ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h +0.020%

Price spread now: Variational Omni against GRVT−0.067%59s7-day average −0.005% · you buy dearer than you sell

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

Long on GRVT Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.065%−$7 · spread now −0.067%, 7d avg −0.005%

Together, before fees−0.065%+ Points / potential airdropGRVT: Active · Variational Omni: Active · farm board−$7 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 0.062% cheaper against GRVT than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.005%. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ONDO_USDT_Perp	0.4531	0.0100	pay 0.0050% / 4h	2h 52m	$420K	$937K	10x
Short	Variational Omni ONDO	0.4527	0.0099	get 0.0050% / 4h	2h 52m	$801K	$2.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against GRVT. 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 GRVTbpFee Variational OmnibpOrdersPrice spread, now −0.067%Rate

Funding earned: −$0.13
Price spread: −0.067% → −0.005%: −$6.2
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$15.34
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 35 min ago; Variational Omni: RFQ quote, 1 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 GRVT live order book, 35 min ago	3.33 bp	14.6 bp −$15	42.3 bp −$423	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	5.53 bp	doesn't fit	14.4 bp −$144	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	−0.1126%	1h	0.4515	−0.334%	$3.0M	$7.7M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4516	−0.321%	$29K	$354K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4514	−0.373%	$6K	—	150x	as long as short
Phoenix ONDO	+0.0018%	1h	0.4501	−0.645%	$29K	$222K	10x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4416	−2.528%	$994	$82K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4513	−0.387%	$25K	$8K	10x	as long as short
Variational Omni ONDOshort	+0.0099%	4h	0.4527	−0.067%	$801K	$2.0M	—
Nado ONDO-PERP	+0.0100%	1h	0.4504	−0.585%	$429K	$672K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4514	−0.360%	$40.7M	$27.4M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4509	−0.470%	$753K	$2.0M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ONDOUSDT	+0.0100%	4h	0.4504	−0.580%	$66.3M	$220.3M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4503	−0.608%	$72.6M	$117.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4502	−0.630%	$17.7M	$79.6M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4500	−0.669%	$73K	$86K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4504	−0.594%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4505	−0.563%	$11.8M	$18.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4506	−0.541%	$47.8M	$45.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4506	−0.541%	$14.0M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4507	−0.519%	$25.4M	$41.1M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4505	−0.563%	—	$23.1M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4515	−0.338%	$195K	$975K	15x	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4529	−0.038%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perplong	+0.0100%	4h	0.4531	long leg	$420K	$937K	10x
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4526	−0.100%	$159K	$330K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4516	−0.318%	$76K	$1.0M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4514	−0.365%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4514	−0.365%	$469	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4528	−0.056%	$125K	$511K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4513	−0.387%	$4.8M	$6.2M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4505	−0.553%	$6K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4505	−0.572%	$402K	$987K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4514	−0.372%	$36K	—	3x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4520	−0.232%	$304K	$839K	50x	as long as short
Lighter ONDO	+0.0336%	1h	0.4514	−0.360%	$1.4M	$2.2M	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4512	−0.409%	$3.2M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0616% / S −0.0203%	1h	0.4514	−0.359%	$561K	—	100x	as long as short
01 Exchange ONDOUSD	+0.0648%	1h	0.4507	−0.519%	$371	$2K	10x	as long as short
Reya ONDORUSDPERP	+0.1138%	1h	0.4515	−0.341%	$2K	—	20x	as long as short
dYdX ONDO-USD	+1.0146%	1h	0.4507	−0.521%	$255K	$117K	5x	as long as short