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 HTX−0.436%7-day average −0.163% · you buy dearer than you sell

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

Long on HTX 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 3 days (all we have)+0.376%+$38 · spread now −0.436%, 7d avg −0.163%

Together, before fees+0.356%+ Points / potential airdropVariational Omni: Active · farm board+$36 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 0.273% cheaper against HTX than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of −0.163%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ONDO-USDT	0.4635	0.0100	pay 0.0050% / 4h	3h 34m	$136K	$497K	50x
Short	Variational Omni ONDO	0.4615	0.0100	get 0.0050% / 4h	3h 34m	$820K	$2.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 HTXbpFee Variational OmnibpOrdersPrice spread, now −0.436%Rate

Funding earned: $0
Price spread: −0.436% → −0.163%: −$27.33
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$39.33
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 39 min ago; Variational Omni: RFQ quote, 4 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 HTX live order book, 39 min ago	8.75 bp	49.6 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	4.37 bp	doesn't fit	15.3 bp −$153	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	−0.0862%	1h	0.4632	−0.066%	$2.8M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4635	−0.009%	$262K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4627	−0.170%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−1.446%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4628	−0.151%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4627	−0.173%	$434K	$710K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4639	+0.086%	$732K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4638	+0.065%	$69.5M	$225.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4637	+0.043%	$75.2M	$120.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4637	+0.043%	$17.8M	$80.1M	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	0.4632	−0.058%	$76K	$90K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4636	+0.023%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4636	+0.022%	$12.2M	$16.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4639	+0.086%	$50.3M	$41.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4640	+0.108%	$14.3M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4639	+0.086%	$26.3M	$39.8M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4637	+0.043%	—	$743K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4632	−0.060%	$231K	$1.0M	15x	as long as short
Variational Omni ONDOshort	+0.0100%	4h	0.4615	−0.436%	$820K	$2.0M	—
edgeX ONDOUSDC	+0.0100%	4h	0.4577	−1.254%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4573	−1.330%	$423K	$959K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4606	−0.626%	$174K	$338K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4631	−0.082%	$73K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4632	−0.065%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4632	−0.065%	$481	$14K	10x	as long as short
HTX ONDO-USDTlong	+0.0100%	4h	0.4635	long leg	$136K	$497K	50x
Phemex ONDOUSDT	+0.0100%	4h	0.4631	−0.086%	$4.6M	$7.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4637	+0.045%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4637	+0.050%	$412K	$836K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4634	−0.031%	$40K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0236%	1h	0.4645	+0.211%	$41.3M	$25.5M	10x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4578	−1.228%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0264%	1h	0.4642	+0.162%	$382	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4627	−0.173%	$300K	$828K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4632	−0.065%	$3.3M	$2.9M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0398%	1h	0.4630	−0.108%	$34K	$363K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0594% / S −0.0188%	1h	0.4628	−0.162%	$552K	—	100x	as long as short
Lighter ONDO	+0.0600%	1h	0.4646	+0.235%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1145%	1h	0.4627	−0.178%	$2K	—	20x	as long as short