Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: edgeX against GRVT−0.033%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$380.380% of the position

Long on GRVT Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.033%, 7d avg +0.015%

Together, before fees−0.046%+ Points / potential airdropGRVT: Active · edgeX: Active · farm board−$5 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: edgeX is 0.048% cheaper against GRVT than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ONDO_USDT_Perp	0.4314	0.0100	pay 0.0050% / 4h	3h 22m	$400K	$1.7M	10x
Short	edgeX ONDOUSDC	0.4313	0.0100	get 0.0050% / 4h	3h 22m	$5K	$316K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → +0.015%: −$4.81
Slippage, 4 orders: −$19.95
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$42.77
Costs to cover: 0.380%
Break-even: never at this rate

Slippage from GRVT: live order book, 1 min ago; edgeX: live order book, 11 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, 1 min ago	3.45 bp	9.6 bp −$10	21.5 bp −$215	doesn't fit	doesn't fit
Sell edgeX live order book, 11 min ago	4.63 bp	9.1 bp −$9	15.9 bp −$159	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	−0.0176%	1h	0.4350	+0.832%	$2.5M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4346	+0.742%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.888%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4356	+0.969%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4353	+0.904%	$343K	$889K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4354	+0.927%	$765K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4353	+0.904%	$63.5M	$232.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4348	+0.788%	$68.0M	$121.7M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4351	+0.858%	$17.4M	$71.5M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4309	−0.118%	$71K	$79K	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	0.4354	+0.935%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4353	+0.904%	$13.4M	$15.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4353	+0.904%	$43.7M	$42.2M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4351	+0.858%	$12.2M	$10.3M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4351	+0.858%	$25.2M	$36.3M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4354	+0.927%	—	$779K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4351	+0.855%	$181K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4300	−0.332%	$676K	$1.8M	—	as long as short
edgeX ONDOUSDCshort	+0.0100%	4h	0.4313	−0.033%	$5K	$316K	20x
GRVT ONDO_USDT_Perplong	+0.0100%	4h	0.4314	long leg	$400K	$1.7M	10x
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4310	−0.093%	$133K	$339K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4351	+0.851%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4348	+0.788%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4351	+0.858%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4351	+0.858%	$2K	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4357	+0.997%	$129K	$368K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4349	+0.811%	$4.3M	$9.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4354	+0.924%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4354	+0.936%	$361K	$824K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4352	+0.878%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0210%	1h	0.4351	+0.858%	$28K	$360K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4340	+0.603%	$214K	$717K	50x	as long as short
01 Exchange ONDOUSD	+0.0272%	1h	0.4356	+0.964%	$358	$2K	10x	as long as short
Phoenix ONDO	+0.0277%	1h	0.4330	+0.369%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4348	+0.788%	$3.2M	$3.2M	75x	as long as short
Hyperliquid ONDO	+0.0479%	1h	0.4355	+0.955%	$36.5M	$27.6M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0583% / S −0.0208%	1h	0.4348	+0.793%	$503K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1163%	1h	0.4352	+0.876%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3436%	1h	0.4351	+0.850%	$249K	$159K	5x	as long as short