Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h —

Price spread now: RISEx against Variational Omni+0.194%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 RISEx

What this pair did over the last

the charts below follow

Funding, last 7 days—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: RISEx is 0.194% dearer against Variational Omni than usual: you sell high and buy low, +$19 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	0.4377	0.0100	pay 0.0050% / 4h	13m 32s	$710K	$1.7M	—
Short	RISEx ONDO/USDC	0.4385	0.0100	get 0.0013% / 1h	13m 32s	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.194%Rate

Funding earned: $0
Price spread: +0.194% → 0.000%: $19.43
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: $13.43
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; RISEx: 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	4.57 bp	doesn't fit	9.1 bp −$91	doesn't fit	doesn't fit
Sell RISEx no order-book sample	—	—	—	—	—

RISEx: 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
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4385	+0.185%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4375	−0.032%	$2.6M	$7.8M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.370%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4387	+0.232%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4386	+0.212%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4386	+0.212%	$363K	$847K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4390	+0.294%	$37.8M	$24.8M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4387	+0.245%	$63.4M	$231.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4384	+0.166%	$67.8M	$126.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4385	+0.189%	$17.1M	$73.2M	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	0.4385	+0.193%	$72K	$84K	10x	as long as short
RISEx ONDO/USDCshort	+0.0100%	1h	0.4385	+0.194%	—	—	5x
Gate ONDO_USDT	+0.0100%	4h	0.4383	+0.143%	$11.6M	$16.4M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4386	+0.212%	$44.4M	$42.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4383	+0.143%	$12.7M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4386	+0.212%	$25.2M	$39.9M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4385	+0.189%	—	$763K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4377	−0.003%	$186K	$983K	15x	as long as short
Variational Omni ONDOlong	+0.0100%	4h	0.4377	long leg	$710K	$1.7M	—
edgeX ONDOUSDC	+0.0100%	4h	0.4378	+0.036%	$4K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4378	+0.030%	$408K	$1.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4378	+0.029%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4385	+0.193%	$68K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4377	+0.006%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4378	+0.029%	$455	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4389	+0.280%	$127K	$430K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4375	−0.040%	$4.2M	$7.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4386	+0.216%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4386	+0.207%	$395K	$798K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4380	+0.063%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0208%	1h	0.4387	+0.228%	$361	$2K	10x	as long as short
Aster ONDOUSDT	+0.0217%	4h	0.4387	+0.235%	$758K	$2.5M	20x	as long as short
dYdX ONDO-USD	+0.0257%	1h	0.4382	+0.120%	$248K	$129K	5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4379	+0.052%	$271K	$727K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4378	+0.029%	$3.1M	$3.0M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4382	+0.127%	$35K	$223K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0436%	1h	0.4379	+0.052%	$18K	$367K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0607% / S −0.0219%	1h	0.4384	+0.172%	$521K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1152%	1h	0.4387	+0.228%	$2K	—	20x	as long as short