Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.020%

Price spread now: SoDEX against GRVT−0.415%7-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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropGRVT: 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: SoDEX is 0.415% cheaper against GRVT than usual: you would sell low and buy high, −$42 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ONDO_USDT_Perp	0.4590	0.0100	pay 0.0050% / 4h	48m 55s	$434K	$960K	10x
Short	SoDEX ONDO-USD	0.4571	0.0100	get 0.0013% / 1h	48m 55s	$475	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.415%Rate

Funding earned: $0
Price spread: −0.415% → 0.000%: −$41.53
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$58.53
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 29 min ago; SoDEX: 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, 29 min ago	7.60 bp	16.9 bp −$17	36.1 bp −$361	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	−0.0798%	1h	0.4573	−0.377%	$2.9M	$8.0M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	−0.481%	$888	$216K	5.5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4572	−0.389%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4571	−0.415%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4575	−0.328%	$431K	$706K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4575	−0.330%	$725K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4574	−0.350%	$68.4M	$227.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4572	−0.393%	$74.2M	$122.7M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4571	−0.415%	$17.8M	$81.3M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4597	+0.149%	$75K	$89K	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	0.4571	−0.414%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4572	−0.393%	$12.0M	$18.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4574	−0.350%	$49.4M	$43.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4574	−0.350%	$13.8M	$11.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4573	−0.372%	$25.9M	$41.4M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4573	−0.372%	—	$22.3M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4587	−0.068%	$789K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4590	−0.005%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perplong	+0.0100%	4h	0.4590	long leg	$434K	$960K	10x
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4588	−0.045%	$174K	$312K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4575	−0.337%	$69K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4574	−0.350%	—	$1.4M	20x	as long as short
SoDEX ONDO-USDshort	+0.0100%	1h	0.4571	−0.415%	$475	$14K	10x
HTX ONDO-USDT	+0.0100%	4h	0.4582	−0.176%	$133K	$503K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4573	−0.372%	$4.7M	$6.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4572	−0.394%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4574	−0.357%	$409K	$846K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4575	−0.339%	$44K	$8K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0188%	1h	0.4571	−0.415%	$36K	$436K	25x	as long as short
Backpack ONDO_USDC_PERP	+0.0205%	1h	0.4574	−0.352%	$231K	$1.0M	15x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4578	−0.252%	$38K	$257K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4599	+0.195%	$302K	$859K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4576	−0.306%	$3.3M	$3.2M	75x	as long as short
Hyperliquid ONDO	+0.0366%	1h	0.4577	−0.288%	$40.6M	$26.8M	10x	as long as short
01 Exchange ONDOUSD	+0.0496%	1h	0.4577	−0.295%	$377	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0587% / S −0.0188%	1h	0.4572	−0.403%	$546K	—	100x	as long as short
Lighter ONDO	+0.1032%	1h	0.4583	−0.149%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1142%	1h	0.4573	−0.364%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.6770%	1h	0.4574	−0.359%	$259K	$129K	5x	as long as short