Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.054%

Price spread now: 01 Exchange against GRVT−0.602%56s7-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 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 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 pays, the price is against you. 01 Exchange is 0.602% cheaper against GRVT than usual: you would sell low and buy high (spread −0.602% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$60 on $10k: about 15 days of funding at the current rate (+$4 a day). The two prices were read 56 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	0.4389	0.0100	pay 0.0050% / 4h	48m 12s	$405K	$1.0M	10x
Short	01 Exchange ONDOUSD	0.4363	0.0232	get 0.0029% / 1h	48m 12s	$359	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.602%Rate

Funding earned: $27.72
Price spread: −0.602% → 0.000%: −$60.22
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$48.5
Costs to cover: 0.160%
Break-even: 19.2 days

Slippage unknown: GRVT: live order book, 5 min ago; 01 Exchange: 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	3.42 bp	11.2 bp −$11	34.0 bp −$340	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4360	−0.663%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4360	−0.664%	$2.6M	$8.0M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.078%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4360	−0.661%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4362	−0.616%	$369K	$843K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4370	−0.440%	$37.5M	$24.5M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4364	−0.569%	$62.9M	$228.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4363	−0.593%	$69.0M	$124.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4365	−0.548%	$16.8M	$72.0M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4344	−1.028%	$72K	$84K	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	0.4360	−0.650%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4361	−0.639%	$11.5M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4363	−0.593%	$45.7M	$41.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4363	−0.593%	$12.7M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4366	−0.525%	$24.9M	$39.7M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4363	−0.593%	—	$762K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4366	−0.522%	$187K	$981K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4365	−0.554%	$707K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4390	+0.016%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perplong	+0.0100%	4h	0.4389	long leg	$405K	$1.0M	10x
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4366	−0.525%	$134K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4361	−0.634%	$67K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4362	−0.616%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4361	−0.639%	$453	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4370	−0.434%	$127K	$477K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4363	−0.593%	$4.2M	$7.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4358	−0.713%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4360	−0.671%	$395K	$793K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4361	−0.627%	$38K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0199%	4h	0.4362	−0.627%	$732K	$2.4M	20x	as long as short
01 Exchange ONDOUSDshort	+0.0232%	1h	0.4363	−0.602%	$359	$2K	10x
Lighter ONDO	+0.0256%	1h	0.4368	−0.481%	$1.1M	$2.4M	10x	as long as short
dYdX ONDO-USD	+0.0259%	1h	0.4352	−0.843%	$246K	$129K	5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4394	+0.113%	$276K	$719K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4352	−0.844%	$3.1M	$2.9M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4354	−0.807%	$35K	$223K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0549% / S −0.0190%	1h	0.4360	−0.669%	$481K	—	100x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0667%	1h	0.4364	−0.570%	$23K	$346K	25x	as long as short
Reya ONDORUSDPERP	+0.1151%	1h	0.4359	−0.674%	$2K	—	20x	as long as short