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: HTX against GRVT+0.654%7-day average +0.140% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$690.689% of the position

Long on GRVT Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 3 days (all we have)−0.849%−$85 · spread now +0.654%, 7d avg +0.140%

Together, before fees−0.820%+ Points / potential airdropGRVT: Active · farm board−$82 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: HTX is 0.514% dearer against GRVT than usual: you sell high and buy low, +$51 on $10k if it goes back to its 7-day average of +0.140%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ONDO_USDT_Perp	0.4458	0.0100	pay 0.0050% / 4h	3h 18m	$412K	$868K	10x
Short	HTX ONDO-USDT	0.4487	0.0100	get 0.0050% / 4h	3h 18m	$123K	$513K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.654%Rate

Funding earned: $0
Price spread: +0.654% → +0.140%: $51.45
Slippage, 4 orders: −$47.91
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$17.46
Costs to cover: 0.689%
Break-even: never at this rate

Slippage from GRVT: live order book, 9 min ago; HTX: 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, 9 min ago	3.33 bp	14.6 bp −$15	42.3 bp −$423	doesn't fit	doesn't fit
Sell HTX live order book, 10 min ago	14.42 bp	20.4 bp −$20	doesn't fit	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	−0.0947%	1h	0.4473	+0.334%	$2.9M	$7.4M	50x	as long as short
Bybit ONDOUSDT	−0.0020%	4h	0.4476	+0.407%	$71.5M	$115.1M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4478	+0.452%	$20K	$344K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4481	+0.531%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4416	−0.938%	$994	$82K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4476	+0.407%	$24K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4479	+0.469%	$433K	$665K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4480	+0.495%	$760K	$1.9M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4479	+0.466%	$66.4M	$220.7M	75x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4478	+0.452%	$17.5M	$79.2M	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	0.4475	+0.383%	$72K	$84K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4479	+0.470%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4475	+0.385%	$11.7M	$18.7M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4480	+0.497%	$48.5M	$45.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4479	+0.475%	$13.9M	$10.3M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4478	+0.452%	$25.4M	$41.1M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4474	+0.363%	—	$747K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4479	+0.477%	$225K	$944K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4470	+0.263%	$788K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4459	+0.022%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perplong	+0.0100%	4h	0.4458	long leg	$412K	$868K	10x
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4457	−0.019%	$157K	$328K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4480	+0.506%	$69K	$1.0M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4478	+0.452%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4476	+0.407%	$465	$14K	10x	as long as short
HTX ONDO-USDTshort	+0.0100%	4h	0.4487	+0.654%	$123K	$513K	50x
Phemex ONDOUSDT	+0.0100%	4h	0.4477	+0.430%	$4.9M	$6.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4473	+0.349%	$6K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4473	+0.338%	$402K	$1.0M	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4479	+0.464%	$35K	—	3x	as long as short
Phoenix ONDO	+0.0144%	1h	0.4480	+0.497%	$29K	$222K	10x	as long as short
01 Exchange ONDOUSD	+0.0272%	1h	0.4483	+0.556%	$369	$2K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4474	+0.363%	$3.2M	$3.1M	75x	as long as short
Hyperliquid ONDO	+0.0377%	1h	0.4485	+0.604%	$40.6M	$27.7M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0472%	1h	0.4489	+0.699%	$311K	$814K	50x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0611% / S −0.0203%	1h	0.4477	+0.422%	$556K	—	100x	as long as short
Lighter ONDO	+0.0656%	1h	0.4482	+0.547%	$1.3M	$2.2M	10x	as long as short
Reya ONDORUSDPERP	+0.1137%	1h	0.4479	+0.475%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.8856%	1h	0.4475	+0.385%	$253K	$117K	5x	as long as short