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: SunX against Variational Omni+0.140%7-day average +0.009% · you sell dearer than you buy

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

Long on Variational Omni Short on SunX

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)−0.184%−$18 · spread now +0.140%, 7d avg +0.009%

Together, before fees−0.164%+ Points / potential airdropVariational Omni: Active · farm board−$16 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: SunX is 0.131% dearer against Variational Omni than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ONDO	0.4409	0.0100	pay 0.0050% / 4h	2h 29m	$767K	$1.7M	—
Short	SunX ONDO-USDT	0.4415	0.0100	get 0.0050% / 4h	2h 29m	—	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.140%Rate

Funding earned: $0
Price spread: +0.140% → +0.009%: $13.09
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: $5.09
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; SunX: 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, 4 min ago	4.53 bp	doesn't fit	13.6 bp −$136	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	46.38 bp	66.5 bp −$66	doesn't fit	doesn't fit	doesn't fit

ONDO on 38 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	−0.0362%	1h	0.4416	+0.163%	$2.6M	$8.1M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4409	+0.011%	$250K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4415	+0.138%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.611%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4416	+0.163%	$24K	$6K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4420	+0.256%	$671K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4421	+0.276%	$64.4M	$231.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4419	+0.231%	$70.0M	$125.4M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4420	+0.254%	$17.1M	$75.9M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4406	−0.071%	$71K	$89K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4416	+0.159%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4420	+0.254%	$11.6M	$16.3M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4422	+0.299%	$44.2M	$42.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4423	+0.322%	$13.2M	$11.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4422	+0.299%	$25.1M	$40.4M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4420	+0.254%	—	$22.4M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4421	+0.267%	$202K	$1.0M	15x	as long as short
Variational Omni ONDOlong	+0.0100%	4h	0.4409	long leg	$767K	$1.7M	—
edgeX ONDOUSDC	+0.0100%	4h	0.4415	+0.145%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4398	−0.243%	$417K	$976K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4415	+0.140%	$136K	$371K	50x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4415	+0.129%	$395K	$853K	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4417	+0.183%	$93K	$1.4M	10x	as long as short
SunX ONDO-USDTshort	+0.0100%	4h	0.4415	+0.140%	—	$1.4M	20x
SoDEX ONDO-USD	+0.0100%	1h	0.4419	+0.231%	$459	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4424	+0.344%	$129K	$512K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4407	−0.038%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4421	+0.283%	$398K	$820K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4420	+0.253%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0203%	1h	0.4417	+0.186%	$23K	$349K	25x	as long as short
Hyperliquid ONDO	+0.0284%	1h	0.4425	+0.369%	$39.1M	$25.6M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4422	+0.299%	$284K	$757K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4411	+0.061%	$35K	$231K	10x	as long as short
01 Exchange ONDOUSD	+0.0352%	1h	0.4419	+0.229%	$364	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0551% / S −0.0190%	1h	0.4414	+0.125%	$487K	—	100x	as long as short
Phemex ONDOUSDT	+0.0797%	4h	0.4417	+0.186%	$4.2M	$7.4M	50x	as long as short
Lighter ONDO	+0.0816%	1h	0.4427	+0.403%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1147%	1h	0.4416	+0.158%	$2K	—	20x	as long as short