342	+0.244%	$215K	$728K	50x	as long as short
Phoenix ONDO	+0.0313%	1h	0.4346	+0.334%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4335	+0.082%	$3.1M	$3.2M	75x	as long as short
GMX ONDO/USD [ETH-USDC]long	L +0.0573% / S −0.0203%	1h	0.4331	long leg	$496K	—	100x
Reya ONDORUSDPERP	+0.1159%	1h	0.4333	+0.029%	$2K	—	20x	as long as short