ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0103%/8h= +11.3% APRnext payment +$0.13 per $10,000 · paid last 24h +0.025%

Price spread now: GMX against Polymarket Perps+0.028%7-day average −0.068% · you sell dearer than you buy

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

Long on Polymarket Perps Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.072%+$7 on $10k

Price spread, last 3 days (all we have)−0.093%−$9 · spread now +0.028%, 7d avg −0.068%

Together, before fees−0.021%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GMX is 0.095% dearer against Polymarket Perps than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ONDO-USD	0.4505	0.0100	pay 0.0013% / 1h	32m 39s	$72K	$997K	10x
Short	GMX ONDO/USD [ETH-USDC]	0.4506	L +0.0612% / S −0.0203%	get 0.0025% / 1h	32m 39s	$559K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Polymarket Perps. 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 Polymarket PerpsbpFee GMXbpOrdersPrice spread, now +0.028%Rate

Funding earned: $21.72
Price spread: +0.028% → −0.068%: $9.54
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $11.26
Costs to cover: 0.200%
Break-even: 3.4 days

Slippage unknown: Polymarket Perps: live order book, 16 min ago; 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 Polymarket Perps live order book, 16 min ago	3.37 bp	7.6 bp −$8	8.5 bp −$85	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	−0.0942%	1h	0.4501	−0.091%	$2.9M	$7.3M	50x	as long as short
Phemex ONDOUSDT	−0.0382%	4h	0.4507	+0.049%	$5.0M	$6.0M	50x	as long as short
Bybit ONDOUSDT	−0.0098%	4h	0.4508	+0.071%	$71.6M	$113.0M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4505	+0.004%	$20K	$344K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4506	+0.020%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4416	−1.971%	$994	$82K	5.5x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4510	+0.124%	$6K	$9	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4503	−0.029%	$456K	$638K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4511	+0.143%	$67.1M	$217.6M	75x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4509	+0.093%	$17.7M	$78.9M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4488	−0.373%	$74K	$83K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4513	+0.184%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4509	+0.093%	$11.9M	$18.5M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4511	+0.138%	$52.3M	$44.2M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4512	+0.160%	$13.9M	$10.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4512	+0.160%	$25.7M	$40.6M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4511	+0.138%	—	$747K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4514	+0.206%	$224K	$940K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4492	−0.294%	$780K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4489	−0.342%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4487	−0.395%	$423K	$856K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4506	+0.027%	$159K	$326K	50x	as long as short
Polymarket Perps ONDO-USDlong	+0.0100%	1h	0.4505	long leg	$72K	$997K	10x
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4503	−0.040%	$25K	$8K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4504	−0.018%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4504	−0.018%	$468	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4513	+0.182%	$124K	$512K	50x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4509	+0.101%	$404K	$995K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4505	−0.007%	$35K	—	3x	as long as short
Aster ONDOUSDT	+0.0118%	4h	0.4516	+0.243%	$758K	$1.9M	20x	as long as short
Phoenix ONDO	+0.0144%	1h	0.4504	−0.024%	$29K	$222K	10x	as long as short
01 Exchange ONDOUSD	+0.0296%	1h	0.4514	+0.213%	$372	$2K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4508	+0.071%	$3.2M	$3.1M	75x	as long as short
Hyperliquid ONDO	+0.0458%	1h	0.4518	+0.284%	$41.0M	$26.5M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0472%	1h	0.4509	+0.093%	$317K	$803K	50x	as long as short
GMX ONDO/USD [ETH-USDC]short	L +0.0612% / S −0.0203%	1h	0.4506	+0.028%	$559K	—	100x
Lighter ONDO	+0.0768%	1h	0.4518	+0.286%	$1.2M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1136%	1h	0.4503	−0.040%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.7147%	1h	0.4513	+0.172%	$255K	$117K	5x	as long as short