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: Binance against Variational Omni−0.265%7-day average +0.024% · you buy dearer than you sell

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.020%+$2 on $10k

Price spread, last 3 days (all we have)+0.266%+$27 · spread now −0.265%, 7d avg +0.024%

Together, before fees+0.287%+ Points / potential airdropVariational Omni: Active · farm board+$29 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: Binance is 0.289% cheaper against Variational Omni than usual: you would sell low and buy high, −$29 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ONDO	0.4454	0.0100	pay 0.0050% / 4h	2h 54m	$789K	$1.8M	—
Short	Binance ONDOUSDT	0.4442	0.0100	get 0.0050% / 4h	2h 54m	$65.5M	$226.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BinancebpOrdersPrice spread, now −0.265%Rate

Funding earned: $0
Price spread: −0.265% → +0.024%: −$28.89
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$38.89
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Binance: live order book, 4 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, 5 min ago	4.43 bp	doesn't fit	13.3 bp −$133	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	1.12 bp	9.5 bp −$9	20.2 bp −$202	64.8 bp −$6,477	382.8 bp −$191.4K

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
ApeX Omni ONDOUSDT	−0.1599%	1h	0.4475	+0.476%	$167K	$332K	50x	as long as short
Kraken Futures PF_ONDOUSD	−0.0358%	1h	0.4460	+0.135%	$2.7M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4454	+0.012%	$252K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0007%	1h	0.4457	+0.081%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+2.564%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4458	+0.094%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4447	−0.147%	$407K	$781K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4448	−0.124%	$39.4M	$25.3M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4455	+0.029%	$705K	$2.1M	20x	as long as short
Binance ONDOUSDTshort	+0.0100%	4h	0.4442	−0.265%	$65.5M	$226.4M	75x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ONDOUSDT	+0.0100%	4h	0.4444	−0.220%	$71.3M	$121.6M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4450	−0.086%	$17.1M	$76.1M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4462	+0.193%	$73K	$92K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4442	−0.275%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4447	−0.153%	$11.7M	$15.7M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4448	−0.130%	$45.3M	$41.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4447	−0.153%	$13.5M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4447	−0.153%	$25.1M	$39.5M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4450	−0.086%	—	$756K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4460	+0.128%	$225K	$1.0M	15x	as long as short
Variational Omni ONDOlong	+0.0100%	4h	0.4454	long leg	$789K	$1.8M	—
edgeX ONDOUSDC	+0.0100%	4h	0.4475	+0.469%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4454	+0.004%	$419K	$965K	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4450	−0.095%	$116K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4460	+0.139%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4461	+0.161%	$464	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4468	+0.319%	$130K	$499K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4448	−0.119%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4450	−0.075%	$402K	$816K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4459	+0.122%	$39K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0199%	1h	0.4460	+0.139%	$33K	$339K	25x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4508	+1.212%	$37K	$231K	10x	as long as short
01 Exchange ONDOUSD	+0.0248%	1h	0.4445	−0.209%	$366	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4466	+0.274%	$290K	$800K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4457	+0.072%	$3.3M	$3.0M	75x	as long as short
Lighter ONDO	+0.0528%	1h	0.4462	+0.195%	$1.4M	$2.1M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0582% / S −0.0186%	1h	0.4458	+0.086%	$532K	—	100x	as long as short
Phemex ONDOUSDT	+0.0760%	4h	0.4464	+0.229%	$4.3M	$7.2M	50x	as long as short
Reya ONDORUSDPERP	+0.1146%	1h	0.4445	−0.192%	$2K	—	20x	as long as short