Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h −0.079%

Price spread now: GRVT against 01 Exchange+0.358%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on GRVT

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

The price spread pays, funding is against you. GRVT is 0.358% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.358% now, against zero (this spread has no 7-day history yet)): +$36 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 4.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ONDOUSD	0.4517	0.0384	pay 0.0048% / 1h	53m 09s	$372	$2K	10x
Short	GRVT ONDO_USDT_Perp	0.4533	0.0100	get 0.0050% / 4h	1h 53m	$428K	$928K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against 01 Exchange. 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 01 ExchangebpFee GRVTbpOrdersPrice spread, now +0.358%Rate

Funding earned: −$59.64
Price spread: +0.358% → 0.000%: $35.84
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$39.8
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: 01 Exchange: no order-book sample; GRVT: live order book, 30 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 01 Exchange no order-book sample	—	—	—	—	—
Sell GRVT live order book, 30 min ago	3.31 bp	14.2 bp −$14	36.6 bp −$366	doesn't fit	doesn't fit

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
Kraken Futures PF_ONDOUSD	−0.0356%	1h	0.4511	−0.129%	$2.8M	$8.0M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4514	−0.060%	$19K	$364K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4513	−0.075%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4512	−0.104%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4516	−0.015%	$424K	$682K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4516	−0.015%	$756K	$2.0M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4514	−0.070%	$66.5M	$220.2M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4513	−0.082%	$73.2M	$118.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4512	−0.104%	$17.6M	$79.7M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4542	+0.569%	$73K	$85K	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	0.4512	−0.093%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4511	−0.126%	$11.8M	$18.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4512	−0.104%	$47.6M	$44.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4513	−0.082%	$13.4M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4512	−0.104%	$25.5M	$41.2M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4511	−0.126%	—	$22.5M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4511	−0.135%	$195K	$972K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4531	+0.319%	$793K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4534	+0.384%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perpshort	+0.0100%	4h	0.4533	+0.358%	$428K	$928K	10x
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4514	−0.055%	$81K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4513	−0.082%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4514	−0.060%	$469	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4522	+0.117%	$130K	$508K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4512	−0.104%	$4.7M	$6.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4515	−0.036%	$6K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4513	−0.087%	$403K	$856K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4516	−0.007%	$44K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4528	+0.257%	$30K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4503	−0.303%	$1K	$181K	5.5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4538	+0.472%	$300K	$847K	50x	as long as short
ApeX Omni ONDOUSDT	+0.0286%	1h	0.4538	+0.472%	$160K	$333K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4510	−0.148%	$3.2M	$3.1M	75x	as long as short
01 Exchange ONDOUSDlong	+0.0384%	1h	0.4517	long leg	$372	$2K	10x
Lighter ONDO	+0.0512%	1h	0.4520	+0.069%	$1.4M	$2.1M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0590% / S −0.0191%	1h	0.4512	−0.104%	$543K	—	100x	as long as short
Hyperliquid ONDO	+0.0593%	1h	0.4515	−0.033%	$40.4M	$27.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1140%	1h	0.4514	−0.068%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1173%	1h	0.4520	+0.063%	$256K	$130K	5x	as long as short