Funding you earn now, next payment 01:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.025%
Price spread now: GMX against Variational Omni−0.160%7-day average +0.013% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.103%+$10 on $10k
+Price spread, last 3 days (all we have)+0.287%+$29 · spread now −0.160%, 7d avg +0.013%
=Together, before fees+0.390%+ Points / potential airdropVariational Omni: Active · farm board+$39 on $10k · with fees, hour by hour
Funding pays, the price is against you. GMX is 0.173% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.160% now, against its 7-day average of +0.013%). If the spread goes back, that is −$17 on $10k: about 6.6 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ONDO | 0.4569 | 0.0100 | pay 0.0050% / 4h | 3h 55m | $812K | $2.0M | — |
| Short | GMX ONDO/USD [ETH-USDC] | 0.4562 | L +0.0588% / S −0.0188% | get 0.0023% / 1h | 55m 45s | $545K | — | 100x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $18.38
- Price spread: −0.160% → +0.013%
- −$17.35
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$10.96
- Costs to cover
- 0.120%
- Break-even
- 11.2 days
Slippage unknown: Variational Omni: RFQ quote, 3 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 Variational Omni RFQ quote, 3 min ago | 4.37 bp | doesn't fit | 10.9 bp −$109 | 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 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 | −0.0875% | 1h | 0.4563 | −0.130% | $2.8M | $8.0M | 50x | as long as short |
| Gate ONDO_USDT | −0.0398% | 4h | 0.4559 | −0.216% | $12.0M | $16.5M | 50x | as long as short |
| dYdX ONDO-USD | 0.0000% | 1h | 0.4555 | −0.312% | $258K | $132K | 5x | as long as short |
| Deribit ONDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4564 | −0.107% | $33K | $364K | 25x | as long as short |
| gTrade (Gains Network) ONDO/USD | L +0.0003% / S −0.0008% | 1h | 0.4562 | −0.146% | $6K | — | 150x | as long as short |
| Injective ONDO/USDC PERP | +0.0033% | 1h | 0.4568 | −0.019% | $888 | $216K | 5.5x | as long as short |
| Orderly PERP_ONDO_USDC | +0.0098% | 4h | 0.4563 | −0.129% | $25K | $6K | 10x | as long as short |
| Nado ONDO-PERP | +0.0100% | 1h | 0.4563 | −0.118% | $440K | $706K | 10x | as long as short |
| Hyperliquid ONDO | +0.0100% | 1h | 0.4562 | −0.155% | $40.4M | $26.3M | 10x | as long as short |
| Aster ONDOUSDT | +0.0100% | 4h | 0.4564 | −0.101% | $722K | $2.1M | 20x | as long as short |
Show all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ONDOUSDT | +0.0100% | 4h | 0.4554 | −0.330% | $68.1M | $226.2M | 75x | as long as short |
| Bybit ONDOUSDT | +0.0100% | 4h | 0.4551 | −0.391% | $73.7M | $120.6M | 50x | as long as short |
| OKX ONDO-USDT-SWAP | +0.0100% | 4h | 0.4550 | −0.413% | $17.7M | $79.6M | 50x | as long as short |
| Ondo Perps ONDO-USD.P | +0.0100% | 1h | 0.4564 | −0.100% | $75K | $89K | 10x | as long as short |
| RISEx ONDO/USDC | +0.0100% | 1h | 0.4565 | −0.088% | — | — | 5x | as long as short |
