ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0092%/8h= −10.0% APRnext payment −$0.11 per $10,000 · paid last 24h −0.096%

Price spread now: gTrade (Gains Network) against Hyperliquid+0.196%7-day average — · you sell dearer than you buy

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

Long on Hyperliquid Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.196% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.196% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ONDO	0.4390	0.0100	pay 0.0013% / 1h	57m 40s	$38.5M	$24.2M	10x
Short	gTrade (Gains Network) ONDO/USD	0.4399	L +0.0003% / S −0.0008%	get 0.0001% / 1h	57m 40s	$6K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Hyperliquid. 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 HyperliquidbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.196%Rate

Funding earned: −$19.23
Price spread: +0.196% → 0.000%: $19.59
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$18.64
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 6 min ago; gTrade (Gains Network): 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 Hyperliquid live order book, 6 min ago	1.02 bp	9.7 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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 38 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
dYdX ONDO-USD	0.0000%	1h	0.4386	−0.097%	$248K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USDshort	L +0.0003% / S −0.0008%	1h	0.4399	+0.196%	$6K	—	150x
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.045%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4399	+0.195%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4400	+0.219%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4401	+0.253%	$378K	$833K	10x	as long as short
Hyperliquid ONDOlong	+0.0100%	1h	0.4390	long leg	$38.5M	$24.2M	10x
Aster ONDOUSDT	+0.0100%	4h	0.4389	−0.038%	$661K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4387	−0.082%	$63.7M	$225.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4383	−0.169%	$69.4M	$122.0M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4382	−0.191%	$17.0M	$71.9M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4420	+0.670%	$72K	$87K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4402	+0.259%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4387	−0.077%	$11.6M	$15.9M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4383	−0.169%	$46.3M	$40.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4388	−0.055%	$13.0M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4383	−0.169%	$24.9M	$39.3M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4388	−0.055%	—	$22.0M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4416	+0.577%	$766K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4415	+0.561%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4408	+0.398%	$407K	$978K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4416	+0.583%	$136K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4405	+0.333%	$80K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4402	+0.264%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4401	+0.241%	$457	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4411	+0.469%	$130K	$486K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4382	−0.183%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4388	−0.055%	$396K	$788K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4404	+0.298%	$38K	$13K	3x	as long as short
Phemex ONDOUSDT	+0.0151%	4h	0.4398	+0.173%	$4.2M	$7.5M	50x	as long as short
Backpack ONDO_USDC_PERP	+0.0240%	1h	0.4397	+0.159%	$196K	$987K	15x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4418	+0.638%	$35K	$214K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4422	+0.720%	$284K	$706K	50x	as long as short
01 Exchange ONDOUSD	+0.0368%	1h	0.4406	+0.360%	$363	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0432%	1h	0.4402	+0.264%	$23K	$349K	25x	as long as short
Lighter ONDO	+0.0480%	1h	0.4396	+0.130%	$1.4M	$2.1M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0550% / S −0.0190%	1h	0.4398	+0.182%	$485K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1148%	1h	0.4401	+0.241%	$2K	—	20x	as long as short