Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.021%

Price spread now: Aevo against GRVT+0.011%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ONDO_USDT_Perp	0.4536	0.0100	pay 0.0050% / 4h	2h 34m	$418K	$936K	10x
Short	Aevo ONDO-PERP	0.4536	0.0104	get 0.0013% / 1h	34m 46s	$36K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against GRVT. 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 GRVTbpFee AevobpOrdersPrice spread, now +0.011%Rate

Funding earned: $0.84
Price spread: +0.011% → 0.000%: $1.12
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$23.04
Costs to cover: 0.250%
Break-even: 199.0 days

Slippage unknown: GRVT: live order book, 53 min ago; Aevo: no order-book sample. Net counts fees only.

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 GRVT live order book, 53 min ago	3.33 bp	14.6 bp −$15	42.3 bp −$423	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1122%	1h	0.4535	−0.031%	$3.0M	$7.7M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4536	0.000%	$29K	$354K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4533	−0.076%	$6K	—	150x	as long as short
Phoenix ONDO	+0.0018%	1h	0.4521	−0.335%	$29K	$222K	10x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4522	−0.308%	$1K	$132K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4533	−0.066%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4533	−0.066%	$426K	$677K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4534	−0.038%	$760K	$2.0M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4531	−0.112%	$66.6M	$219.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4528	−0.176%	$73.5M	$117.8M	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	0.4528	−0.176%	$17.7M	$80.0M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4531	−0.114%	$72K	$85K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4533	−0.069%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4530	−0.132%	$11.8M	$18.7M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4531	−0.110%	$47.7M	$45.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4532	−0.088%	$13.8M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4528	−0.176%	$25.5M	$41.1M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4533	−0.066%	—	$22.7M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4537	+0.033%	$196K	$970K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4528	−0.169%	$791K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4518	−0.396%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perplong	+0.0100%	4h	0.4536	long leg	$418K	$936K	10x
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4536	0.000%	$160K	$330K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4534	−0.035%	$80K	$1.0M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4534	−0.044%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4534	−0.044%	$471	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4543	+0.155%	$126K	$512K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4535	−0.022%	$4.8M	$6.2M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4526	−0.210%	$6K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4531	−0.105%	$403K	$990K	25x	as long as short
Aevo ONDO-PERPshort	+0.0104%	1h	0.4536	+0.011%	$36K	—	3x
Hyperliquid ONDO	+0.0168%	1h	0.4533	−0.070%	$40.8M	$27.5M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4534	−0.044%	$305K	$841K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4538	+0.044%	$3.2M	$3.0M	75x	as long as short
01 Exchange ONDOUSD	+0.0424%	1h	0.4538	+0.035%	$373	$2K	10x	as long as short
Lighter ONDO	+0.0512%	1h	0.4542	+0.139%	$1.4M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0619% / S −0.0203%	1h	0.4533	−0.062%	$564K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1138%	1h	0.4534	−0.048%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.9845%	1h	0.4524	−0.267%	$256K	$123K	5x	as long as short