Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: GRVT against Aevo+0.049%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.049% dearer against Aevo than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ONDO-PERP	0.4323	0.0104	pay 0.0013% / 1h	39m 02s	$37K	$13K	3x
Short	GRVT ONDO_USDT_Perp	0.4325	0.0100	get 0.0050% / 4h	1h 39m	$401K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Aevo. 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 AevobpFee GRVTbpOrdersPrice spread, now +0.049%Rate

Funding earned: −$0.84
Price spread: +0.049% → 0.000%: $4.89
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$20.95
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; GRVT: live order book, 4 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 Aevo no order-book sample	—	—	—	—	—
Sell GRVT live order book, 4 min ago	3.47 bp	11.8 bp −$12	21.3 bp −$213	doesn't fit	doesn't fit

Aevo: 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	0.4321	−0.035%	$2.5M	$7.8M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4318	−0.110%	$242K	$136K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4319	−0.088%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.671%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4326	+0.070%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4319	−0.101%	$346K	$898K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4323	+0.003%	$773K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4323	−0.002%	$62.7M	$238.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4321	−0.043%	$67.3M	$125.6M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4321	−0.043%	$17.1M	$73.2M	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	0.4319	−0.096%	$71K	$82K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4319	−0.082%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4320	−0.066%	$12.4M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4323	+0.003%	$42.9M	$42.5M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4321	−0.043%	$11.9M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4321	−0.043%	$24.7M	$39.6M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4322	−0.020%	—	$768K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4322	−0.022%	$171K	$998K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4324	+0.020%	$643K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4328	+0.116%	$4K	$315K	20x	as long as short
GRVT ONDO_USDT_Perpshort	+0.0100%	4h	0.4325	+0.049%	$401K	$1.4M	10x
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4330	+0.165%	$132K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4324	+0.031%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4320	−0.066%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4323	+0.003%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4322	−0.020%	$449	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4329	+0.142%	$128K	$427K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4324	+0.026%	$4.2M	$8.5M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4318	−0.104%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4321	−0.045%	$391K	$792K	25x	as long as short
Aevo ONDO-PERPlong	+0.0104%	1h	0.4323	long leg	$37K	$13K	3x
01 Exchange ONDOUSD	+0.0168%	1h	0.4322	−0.022%	$356	$2K	10x	as long as short
Hyperliquid ONDO	+0.0188%	1h	0.4324	+0.028%	$36.3M	$27.1M	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0213%	1h	0.4323	+0.003%	$18K	$362K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4321	−0.043%	$214K	$725K	50x	as long as short
Phoenix ONDO	+0.0313%	1h	0.4334	+0.260%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4323	+0.003%	$3.2M	$3.2M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0561% / S −0.0197%	1h	0.4322	−0.030%	$486K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1158%	1h	0.4322	−0.026%	$2K	—	20x	as long as short