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% APRpaid last 24h 0.000%

Price spread now: Paradex against Variational Omni+0.009%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 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 · Paradex: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ONDO	0.4339	0.0100	pay 0.0050% / 4h	2h 48m	$683K	$1.7M	—
Short	Paradex ONDO-USD-PERP	0.4339	0.0100	get 0.0100% / 8h	2h 48m	$6K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0.02
Price spread: +0.009% → 0.000%: $0.88
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$3.1
Costs to cover: 0.040%
Break-even: 998.3 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Paradex: 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, 1 min ago	4.61 bp	doesn't fit	11.5 bp −$115	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.0241%	1h	0.4336	−0.058%	$2.6M	$7.9M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4341	+0.059%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.284%	$888	$216K	5.5x	as long as short
dYdX ONDO-USD	+0.0044%	1h	0.4336	−0.058%	$248K	$133K	5x	as long as short
01 Exchange ONDOUSD	+0.0056%	1h	0.4343	+0.103%	$357	$2K	10x	as long as short
Lighter ONDO	+0.0096%	1h	0.4343	+0.094%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4338	−0.017%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4339	+0.012%	$352K	$875K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4343	+0.094%	$36.5M	$25.7M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4344	+0.128%	$778K	$2.6M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ONDOUSDT	+0.0100%	4h	0.4343	+0.107%	$62.6M	$234.3M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4340	+0.029%	$67.5M	$125.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4342	+0.075%	$17.1M	$72.7M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4333	−0.132%	$72K	$82K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4342	+0.075%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4340	+0.029%	$12.1M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4343	+0.098%	$43.5M	$41.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4341	+0.052%	$12.2M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4342	+0.075%	$24.9M	$39.9M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4343	+0.098%	—	$23.5M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4338	−0.017%	$176K	$983K	15x	as long as short
Variational Omni ONDOlong	+0.0100%	4h	0.4339	long leg	$683K	$1.7M	—
edgeX ONDOUSDC	+0.0100%	4h	0.4337	−0.043%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4341	+0.059%	$400K	$1.2M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4338	−0.017%	$134K	$355K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4343	+0.096%	$68K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4341	+0.052%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4339	+0.006%	$451	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4346	+0.167%	$128K	$428K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4338	−0.017%	$4.2M	$8.1M	50x	as long as short
Paradex ONDO-USD-PERPshort	+0.0100%	8h	0.4339	+0.009%	$6K	—	10x
Extended ONDO-USD	+0.0104%	1h	0.4341	+0.054%	$389K	$792K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4341	+0.052%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0211%	1h	0.4340	+0.029%	$18K	$362K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4346	+0.167%	$218K	$767K	50x	as long as short
Phoenix ONDO	+0.0332%	1h	0.4346	+0.174%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4339	+0.006%	$3.1M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0562% / S −0.0197%	1h	0.4341	+0.061%	$488K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1155%	1h	0.4341	+0.063%	$2K	—	20x	as long as short