Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%

Price spread now: GRVT against Aster+0.227%7-day average −0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$440.436% of the position

Long on Aster Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 3 days (all we have)−0.069%−$7 · spread now +0.227%, 7d avg −0.054%

Together, before fees−0.091%+ Points / potential airdropAster: Stage 5 · GRVT: Active · farm board−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.281% dearer against Aster than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of −0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ONDOUSDT	0.4518	0.0100	pay 0.0050% / 4h	2h 15m	$760K	$2.0M	20x
Short	GRVT ONDO_USDT_Perp	0.4528	0.0100	get 0.0050% / 4h	2h 15m	$428K	$948K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Aster. 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 AsterbpFee GRVTbpOrdersPrice spread, now +0.227%Rate

Funding earned: $0
Price spread: +0.227% → −0.054%: $28.14
Slippage, 4 orders: −$26.55
Fee Aster: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$15.42
Costs to cover: 0.436%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; GRVT: live order book, 8 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 Aster live order book, 3 min ago	2.20 bp	9.8 bp −$10	46.5 bp −$465	doesn't fit	doesn't fit
Sell GRVT live order book, 8 min ago	3.31 bp	14.2 bp −$14	36.6 bp −$366	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	−0.1127%	1h	0.4511	−0.155%	$2.8M	$8.0M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4518	+0.005%	$19K	$364K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4515	−0.051%	$6K	—	150x	as long as short
Phoenix ONDO	+0.0018%	1h	0.4528	+0.235%	$30K	$222K	10x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4522	+0.094%	$1K	$132K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4515	−0.061%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4519	+0.027%	$422K	$680K	10x	as long as short
Aster ONDOUSDTlong	+0.0100%	4h	0.4518	long leg	$760K	$2.0M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4518	+0.012%	$66.6M	$220.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4517	−0.017%	$73.3M	$118.1M	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	0.4517	−0.017%	$17.7M	$80.0M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4528	+0.224%	$72K	$85K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4519	+0.022%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4517	−0.017%	$11.8M	$18.8M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4517	−0.017%	$47.4M	$45.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4516	−0.039%	$13.5M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4518	+0.005%	$25.6M	$41.3M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4517	−0.017%	—	$22.6M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4520	+0.038%	$193K	$971K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4521	+0.078%	$794K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4532	+0.326%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perpshort	+0.0100%	4h	0.4528	+0.227%	$428K	$948K	10x
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4533	+0.337%	$160K	$332K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4517	−0.010%	$102K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4519	+0.027%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4516	−0.039%	$469	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4525	+0.160%	$130K	$520K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4517	−0.017%	$4.8M	$6.3M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4519	+0.019%	$6K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4515	−0.052%	$403K	$979K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4518	+0.009%	$36K	—	3x	as long as short
Hyperliquid ONDO	+0.0279%	1h	0.4523	+0.127%	$40.4M	$27.8M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4539	+0.470%	$305K	$842K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4519	+0.027%	$3.2M	$3.0M	75x	as long as short
01 Exchange ONDOUSD	+0.0400%	1h	0.4521	+0.065%	$372	$2K	10x	as long as short
Lighter ONDO	+0.0552%	1h	0.4525	+0.162%	$1.4M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0616% / S −0.0203%	1h	0.4515	−0.057%	$561K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1139%	1h	0.4515	−0.062%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.9237%	1h	0.4519	+0.021%	$256K	$128K	5x	as long as short