Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.054%

Price spread now: 01 Exchange against Variational Omni−0.203%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 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 · farm boardneeds both histories

Funding pays, the price is against you. 01 Exchange is 0.203% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.203% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 10.0 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ONDO	0.4351	0.0100	pay 0.0050% / 4h	3h 12m	$689K	$1.7M	—
Short	01 Exchange ONDOUSD	0.4342	0.0168	get 0.0021% / 1h	12m 21s	$357	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.203%Rate

Funding earned: $14.28
Price spread: −0.203% → 0.000%: −$20.32
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$13.04
Costs to cover: 0.070%
Break-even: 13.4 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; 01 Exchange: 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, 2 min ago	4.60 bp	doesn't fit	11.5 bp −$115	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
Kraken Futures PF_ONDOUSD	−0.0161%	1h	0.4346	−0.105%	$2.6M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4336	−0.343%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.994%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4349	−0.047%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4335	−0.362%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4342	−0.201%	$358K	$843K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4338	−0.286%	$62.6M	$231.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4333	−0.408%	$67.4M	$125.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4335	−0.362%	$17.0M	$72.2M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4348	−0.056%	$72K	$83K	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	0.4343	−0.188%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4336	−0.339%	$12.0M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4339	−0.270%	$43.0M	$42.2M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4336	−0.339%	$12.6M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4341	−0.224%	$24.8M	$39.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4337	−0.316%	—	$23.5M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4348	−0.070%	$183K	$978K	15x	as long as short
Variational Omni ONDOlong	+0.0100%	4h	0.4351	long leg	$689K	$1.7M	—
edgeX ONDOUSDC	+0.0100%	4h	0.4354	+0.072%	$4K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4354	+0.067%	$406K	$1.2M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4356	+0.121%	$134K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4342	−0.194%	$65K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4348	−0.063%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4348	−0.063%	$452	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4354	+0.075%	$128K	$423K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4349	−0.040%	$4.2M	$8.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4343	−0.167%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4342	−0.201%	$391K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4350	−0.008%	$38K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0145%	4h	0.4339	−0.275%	$784K	$2.6M	20x	as long as short
Hyperliquid ONDO	+0.0156%	1h	0.4341	−0.224%	$36.9M	$25.0M	10x	as long as short
01 Exchange ONDOUSDshort	+0.0168%	1h	0.4342	−0.203%	$357	$2K	10x
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4343	−0.178%	$219K	$765K	50x	as long as short
Phoenix ONDO	+0.0327%	1h	0.4356	+0.116%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4349	−0.040%	$3.1M	$3.0M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0440%	1h	0.4349	−0.040%	$18K	$362K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0554% / S −0.0193%	1h	0.4336	−0.347%	$483K	—	100x	as long as short
dYdX ONDO-USD	+0.1039%	1h	0.4344	−0.150%	$246K	$129K	5x	as long as short
Reya ONDORUSDPERP	+0.1154%	1h	0.4340	−0.253%	$2K	—	20x	as long as short