ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0224%/8h= −24.6% APRnext payment −$0.28 per $10,000 · paid last 24h +0.103%

Price spread now: GMX against Injective−5.690%57s7-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 GMX

What this pair did over the last

the charts below follow

Funding, last 4 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 −$7 a day on $10k at the current rate, and GMX is 5.690% cheaper against Injective than usual: you would sell low and buy high (−$569 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 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	Injective ONDO/USDC PERP	0.4568	0.0033	pay 0.0004% / 1h	6m 11s	$888	$215K	5.5x
Short	GMX ONDO/USD [ETH-USDC]	0.4308	L +0.0166% / S +0.0191%	pay 0.0024% / 1h	6m 11s	$328K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −5.690%Rate

Funding earned: −$47.11
Price spread: −5.690% → 0.000%: −$569.02
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee GMX: 6 bp × 2 orders: −$12
Net: −$628.16
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; GMX: 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 GMX no order-book sample	—	—	—	—	—

Injective and 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	−5.736%	$2.5M	$6.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4305	−5.753%	$7K	—	150x	as long as short
Injective ONDO/USDC PERPlong	+0.0033%	1h	0.4568	long leg	$888	$215K	5.5x
Bybit ONDOUSDT	+0.0041%	4h	0.4304	−5.779%	$66.6M	$113.8M	50x	as long as short
01 Exchange ONDOUSD	+0.0056%	1h	0.4310	−5.657%	$355	$2K	10x	as long as short
Lighter ONDO	+0.0096%	1h	0.4312	−5.609%	$1.1M	$2.3M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4305	−5.757%	$23K	$7K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4306	−5.725%	$332K	$817K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4308	−5.685%	$36.3M	$26.3M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4309	−5.666%	$762K	$2.8M	20x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ONDOUSDT	+0.0100%	4h	0.4308	−5.700%	$62.2M	$214.4M	75x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4304	−5.779%	$17.2M	$66.0M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4291	−6.073%	$69K	$67K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4306	−5.728%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4306	−5.736%	$14.0M	$13.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4307	−5.714%	$43.8M	$41.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4307	−5.714%	$13.0M	$9.2M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4305	−5.757%	$24.9M	$31.7M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4306	−5.736%	—	$781K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4306	−5.731%	$180K	$976K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4289	−6.098%	$616K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4300	−5.874%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4302	−5.819%	$405K	$2.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4300	−5.867%	$86K	$350K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4310	−5.657%	$55K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4306	−5.736%	—	$1.2M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4307	−5.714%	$448	$17K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4308	−5.692%	$106K	$444K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4305	−5.757%	$4.1M	$8.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4304	−5.784%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4305	−5.766%	$348K	$761K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4308	−5.692%	$37K	$13K	3x	as long as short
GMX ONDO/USD [ETH-USDC]short	L +0.0166% / S +0.0191%	1h	0.4308	−5.690%	$328K	—	100x
Deribit ONDO_USDC-PERPETUAL	+0.0215%	1h	0.4307	−5.714%	$21K	$354K	25x	as long as short
Phoenix ONDO	+0.0221%	1h	0.4302	−5.823%	$35K	$208K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4305	−5.757%	$212K	$558K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4301	−5.845%	$3.2M	$2.9M	75x	as long as short
Reya ONDORUSDPERP	+0.1168%	1h	0.4307	−5.707%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3738%	1h	0.4304	−5.782%	$246K	$160K	5x	as long as short