Settings8H · net · $10k
Funding arb · Price arb /

ONDO

all ONDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.136%
Price spread now: Coinbase International against Variational Omni+1.060%7-day average +0.243% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.528%+$53 on $10k
Price spread, last 3 days (all we have)−0.739%−$74 · spread now +1.060%, 7d avg +0.243%
Together, before fees−0.211%+ Points / potential airdropVariational Omni: Active · farm board−$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Coinbase International is 0.817% dearer against Variational Omni than usual: you sell high and buy low: +$82 more if the spread goes back to its 7-day average of +0.243%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ONDO0.45490.0100pay 0.0050% / 4h3h 41m$807K$2.0M
ShortCoinbase International ONDO-PERP-INTX0.45970.0280get 0.0035% / 1h41m 41s$299K$824K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$37.8
Price spread: +1.060% → +0.243%
$81.67
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$109.47
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Coinbase International: live order book, 32 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 2 min ago4.37 bpdoesn't fit13.1 bp −$131doesn't fitdoesn't fit
Sell Coinbase International live order book, 32 min ago8.77 bp13.8 bp −$1441.9 bp −$419doesn't fitdoesn't fit

ONDO on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ONDOUSD−0.0867%1h0.4607+1.277%$2.8M$8.0M50xas long as short
dYdX ONDO-USD0.0000%1h0.4573+0.539%$259K$132K5xas long as short
gTrade (Gains Network) ONDO/USDL +0.0003% / S −0.0008%1h0.4610+1.349%$6K150xas long as short
Injective ONDO/USDC PERP+0.0033%1h0.4568+0.422%$888$216K5.5xas long as short
Orderly PERP_ONDO_USDC+0.0098%4h0.4610+1.346%$25K$6K10xas long as short
Nado ONDO-PERP+0.0100%1h0.4606+1.247%$442K$708K10xas long as short
Aster ONDOUSDT+0.0100%4h0.4593+0.968%$727K$2.2M20xas long as short
Binance ONDOUSDT+0.0100%4h0.4576+0.599%$68.4M$226.1M75xas long as short
Bybit ONDOUSDT+0.0100%4h0.4572+0.510%$73.9M$120.8M50xas long as short
OKX ONDO-USDT-SWAP+0.0100%4h0.4569+0.444%$17.6M$79.6M50xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps ONDO-USD.P+0.0100%1h0.4588+0.857%$75K$89K10xas long as short
RISEx ONDO/USDC+0.0100%1h0.4604+1.215%5xas long as short
Gate ONDO_USDT+0.0100%4h0.4592+0.950%$12.0M$16.6M50xas long as short
MEXC ONDO_USDT+0.0100%4h0.4591+0.928%$49.7M$41.5M200xas long as short
KuCoin ONDOUSDTM+0.0100%4h0.4598+1.082%$14.2M$11.0M50xas long as short
Bitget ONDOUSDT+0.0100%4h0.4587+0.840%$25.9M$40.0M50xas long as short
BingX ONDO-USDT+0.0100%4h0.4589+0.884%$22.3Mas long as short
Backpack ONDO_USDC_PERP+0.0100%1h0.4603+1.192%$230K$1.0M15xas long as short
Variational Omni ONDOlong+0.0100%4h0.4549long leg$807K$2.0M
edgeX ONDOUSDC+0.0100%4h0.4559+0.230%$5K$320K20xas long as short
GRVT ONDO_USDT_Perp+0.0100%4h0.4568+0.422%$423K$959K10xas long as short
ApeX Omni ONDOUSDT+0.0100%1h0.4560+0.246%$174K$326K50xas long as short
Polymarket Perps ONDO-USD+0.0100%1h0.4611+1.361%$72K$1.1M10xas long as short
SunX ONDO-USDT+0.0100%4h0.4611+1.368%$1.4M20xas long as short
SoDEX ONDO-USD+0.0100%1h0.4611+1.368%$479$14K10xas long as short
HTX ONDO-USDT+0.0100%4h0.4615+1.455%$135K$503K50xas long as short
Phemex ONDOUSDT+0.0100%4h0.4604+1.214%$4.6M$7.0M50xas long as short
Paradex ONDO-USD-PERP+0.0100%8h0.4607+1.269%$7K$910xas long as short
Extended ONDO-USD+0.0104%1h0.4591+0.918%$411K$843K25xas long as short
Aevo ONDO-PERP+0.0104%1h0.4612+1.397%$40K$13K3xas long as short
Hyperliquid ONDO+0.0107%1h0.4592+0.954%$40.5M$26.1M10xas long as short
Deribit ONDO_USDC-PERPETUAL+0.0184%1h0.4611+1.368%$34K$363K25xas long as short
01 Exchange ONDOUSD+0.0232%1h0.4610+1.352%$379$2K10xas long as short
Phoenix ONDO+0.0244%1h0.4577+0.611%$38K$248K10xas long as short
Coinbase International ONDO-PERP-INTXshort+0.0280%1h0.4597+1.060%$299K$824K50x
BloFin ONDO-USDT+0.0340%4h0.4598+1.082%$3.3M$3.2M75xas long as short
Lighter ONDO+0.0536%1h0.4582+0.728%$1.5M$2.2M10xas long as short
GMX ONDO/USD [ETH-USDC]L +0.0591% / S −0.0188%1h0.4611+1.357%$550K100xas long as short
Reya ONDORUSDPERP+0.1145%1h0.4608+1.307%$2K20xas long as short