ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against GRVT−0.232%7-day average +0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs+$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$400.398% of the position

Long on GRVT Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.408%+$41 on $10k

Price spread, last 4 days (all we have)+0.278%+$28 · spread now −0.232%, 7d avg +0.053%

Together, before fees+0.686%+ Points / potential airdropGRVT: Active · farm board+$69 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.286% cheaper against GRVT than usual: you would sell low and buy high (spread −0.232% now, against its 7-day average of +0.053%). If the spread goes back, that is −$29 on $10k: about 4.0 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ONDO_USDT_Perp	0.4349	0.0100	pay 0.0050% / 4h	3h 09m	$406K	$1.2M	10x
Short	BloFin ONDO-USDT	0.4339	0.0340	get 0.0170% / 4h	3h 09m	$3.1M	$3.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.232%Rate

Funding earned: $50.4
Price spread: −0.232% → +0.053%: −$28.56
Slippage, 4 orders: −$18.82
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$17.98
Costs to cover: 0.398%
Break-even: 9.5 days

Slippage from GRVT: live order book, 3 min ago; BloFin: 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, 3 min ago	3.45 bp	8.0 bp −$8	31.9 bp −$319	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	2.30 bp	8.3 bp −$8	13.1 bp −$131	33.9 bp −$3,391	100.0 bp −$50.0K

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	−0.0162%	1h	0.4328	−0.477%	$2.6M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4330	−0.450%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.033%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4334	−0.343%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4330	−0.439%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4335	−0.336%	$358K	$858K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4332	−0.403%	$62.5M	$232.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4329	−0.462%	$67.3M	$124.9M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4332	−0.393%	$17.0M	$72.2M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4331	−0.423%	$72K	$83K	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	0.4334	−0.358%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4331	−0.416%	$12.0M	$16.4M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4332	−0.393%	$42.4M	$42.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4332	−0.393%	$12.6M	$10.4M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4332	−0.393%	$24.8M	$39.8M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4332	−0.393%	—	$23.6M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4331	−0.405%	$179K	$979K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4330	−0.446%	$681K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4348	−0.031%	$4K	$315K	20x	as long as short
GRVT ONDO_USDT_Perplong	+0.0100%	4h	0.4349	long leg	$406K	$1.2M	10x
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4346	−0.071%	$134K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4330	−0.432%	$65K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4331	−0.416%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4331	−0.416%	$450	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4341	−0.186%	$128K	$431K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4333	−0.370%	$4.2M	$8.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4334	−0.354%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4331	−0.426%	$390K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4330	−0.428%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0126%	1h	0.4330	−0.428%	$36.6M	$25.2M	10x	as long as short
Aster ONDOUSDT	+0.0141%	4h	0.4334	−0.356%	$783K	$2.6M	20x	as long as short
01 Exchange ONDOUSD	+0.0168%	1h	0.4334	−0.340%	$357	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0212%	1h	0.4331	−0.416%	$18K	$362K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4327	−0.508%	$217K	$763K	50x	as long as short
Phoenix ONDO	+0.0327%	1h	0.4356	+0.154%	$35K	$218K	10x	as long as short
BloFin ONDO-USDTshort	+0.0340%	4h	0.4339	−0.232%	$3.1M	$3.0M	75x
GMX ONDO/USD [ETH-USDC]	L +0.0554% / S −0.0193%	1h	0.4330	−0.450%	$482K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1154%	1h	0.4330	−0.430%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1229%	1h	0.4335	−0.319%	$245K	$129K	5x	as long as short