Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Ondo Perps against GRVT−0.444%53s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · Ondo Perps: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.444% cheaper against GRVT than usual: you would sell low and buy high, −$44 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

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 07m	$406K	$1.2M	10x
Short	Ondo Perps ONDO-USD.P	0.4330	0.0100	get 0.0013% / 1h	7m 56s	$72K	$83K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.444%Rate

Funding earned: $0
Price spread: −0.444% → 0.000%: −$44.37
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$58.37
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 5 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 5 min ago	3.45 bp	8.0 bp −$8	31.9 bp −$319	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.4327	−0.514%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4330	−0.440%	$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	0.4332	−0.384%	$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	0.4333	−0.382%	$357K	$862K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4328	−0.480%	$36.5M	$25.3M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4329	−0.455%	$62.4M	$232.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4328	−0.485%	$67.3M	$124.9M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4330	−0.439%	$17.0M	$72.3M	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.Pshort	+0.0100%	1h	0.4330	−0.444%	$72K	$83K	10x
RISEx ONDO/USDC	+0.0100%	1h	0.4331	−0.422%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4328	−0.485%	$12.0M	$16.4M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4331	−0.416%	$42.4M	$42.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4329	−0.462%	$12.5M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4329	−0.462%	$24.8M	$39.8M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4327	−0.508%	—	$761K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4328	−0.480%	$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	0.4329	−0.453%	$65K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4332	−0.393%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4330	−0.439%	$450	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4340	−0.209%	$128K	$431K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4330	−0.439%	$4.2M	$8.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4332	−0.395%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4330	−0.442%	$390K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4333	−0.382%	$38K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0134%	4h	0.4329	−0.451%	$775K	$2.6M	20x	as long as short
01 Exchange ONDOUSD	+0.0160%	1h	0.4331	−0.418%	$356	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4335	−0.324%	$218K	$765K	50x	as long as short
Phoenix ONDO	+0.0327%	1h	0.4339	−0.244%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4330	−0.439%	$3.1M	$3.0M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0443%	1h	0.4333	−0.370%	$18K	$362K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0553% / S −0.0193%	1h	0.4330	−0.449%	$481K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1154%	1h	0.4330	−0.429%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1310%	1h	0.4331	−0.423%	$248K	$133K	5x	as long as short