Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h 0.000%

Price spread now: Paradex against Variational Omni+0.067%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · Paradex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.067% dearer against Variational Omni than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ONDO	0.4395	0.0100	pay 0.0050% / 4h	1h 40m	$711K	$1.8M	—
Short	Paradex ONDO-USD-PERP	0.4398	0.0103	get 0.0103% / 8h	5h 40m	$6K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.067%Rate

Funding earned: $0.66
Price spread: +0.067% → 0.000%: $6.67
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: $3.33
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Paradex: no order-book sample. 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, 4 min ago	4.56 bp	doesn't fit	11.4 bp −$114	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.4392	−0.051%	$249K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4395	+0.005%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.945%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4392	−0.053%	$2.6M	$8.1M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4392	−0.060%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4396	+0.025%	$372K	$837K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4400	+0.122%	$63.9M	$225.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4398	+0.076%	$69.4M	$122.6M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4396	+0.031%	$17.0M	$71.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4395	+0.013%	$72K	$86K	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	0.4398	+0.088%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4396	+0.031%	$11.6M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4396	+0.031%	$47.2M	$41.2M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4395	+0.008%	$12.9M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4398	+0.076%	$25.1M	$39.6M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4399	+0.099%	—	$759K	—	as long as short
Variational Omni ONDOlong	+0.0100%	4h	0.4395	long leg	$711K	$1.8M	—
edgeX ONDOUSDC	+0.0100%	4h	0.4405	+0.228%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4410	+0.338%	$407K	$983K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4405	+0.236%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4401	+0.136%	$70K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4397	+0.054%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4394	−0.015%	$457	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4400	+0.122%	$129K	$476K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4395	+0.008%	$4.2M	$7.6M	50x	as long as short
Paradex ONDO-USD-PERPshort	+0.0103%	8h	0.4398	+0.067%	$6K	—	10x
Extended ONDO-USD	+0.0104%	1h	0.4397	+0.059%	$398K	$789K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4395	+0.019%	$38K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0123%	4h	0.4401	+0.134%	$711K	$2.3M	20x	as long as short
Hyperliquid ONDO	+0.0127%	1h	0.4400	+0.111%	$38.2M	$24.5M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0183%	1h	0.4395	+0.017%	$190K	$980K	15x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0205%	1h	0.4393	−0.037%	$23K	$349K	25x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4410	+0.352%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4396	+0.031%	$3.1M	$3.0M	75x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4405	+0.236%	$283K	$703K	50x	as long as short
01 Exchange ONDOUSD	+0.0368%	1h	0.4405	+0.224%	$362	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0551% / S −0.0190%	1h	0.4394	−0.011%	$485K	—	100x	as long as short
Lighter ONDO	+0.0864%	1h	0.4403	+0.197%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1149%	1h	0.4395	+0.018%	$2K	—	20x	as long as short