Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h −0.020%

Price spread now: GRVT against Paradex+0.007%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on GRVT

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 airdropParadex: Active · GRVT: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ONDO-USD-PERP	0.4419	0.0103	pay 0.0103% / 8h	6h 24m	$6K	—	10x
Short	GRVT ONDO_USDT_Perp	0.4419	0.0100	get 0.0050% / 4h	2h 24m	$419K	$976K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Paradex. 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 ParadexbpFee GRVTbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$0.64
Price spread: +0.007% → 0.000%: $0.7
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$12.93
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; GRVT: live order book, 43 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell GRVT live order book, 43 min ago	3.26 bp	10.8 bp −$11	43.5 bp −$435	doesn't fit	doesn't fit

Paradex: 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 38 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	−0.0362%	1h	0.4414	−0.100%	$2.6M	$8.1M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4415	−0.076%	$250K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4419	+0.007%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.382%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4419	+0.010%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4422	+0.089%	$388K	$859K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4417	−0.036%	$673K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4416	−0.052%	$64.2M	$231.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4416	−0.058%	$70.0M	$125.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4414	−0.103%	$17.1M	$75.7M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4400	−0.423%	$72K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4418	−0.012%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4414	−0.103%	$11.6M	$16.4M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4414	−0.103%	$44.4M	$43.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4416	−0.058%	$13.1M	$11.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4416	−0.058%	$25.1M	$40.4M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4415	−0.081%	—	$761K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4422	+0.072%	$770K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4418	−0.010%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perpshort	+0.0100%	4h	0.4419	+0.007%	$419K	$976K	10x
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4415	−0.081%	$136K	$367K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4423	+0.093%	$93K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4420	+0.032%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4420	+0.032%	$459	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4426	+0.168%	$130K	$512K	50x	as long as short
Paradex ONDO-USD-PERPlong	+0.0103%	8h	0.4419	long leg	$6K	—	10x
Extended ONDO-USD	+0.0104%	1h	0.4415	−0.091%	$398K	$823K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4422	+0.078%	$38K	$13K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0119%	1h	0.4417	−0.042%	$202K	$1.0M	15x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0203%	1h	0.4420	+0.032%	$23K	$349K	25x	as long as short
Hyperliquid ONDO	+0.0298%	1h	0.4419	+0.003%	$39.1M	$25.7M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4422	+0.078%	$284K	$746K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4425	+0.134%	$35K	$231K	10x	as long as short
01 Exchange ONDOUSD	+0.0360%	1h	0.4424	+0.121%	$364	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0551% / S −0.0190%	1h	0.4419	+0.010%	$488K	—	100x	as long as short
Phemex ONDOUSDT	+0.0637%	4h	0.4415	−0.081%	$4.2M	$7.4M	50x	as long as short
Lighter ONDO	+0.0816%	1h	0.4426	+0.175%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1147%	1h	0.4421	+0.049%	$2K	—	20x	as long as short