Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: Variational Omni against Aster+0.410%7-day average −0.059% · you sell dearer than you buy

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

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.031%−$3 on $10k

Price spread, last 4 days (all we have)−0.440%−$44 · spread now +0.410%, 7d avg −0.059%

Together, before fees−0.470%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board−$47 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.469% dearer against Aster than usual: you sell high and buy low, +$47 on $10k if it goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ONDOUSDT	0.4302	0.0100	pay 0.0050% / 4h	2h 31m	$774K	$2.6M	20x
Short	Variational Omni ONDO	0.4320	0.0100	get 0.0050% / 4h	2h 31m	$648K	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aster. 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 AsterbpFee Variational OmnibpOrdersPrice spread, now +0.410%Rate

Funding earned: $0
Price spread: +0.410% → −0.059%: $46.88
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $38.88
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Aster: live order book, 2 min ago; Variational Omni: RFQ quote, 2 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 Aster live order book, 2 min ago	3.48 bp	11.0 bp −$11	45.8 bp −$458	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	4.64 bp	doesn't fit	13.9 bp −$139	doesn't fit	doesn't fit

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	−0.0243%	1h	0.4297	−0.117%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4301	−0.030%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0018%	1h	0.4301	−0.032%	$241K	$137K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+6.178%	$888	$216K	5.5x	as long as short
01 Exchange ONDOUSD	+0.0064%	1h	0.4305	+0.077%	$354	$2K	10x	as long as short
Lighter ONDO	+0.0096%	1h	0.4303	+0.026%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4304	+0.036%	$350K	$876K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4301	−0.021%	$35.9M	$26.1M	10x	as long as short
Aster ONDOUSDTlong	+0.0100%	4h	0.4302	long leg	$774K	$2.6M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4300	−0.051%	$61.9M	$235.7M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ONDOUSDT	+0.0100%	4h	0.4298	−0.098%	$67.0M	$125.9M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4298	−0.098%	$17.1M	$72.9M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4316	+0.326%	$71K	$83K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4304	+0.036%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4298	−0.098%	$12.0M	$16.4M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4300	−0.051%	$42.4M	$42.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4299	−0.074%	$12.0M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4296	−0.144%	$24.6M	$40.0M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4300	−0.051%	—	$23.6M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4301	−0.037%	$176K	$989K	15x	as long as short
Variational Omni ONDOshort	+0.0100%	4h	0.4320	+0.410%	$648K	$1.7M	—
edgeX ONDOUSDC	+0.0100%	4h	0.4331	+0.680%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4321	+0.427%	$400K	$1.3M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4330	+0.646%	$133K	$355K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4306	+0.079%	$67K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4301	−0.028%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4304	+0.042%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4300	−0.051%	$447	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4314	+0.274%	$128K	$429K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4299	−0.074%	$4.1M	$8.2M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4307	+0.111%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4300	−0.061%	$387K	$795K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4303	+0.007%	$37K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0215%	1h	0.4303	+0.019%	$18K	$362K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4346	+1.018%	$218K	$766K	50x	as long as short
Phoenix ONDO	+0.0332%	1h	0.4313	+0.246%	$34K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4305	+0.065%	$3.1M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0560% / S −0.0197%	1h	0.4301	−0.030%	$484K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1156%	1h	0.4301	−0.027%	$2K	—	20x	as long as short