ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0458%/8h= −50.1% APRnext payment −$0.57 per $10,000 · paid last 24h +0.017%

Price spread now: Lighter against GMX+0.014%7-day average +0.115% · you sell dearer than you buy

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

Long on GMX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.253%−$25 on $10k

Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.014%, 7d avg +0.115%

Together, before fees−0.223%+ Points / potential airdropLighter: Season 3 · farm board−$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Lighter is 0.101% cheaper against GMX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.115%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ONDO/USD [ETH-USDC]	0.4341	L +0.0554% / S −0.0193%	pay 0.0069% / 1h	49m 56s	$483K	—	100x
Short	Lighter ONDO	0.4342	0.0096	get 0.0012% / 1h	49m 56s	$1.1M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GMXbpFee LighterbpOrdersPrice spread, now +0.014%Rate

Funding earned: −$96.17
Price spread: +0.014% → +0.115%: −$10.12
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$118.29
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Lighter: live order book, 2 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 GMX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 2 min ago	6.68 bp	7.9 bp −$8	24.3 bp −$243	doesn't fit	doesn't fit

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	−0.0241%	1h	0.4336	−0.117%	$2.6M	$7.9M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4341	−0.002%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.229%	$888	$216K	5.5x	as long as short
dYdX ONDO-USD	+0.0042%	1h	0.4340	−0.025%	$248K	$133K	5x	as long as short
01 Exchange ONDOUSD	+0.0048%	1h	0.4342	+0.018%	$357	$2K	10x	as long as short
Lighter ONDOshort	+0.0096%	1h	0.4342	+0.014%	$1.1M	$2.4M	10x
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4341	0.000%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4342	+0.029%	$352K	$875K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4339	−0.046%	$36.4M	$25.7M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4337	−0.087%	$62.5M	$234.5M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ONDOUSDT	+0.0100%	4h	0.4335	−0.138%	$67.5M	$124.9M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4337	−0.092%	$17.1M	$72.7M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4338	−0.074%	$72K	$82K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4341	+0.001%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4337	−0.092%	$12.1M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4336	−0.115%	$43.4M	$41.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4335	−0.138%	$12.1M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4337	−0.092%	$24.8M	$39.9M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4337	−0.092%	—	$23.6M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4339	−0.055%	$176K	$983K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4339	−0.052%	$683K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4337	−0.095%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4339	−0.046%	$400K	$1.2M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4336	−0.115%	$134K	$355K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4342	+0.014%	$68K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4342	+0.023%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4339	−0.046%	$451	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4348	+0.161%	$129K	$428K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4338	−0.069%	$4.2M	$8.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4341	+0.008%	$6K	—	10x	as long as short
Aster ONDOUSDT	+0.0102%	4h	0.4339	−0.043%	$777K	$2.6M	20x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4337	−0.102%	$389K	$792K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4344	+0.069%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0211%	1h	0.4343	+0.046%	$18K	$362K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4346	+0.115%	$218K	$767K	50x	as long as short
Phoenix ONDO	+0.0332%	1h	0.4346	+0.122%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4340	−0.023%	$3.1M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]long	L +0.0554% / S −0.0193%	1h	0.4341	long leg	$483K	—	100x
Reya ONDORUSDPERP	+0.1155%	1h	0.4341	+0.005%	$2K	—	20x	as long as short