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 edgeX+0.079%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$530.534% of the position

Long on edgeX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 3 days (all we have)−0.038%−$4 · spread now +0.079%, 7d avg −0.003%

Together, before fees0.000%+ Points / potential airdropedgeX: Active · GRVT: Active · farm board$0 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 0.082% dearer against edgeX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ONDOUSDC	0.4584	0.0100	pay 0.0050% / 4h	56m 20s	$5K	$317K	20x
Short	GRVT ONDO_USDT_Perp	0.4588	0.0100	get 0.0050% / 4h	56m 20s	$423K	$947K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against edgeX. 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 edgeXbpFee GRVTbpOrdersPrice spread, now +0.079%Rate

Funding earned: $0
Price spread: +0.079% → −0.003%: $8.25
Slippage, 4 orders: −$35.41
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$45.16
Costs to cover: 0.534%
Break-even: never at this rate

Slippage from edgeX: live order book, 22 min ago; GRVT: live order book, 22 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 edgeX live order book, 22 min ago	4.34 bp	8.8 bp −$9	15.0 bp −$150	doesn't fit	doesn't fit
Sell GRVT live order book, 22 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	−0.0794%	1h	0.4591	+0.146%	$2.8M	$7.9M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	−0.357%	$888	$216K	5.5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4601	+0.367%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4603	+0.407%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4600	+0.341%	$433K	$706K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4602	+0.385%	$727K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4605	+0.445%	$68.6M	$227.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4603	+0.407%	$74.6M	$122.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4602	+0.385%	$18.0M	$81.9M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4591	+0.149%	$75K	$89K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4599	+0.311%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4600	+0.341%	$12.1M	$17.9M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4603	+0.407%	$49.8M	$43.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4601	+0.363%	$13.9M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4605	+0.450%	$26.1M	$41.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4602	+0.385%	—	$22.2M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4576	−0.185%	$790K	$2.0M	—	as long as short
edgeX ONDOUSDClong	+0.0100%	4h	0.4584	long leg	$5K	$317K	20x
GRVT ONDO_USDT_Perpshort	+0.0100%	4h	0.4588	+0.079%	$423K	$947K	10x
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4581	−0.073%	$174K	$312K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4604	+0.422%	$69K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4591	+0.145%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4593	+0.188%	$477	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4600	+0.341%	$134K	$505K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4593	+0.188%	$4.8M	$6.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4600	+0.351%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4601	+0.354%	$411K	$851K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4602	+0.393%	$45K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4593	+0.182%	$38K	$257K	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0267%	1h	0.4596	+0.256%	$232K	$1.0M	15x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4588	+0.079%	$301K	$859K	50x	as long as short
Hyperliquid ONDO	+0.0327%	1h	0.4607	+0.498%	$40.9M	$27.0M	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4593	+0.188%	$3.3M	$3.2M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0403%	1h	0.4595	+0.232%	$37K	$436K	25x	as long as short
01 Exchange ONDOUSD	+0.0464%	1h	0.4607	+0.496%	$379	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0590% / S −0.0188%	1h	0.4601	+0.359%	$549K	—	100x	as long as short
Lighter ONDO	+0.1024%	1h	0.4611	+0.590%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1142%	1h	0.4603	+0.403%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.6609%	1h	0.4599	+0.321%	$260K	$129K	5x	as long as short