ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.092%

Price spread now: GRVT against BloFin+0.115%7-day average −0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$610.609% of the position

Long on BloFin Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.428%−$43 on $10k

Price spread, last 3 days (all we have)−0.161%−$16 · spread now +0.115%, 7d avg −0.068%

Together, before fees−0.589%+ Points / potential airdropGRVT: Active · farm board−$59 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.183% dearer against BloFin than usual: you sell high and buy low (spread +0.115% now, against its 7-day average of −0.068%): +$18 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ONDO-USDT	0.4563	0.0340	pay 0.0170% / 4h	1h 09m	$3.3M	$3.1M	75x
Short	GRVT ONDO_USDT_Perp	0.4568	0.0100	get 0.0050% / 4h	1h 09m	$421K	$947K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against BloFin. 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 BloFinbpFee GRVTbpOrdersPrice spread, now +0.115%Rate

Funding earned: −$50.4
Price spread: +0.115% → −0.068%: $18.29
Slippage, 4 orders: −$39.86
Fee BloFin: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$92.97
Costs to cover: 0.609%
Break-even: never at this rate

Slippage from BloFin: 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 BloFin live order book, 3 min ago	6.57 bp	12.6 bp −$13	13.8 bp −$138	42.0 bp −$4,196	doesn't fit
Sell GRVT live order book, 8 min ago	7.60 bp	18.8 bp −$19	39.7 bp −$397	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	−0.0353%	1h	0.4559	−0.079%	$2.8M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4560	−0.063%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4560	−0.066%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4557	−0.121%	$431K	$705K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4563	−0.006%	$728K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4561	−0.041%	$67.7M	$226.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4561	−0.044%	$73.9M	$122.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4562	−0.022%	$17.8M	$81.5M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4588	+0.550%	$74K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4558	−0.109%	—	—	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ONDO_USDT	+0.0100%	4h	0.4558	−0.110%	$12.0M	$18.7M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4560	−0.066%	$49.1M	$44.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4558	−0.110%	$13.7M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4560	−0.066%	$25.9M	$41.5M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4560	−0.066%	—	$22.3M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4560	−0.068%	$786K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4568	+0.113%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perpshort	+0.0100%	4h	0.4568	+0.115%	$421K	$947K	10x
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4565	+0.044%	$163K	$317K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4561	−0.037%	$68K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4558	−0.110%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4560	−0.066%	$474	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4565	+0.044%	$133K	$505K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4560	−0.066%	$4.7M	$6.5M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4557	−0.121%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4559	−0.092%	$409K	$855K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4565	+0.033%	$44K	$8K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0142%	1h	0.4562	−0.031%	$230K	$1.0M	15x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4586	+0.500%	$38K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4568	+0.110%	$888	$216K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0189%	1h	0.4561	−0.044%	$31K	$432K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4595	+0.701%	$301K	$862K	50x	as long as short
BloFin ONDO-USDTlong	+0.0340%	4h	0.4563	long leg	$3.3M	$3.1M	75x
Hyperliquid ONDO	+0.0381%	1h	0.4564	+0.028%	$40.5M	$27.2M	10x	as long as short
01 Exchange ONDOUSD	+0.0400%	1h	0.4561	−0.037%	$375	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0586% / S −0.0187%	1h	0.4559	−0.085%	$543K	—	100x	as long as short
Lighter ONDO	+0.0704%	1h	0.4569	+0.134%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1141%	1h	0.4558	−0.118%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.5221%	1h	0.4560	−0.057%	$258K	$129K	5x	as long as short