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: Bitget against GRVT−0.044%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$580.584% of the position

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 3 days (all we have)−0.143%−$14 · spread now −0.044%, 7d avg +0.001%

Together, before fees−0.186%+ Points / potential airdropGRVT: Active · farm board−$19 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: Bitget is 0.045% cheaper against GRVT than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ONDO_USDT_Perp	0.4588	0.0100	pay 0.0050% / 4h	58m 59s	$423K	$947K	10x
Short	Bitget ONDOUSDT	0.4586	0.0100	get 0.0050% / 4h	58m 59s	$26.0M	$41.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.044%Rate

Funding earned: $0
Price spread: −0.044% → +0.001%: −$4.46
Slippage, 4 orders: −$37.36
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$62.82
Costs to cover: 0.584%
Break-even: never at this rate

Slippage from GRVT: live order book, 19 min ago; Bitget: live order book, 5 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, 19 min ago	7.60 bp	16.9 bp −$17	36.1 bp −$361	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	1.09 bp	9.1 bp −$9	21.0 bp −$210	87.3 bp −$8,727	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	−0.0796%	1h	0.4584	−0.091%	$2.8M	$7.9M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	−0.436%	$888	$216K	5.5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4583	−0.109%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4584	−0.087%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4583	−0.114%	$431K	$707K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4588	−0.005%	$726K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4586	−0.052%	$68.3M	$227.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4584	−0.087%	$74.3M	$122.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4583	−0.109%	$17.9M	$81.7M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4585	−0.061%	$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	0.4579	−0.194%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4583	−0.109%	$12.1M	$17.9M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4586	−0.044%	$49.5M	$43.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4584	−0.087%	$13.8M	$11.0M	50x	as long as short
Bitget ONDOUSDTshort	+0.0100%	4h	0.4586	−0.044%	$26.0M	$41.6M	50x
BingX ONDO-USDC	+0.0100%	4h	0.4585	−0.065%	—	$744K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4576	−0.264%	$790K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4587	−0.029%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perplong	+0.0100%	4h	0.4588	long leg	$423K	$947K	10x
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4589	+0.022%	$164K	$307K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4585	−0.068%	$69K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4583	−0.109%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4587	−0.022%	$477	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4592	+0.087%	$134K	$505K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4586	−0.044%	$4.8M	$6.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4579	−0.193%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4586	−0.047%	$409K	$855K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4577	−0.249%	$44K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4591	+0.068%	$38K	$217K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0186%	1h	0.4587	−0.022%	$36K	$436K	25x	as long as short
Hyperliquid ONDO	+0.0239%	1h	0.4589	+0.024%	$40.7M	$26.9M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0261%	1h	0.4587	−0.020%	$231K	$1.0M	15x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4588	0.000%	$301K	$861K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4590	+0.044%	$3.3M	$3.2M	75x	as long as short
01 Exchange ONDOUSD	+0.0456%	1h	0.4585	−0.057%	$377	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0589% / S −0.0188%	1h	0.4583	−0.116%	$547K	—	100x	as long as short
Lighter ONDO	+0.0784%	1h	0.4595	+0.146%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1142%	1h	0.4583	−0.107%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.6030%	1h	0.4580	−0.167%	$259K	$129K	5x	as long as short