Funding arb · Price arb /

ONDO

all ONDO markets

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: Binance against GRVT+0.035%69s7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as 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−$430.429% of the position

Long on GRVT Short on Binance

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)−0.469%−$47 · spread now +0.035%, 7d avg +0.004%

Together, before fees−0.507%+ Points / potential airdropGRVT: Active · farm board−$51 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: Binance is 0.031% dearer against GRVT than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.004%. The two prices were read 69 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	0.4504	0.0100	pay 0.0050% / 4h	2h 48m	$417K	$938K	10x
Short	Binance ONDOUSDT	0.4506	0.0100	get 0.0050% / 4h	2h 48m	$66.3M	$220.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → +0.004%: $3.14
Slippage, 4 orders: −$23.87
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$39.73
Costs to cover: 0.429%
Break-even: never at this rate

Slippage from GRVT: live order book, 39 min ago; Binance: live order book, 10 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, 39 min ago	3.33 bp	14.6 bp −$15	42.3 bp −$423	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	1.10 bp	7.5 bp −$8	15.0 bp −$150	53.7 bp −$5,369	396.6 bp −$198.3K

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	−0.1129%	1h	0.4504	+0.002%	$3.0M	$7.7M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4504	−0.003%	$29K	$354K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4506	+0.038%	$6K	—	150x	as long as short
Phoenix ONDO	+0.0018%	1h	0.4501	−0.063%	$29K	$222K	10x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4416	−1.957%	$994	$82K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4505	+0.019%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4506	+0.047%	$429K	$672K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4509	+0.099%	$40.6M	$27.4M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4506	+0.044%	$752K	$2.0M	20x	as long as short
Binance ONDOUSDTshort	+0.0100%	4h	0.4506	+0.035%	$66.3M	$220.1M	75x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ONDOUSDT	+0.0100%	4h	0.4504	−0.003%	$72.5M	$117.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4504	−0.003%	$17.6M	$79.5M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4509	+0.104%	$72K	$86K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4504	−0.008%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4504	−0.003%	$11.8M	$18.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4505	+0.019%	$47.5M	$45.2M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4504	−0.003%	$13.9M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4505	+0.019%	$25.4M	$41.1M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4504	−0.003%	—	$23.0M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4503	−0.030%	$194K	$974K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4504	−0.014%	$798K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4513	+0.193%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perplong	+0.0100%	4h	0.4504	long leg	$417K	$938K	10x
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4506	+0.041%	$159K	$330K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4506	+0.044%	$80K	$1.0M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4501	−0.070%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4502	−0.047%	$468	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4511	+0.152%	$125K	$511K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4500	−0.092%	$4.8M	$6.2M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4504	−0.003%	$6K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4505	+0.022%	$402K	$987K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4507	+0.057%	$35K	—	3x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4520	+0.352%	$304K	$839K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4503	−0.025%	$3.2M	$3.0M	75x	as long as short
Lighter ONDO	+0.0360%	1h	0.4514	+0.212%	$1.4M	$2.2M	10x	as long as short
01 Exchange ONDOUSD	+0.0520%	1h	0.4507	+0.070%	$371	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0615% / S −0.0203%	1h	0.4505	+0.020%	$560K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1138%	1h	0.4505	+0.015%	$2K	—	20x	as long as short
dYdX ONDO-USD	+1.0511%	1h	0.4507	+0.064%	$255K	$117K	5x	as long as short