Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Variational Omni against Aster+0.317%7-day average −0.057% · you sell dearer than you buy

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

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.025%−$2 on $10k

Price spread, last 3 days (all we have)−0.232%−$23 · spread now +0.317%, 7d avg −0.057%

Together, before fees−0.257%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board−$26 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: Variational Omni is 0.374% dearer against Aster than usual: you sell high and buy low, +$37 on $10k if it goes back to its 7-day average of −0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ONDOUSDT	0.4522	0.0100	pay 0.0050% / 4h	2h 23m	$765K	$2.0M	20x
Short	Variational Omni ONDO	0.4536	0.0100	get 0.0050% / 4h	2h 23m	$785K	$2.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aster. 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 AsterbpFee Variational OmnibpOrdersPrice spread, now +0.317%Rate

Funding earned: $0
Price spread: +0.317% → −0.057%: $37.41
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $29.41
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Aster: live order book, 4 min ago; Variational Omni: RFQ quote, just now. 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 Aster live order book, 4 min ago	1.10 bp	9.2 bp −$9	38.4 bp −$384	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, just now	5.53 bp	doesn't fit	14.4 bp −$144	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	−0.1125%	1h	0.4519	−0.068%	$3.0M	$7.7M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4523	+0.022%	$19K	$364K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4522	+0.011%	$6K	—	150x	as long as short
Phoenix ONDO	+0.0018%	1h	0.4529	+0.157%	$30K	$222K	10x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4522	0.000%	$1K	$132K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4521	−0.022%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4523	+0.028%	$426K	$678K	10x	as long as short
Aster ONDOUSDTlong	+0.0100%	4h	0.4522	long leg	$765K	$2.0M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4520	−0.035%	$66.7M	$220.3M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4518	−0.088%	$73.3M	$118.0M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4520	−0.044%	$17.7M	$79.9M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4534	+0.274%	$72K	$85K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4523	+0.021%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4521	−0.022%	$11.8M	$18.7M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4520	−0.044%	$47.6M	$45.5M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4521	−0.022%	$13.5M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4520	−0.044%	$25.6M	$41.2M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4520	−0.044%	—	$746K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4523	+0.029%	$193K	$971K	15x	as long as short
Variational Omni ONDOshort	+0.0100%	4h	0.4536	+0.317%	$785K	$2.0M	—
edgeX ONDOUSDC	+0.0100%	4h	0.4528	+0.134%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4529	+0.154%	$428K	$948K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4532	+0.221%	$160K	$331K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4522	+0.011%	$80K	$1.0M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4523	+0.022%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4521	−0.022%	$470	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4531	+0.199%	$128K	$515K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4522	0.000%	$4.8M	$6.3M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4522	+0.002%	$6K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4520	−0.045%	$403K	$980K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4523	+0.022%	$36K	—	3x	as long as short
Hyperliquid ONDO	+0.0249%	1h	0.4523	+0.031%	$40.4M	$27.8M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4539	+0.376%	$305K	$842K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4525	+0.066%	$3.2M	$3.0M	75x	as long as short
01 Exchange ONDOUSD	+0.0408%	1h	0.4527	+0.102%	$373	$2K	10x	as long as short
Lighter ONDO	+0.0544%	1h	0.4529	+0.155%	$1.4M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0616% / S −0.0203%	1h	0.4521	−0.015%	$562K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1139%	1h	0.4521	−0.014%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.9739%	1h	0.4524	+0.053%	$256K	$123K	5x	as long as short