Funding arb · Price arb /

ONT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.207%

Price spread now: Bybit against Variational Omni−0.244%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 Bybit

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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.244% cheaper against Variational Omni than usual: you would sell low and buy high, −$24 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 ONT	0.05582	0.0100	pay 0.0050% / 4h	2h 32m	$4K	$3K	—
Short	Bybit ONTUSDT	0.05568	0.0100	get 0.0050% / 4h	2h 32m	$789K	$326K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.244%Rate

Funding earned: $0
Price spread: −0.244% → 0.000%: −$24.43
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$35.43
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Bybit: live order book, 12 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 no order-book sample	—	—	—	—	—
Sell Bybit live order book, 12 min ago	2.68 bp	39.6 bp −$40	doesn't fit	doesn't fit	doesn't fit

Variational Omni: 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.

ONT on 12 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
BloFin ONT-USDT	+0.0067%	4h	0.05580	−0.029%	$129K	$14K	50x	as long as short
Aster ONTUSDT	+0.0100%	4h	0.05584	+0.035%	$26K	$537	5x	as long as short
Binance ONTUSDT	+0.0100%	4h	0.05581	−0.010%	$2.4M	$2.6M	50x	as long as short
Bybit ONTUSDTshort	+0.0100%	4h	0.05568	−0.244%	$789K	$326K	25x
OKX ONT-USDT-SWAP	+0.0100%	4h	0.05577	−0.083%	$782K	$898K	20x	as long as short
Gate ONT_USDT	+0.0100%	4h	0.05580	−0.029%	$172K	$60K	50x	as long as short
MEXC ONT_USDT	+0.0100%	4h	0.05581	−0.011%	$1.4M	$152K	50x	as long as short
KuCoin ONTUSDTM	+0.0100%	4h	0.05582	+0.007%	$514K	$38K	30x	as long as short
Bitget ONTUSDT	+0.0100%	4h	0.05581	−0.011%	$817K	$270K	50x	as long as short
BingX ONT-USDT	+0.0100%	4h	0.05577	−0.083%	—	$2.3M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ONTlong	+0.0100%	4h	0.05582	long leg	$4K	$3K	—
Kraken Futures PF_ONTUSD	+0.0899%	1h	0.05577	−0.092%	$9K	$359	10x	as long as short