Funding you earn now, next payment 01:00 UTC+0.0189%/8h= +20.7% APRpaid last 24h +0.008%
Price spread now: Variational Omni against Ondo Perps−0.016%7-day average +0.071% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.018%+$2 on $10k
+Price spread, last 4 days (all we have)+0.766%+$77 · spread now −0.016%, 7d avg +0.071%
=Together, before fees+0.784%+ Points / potential airdropOndo Perps: Active · Variational Omni: Active · farm board+$78 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.087% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.016% now, against its 7-day average of +0.071%). If the spread goes back, that is −$9 on $10k: about 37 hours of funding at the current rate (+$6 a day). At the pace of the last 3 days (+0.018% in total) that is about 16 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.018% in total (about 2.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps NBIS-USD.P | 236.13 | 0.0050 | pay 0.0006% / 1h | 23m 19s | $176K | $505K | 10x |
| Short | Variational Omni NBIS | 236.09 | 0.0240 | get 0.0240% / 8h | 7h 23m | $2.9M | $820K | — |
Ondo Perps NBIS-USD.P
Variational Omni NBISFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Ondo Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $39.72
- Price spread: −0.016% → +0.071%
- −$8.7
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $26.02
- Costs to cover
- 0.050%
- Break-even
- 2.4 days
Slippage unknown: Ondo Perps: no order-book sample; Variational Omni: RFQ quote, 1 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 1 min ago | 3.67 bp | doesn't fit | 29.0 bp −$290 | doesn't fit | doesn't fit |
Ondo Perps: 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.
NBIS on 31 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_NBISUSD | −0.0178% | 1h | 235.58 | −0.232% | $24K | $15K | 20x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 235.63 | −0.212% | $3.4M | $16.8M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 235.64 | −0.208% | $2.8M | $5.1M | 50x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 235.91 | −0.093% | $1K | $1.7M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 235.57 | −0.237% | $35K | $48K | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 235.58 | −0.233% | $15K | $112K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 235.70 | −0.182% | $1.6M | $973K | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0016% | 1h | 236.05 | −0.034% | $386K | $739K | 10x | as long as short |
| QFEX NBIS-USD | +0.0038% | 1h | 235.57 | −0.237% | $1.5M | $4.9M | 10x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 235.98 | −0.064% | — | $224K | 5x | as long as short |
Kraken Futures PF_NBISUSD
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
SunX NBIS-USDT
Deribit NBIS_USDC-PERPETUAL
HTX NBIS-USDT
Phemex NBISUSDT
Coinbase International NBIS-PERP-INTX
QFEX NBIS-USD
Vest NBIS-USD-PERPShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit NBISUSDT | +0.0049% | 8h | 235.63 | −0.212% | $5.1M | $6.5M | 50x | as long as short |
| Ondo Perps NBIS-USD.Plong | +0.0050% | 1h | 236.13 | long leg | $176K | $505K | 10x | |
| KuCoin NBISUSDTM | +0.0100% | 8h | 235.40 | −0.309% | $485K | $23K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 235.58 | −0.233% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 235.60 | −0.223% | — | — | 10x | as long as short |
| Bitget NBISUSDT | +0.0108% | 8h | 235.70 | −0.182% | $2.5M | $4.6M | 20x | as long as short |
| SoDEX NBIS-USD | +0.0131% | 1h | 235.67 | −0.195% | $52 | $20K | 10x | as long as short |
| Nado NBIS-PERP | +0.0182% | 1h | 235.47 | −0.278% | $31K | $66K | 3x | as long as short |
| edgeX NBISUSDC | +0.0184% | 4h | 235.95 | −0.077% | $38K | $228K | 10x | as long as short |
| Variational Omni NBISshort | +0.0240% | 8h | 236.09 | −0.016% | $2.9M | $820K | — | |
| Aster NBISUSDT | +0.0248% | 8h | 235.67 | −0.194% | $81K | $308K | 50x | as long as short |
| BloFin NBIS-USDT | +0.0255% | 8h | 235.72 | −0.174% | $207K | $211K | 20x | as long as short |
| Binance NBISUSDT | +0.0270% | 8h | 235.53 | −0.253% | $19.6M | $85.6M | 25x | as long as short |
| Extended NBIS-USD | +0.0272% | 1h | 235.49 | −0.271% | $151K | $812K | 10x | as long as short |
| Polymarket Perps NBIS-USD | +0.0311% | 1h | 235.66 | −0.199% | $134K | $444K | 10x | as long as short |
| Lighter NBIS | +0.0328% | 1h | 235.79 | −0.144% | $926K | $4.5M | 10x | as long as short |
| Arcus NBIS-USD | +0.0366% | 1h | 235.76 | −0.157% | $44K | $132K | 5x | as long as short |
| Phoenix NBIS | +0.0409% | 1h | 235.89 | −0.102% | $7K | $163K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0409% | 1h | 235.57 | −0.237% | $55.1M | $23.7M | 10x | as long as short |
| GRVT NBIS_USDT_Perp | +0.0446% | 8h | 236.00 | −0.055% | $5K | $132K | 10x | as long as short |
| Entropy io:NBIS | +0.0870% | 1h | 235.75 | −0.161% | $10.3M | $3.4M | 10x | as long as short |
Bybit NBISUSDT
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Bitget NBISUSDT
SoDEX NBIS-USD
Nado NBIS-PERP
edgeX NBISUSDC
Aster NBISUSDT
BloFin NBIS-USDT
Binance NBISUSDT
Extended NBIS-USD
Polymarket Perps NBIS-USD
Lighter NBIS
Arcus NBIS-USD
Phoenix NBIS
tradeXYZ xyz:NBIS
GRVT NBIS_USDT_Perp
Entropy io:NBIS