Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: edgeX against Variational Omni+0.119%74s7-day average +0.023% · you sell dearer than you buy

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

Long on Variational Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.119%, 7d avg +0.023%

Together, before fees−0.069%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board−$7 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: edgeX is 0.095% dearer against Variational Omni than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.023%. The two prices were read 74 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	0.4364	0.0100	pay 0.0050% / 4h	3h 22m	$713K	$1.7M	—
Short	edgeX ONDOUSDC	0.4369	0.0100	get 0.0050% / 4h	3h 22m	$4K	$315K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.119%Rate

Funding earned: $0
Price spread: +0.119% → +0.023%: $9.54
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $0.54
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; edgeX: live order book, 31 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, 2 min ago	4.59 bp	doesn't fit	11.5 bp −$115	doesn't fit	doesn't fit
Sell edgeX live order book, 31 min ago	4.53 bp	9.0 bp −$9	20.1 bp −$201	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	−0.0161%	1h	0.4351	−0.286%	$2.6M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4352	−0.271%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.682%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4354	−0.229%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4352	−0.268%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4347	−0.383%	$359K	$841K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4353	−0.241%	$62.9M	$230.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4350	−0.314%	$67.6M	$124.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4353	−0.245%	$17.0M	$72.1M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4363	−0.009%	$72K	$83K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4346	−0.414%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4350	−0.314%	$11.7M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4351	−0.291%	$43.1M	$42.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4348	−0.360%	$12.6M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4353	−0.245%	$24.9M	$39.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4353	−0.245%	—	$21.9M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4354	−0.231%	$183K	$980K	15x	as long as short
Variational Omni ONDOlong	+0.0100%	4h	0.4364	long leg	$713K	$1.7M	—
edgeX ONDOUSDCshort	+0.0100%	4h	0.4369	+0.119%	$4K	$315K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4364	−0.002%	$406K	$1.2M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4368	+0.099%	$135K	$353K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4351	−0.293%	$66K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4354	−0.222%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4354	−0.222%	$453	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4360	−0.085%	$129K	$432K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4356	−0.176%	$4.2M	$8.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4348	−0.367%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4345	−0.427%	$393K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4354	−0.222%	$38K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0160%	4h	0.4354	−0.222%	$786K	$2.6M	20x	as long as short
01 Exchange ONDOUSD	+0.0160%	1h	0.4345	−0.428%	$358	$2K	10x	as long as short
Hyperliquid ONDO	+0.0193%	1h	0.4355	−0.208%	$37.4M	$24.4M	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0210%	1h	0.4354	−0.222%	$18K	$362K	25x	as long as short
dYdX ONDO-USD	+0.0216%	1h	0.4349	−0.342%	$246K	$129K	5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4368	+0.099%	$248K	$725K	50x	as long as short
Phoenix ONDO	+0.0327%	1h	0.4368	+0.092%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4357	−0.153%	$3.1M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0555% / S −0.0193%	1h	0.4351	−0.286%	$484K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1154%	1h	0.4352	−0.268%	$2K	—	20x	as long as short