Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
My profile →
My profile
Funding arb · Price arb / RWA

ONDS

RWAAll ONDS markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BybitONDSUSDT
7.507000.0000% / 8h37m 10s$547K$68K25xLong Bybit
SHORT
Variational OmniONDS
7.525800.0000% / 8h37m 10s$20K$75K20xShort Variational Omni+15% pts
Price gap+0.250%
Funding gap0.0000% /8h

Funding is ≈ 0, so this is a price-spread trade: +$25 on $10k if the gap goes back to zero (no 7-day history yet).

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding—0.0000% /8h now · no funding history yet
Price—spread +0.250% now · no price history on both exchanges yet
Costs−$3883.880% of $10k · taker + slippage, in and out
Result—+ Points / potential airdropVariational Omni: points · farm boardneeds funding history

Price and funding

1h · loading 5m…
PRICE SPREAD · 7D
Now+0.250%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

ONDS on 13 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • Watch: Thin at this size98.7 / 86.7 bp
    At $10k entering Bybit costs 98.7 bp, fee and slippage, 1.1× Variational Omni’s.
  • Note: Margin at max leverage$400 + $500
    Bybit 25x, Variational Omni 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval8h / 8h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: $0.00Long Bybit: 3 payments, $0.00; short Variational Omni: 3 payments, $0.00.
  • Note: No 7-day spread history+0.250%
    The gap cannot be compared with its average yet.
  • Watch: Short leg is thinner$20K vs $547K OI
    Variational Omni sets your exit cost. Check its book before closing.
  • OK: Points on a legVariational Omni points
    Volume here counts toward the points program.
  • Watch: KYCBybit Yes · Variational Omni No
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earnedno history yet: current rate$0.00
Price spread+0.250% → 0+$25.04
Slippage, 4 orderslive order books−$377.04
Fee Bybit bp × 2 orders−$11.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$363.00
Costs to cover3.880%Break-evennever at this rate
Slippage: Bybit: live order book, 12 min ago; Variational Omni: RFQ quote, 20 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit12.5398.7 bp−$99148.4 bp−$1,484doesn’t fitdoesn’t fit
SELL · SHORTVariational Omni8.6386.7 bp−$87161.0 bp−$1,610doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

ONDS news

posts that mention ONDS, from every exchangeSearch all news →
09-29 16:22Variational OmniListingOndas $ONDS perps are now live with zero fees and up to 20x leverage. @variational_io on X ↗
09-29 14:35Variational OmniListingnew market ONDS ($ONDS) seen by our collector