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% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%

Price spread now: GRVT against MEXC−0.017%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$390.393% of the position

Long on MEXC Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 3 days (all we have)+0.222%+$22 · spread now −0.017%, 7d avg −0.002%

Together, before fees+0.260%+ Points / potential airdropGRVT: Active · farm board+$26 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ONDO_USDT	0.4569	0.0100	pay 0.0050% / 4h	1h 08m	$49.2M	$44.9M	200x
Short	GRVT ONDO_USDT_Perp	0.4568	0.0100	get 0.0050% / 4h	1h 08m	$421K	$947K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against MEXC. 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 MEXCbpFee GRVTbpOrdersPrice spread, now −0.017%Rate

Funding earned: $0
Price spread: −0.017% → −0.002%: −$1.44
Slippage, 4 orders: −$30.26
Fee MEXC: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$40.7
Costs to cover: 0.393%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; GRVT: live order book, 9 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 MEXC live order book, 5 min ago	1.10 bp	1.1 bp −$1	4.6 bp −$46	18.8 bp −$1,880	106.8 bp −$53.4K
Sell GRVT live order book, 9 min ago	7.60 bp	18.8 bp −$19	39.7 bp −$397	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	−0.0352%	1h	0.4573	+0.082%	$2.8M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4571	+0.047%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4570	+0.022%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4569	+0.005%	$432K	$705K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4574	+0.103%	$730K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4570	+0.028%	$67.9M	$226.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4568	−0.022%	$74.0M	$122.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4568	−0.022%	$17.8M	$81.6M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4551	−0.405%	$74K	$88K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4566	−0.068%	—	—	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	0.4566	−0.066%	$12.0M	$18.7M	50x	as long as short
MEXC ONDO_USDTlong	+0.0100%	4h	0.4569	long leg	$49.2M	$44.9M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4570	+0.022%	$13.8M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4570	+0.022%	$25.9M	$41.5M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4568	−0.022%	—	$22.3M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4560	−0.200%	$786K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4563	−0.142%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perpshort	+0.0100%	4h	0.4568	−0.017%	$421K	$947K	10x
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4565	−0.088%	$163K	$317K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4574	+0.114%	$69K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4566	−0.066%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4574	+0.109%	$475	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4576	+0.153%	$133K	$505K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4572	+0.066%	$4.7M	$6.5M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4567	−0.051%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4568	−0.021%	$409K	$855K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4575	+0.130%	$44K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4586	+0.368%	$38K	$219K	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0143%	1h	0.4574	+0.114%	$231K	$1.0M	15x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4568	−0.022%	$888	$216K	5.5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4595	+0.569%	$301K	$862K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4575	+0.131%	$3.3M	$3.2M	75x	as long as short
Hyperliquid ONDO	+0.0379%	1h	0.4574	+0.100%	$40.6M	$26.8M	10x	as long as short
01 Exchange ONDOUSD	+0.0400%	1h	0.4571	+0.033%	$376	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0406%	1h	0.4573	+0.088%	$31K	$431K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0587% / S −0.0187%	1h	0.4570	+0.021%	$545K	—	100x	as long as short
Lighter ONDO	+0.0712%	1h	0.4581	+0.258%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1141%	1h	0.4573	+0.084%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.5341%	1h	0.4564	−0.101%	$258K	$129K	5x	as long as short