Funding arb · Price arb /

ONDO

all ONDO markets

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: BingX against Variational Omni+0.030%7-day average −0.004% · you sell dearer than you buy

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

Long on Variational Omni Short on BingX

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)−0.243%−$24 · spread now +0.030%, 7d avg −0.004%

Together, before fees−0.222%+ Points / potential airdropVariational Omni: Active · farm board−$22 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: BingX is 0.033% dearer against Variational Omni than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ONDO	0.4384	0.0100	pay 0.0050% / 4h	21m 04s	$711K	$1.7M	—
Short	BingX ONDO-USDC	0.4385	0.0100	get 0.0050% / 4h	21m 04s	—	$763K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → −0.004%: $3.35
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$6.65
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; BingX: live order book, 23 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 Variational Omni RFQ quote, 3 min ago	5.69 bp	doesn't fit	12.5 bp −$125	doesn't fit	doesn't fit
Sell BingX live order book, 23 min ago	3.42 bp	65.5 bp −$65	100.4 bp −$1,004	718.2 bp −$71.8K	1046.9 bp −$523.5K

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	0.4385	+0.027%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4385	+0.033%	$2.6M	$7.8M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.204%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4390	+0.142%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4385	+0.030%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4388	+0.104%	$363K	$855K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4390	+0.146%	$37.6M	$24.7M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4387	+0.076%	$63.4M	$230.7M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4385	+0.030%	$67.8M	$126.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4388	+0.098%	$17.1M	$73.1M	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	0.4398	+0.317%	$72K	$85K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4385	+0.030%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4384	+0.007%	$11.6M	$16.4M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4386	+0.053%	$44.3M	$42.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4385	+0.030%	$12.7M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4387	+0.076%	$25.1M	$39.8M	50x	as long as short
BingX ONDO-USDCshort	+0.0100%	4h	0.4385	+0.030%	—	$763K	—
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4387	+0.069%	$187K	$977K	15x	as long as short
Variational Omni ONDOlong	+0.0100%	4h	0.4384	long leg	$711K	$1.7M	—
edgeX ONDOUSDC	+0.0100%	4h	0.4388	+0.101%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4390	+0.144%	$411K	$1.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4392	+0.190%	$135K	$355K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4389	+0.110%	$69K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4388	+0.098%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4387	+0.076%	$456	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4395	+0.258%	$127K	$430K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4386	+0.053%	$4.2M	$7.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4385	+0.037%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4386	+0.060%	$395K	$798K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4390	+0.133%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0208%	1h	0.4386	+0.055%	$361	$2K	10x	as long as short
Aster ONDOUSDT	+0.0225%	4h	0.4389	+0.121%	$759K	$2.5M	20x	as long as short
dYdX ONDO-USD	+0.0311%	1h	0.4384	+0.011%	$248K	$129K	5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4404	+0.463%	$272K	$730K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4387	+0.076%	$3.1M	$3.0M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4392	+0.180%	$35K	$223K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0434%	1h	0.4388	+0.098%	$18K	$367K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0607% / S −0.0219%	1h	0.4385	+0.027%	$521K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1152%	1h	0.4387	+0.085%	$2K	—	20x	as long as short