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: Aster against GRVT−0.187%80s7-day average +0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$450.446% of the position

Long on GRVT Short on Aster

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)+0.145%+$15 · spread now −0.187%, 7d avg +0.053%

Together, before fees+0.167%+ Points / potential airdropGRVT: Active · Aster: Stage 5 · farm board+$17 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: Aster is 0.240% cheaper against GRVT than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +0.053%. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ONDO_USDT_Perp	0.4613	0.0100	pay 0.0050% / 4h	3h 20m	$433K	$970K	10x
Short	Aster ONDOUSDT	0.4604	0.0100	get 0.0050% / 4h	3h 20m	$731K	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.187%Rate

Funding earned: $0
Price spread: −0.187% → +0.053%: −$24
Slippage, 4 orders: −$27.6
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$68.6
Costs to cover: 0.446%
Break-even: never at this rate

Slippage from GRVT: live order book, 53 min ago; Aster: live order book, 3 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 GRVT live order book, 53 min ago	3.28 bp	14.1 bp −$14	24.3 bp −$243	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	1.08 bp	8.2 bp −$8	31.3 bp −$313	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	−0.0867%	1h	0.4605	−0.173%	$2.8M	$7.9M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4602	−0.234%	$260K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4603	−0.208%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−0.976%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4605	−0.173%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4603	−0.211%	$432K	$710K	10x	as long as short
Aster ONDOUSDTshort	+0.0100%	4h	0.4604	−0.187%	$731K	$2.1M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4606	−0.152%	$69.0M	$222.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4604	−0.195%	$74.3M	$119.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4603	−0.217%	$17.7M	$78.4M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4617	+0.089%	$73K	$92K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4604	−0.189%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4604	−0.195%	$12.1M	$16.7M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4606	−0.152%	$49.8M	$41.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4605	−0.173%	$14.3M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4606	−0.152%	$26.1M	$38.9M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4606	−0.152%	—	$744K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4609	−0.093%	$231K	$999K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4605	−0.179%	$817K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4609	−0.095%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perplong	+0.0100%	4h	0.4613	long leg	$433K	$970K	10x
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4607	−0.130%	$172K	$349K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4608	−0.111%	$73K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4605	−0.173%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4606	−0.152%	$479	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4616	+0.065%	$135K	$492K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4606	−0.152%	$4.5M	$7.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4600	−0.288%	$7K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4605	−0.174%	$417K	$826K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4618	+0.118%	$40K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0184%	1h	0.4606	−0.152%	$34K	$347K	25x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4610	−0.067%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0256%	1h	0.4609	−0.089%	$379	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4617	+0.087%	$299K	$821K	50x	as long as short
Hyperliquid ONDO	+0.0323%	1h	0.4613	−0.009%	$41.0M	$25.0M	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4603	−0.217%	$3.3M	$3.0M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0592% / S −0.0188%	1h	0.4605	−0.183%	$550K	—	100x	as long as short
Lighter ONDO	+0.0616%	1h	0.4615	+0.048%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1145%	1h	0.4604	−0.200%	$2K	—	20x	as long as short