Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against Variational Omni−0.059%7-day average +0.054% · you buy dearer than you sell

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

Long on Variational Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.025%+$2 on $10k

Price spread, last 4 days (all we have)−0.105%−$11 · spread now −0.059%, 7d avg +0.054%

Together, before fees−0.081%+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm board−$8 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: Aster is 0.112% cheaper against Variational Omni than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ONDO	0.4381	0.0100	pay 0.0050% / 4h	1h 45m	$709K	$1.8M	—
Short	Aster ONDOUSDT	0.4378	0.0100	get 0.0050% / 4h	1h 45m	$682K	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. 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 Variational OmnibpFee AsterbpOrdersPrice spread, now −0.059%Rate

Funding earned: $0
Price spread: −0.059% → +0.054%: −$11.25
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$19.25
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Aster: live order book, 3 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 Variational Omni RFQ quote, 3 min ago	5.69 bp	doesn't fit	12.5 bp −$125	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	2.28 bp	10.4 bp −$10	33.1 bp −$331	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
dYdX ONDO-USD	0.0000%	1h	0.4382	+0.023%	$248K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4380	−0.016%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.275%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0062%	1h	0.4377	−0.077%	$2.6M	$8.1M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4380	−0.017%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4382	+0.023%	$373K	$836K	10x	as long as short
Aster ONDOUSDTshort	+0.0100%	4h	0.4378	−0.059%	$682K	$2.3M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4377	−0.095%	$63.7M	$225.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4374	−0.154%	$69.0M	$122.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4376	−0.108%	$16.9M	$71.5M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4372	−0.204%	$72K	$86K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4380	−0.010%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4374	−0.154%	$11.5M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4376	−0.108%	$46.6M	$41.2M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4376	−0.108%	$13.0M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4375	−0.131%	$24.9M	$39.5M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4376	−0.108%	—	$22.0M	—	as long as short
Variational Omni ONDOlong	+0.0100%	4h	0.4381	long leg	$709K	$1.8M	—
edgeX ONDOUSDC	+0.0100%	4h	0.4394	+0.293%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4415	+0.782%	$414K	$987K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4392	+0.257%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4384	+0.068%	$70K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4381	+0.006%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4379	−0.040%	$455	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4384	+0.075%	$129K	$476K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4376	−0.108%	$4.2M	$7.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4380	−0.024%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4376	−0.103%	$396K	$789K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4384	+0.063%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0127%	1h	0.4377	−0.090%	$38.1M	$24.3M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0185%	1h	0.4378	−0.067%	$189K	$980K	15x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0207%	1h	0.4381	+0.006%	$23K	$349K	25x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4416	+0.803%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4377	−0.085%	—	$3.0M	75x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4387	+0.143%	$281K	$699K	50x	as long as short
01 Exchange ONDOUSD	+0.0392%	1h	0.4385	+0.095%	$361	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0549% / S −0.0190%	1h	0.4381	+0.004%	$483K	—	100x	as long as short
Lighter ONDO	+0.0824%	1h	0.4386	+0.118%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1149%	1h	0.4383	+0.063%	$2K	—	20x	as long as short