Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,425.8 | +0.0001 | 0.0000% / 1h | 50m 33s | $286K | $55K | 3x | Long Ondo Perps5% off | |
| SHORT | 1,402.7 | +0.0050 | get 0.0050% / 8h | 4h 50m | $6K | $113K | 10x | Short GRVT |
Price gap−1.619%59s
Funding gap+0.0049% /8h
Funding pays +$1 a day on $10k, but the gap is 0.314% under its 7d average: −$31 if it goes back, about 21 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$11+0.0049% /8h now · paid +0.107% over the last 7D
Price—spread −1.619%59s now · prices read too far apart to compare
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs—+ Points / potential airdropOndo Perps: points · GRVT: points · farm boardneeds both prices read together
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−1.619%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hOPENAI on 26 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than GRVT’s order book right now.
- Note: Margin at max leverage$3,333 + $1,000Ondo Perps 3x, GRVT 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$1.48Long Ondo Perps: 24 payments, −$0.02; short GRVT: 3 payments, +$1.50.
- Watch: Prices read 59 s apart−1.619% vs −1.304%Part of this gap may be the market moving.
- Watch: Short leg is thinner$6K vs $286K OIGRVT sets your exit cost. Check its book before closing.
- OK: Points on a legOndo Perps points · GRVT pointsVolume here counts toward the points program.
- OK: No KYC on either legOndo Perps No · GRVT NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0051%/8h × 21 periods+$10.70
Price spreadprices read too far apart to compare—
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Ondo Perps bp × 2 orders−$5.00
Fee GRVT bp × 2 orders−$9.00
Net · 7 days · $10k—
doesn’t fit the books at $10kprice spread not counted: prices read too far apartCosts to cover—Break-even—
Slippage: Ondo Perps: live order book, 61 min ago; GRVT: live order book, 37 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps11.2316.5 bp−$1777.9 bp−$779doesn’t fitdoesn’t fit
SELL · SHORTGRVT1.11doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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