ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against Variational Omni−0.251%7-day average +0.072% · you buy dearer than you sell

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

Long on Variational Omni Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.024%+$2 on $10k

Price spread, last 3 days (all we have)+0.426%+$43 · spread now −0.251%, 7d avg +0.072%

Together, before fees+0.450%+ Points / potential airdropVariational Omni: Active · farm board+$45 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: Polymarket Perps is 0.323% cheaper against Variational Omni than usual: you would sell low and buy high, −$32 on $10k if it goes back to its 7-day average of +0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ONDO	0.4527	0.0099	pay 0.0050% / 4h	2h 53m	$801K	$2.0M	—
Short	Polymarket Perps ONDO-USD	0.4516	0.0100	get 0.0013% / 1h	53m 12s	$76K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.251%Rate

Funding earned: $0.13
Price spread: −0.251% → +0.072%: −$32.3
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$40.16
Costs to cover: 0.080%
Break-even: 2107.2 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Polymarket Perps: live order book, 5 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, 1 min ago	5.53 bp	doesn't fit	12.2 bp −$122	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 5 min ago	1.88 bp	5.9 bp −$6	7.3 bp −$73	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	−0.1126%	1h	0.4515	−0.267%	$3.0M	$7.7M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4516	−0.254%	$29K	$354K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4514	−0.306%	$6K	—	150x	as long as short
Phoenix ONDO	+0.0018%	1h	0.4501	−0.578%	$29K	$222K	10x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4416	−2.462%	$994	$82K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4513	−0.320%	$25K	$8K	10x	as long as short
Variational Omni ONDOlong	+0.0099%	4h	0.4527	long leg	$801K	$2.0M	—
Nado ONDO-PERP	+0.0100%	1h	0.4512	−0.342%	$430K	$671K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4519	−0.191%	$40.7M	$27.4M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4515	−0.267%	$754K	$2.0M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ONDOUSDT	+0.0100%	4h	0.4514	−0.296%	$66.5M	$220.2M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4514	−0.298%	$72.8M	$117.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4513	−0.320%	$17.7M	$79.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4500	−0.602%	$73K	$86K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4515	−0.273%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4512	−0.342%	$11.8M	$18.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4514	−0.298%	$47.8M	$45.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4513	−0.320%	$14.0M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4510	−0.386%	$25.4M	$41.1M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4511	−0.364%	—	$744K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4515	−0.271%	$195K	$975K	15x	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4529	+0.030%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4531	+0.067%	$420K	$937K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4526	−0.033%	$159K	$330K	50x	as long as short
Polymarket Perps ONDO-USDshort	+0.0100%	1h	0.4516	−0.251%	$76K	$1.0M	10x
SunX ONDO-USDT	+0.0100%	4h	0.4514	−0.298%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4514	−0.298%	$469	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4528	+0.012%	$125K	$511K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4513	−0.320%	$4.8M	$6.2M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4512	−0.332%	$6K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4513	−0.318%	$402K	$987K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4514	−0.305%	$36K	—	3x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4520	−0.165%	$304K	$839K	50x	as long as short
Lighter ONDO	+0.0336%	1h	0.4522	−0.112%	$1.4M	$2.2M	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4512	−0.342%	$3.2M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0584%	1h	0.4530	+0.062%	$373	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0616% / S −0.0203%	1h	0.4514	−0.292%	$561K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1138%	1h	0.4515	−0.274%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.9957%	1h	0.4504	−0.520%	$255K	$117K	5x	as long as short