Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: edgeX against Variational Omni+0.123%7-day average +0.011% · you sell dearer than you buy

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

Long on Variational Omni Short on edgeX

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)−0.094%−$9 · spread now +0.123%, 7d avg +0.011%

Together, before fees−0.074%+ Points / potential airdropVariational Omni: Active · edgeX: 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: edgeX is 0.112% dearer against Variational Omni than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ONDO	0.4542	0.0100	pay 0.0050% / 4h	28m 43s	$779K	$2.0M	—
Short	edgeX ONDOUSDC	0.4548	0.0100	get 0.0050% / 4h	28m 43s	$5K	$320K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.123%Rate

Funding earned: $0
Price spread: +0.123% → +0.011%: $11.24
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $2.24
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, just now; edgeX: live order book, 49 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, just now	4.40 bp	doesn't fit	11.0 bp −$110	doesn't fit	doesn't fit
Sell edgeX live order book, 49 min ago	4.34 bp	8.8 bp −$9	15.0 bp −$150	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	−0.0803%	1h	0.4545	+0.064%	$2.8M	$8.1M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	+0.573%	$888	$216K	5.5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4544	+0.049%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4545	+0.067%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4543	+0.034%	$437K	$710K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4546	+0.089%	$720K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4542	+0.002%	$68.0M	$227.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4544	+0.045%	$73.6M	$123.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4542	0.000%	$17.6M	$80.7M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4549	+0.148%	$74K	$89K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4544	+0.038%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4544	+0.045%	$11.9M	$18.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4546	+0.089%	$48.8M	$43.5M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4546	+0.089%	$14.1M	$11.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4545	+0.067%	$25.7M	$41.3M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4546	+0.089%	—	$22.3M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4548	+0.128%	$229K	$1.0M	15x	as long as short
Variational Omni ONDOlong	+0.0100%	4h	0.4542	long leg	$779K	$2.0M	—
edgeX ONDOUSDCshort	+0.0100%	4h	0.4548	+0.123%	$5K	$320K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4544	+0.035%	$419K	$960K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4548	+0.133%	$172K	$312K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4547	+0.104%	$69K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4545	+0.067%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4546	+0.089%	$473	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4566	+0.529%	$134K	$505K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4547	+0.111%	$4.6M	$6.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4544	+0.046%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4546	+0.092%	$407K	$844K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4548	+0.133%	$44K	$8K	3x	as long as short
Hyperliquid ONDO	+0.0170%	1h	0.4545	+0.067%	$40.2M	$26.6M	10x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4547	+0.117%	$38K	$257K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4548	+0.133%	$297K	$844K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4546	+0.089%	$3.3M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0352%	1h	0.4547	+0.115%	$374	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0410%	1h	0.4548	+0.133%	$36K	$436K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0586% / S −0.0188%	1h	0.4544	+0.044%	$542K	—	100x	as long as short
Lighter ONDO	+0.0800%	1h	0.4550	+0.177%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1143%	1h	0.4545	+0.076%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.4114%	1h	0.4543	+0.023%	$257K	$132K	5x	as long as short