Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0232%/8h= +25.4% APRpaid last 24h −0.020%

Price spread now: GRVT against ApeX Omni+0.090%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$390.393% of the position

Long on ApeX Omni Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 3 days (all we have)−0.071%−$7 · spread now +0.090%, 7d avg −0.032%

Together, before fees−0.092%+ Points / potential airdropGRVT: Active · farm board−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and GRVT is 0.122% dearer against ApeX Omni than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.032%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.021% in total (about -1.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ONDOUSDT	0.4463	−0.0132	get 0.0016% / 1h	49m 56s	$165K	$356K	50x
Short	GRVT ONDO_USDT_Perp	0.4467	0.0100	get 0.0050% / 4h	2h 49m	$420K	$965K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against ApeX 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 ApeX OmnibpFee GRVTbpOrdersPrice spread, now +0.090%Rate

Funding earned: $48.64
Price spread: +0.090% → −0.032%: $12.18
Slippage, 4 orders: −$20.26
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $21.55
Costs to cover: 0.393%
Break-even: 3.9 days

Slippage from ApeX Omni: live order book, 17 min ago; GRVT: live order book, 18 min ago.

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 ApeX Omni live order book, 17 min ago	3.27 bp	10.7 bp −$11	26.2 bp −$262	doesn't fit	doesn't fit
Sell GRVT live order book, 18 min ago	3.26 bp	10.8 bp −$11	43.5 bp −$435	doesn't fit	doesn't fit

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	−0.0357%	1h	0.4477	+0.321%	$2.7M	$8.0M	50x	as long as short
ApeX Omni ONDOUSDTlong	−0.0132%	1h	0.4463	long leg	$165K	$356K	50x
dYdX ONDO-USD	0.0000%	1h	0.4468	+0.118%	$253K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0007%	1h	0.4472	+0.206%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+2.353%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4474	+0.246%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4478	+0.336%	$408K	$779K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4477	+0.314%	$693K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4474	+0.246%	$65.9M	$227.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4474	+0.246%	$72.1M	$122.3M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4475	+0.269%	$17.2M	$76.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4464	+0.027%	$73K	$92K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4475	+0.260%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4471	+0.179%	$11.7M	$15.9M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4474	+0.246%	$46.0M	$41.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4473	+0.224%	$13.5M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4475	+0.269%	$25.3M	$39.8M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4473	+0.224%	—	$755K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4468	+0.108%	$791K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4457	−0.139%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perpshort	+0.0100%	4h	0.4467	+0.090%	$420K	$965K	10x
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4478	+0.336%	$111K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4473	+0.224%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4479	+0.359%	$466	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4487	+0.538%	$131K	$499K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4475	+0.259%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4474	+0.251%	$402K	$816K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4479	+0.352%	$39K	$13K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0106%	1h	0.4476	+0.280%	$203K	$1.0M	15x	as long as short
Hyperliquid ONDO	+0.0174%	1h	0.4478	+0.327%	$39.6M	$25.3M	10x	as long as short
01 Exchange ONDOUSD	+0.0304%	1h	0.4481	+0.401%	$369	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4472	+0.202%	$291K	$802K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4470	+0.146%	$36K	$231K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4470	+0.157%	$3.2M	$3.0M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0420%	1h	0.4479	+0.359%	$33K	$339K	25x	as long as short
Lighter ONDO	+0.0568%	1h	0.4479	+0.361%	$1.4M	$2.1M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0582% / S −0.0186%	1h	0.4472	+0.207%	$534K	—	100x	as long as short
Phemex ONDOUSDT	+0.0679%	4h	0.4477	+0.314%	$4.3M	$7.2M	50x	as long as short
Reya ONDORUSDPERP	+0.1146%	1h	0.4474	+0.241%	$2K	—	20x	as long as short