ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against Variational Omni−0.358%51s7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on gTrade (Gains Network)

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.358% cheaper against Variational Omni than usual: you would sell low and buy high (−$36 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 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	Variational Omni ONDO	0.4446	0.0100	pay 0.0050% / 4h	2h 42m	$791K	$1.8M	—
Short	gTrade (Gains Network) ONDO/USD	0.4430	L +0.0003% / S −0.0007%	get 0.0001% / 1h	42m 38s	$7K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Variational Omni. 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 Variational OmnibpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.358%Rate

Funding earned: −$19.52
Price spread: −0.358% → 0.000%: −$35.81
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$65.33
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; gTrade (Gains Network): 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 Variational Omni RFQ quote, 1 min ago	4.51 bp	doesn't fit	13.5 bp −$135	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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	−0.0361%	1h	0.4429	−0.383%	$2.6M	$8.1M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4421	−0.551%	$250K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USDshort	L +0.0003% / S −0.0007%	1h	0.4430	−0.358%	$7K	—	150x
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+2.748%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4427	−0.423%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4419	−0.603%	$399K	$829K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4423	−0.511%	$681K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4423	−0.521%	$65.0M	$229.3M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4419	−0.603%	$71.0M	$123.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4421	−0.558%	$17.0M	$76.2M	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	0.4450	+0.103%	$73K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4421	−0.568%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4420	−0.581%	$11.6M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4424	−0.491%	$44.2M	$42.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4423	−0.513%	$13.4M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4422	−0.536%	$25.0M	$40.1M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4422	−0.536%	—	$22.3M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4424	−0.482%	$198K	$1.0M	15x	as long as short
Variational Omni ONDOlong	+0.0100%	4h	0.4446	long leg	$791K	$1.8M	—
edgeX ONDOUSDC	+0.0100%	4h	0.4458	+0.275%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4437	−0.198%	$409K	$962K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4459	+0.297%	$165K	$356K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4435	−0.250%	$77K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4433	−0.288%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4431	−0.333%	$461	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4441	−0.108%	$130K	$500K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4424	−0.496%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4421	−0.548%	$400K	$816K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4431	−0.332%	$38K	$13K	3x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0185% / S +0.0187%	1h	0.4430	−0.350%	$511K	—	100x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0202%	1h	0.4429	−0.378%	$23K	$349K	25x	as long as short
Hyperliquid ONDO	+0.0262%	1h	0.4428	−0.398%	$39.1M	$25.5M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4453	+0.162%	$289K	$797K	50x	as long as short
01 Exchange ONDOUSD	+0.0336%	1h	0.4425	−0.459%	$364	$2K	10x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4452	+0.139%	$36K	$231K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4471	+0.567%	$3.2M	$3.0M	75x	as long as short
Phemex ONDOUSDT	+0.0664%	4h	0.4431	−0.333%	$4.2M	$7.3M	50x	as long as short
Lighter ONDO	+0.0728%	1h	0.4429	−0.385%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1147%	1h	0.4433	−0.282%	$2K	—	20x	as long as short