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: Variational Omni against Binance+0.282%7-day average −0.023% · you sell dearer than you buy

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

Long on Binance Short on Variational Omni

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 4 days (all we have)+0.340%+$34 · spread now +0.282%, 7d avg −0.023%

Together, before fees+0.320%+ Points / potential airdropVariational Omni: Active · farm board+$32 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: Variational Omni is 0.305% dearer against Binance than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ONDOUSDT	0.4433	0.0100	pay 0.0050% / 4h	2h 43m	$65.2M	$228.8M	75x
Short	Variational Omni ONDO	0.4446	0.0100	get 0.0050% / 4h	2h 43m	$791K	$1.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Binance. 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 BinancebpFee Variational OmnibpOrdersPrice spread, now +0.282%Rate

Funding earned: $0
Price spread: +0.282% → −0.023%: $30.48
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $20.48
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: live order book, 15 min ago; Variational Omni: RFQ quote, 1 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 Binance live order book, 15 min ago	1.12 bp	9.4 bp −$9	16.6 bp −$166	61.0 bp −$6,098	479.0 bp −$239.5K
Sell Variational Omni RFQ quote, 1 min ago	4.51 bp	doesn't fit	15.8 bp −$158	doesn't fit	doesn't fit

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	−0.0359%	1h	0.4443	+0.219%	$2.7M	$8.1M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4440	+0.153%	$251K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0007%	1h	0.4430	−0.077%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.038%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4442	+0.196%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4434	+0.004%	$402K	$823K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4448	+0.327%	$684K	$2.2M	20x	as long as short
Binance ONDOUSDTlong	+0.0100%	4h	0.4433	long leg	$65.2M	$228.8M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4432	−0.030%	$71.3M	$122.9M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4434	+0.016%	$17.0M	$76.3M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4450	+0.386%	$73K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4431	−0.045%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4437	+0.083%	$11.7M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4432	−0.030%	$44.5M	$42.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4433	−0.007%	$13.4M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4432	−0.030%	$25.1M	$40.0M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4434	+0.016%	—	$22.3M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4448	+0.322%	$199K	$1.0M	15x	as long as short
Variational Omni ONDOshort	+0.0100%	4h	0.4446	+0.282%	$791K	$1.8M	—
edgeX ONDOUSDC	+0.0100%	4h	0.4458	+0.558%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4437	+0.084%	$409K	$962K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4459	+0.580%	$165K	$356K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4435	+0.031%	$77K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4444	+0.241%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4443	+0.219%	$462	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4444	+0.241%	$130K	$500K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4444	+0.235%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4437	+0.075%	$400K	$816K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4441	+0.171%	$39K	$13K	3x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0185% / S +0.0187%	1h	0.4437	+0.085%	$511K	—	100x	as long as short
Hyperliquid ONDO	+0.0253%	1h	0.4437	+0.076%	$39.2M	$25.5M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4469	+0.805%	$290K	$800K	50x	as long as short
01 Exchange ONDOUSD	+0.0336%	1h	0.4436	+0.058%	$365	$2K	10x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4452	+0.422%	$36K	$231K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4471	+0.850%	$3.2M	$3.0M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0425%	1h	0.4445	+0.264%	$23K	$349K	25x	as long as short
Lighter ONDO	+0.0712%	1h	0.4444	+0.248%	$1.4M	$2.1M	10x	as long as short
Phemex ONDOUSDT	+0.0749%	4h	0.4449	+0.354%	$4.2M	$7.3M	50x	as long as short
Reya ONDORUSDPERP	+0.1147%	1h	0.4433	−0.001%	$2K	—	20x	as long as short