Funding arb · Price arb /

SAMSUNG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0302%/8h= −33.1% APRpaid last 24h −0.083%

Price spread now: GRVT against Ondo Perps+0.025%7-day average +0.010% · you sell dearer than you buy

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

Long on Ondo Perps Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.169%−$17 on $10k

Price spread, last 3 days (all we have)−0.059%−$6 · spread now +0.025%, 7d avg +0.010%

Together, before fees−0.228%+ Points / potential airdropOndo Perps: Active · GRVT: Active · farm board−$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.169% in total (about -8.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SMSN-USD.P	204.07	0.0302	pay 0.0038% / 1h	4m 54s	$323K	$248K	10x
Short	GRVT SAMSUNG_USDT_Perp	204.12	0	get 0.0000% / 4h	1h 04m	$24K	$176K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Ondo Perps. 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 Ondo PerpsbpFee GRVTbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$63.5
Price spread: +0.025% → +0.010%: $1.41
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$76.09
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; GRVT: live order book, 12 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell GRVT live order book, 12 min ago	1.23 bp	7.0 bp −$7	11.5 bp −$115	doesn't fit	doesn't fit

Ondo Perps: 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.

SAMSUNG on 24 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
BloFin SAMSUNG-USDT	−0.0043%	4h	204.09	+0.010%	$297K	$221K	25x	as long as short
Aster SAMSUNGUSDT	0.0000%	4h	203.95	−0.059%	$103K	$151K	50x	as long as short
Extended SAMSUNG-USD	0.0000%	1h	204.04	−0.014%	$196K	$101K	10x	as long as short
Binance SAMSUNGUSDT	0.0000%	4h	204.09	+0.011%	$23.8M	$161.0M	25x	as long as short
Bybit SAMSUNGUSDT	0.0000%	8h	204.01	−0.029%	$5.8M	$14.2M	100x	as long as short
Gate SAMSUNG_USDT	0.0000%	4h	204.04	−0.015%	$7.0M	$23.3M	75x	as long as short
Bitget SAMSUNGUSDT	0.0000%	4h	204.12	+0.025%	$4.6M	$13.6M	20x	as long as short
GRVT SAMSUNG_USDT_Perpshort	0.0000%	4h	204.12	+0.025%	$24K	$176K	10x
SunX SAMSUNG-USDT	0.0000%	4h	203.93	−0.069%	$971	$1.4M	10x	as long as short
HTX SAMSUNG-USDT	0.0000%	4h	203.97	−0.049%	$79K	$155K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex SAMSUNGUSDT	0.0000%	8h	204.09	+0.010%	$2.7M	$1.3M	10x	as long as short
OKX SAMSUNG-USDT-SWAP	+0.0033%	8h	203.98	−0.044%	$5.4M	$22.8M	25x	as long as short
Pacifica SAMSUNG	+0.0100%	1h	203.94	−0.062%	$82K	$57K	10x	as long as short
KuCoin SAMSUNGUSDTM	+0.0100%	4h	203.90	−0.083%	$558K	$152K	20x	as long as short
ApeX Omni SAMSUNGUSDT	+0.0100%	1h	204.02	−0.025%	$5K	$142K	50x	as long as short
Orderly PERP_SAMSUNG_USDC_mythos	+0.0100%	8h	204.06	−0.005%	$3K	$488	10x	as long as short
Ondo Perps SMSN-USD.Plong	+0.0302%	1h	204.07	long leg	$323K	$248K	10x
SoDEX SAMSUNG-USD	+0.0363%	1h	203.98	−0.044%	$3K	$3K	10x	as long as short
edgeX SAMSUNGUSDC	+0.0377%	4h	203.96	−0.056%	$242K	$433K	10x	as long as short
tradeXYZ xyz:SMSN	+0.0451%	1h	203.68	−0.191%	$43.9M	$45.9M	10x	as long as short
Aevo SMSN-PERP	+0.0576%	1h	204.11	+0.021%	$32K	—	10x	as long as short
Polymarket Perps SAMSUNG-USD	+0.1041%	1h	204.04	−0.015%	$45K	$306K	10x	as long as short
Aftermath Perps SAMSUNGUSD	+0.1061%	1h	203.75	−0.158%	$852	$32K	5x	as long as short
Kraken Futures PF_SAMSUNGUSD	+0.1085%	1h	204.02	−0.025%	$46K	$21K	20x	as long as short