| MEXC ONDO_USDT | +0.0100% | 4h | 0.4552 | −0.370% | $48.8M | $41.2M | 200x | as long as short |
| KuCoin ONDOUSDTM | +0.0100% | 4h | 0.4560 | −0.194% | $14.1M | $11.0M | 50x | as long as short |
| Bitget ONDOUSDT | +0.0100% | 4h | 0.4550 | −0.413% | $25.7M | $40.2M | 50x | as long as short |
| BingX ONDO-USDC | +0.0100% | 4h | 0.4563 | −0.129% | — | $741K | — | as long as short |
| Backpack ONDO_USDC_PERP | +0.0100% | 1h | 0.4565 | −0.078% | $228K | $1.0M | 15x | as long as short |
| Variational Omni ONDOlong | +0.0100% | 4h | 0.4569 | long leg | $812K | $2.0M | — | |
| edgeX ONDOUSDC | +0.0100% | 4h | 0.4578 | +0.197% | $5K | $318K | 20x | as long as short |
| GRVT ONDO_USDT_Perp | +0.0100% | 4h | 0.4581 | +0.264% | $423K | $949K | 10x | as long as short |
| ApeX Omni ONDOUSDT | +0.0100% | 1h | 0.4577 | +0.178% | $174K | $311K | 50x | as long as short |
| Polymarket Perps ONDO-USD | +0.0100% | 1h | 0.4565 | −0.089% | $69K | $1.1M | 10x | as long as short |
| SunX ONDO-USDT | +0.0100% | 4h | 0.4567 | −0.041% | — | $1.4M | 20x | as long as short |
| SoDEX ONDO-USD | +0.0100% | 1h | 0.4564 | −0.107% | $474 | $14K | 10x | as long as short |
| HTX ONDO-USDT | +0.0100% | 4h | 0.4572 | +0.068% | $134K | $502K | 50x | as long as short |
| Phemex ONDOUSDT | +0.0100% | 4h | 0.4565 | −0.085% | $4.6M | $7.0M | 50x | as long as short |
| Paradex ONDO-USD-PERP | +0.0100% | 8h | 0.4549 | −0.445% | $7K | $9 | 10x | as long as short |
| Extended ONDO-USD | +0.0104% | 1h | 0.4563 | −0.137% | $409K | $843K | 25x | as long as short |
| Aevo ONDO-PERP | +0.0104% | 1h | 0.4566 | −0.071% | $40K | $13K | 3x | as long as short |
| 01 Exchange ONDOUSD | +0.0176% | 1h | 0.4565 | −0.092% | $376 | $2K | 10x | as long as short |
| Phoenix ONDO | +0.0244% | 1h | 0.4585 | +0.351% | $38K | $248K | 10x | as long as short |
| Coinbase International ONDO-PERP-INTX | +0.0280% | 1h | 0.4581 | +0.265% | $297K | $833K | 50x | as long as short |
| BloFin ONDO-USDT | +0.0340% | 4h | 0.4570 | +0.024% | $3.3M | $3.3M | 75x | as long as short |
| Lighter ONDO | +0.0400% | 1h | 0.4563 | −0.122% | $1.5M | $2.2M | 10x | as long as short |
| GMX ONDO/USD [ETH-USDC]short | L +0.0588% / S −0.0188% | 1h | 0.4562 | −0.160% | $545K | — | 100x | |
| Reya ONDORUSDPERP | +0.1144% | 1h | 0.4561 | −0.165% | $2K | — | 20x | as long as short |
Variational Omni ONDO
GMX ONDO/USD [ETH-USDC]
Kraken Futures PF_ONDOUSD
Gate ONDO_USDT
Deribit ONDO_USDC-PERPETUAL
gTrade (Gains Network) ONDO/USD
Injective ONDO/USDC PERP
Hyperliquid ONDO
Aster ONDOUSDT
Binance ONDOUSDT
Bybit ONDOUSDT
OKX ONDO-USDT-SWAP
RISEx ONDO/USDC
MEXC ONDO_USDT
KuCoin ONDOUSDTM
Bitget ONDOUSDT
BingX ONDO-USDC
Backpack ONDO_USDC_PERP
edgeX ONDOUSDC
GRVT ONDO_USDT_Perp
ApeX Omni ONDOUSDT
Polymarket Perps ONDO-USD
SunX ONDO-USDT
SoDEX ONDO-USD
HTX ONDO-USDT
Phemex ONDOUSDT
Paradex ONDO-USD-PERP
Extended ONDO-USD
01 Exchange ONDOUSD
Phoenix ONDO
Coinbase International ONDO-PERP-INTX
BloFin ONDO-USDT
Lighter ONDO