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: GRVT against HTX+0.411%77s7-day average −0.140% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

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

Long on HTX Short on GRVT

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)−0.216%−$22 · spread now +0.411%, 7d avg −0.140%

Together, before fees−0.245%+ Points / potential airdropGRVT: Active · farm board−$25 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: GRVT is 0.550% dearer against HTX than usual: you sell high and buy low, +$55 on $10k if it goes back to its 7-day average of −0.140%. The two prices were read 77 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	HTX ONDO-USDT	0.4512	0.0100	pay 0.0050% / 4h	2h 49m	$125K	$511K	50x
Short	GRVT ONDO_USDT_Perp	0.4531	0.0100	get 0.0050% / 4h	2h 49m	$420K	$937K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against HTX. 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 HTXbpFee GRVTbpOrdersPrice spread, now +0.411%Rate

Funding earned: $0
Price spread: +0.411% → −0.140%: $55.03
Slippage, 4 orders: −$47.91
Fee HTX: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$13.88
Costs to cover: 0.689%
Break-even: never at this rate

Slippage from HTX: live order book, 38 min ago; GRVT: live order book, 38 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 HTX live order book, 38 min ago	14.42 bp	20.8 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 38 min ago	3.33 bp	13.1 bp −$13	30.4 bp −$304	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	−0.1129%	1h	0.4503	−0.203%	$3.0M	$7.7M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4505	−0.155%	$29K	$354K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4504	−0.179%	$6K	—	150x	as long as short
Phoenix ONDO	+0.0018%	1h	0.4501	−0.237%	$29K	$222K	10x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4416	−2.128%	$994	$82K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4503	−0.199%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4507	−0.116%	$430K	$672K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4510	−0.044%	$40.6M	$27.4M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4506	−0.142%	$752K	$2.0M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4503	−0.196%	$66.3M	$220.2M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ONDOUSDT	+0.0100%	4h	0.4501	−0.244%	$72.5M	$117.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4499	−0.288%	$17.7M	$79.4M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4500	−0.262%	$72K	$86K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4502	−0.219%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4501	−0.244%	$11.8M	$18.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4501	−0.244%	$47.4M	$45.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4505	−0.155%	$13.9M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4502	−0.222%	$25.4M	$41.1M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4502	−0.222%	—	$746K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4506	−0.131%	$195K	$975K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4504	−0.188%	$798K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4513	+0.019%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perpshort	+0.0100%	4h	0.4531	+0.411%	$420K	$937K	10x
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4517	+0.111%	$159K	$330K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4508	−0.091%	$88K	$1.0M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4505	−0.155%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4501	−0.244%	$468	$14K	10x	as long as short
HTX ONDO-USDTlong	+0.0100%	4h	0.4512	long leg	$125K	$511K	50x
Phemex ONDOUSDT	+0.0100%	4h	0.4501	−0.244%	$4.8M	$6.2M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4501	−0.251%	$6K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4501	−0.251%	$402K	$987K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4506	−0.131%	$35K	—	3x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4520	+0.177%	$304K	$839K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4502	−0.222%	$3.2M	$3.1M	75x	as long as short
Lighter ONDO	+0.0352%	1h	0.4510	−0.051%	$1.4M	$2.2M	10x	as long as short
01 Exchange ONDOUSD	+0.0560%	1h	0.4509	−0.062%	$371	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0616% / S −0.0203%	1h	0.4503	−0.205%	$560K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1138%	1h	0.4505	−0.153%	$2K	—	20x	as long as short
dYdX ONDO-USD	+1.0542%	1h	0.4503	−0.197%	$255K	$117K	5x	as long as short