ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0440%/8h= +48.1% APRnext payment +$0.55 per $10,000 · paid last 24h +0.047%

Price spread now: Deribit against gTrade (Gains Network)+0.300%67s7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Deribit

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 for this trade now. Funding pays +$13 a day on $10k at the current rate, and Deribit is 0.300% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$30 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 67 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	gTrade (Gains Network) ONDO/USD	0.4317	L +0.0003% / S −0.0011%	pay 0.0000% / 1h	27m 00s	$7K	—	150x
Short	Deribit ONDO_USDC-PERPETUAL	0.4330	0.0443	get 0.0055% / 1h	27m 00s	$18K	$362K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee DeribitbpOrdersPrice spread, now +0.300%Rate

Funding earned: $92.31
Price spread: +0.300% → 0.000%: $30
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $105.31
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; Deribit: live order book, 17 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Deribit live order book, 17 min ago	6.92 bp	10.4 bp −$10	doesn't fit	doesn't fit	doesn't fit

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	−0.0146%	1h	0.4326	+0.218%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USDlong	L +0.0003% / S −0.0011%	1h	0.4317	long leg	$7K	—	150x
dYdX ONDO-USD	+0.0004%	1h	0.4322	+0.121%	$243K	$141K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.813%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4331	+0.328%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4326	+0.219%	$347K	$894K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4330	+0.297%	$776K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4330	+0.300%	$62.6M	$235.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4327	+0.230%	$67.7M	$124.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4330	+0.300%	$17.2M	$72.5M	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	0.4306	−0.254%	$71K	$81K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4328	+0.251%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4327	+0.230%	$12.4M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4330	+0.300%	$43.3M	$42.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4327	+0.230%	$11.9M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4327	+0.230%	$24.8M	$38.2M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4328	+0.254%	—	$23.3M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4328	+0.258%	$172K	$993K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4313	−0.100%	$665K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4321	+0.086%	$5K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4315	−0.045%	$408K	$1.4M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4322	+0.115%	$132K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4330	+0.293%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4326	+0.207%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4329	+0.277%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4329	+0.277%	$450	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4335	+0.416%	$128K	$401K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4326	+0.207%	$4.2M	$8.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4326	+0.208%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4328	+0.253%	$391K	$786K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4331	+0.330%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0121%	1h	0.4332	+0.344%	$36.3M	$27.2M	10x	as long as short
01 Exchange ONDOUSD	+0.0176%	1h	0.4330	+0.293%	$356	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4327	+0.230%	$214K	$725K	50x	as long as short
Phoenix ONDO	+0.0313%	1h	0.4318	+0.029%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4326	+0.207%	$3.1M	$3.2M	75x	as long as short
Deribit ONDO_USDC-PERPETUALshort	+0.0443%	1h	0.4330	+0.300%	$18K	$362K	25x
GMX ONDO/USD [ETH-USDC]	L +0.0573% / S −0.0203%	1h	0.4327	+0.220%	$495K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1158%	1h	0.4318	+0.028%	$2K	—	20x	as long as short