ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0473%/8h= −51.8% APRnext payment −$0.59 per $10,000 · paid last 24h −0.130%

Price spread now: Nado against GMX+0.071%7-day average +0.001% · you sell dearer than you buy

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

Long on GMX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.449%−$45 on $10k

Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.071%, 7d avg +0.001%

Together, before fees−0.521%+ Points / potential airdropNado: Active · farm board−$52 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.070% dearer against GMX than usual: you sell high and buy low (spread +0.071% now, against its 7-day average of +0.001%): +$7 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ONDO/USD [ETH-USDC]	0.4330	L +0.0573% / S −0.0203%	pay 0.0072% / 1h	23m 15s	$495K	—	100x
Short	Nado ONDO-PERP	0.4334	0.0100	get 0.0012% / 1h	23m 15s	$348K	$893K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against GMX. 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 GMXbpFee NadobpOrdersPrice spread, now +0.071%Rate

Funding earned: −$99.29
Price spread: +0.071% → +0.001%: $6.99
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$111.3
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Nado: live order book, 20 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 Nado live order book, 20 min ago	1.96 bp	8.4 bp −$8	24.1 bp −$241	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	−0.0146%	1h	0.4331	+0.020%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4330	−0.001%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0004%	1h	0.4334	+0.089%	$243K	$141K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.486%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4336	+0.119%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERPshort	+0.0100%	1h	0.4334	+0.071%	$348K	$893K	10x
Aster ONDOUSDT	+0.0100%	4h	0.4332	+0.036%	$779K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4329	−0.022%	$62.5M	$235.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4328	−0.056%	$67.9M	$124.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4329	−0.033%	$17.3M	$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	0.4334	+0.092%	$71K	$81K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4330	−0.003%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4331	+0.013%	$12.5M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4329	−0.033%	$43.5M	$42.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4332	+0.036%	$12.0M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4328	−0.056%	$24.8M	$38.0M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4330	−0.010%	—	$23.3M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4333	+0.064%	$172K	$993K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4342	+0.261%	$667K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4327	−0.084%	$5K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4328	−0.055%	$406K	$1.4M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4328	−0.056%	$132K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4333	+0.050%	$61K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4331	+0.013%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4332	+0.036%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4333	+0.059%	$450	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4340	+0.221%	$129K	$401K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4328	−0.056%	$4.2M	$8.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4333	+0.066%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4333	+0.052%	$375K	$804K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4336	+0.140%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0143%	1h	0.4333	+0.055%	$36.4M	$27.1M	10x	as long as short
01 Exchange ONDOUSD	+0.0200%	1h	0.4333	+0.055%	$357	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0212%	1h	0.4333	+0.059%	$18K	$362K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4342	+0.267%	$215K	$728K	50x	as long as short
Phoenix ONDO	+0.0313%	1h	0.4336	+0.138%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4334	+0.082%	$3.1M	$3.2M	75x	as long as short
GMX ONDO/USD [ETH-USDC]long	L +0.0573% / S −0.0203%	1h	0.4330	long leg	$495K	—	100x
Reya ONDORUSDPERP	+0.1158%	1h	0.4331	+0.019%	$2K	—	20x	as long as short