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: KuCoin against GRVT+0.308%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$610.608% of the position

Long on GRVT Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 3 days (all we have)−0.464%−$46 · spread now +0.308%, 7d avg +0.026%

Together, before fees−0.441%+ Points / potential airdropGRVT: Active · farm board−$44 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: KuCoin is 0.282% dearer against GRVT than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ONDO_USDT_Perp	0.4540	0.0100	pay 0.0050% / 4h	1h 29m	$426K	$938K	10x
Short	KuCoin ONDOUSDTM	0.4554	0.0100	get 0.0050% / 4h	1h 29m	$13.7M	$10.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.308%Rate

Funding earned: $0
Price spread: +0.308% → +0.026%: $28.23
Slippage, 4 orders: −$39.84
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$32.61
Costs to cover: 0.608%
Break-even: never at this rate

Slippage from GRVT: live order book, 54 min ago; KuCoin: live order book, 4 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, 54 min ago	3.31 bp	10.9 bp −$11	24.7 bp −$247	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	2.20 bp	12.4 bp −$12	24.1 bp −$241	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	−0.0353%	1h	0.4557	+0.364%	$2.8M	$7.9M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4556	+0.356%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4555	+0.330%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4556	+0.352%	$430K	$699K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4557	+0.375%	$730K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4558	+0.396%	$67.3M	$225.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4556	+0.352%	$74.2M	$120.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4557	+0.374%	$17.7M	$81.3M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4538	−0.051%	$74K	$85K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4553	+0.285%	—	—	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ONDO_USDT	+0.0100%	4h	0.4554	+0.308%	$11.8M	$18.3M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4556	+0.352%	$47.9M	$44.4M	200x	as long as short
KuCoin ONDOUSDTMshort	+0.0100%	4h	0.4554	+0.308%	$13.7M	$10.9M	50x
Bitget ONDOUSDT	+0.0100%	4h	0.4558	+0.396%	$25.8M	$41.8M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4557	+0.374%	—	$744K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4547	+0.154%	$229K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4539	−0.024%	$776K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4555	+0.338%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perplong	+0.0100%	4h	0.4540	long leg	$426K	$938K	10x
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4553	+0.286%	$161K	$334K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4558	+0.388%	$72K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4555	+0.330%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4558	+0.396%	$474	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4564	+0.529%	$133K	$511K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4555	+0.330%	$4.7M	$6.5M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4551	+0.235%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4557	+0.367%	$407K	$861K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4560	+0.441%	$44K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4555	+0.319%	$29K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4568	+0.617%	$888	$216K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0189%	1h	0.4558	+0.396%	$26K	$396K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4564	+0.529%	$300K	$864K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4556	+0.352%	$3.3M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0392%	1h	0.4558	+0.403%	$375	$2K	10x	as long as short
Hyperliquid ONDO	+0.0429%	1h	0.4561	+0.456%	$40.8M	$27.6M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0586% / S −0.0187%	1h	0.4555	+0.339%	$543K	—	100x	as long as short
Lighter ONDO	+0.0632%	1h	0.4565	+0.548%	$1.4M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1141%	1h	0.4557	+0.383%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.2719%	1h	0.4547	+0.164%	$257K	$129K	5x	as long as short