diff --git a/.changeset/yellow-dodos-smell.md b/.changeset/yellow-dodos-smell.md
new file mode 100644
index 000000000000..ea2aead6622e
--- /dev/null
+++ b/.changeset/yellow-dodos-smell.md
@@ -0,0 +1,5 @@
+---
+'svelte': patch
+---
+
+fix: properly add owners to function bindings
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/component.js b/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/component.js
index 068971145c6e..f509cb41a7d8 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/component.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/component.js
@@ -174,23 +174,32 @@ export function build_component(node, component_name, context, anchor = context.
 		} else if (attribute.type === 'BindDirective') {
 			const expression = /** @type {Expression} */ (context.visit(attribute.expression));
 
-			if (dev && attribute.name !== 'this' && attribute.expression.type !== 'SequenceExpression') {
-				const left = object(attribute.expression);
-				let binding;
+			if (dev && attribute.name !== 'this') {
+				let should_add_owner = true;
 
-				if (left?.type === 'Identifier') {
-					binding = context.state.scope.get(left.name);
+				if (attribute.expression.type !== 'SequenceExpression') {
+					const left = object(attribute.expression);
+
+					if (left?.type === 'Identifier') {
+						const binding = context.state.scope.get(left.name);
+
+						// Only run ownership addition on $state fields.
+						// Theoretically someone could create a `$state` while creating `$state.raw` or inside a `$derived.by`,
+						// but that feels so much of an edge case that it doesn't warrant a perf hit for the common case.
+						if (binding?.kind === 'derived' || binding?.kind === 'raw_state') {
+							should_add_owner = false;
+						}
+					}
 				}
 
-				// Only run ownership addition on $state fields.
-				// Theoretically someone could create a `$state` while creating `$state.raw` or inside a `$derived.by`,
-				// but that feels so much of an edge case that it doesn't warrant a perf hit for the common case.
-				if (binding?.kind !== 'derived' && binding?.kind !== 'raw_state') {
+				if (should_add_owner) {
 					binding_initializers.push(
 						b.stmt(
 							b.call(
 								b.id('$.add_owner_effect'),
-								b.thunk(expression),
+								expression.type === 'SequenceExpression'
+									? expression.expressions[0]
+									: b.thunk(expression),
 								b.id(component_name),
 								is_ignored(node, 'ownership_invalid_binding') && b.true
 							)
diff --git a/packages/svelte/tests/runtime-runes/samples/ownership-function-bindings/Child.svelte b/packages/svelte/tests/runtime-runes/samples/ownership-function-bindings/Child.svelte
new file mode 100644
index 000000000000..ef91b0756dfb
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/ownership-function-bindings/Child.svelte
@@ -0,0 +1,5 @@
+<script>
+	let { arr = $bindable() } = $props();
+</script>
+
+<button onclick={() => arr.push(arr.length)}></button>
\ No newline at end of file
diff --git a/packages/svelte/tests/runtime-runes/samples/ownership-function-bindings/_config.js b/packages/svelte/tests/runtime-runes/samples/ownership-function-bindings/_config.js
new file mode 100644
index 000000000000..4c77aea20684
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/ownership-function-bindings/_config.js
@@ -0,0 +1,20 @@
+import { flushSync } from 'svelte';
+import { test } from '../../test';
+
+export default test({
+	compileOptions: {
+		dev: true
+	},
+	test({ target, warnings, assert }) {
+		const btn = target.querySelector('button');
+		flushSync(() => {
+			btn?.click();
+		});
+		assert.deepEqual(warnings, []);
+
+		flushSync(() => {
+			btn?.click();
+		});
+		assert.deepEqual(warnings, []);
+	}
+});
diff --git a/packages/svelte/tests/runtime-runes/samples/ownership-function-bindings/main.svelte b/packages/svelte/tests/runtime-runes/samples/ownership-function-bindings/main.svelte
new file mode 100644
index 000000000000..4a3ce82726b6
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/ownership-function-bindings/main.svelte
@@ -0,0 +1,10 @@
+<script>
+	import Child from './Child.svelte';
+	
+	let arr = $state([]);
+	let arr2 = $state([]);
+
+	let len = $derived(arr.length + arr2.length);
+</script>
+
+<Child bind:arr={() => len % 2 === 0 ? arr : arr2, (v) => {}} />
\ No newline at end of file