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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 KuCoin−0.143%7-day average −0.024% · you buy dearer than you sell

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

Long on KuCoin 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)+0.305%+$31 · spread now −0.143%, 7d avg −0.024%

Together, before fees+0.285%+ Points / potential airdropVariational Omni: Active · farm board+$28 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 0.119% cheaper against KuCoin than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ONDOUSDTM	0.4383	0.0100	pay 0.0050% / 4h	13m 41s	$12.7M	$10.7M	50x
Short	Variational Omni ONDO	0.4377	0.0100	get 0.0050% / 4h	13m 41s	$710K	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. 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 KuCoinbpFee Variational OmnibpOrdersPrice spread, now −0.143%Rate

Funding earned: $0
Price spread: −0.143% → −0.024%: −$11.89
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$23.89
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 5 min ago; Variational Omni: RFQ quote, just now. 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 KuCoin live order book, 5 min ago	1.14 bp	19.7 bp −$20	50.2 bp −$502	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, just now	4.57 bp	doesn't fit	18.3 bp −$183	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
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4375	−0.186%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4375	−0.175%	$2.6M	$7.8M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.221%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4387	+0.089%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4375	−0.183%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4378	−0.114%	$362K	$846K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4389	+0.128%	$37.8M	$24.8M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4387	+0.086%	$63.4M	$231.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4385	+0.046%	$67.7M	$126.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4386	+0.068%	$17.0M	$73.2M	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	0.4385	+0.050%	$72K	$84K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4385	+0.051%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4384	+0.023%	$11.6M	$16.4M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4384	+0.023%	$44.4M	$42.0M	200x	as long as short
KuCoin ONDOUSDTMlong	+0.0100%	4h	0.4383	long leg	$12.7M	$10.7M	50x
Bitget ONDOUSDT	+0.0100%	4h	0.4386	+0.068%	$25.2M	$39.9M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4385	+0.046%	—	$763K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4377	−0.146%	$186K	$983K	15x	as long as short
Variational Omni ONDOshort	+0.0100%	4h	0.4377	−0.143%	$710K	$1.7M	—
edgeX ONDOUSDC	+0.0100%	4h	0.4378	−0.107%	$4K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4381	−0.046%	$409K	$1.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4376	−0.160%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4378	−0.105%	$68K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4377	−0.137%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4378	−0.114%	$455	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4389	+0.137%	$127K	$430K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4375	−0.183%	$4.2M	$7.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4386	+0.073%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4386	+0.064%	$395K	$798K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4380	−0.080%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0208%	1h	0.4387	+0.084%	$361	$2K	10x	as long as short
Aster ONDOUSDT	+0.0217%	4h	0.4379	−0.084%	$757K	$2.5M	20x	as long as short
dYdX ONDO-USD	+0.0257%	1h	0.4382	−0.023%	$248K	$129K	5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4379	−0.091%	$271K	$727K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4378	−0.114%	$3.1M	$3.0M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4382	−0.014%	$35K	$223K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0436%	1h	0.4379	−0.091%	$18K	$367K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0606% / S −0.0219%	1h	0.4373	−0.220%	$520K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1152%	1h	0.4378	−0.120%	$2K	—	20x	as long as short