Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against Variational Omni−0.052%48s7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.052% cheaper against Variational Omni than usual: you would sell low and buy high, −$5 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ONDO	0.4468	0.0100	pay 0.0050% / 4h	2h 47m	$791K	$1.8M	—
Short	Aevo ONDO-PERP	0.4466	0.0104	get 0.0013% / 1h	47m 22s	$39K	$13K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Variational Omni. 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 Variational OmnibpFee AevobpOrdersPrice spread, now −0.052%Rate

Funding earned: $0.84
Price spread: −0.052% → 0.000%: −$5.16
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$20.32
Costs to cover: 0.160%
Break-even: 176.4 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Aevo: 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 Variational Omni RFQ quote, 2 min ago	4.48 bp	doesn't fit	15.7 bp −$157	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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.

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	−0.0358%	1h	0.4462	−0.123%	$2.7M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4454	−0.306%	$252K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0007%	1h	0.4454	−0.312%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+2.243%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4453	−0.331%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4459	−0.203%	$406K	$780K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4459	−0.187%	$686K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4456	−0.264%	$65.7M	$227.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4456	−0.264%	$71.8M	$122.4M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4453	−0.331%	$17.2M	$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	0.4464	−0.081%	$73K	$92K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4458	−0.212%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4455	−0.287%	$11.7M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4455	−0.287%	$45.1M	$41.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4457	−0.242%	$13.5M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4455	−0.287%	$25.2M	$39.9M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4455	−0.287%	—	$754K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4465	−0.056%	$202K	$1.0M	15x	as long as short
Variational Omni ONDOlong	+0.0100%	4h	0.4468	long leg	$791K	$1.8M	—
edgeX ONDOUSDC	+0.0100%	4h	0.4470	+0.059%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4470	+0.050%	$421K	$952K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4470	+0.049%	$165K	$356K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4457	−0.237%	$77K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4461	−0.152%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4463	−0.108%	$464	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4471	+0.071%	$131K	$500K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4461	−0.155%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4460	−0.167%	$402K	$816K	25x	as long as short
Aevo ONDO-PERPshort	+0.0104%	1h	0.4466	−0.052%	$39K	$13K	3x
Deribit ONDO_USDC-PERPETUAL	+0.0198%	1h	0.4462	−0.130%	$33K	$339K	25x	as long as short
Hyperliquid ONDO	+0.0249%	1h	0.4460	−0.175%	$39.4M	$25.4M	10x	as long as short
01 Exchange ONDOUSD	+0.0320%	1h	0.4461	−0.148%	$367	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4460	−0.175%	$290K	$798K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4476	+0.172%	$36K	$231K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4471	+0.071%	$3.2M	$3.0M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0581% / S −0.0186%	1h	0.4453	−0.337%	$532K	—	100x	as long as short
Lighter ONDO	+0.0608%	1h	0.4462	−0.123%	$1.4M	$2.1M	10x	as long as short
Phemex ONDOUSDT	+0.0633%	4h	0.4467	−0.018%	$4.3M	$7.2M	50x	as long as short
Reya ONDORUSDPERP	+0.1147%	1h	0.4456	−0.270%	$2K	—	20x	as long as short