ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0025%/8h= −2.7% APRnext payment −$0.03 per $10,000 · paid last 24h +0.610%

Price spread now: gTrade (Gains Network) against Injective−0.544%7-day average — · you buy dearer than you sell

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

Long on Injective 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—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and gTrade (Gains Network) is 0.544% cheaper against Injective than usual: you would sell low and buy high (−$54 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ONDO/USDC PERP	0.4568	0.0033	pay 0.0004% / 1h	49m 07s	$888	$216K	5.5x
Short	gTrade (Gains Network) ONDO/USD	0.4543	L +0.0003% / S −0.0008%	get 0.0001% / 1h	49m 07s	$6K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Injective. 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 InjectivebpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.544%Rate

Funding earned: −$5.23
Price spread: −0.544% → 0.000%: −$54.44
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$69.7
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

Injective and 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 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	−0.0879%	1h	0.4542	−0.571%	$2.7M	$8.0M	50x	as long as short
Gate ONDO_USDT	−0.0056%	4h	0.4543	−0.547%	$11.9M	$16.5M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4550	−0.389%	$257K	$132K	5x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4543	−0.547%	$33K	$363K	25x	as long as short
gTrade (Gains Network) ONDO/USDshort	L +0.0003% / S −0.0008%	1h	0.4543	−0.544%	$6K	—	150x
Injective ONDO/USDC PERPlong	+0.0033%	1h	0.4568	long leg	$888	$216K	5.5x
ApeX Omni ONDOUSDT	+0.0048%	1h	0.4541	−0.591%	$173K	$326K	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4542	−0.569%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4547	−0.449%	$437K	$702K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4551	−0.374%	$40.2M	$26.0M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ONDOUSDT	+0.0100%	4h	0.4548	−0.438%	$720K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4546	−0.486%	$68.0M	$225.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4546	−0.482%	$73.4M	$120.7M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4544	−0.525%	$17.5M	$79.4M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4555	−0.280%	$75K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4552	−0.346%	—	—	5x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4543	−0.547%	$48.5M	$41.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4545	−0.504%	$14.1M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4545	−0.504%	$25.7M	$40.1M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4546	−0.482%	—	$22.3M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4546	−0.473%	$227K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4542	−0.574%	$808K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4549	−0.426%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4553	−0.331%	$429K	$960K	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4552	−0.342%	$69K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4545	−0.504%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4544	−0.525%	$472	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4554	−0.306%	$133K	$502K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4543	−0.547%	$4.5M	$7.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4551	−0.373%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4543	−0.541%	$407K	$843K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4545	−0.504%	$39K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0232%	1h	0.4556	−0.263%	$375	$2K	10x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4558	−0.223%	$38K	$248K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4555	−0.285%	$297K	$817K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4545	−0.504%	$3.3M	$3.2M	75x	as long as short
Lighter ONDO	+0.0464%	1h	0.4550	−0.392%	$1.5M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0587% / S −0.0188%	1h	0.4543	−0.545%	$543K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1144%	1h	0.4547	−0.454%	$2K	—	20x	as long as short