ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0552%/8h= +60.5% APRnext payment +$0.69 per $10,000 · paid last 24h −0.081%

Price spread now: GMX against Kraken Futures−0.027%7-day average −0.073% · you buy dearer than you sell

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

Long on Kraken Futures Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.211%−$21 on $10k

Price spread, last 3 days (all we have)−0.014%−$1 · spread now −0.027%, 7d avg −0.073%

Together, before fees−0.225%−$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and GMX is 0.047% dearer against Kraken Futures than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.073%. Mind the row above: over the last 3 days funding on this pair cost −0.211%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ONDOUSD	0.4402	−0.0363	get 0.0045% / 1h	17m 15s	$2.6M	$8.1M	50x
Short	GMX ONDO/USD [ETH-USDC]	0.4401	L +0.0550% / S −0.0190%	get 0.0024% / 1h	17m 15s	$485K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Kraken Futures. 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 Kraken FuturesbpFee GMXbpOrdersPrice spread, now −0.027%Rate

Funding earned: $115.98
Price spread: −0.027% → −0.073%: $4.66
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $98.65
Costs to cover: 0.220%
Break-even: 1.0 days

Slippage unknown: Kraken Futures: live order book, 2 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 Kraken Futures live order book, 2 min ago	2.27 bp	13.4 bp −$13	23.3 bp −$233	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 38 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_ONDOUSDlong	−0.0363%	1h	0.4402	long leg	$2.6M	$8.1M	50x
dYdX ONDO-USD	0.0000%	1h	0.4404	+0.035%	$249K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4400	−0.044%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.772%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4402	+0.001%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4400	−0.033%	$385K	$861K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4403	+0.024%	$672K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4403	+0.024%	$63.9M	$231.3M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4402	+0.001%	$69.7M	$125.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4404	+0.047%	$17.0M	$75.4M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4413	+0.242%	$72K	$88K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4399	−0.073%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4401	−0.021%	$11.6M	$16.5M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4403	+0.024%	$46.3M	$43.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4400	−0.044%	$13.1M	$11.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4403	+0.024%	$25.0M	$40.4M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4403	+0.024%	—	$760K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4416	+0.312%	$769K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4408	+0.127%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4412	+0.239%	$419K	$976K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4405	+0.069%	$135K	$366K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4402	+0.013%	$93K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4404	+0.047%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4404	+0.047%	$458	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4409	+0.160%	$129K	$506K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4404	+0.055%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4403	+0.021%	$398K	$823K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4405	+0.069%	$38K	$13K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0142%	1h	0.4402	−0.008%	$201K	$1.0M	15x	as long as short
Hyperliquid ONDO	+0.0273%	1h	0.4404	+0.042%	$38.8M	$25.7M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4422	+0.456%	$284K	$744K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4425	+0.528%	$35K	$231K	10x	as long as short
01 Exchange ONDOUSD	+0.0352%	1h	0.4402	−0.003%	$362	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0432%	1h	0.4403	+0.024%	$23K	$349K	25x	as long as short
Phemex ONDOUSDT	+0.0451%	4h	0.4403	+0.024%	$4.2M	$7.4M	50x	as long as short
GMX ONDO/USD [ETH-USDC]short	L +0.0550% / S −0.0190%	1h	0.4401	−0.027%	$485K	—	100x
Lighter ONDO	+0.0776%	1h	0.4410	+0.190%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1148%	1h	0.4401	−0.018%	$2K	—	20x	as long as short