Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%

Price spread now: GRVT against Bitget−0.134%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$440.435% of the position

Long on Bitget Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 3 days (all we have)+0.208%+$21 · spread now −0.134%, 7d avg +0.002%

Together, before fees+0.251%+ Points / potential airdropGRVT: Active · farm board+$25 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 0.136% cheaper against Bitget than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ONDOUSDT	0.4460	0.0100	pay 0.0050% / 4h	2h 55m	$25.2M	$39.4M	50x
Short	GRVT ONDO_USDT_Perp	0.4454	0.0100	get 0.0050% / 4h	2h 55m	$419K	$965K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Bitget. 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 BitgetbpFee GRVTbpOrdersPrice spread, now −0.134%Rate

Funding earned: $0
Price spread: −0.134% → +0.002%: −$13.61
Slippage, 4 orders: −$22.51
Fee Bitget: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$57.13
Costs to cover: 0.435%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; GRVT: live order book, 13 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 Bitget live order book, 3 min ago	3.36 bp	12.5 bp −$12	21.9 bp −$219	doesn't fit	doesn't fit
Sell GRVT live order book, 13 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
ApeX Omni ONDOUSDT	−0.1599%	1h	0.4475	+0.336%	$167K	$332K	50x	as long as short
Kraken Futures PF_ONDOUSD	−0.0359%	1h	0.4453	−0.154%	$2.7M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4456	−0.084%	$252K	$131K	5x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4456	−0.090%	$33K	$339K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0007%	1h	0.4457	−0.058%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+2.422%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4458	−0.045%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4456	−0.090%	$408K	$777K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4461	+0.013%	$39.5M	$25.3M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4461	+0.032%	$706K	$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	0.4461	+0.012%	$65.8M	$226.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4461	+0.022%	$71.6M	$121.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4461	+0.022%	$17.1M	$76.1M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4457	−0.067%	$73K	$92K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4458	−0.043%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4458	−0.045%	$11.7M	$15.7M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4458	−0.045%	$45.5M	$41.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4457	−0.067%	$13.5M	$10.9M	50x	as long as short
Bitget ONDOUSDTlong	+0.0100%	4h	0.4460	long leg	$25.2M	$39.4M	50x
BingX ONDO-USDC	+0.0100%	4h	0.4460	0.000%	—	$755K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4455	−0.114%	$224K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4454	−0.139%	$789K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4475	+0.329%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perpshort	+0.0100%	4h	0.4454	−0.134%	$419K	$965K	10x
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4461	+0.013%	$116K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4458	−0.045%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4456	−0.090%	$463	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4463	+0.067%	$130K	$499K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4464	+0.080%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4459	−0.012%	$402K	$816K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4459	−0.017%	$39K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0216%	1h	0.4457	−0.067%	$367	$2K	10x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4508	+1.072%	$37K	$231K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4466	+0.135%	$290K	$800K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4453	−0.157%	$3.2M	$3.0M	75x	as long as short
Lighter ONDO	+0.0528%	1h	0.4464	+0.094%	$1.4M	$2.1M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0582% / S −0.0186%	1h	0.4458	−0.053%	$532K	—	100x	as long as short
Phemex ONDOUSDT	+0.0857%	4h	0.4454	−0.135%	$4.3M	$7.2M	50x	as long as short
Reya ONDORUSDPERP	+0.1146%	1h	0.4460	−0.011%	$2K	—	20x	as long as short