ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.01 per $10,000 · paid last 24h −0.002%

Price spread now: Orderly against Variational Omni−0.499%7-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 Orderly

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: Orderly is 0.499% cheaper against Variational Omni than usual: you would sell low and buy high, −$50 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ONDO	0.4598	0.0100	pay 0.0050% / 4h	1h 14m	$787K	$2.0M	—
Short	Orderly PERP_ONDO_USDC	0.4575	0.0098	get 0.0049% / 4h	1h 14m	$25K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.499%Rate

Funding earned: −$0.44
Price spread: −0.499% → 0.000%: −$49.86
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$56.3
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, just now; Orderly: 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, just now	4.37 bp	doesn't fit	13.1 bp −$131	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.0352%	1h	0.4572	−0.553%	$2.8M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4573	−0.539%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDCshort	+0.0098%	4h	0.4575	−0.499%	$25K	$8K	10x
Nado ONDO-PERP	+0.0100%	1h	0.4576	−0.488%	$433K	$706K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4575	−0.504%	$734K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4573	−0.542%	$67.6M	$227.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4572	−0.564%	$74.1M	$122.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4572	−0.564%	$17.8M	$81.5M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4588	−0.214%	$75K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4573	−0.533%	—	—	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ONDO_USDT	+0.0100%	4h	0.4570	−0.607%	$12.0M	$18.7M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4574	−0.520%	$49.3M	$44.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4573	−0.542%	$13.8M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4573	−0.542%	$26.0M	$41.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4573	−0.542%	—	$22.6M	—	as long as short
Variational Omni ONDOlong	+0.0100%	4h	0.4598	long leg	$787K	$2.0M	—
edgeX ONDOUSDC	+0.0100%	4h	0.4603	+0.121%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4600	+0.041%	$424K	$947K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4607	+0.197%	$165K	$317K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4575	−0.501%	$68K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4575	−0.499%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4573	−0.542%	$475	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4579	−0.412%	$133K	$505K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4573	−0.542%	$4.8M	$6.5M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4574	−0.524%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4571	−0.584%	$409K	$855K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4578	−0.422%	$44K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4601	+0.060%	$37K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4568	−0.651%	$888	$216K	5.5x	as long as short
Backpack ONDO_USDC_PERP	+0.0152%	1h	0.4575	−0.507%	$231K	$1.0M	15x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4595	−0.064%	$301K	$862K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4583	−0.325%	$3.2M	$3.2M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0406%	1h	0.4578	−0.433%	$31K	$432K	25x	as long as short
01 Exchange ONDOUSD	+0.0408%	1h	0.4577	−0.453%	$377	$2K	10x	as long as short
Hyperliquid ONDO	+0.0422%	1h	0.4574	−0.520%	$40.7M	$27.1M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0587% / S −0.0187%	1h	0.4573	−0.550%	$545K	—	100x	as long as short
Lighter ONDO	+0.0712%	1h	0.4583	−0.327%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1141%	1h	0.4575	−0.491%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.4745%	1h	0.4575	−0.490%	$259K	$129K	5x	as long as short