ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0473%/8h= −51.8% APRnext payment −$0.59 per $10,000 · paid last 24h −0.137%

Price spread now: SoDEX against GMX+0.025%7-day average — · you sell dearer than you buy

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

Long on GMX Short on SoDEX

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

The price spread pays, funding is against you. SoDEX is 0.025% dearer against GMX than usual: you sell high and buy low (spread +0.025% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ONDO/USD [ETH-USDC]	0.4317	L +0.0573% / S −0.0203%	pay 0.0072% / 1h	10m 41s	$493K	—	100x
Short	SoDEX ONDO-USD	0.4318	0.0100	get 0.0013% / 1h	10m 41s	$2K	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$99.27
Price spread: +0.025% → 0.000%: $2.55
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$116.72
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; SoDEX: 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 GMX no order-book sample	—	—	—	—	—
Sell SoDEX no order-book sample	—	—	—	—	—

GMX and SoDEX: 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	−0.0176%	1h	0.4316	−0.016%	$2.5M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4315	−0.053%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.817%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4324	+0.169%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4316	−0.009%	$345K	$886K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4321	+0.103%	$764K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4321	+0.105%	$62.9M	$233.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4321	+0.095%	$68.1M	$122.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4324	+0.164%	$17.3M	$71.7M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4324	+0.153%	$71K	$80K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4315	−0.054%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4316	−0.021%	$13.0M	$15.9M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4321	+0.095%	$44.0M	$42.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4320	+0.072%	$12.1M	$10.4M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4323	+0.141%	$24.7M	$36.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4318	+0.025%	—	$23.0M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4320	+0.069%	$175K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4316	−0.022%	$678K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4314	−0.078%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4320	+0.071%	$403K	$1.6M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4319	+0.049%	$132K	$339K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4317	+0.002%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4315	−0.044%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4315	−0.044%	—	$1.4M	20x	as long as short
SoDEX ONDO-USDshort	+0.0100%	1h	0.4318	+0.025%	$2K	$15K	10x
HTX ONDO-USDT	+0.0100%	4h	0.4330	+0.303%	$128K	$369K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4319	+0.049%	$4.2M	$8.9M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4319	+0.047%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4318	+0.025%	$357K	$817K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4319	+0.037%	$37K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0256%	1h	0.4316	−0.016%	$355	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4318	+0.025%	$213K	$731K	50x	as long as short
Phoenix ONDO	+0.0315%	1h	0.4325	+0.190%	$35K	$221K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4318	+0.025%	$3.1M	$3.1M	75x	as long as short
Hyperliquid ONDO	+0.0388%	1h	0.4324	+0.153%	$36.5M	$27.3M	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0445%	1h	0.4319	+0.049%	$18K	$351K	25x	as long as short
GMX ONDO/USD [ETH-USDC]long	L +0.0573% / S −0.0203%	1h	0.4317	long leg	$493K	—	100x
Reya ONDORUSDPERP	+0.1161%	1h	0.4316	−0.012%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1711%	1h	0.4318	+0.036%	$242K	$155K	5x	as long as short