Funding arb · Price arb /

URNM

RWAall URNM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.018%

Price spread now: Variational Omni against Ondo Perps−0.065%7-day average — · you buy dearer than you sell

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

Long on Ondo Perps Short on Variational Omni

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 airdropOndo Perps: Active · Variational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.065% cheaper against Ondo Perps than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps URNM-USD.P	52.150	0.0050	pay 0.0006% / 1h	54m 28s	$2K	$3K	5x
Short	Variational Omni URNM	52.116	0	get 0.0000% / 8h	2h 54m	$95K	$5K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Ondo Perps. 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 Ondo PerpsbpFee Variational OmnibpOrdersPrice spread, now −0.065%Rate

Funding earned: −$10.58
Price spread: −0.065% → 0.000%: −$6.54
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$22.13
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Variational Omni: 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Ondo Perps and 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.

URNM on 13 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 URNM-USDT	−0.0028%	8h	52.200	+0.096%	$53K	$2K	20x	as long as short
Aster URNMUSDT	0.0000%	8h	52.146	−0.008%	$17K	$629	20x	as long as short
Binance URNMUSDT	0.0000%	8h	52.160	+0.019%	$720K	$754K	20x	as long as short
OKX URNM-USDT-SWAP	0.0000%	8h	52.160	+0.019%	$217K	$88K	20x	as long as short
Gate URNM_USDT	0.0000%	8h	52.170	+0.038%	$81K	$3K	20x	as long as short
MEXC URNM_USDT	0.0000%	8h	52.120	−0.058%	$407K	$127K	50x	as long as short
Variational Omni URNMshort	0.0000%	8h	52.116	−0.065%	$95K	$5K	—
GRVT URNM_USDT_Perp	0.0000%	8h	52.140	−0.019%	$2K	$119K	10x	as long as short
SunX URNM-USDT	0.0000%	8h	52.080	−0.134%	$1K	$1.3M	10x	as long as short
HTX URNM-USDT	0.0000%	8h	52.110	−0.077%	$5K	$3K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:URNM	+0.0050%	1h	52.110	−0.077%	$1.4M	$422K	10x	as long as short
Ondo Perps URNM-USD.Plong	+0.0050%	1h	52.150	long leg	$2K	$3K	5x
Pacifica URNM	+0.0100%	1h	52.139	−0.022%	$25K	$13K	10x	as long as short