ONDO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Variational Omni against Polymarket Perps+0.229%7-day average −0.075% · you sell dearer than you buy

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

Long on Polymarket Perps Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.026%−$3 on $10k

Price spread, last 4 days (all we have)−0.404%−$40 · spread now +0.229%, 7d avg −0.075%

Together, before fees−0.430%+ Points / potential airdropVariational Omni: Active · farm board−$43 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 0.304% dearer against Polymarket Perps than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of −0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ONDO-USD	0.4420	0.0100	pay 0.0013% / 1h	13m 04s	$68K	$1.3M	10x
Short	Variational Omni ONDO	0.4430	0.0100	get 0.0050% / 4h	1h 13m	$718K	$1.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Polymarket Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Polymarket PerpsbpFee Variational OmnibpOrdersPrice spread, now +0.229%Rate

Funding earned: $0
Price spread: +0.229% → −0.075%: $30.4
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $22.4
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Polymarket Perps: live order book, 5 min ago; 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 Polymarket Perps live order book, 5 min ago	1.69 bp	5.7 bp −$6	5.8 bp −$58	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	5.66 bp	doesn't fit	12.4 bp −$124	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
dYdX ONDO-USD	+0.0001%	1h	0.4418	−0.031%	$250K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4414	−0.120%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.360%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4410	−0.205%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4411	−0.192%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4419	−0.017%	$373K	$837K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4411	−0.191%	$64.2M	$225.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4408	−0.260%	$69.9M	$122.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4410	−0.215%	$17.1M	$71.7M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4426	+0.140%	$73K	$86K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4417	−0.051%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4409	−0.238%	$11.6M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4409	−0.238%	$47.6M	$41.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4412	−0.170%	$12.9M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4406	−0.305%	$25.2M	$39.5M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4409	−0.238%	—	$760K	—	as long as short
Variational Omni ONDOshort	+0.0100%	4h	0.4430	+0.229%	$718K	$1.8M	—
edgeX ONDOUSDC	+0.0100%	4h	0.4435	+0.351%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4435	+0.361%	$414K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4436	+0.373%	$136K	$354K	50x	as long as short
Polymarket Perps ONDO-USDlong	+0.0100%	1h	0.4420	long leg	$68K	$1.3M	10x
SunX ONDO-USDT	+0.0100%	4h	0.4419	−0.011%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4412	−0.170%	$459	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4420	+0.011%	$130K	$474K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4409	−0.238%	$4.2M	$7.7M	50x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4408	−0.257%	$398K	$792K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4414	−0.124%	$38K	$13K	3x	as long as short
Paradex ONDO-USD-PERP	+0.0104%	8h	0.4418	−0.039%	$6K	—	10x	as long as short
Hyperliquid ONDO	+0.0141%	1h	0.4411	−0.188%	$38.2M	$24.3M	10x	as long as short
Aster ONDOUSDT	+0.0186%	4h	0.4413	−0.147%	$710K	$2.3M	20x	as long as short
Backpack ONDO_USDC_PERP	+0.0189%	1h	0.4409	−0.240%	$191K	$979K	15x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0203%	1h	0.4413	−0.147%	$23K	$349K	25x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4427	+0.161%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4414	−0.124%	$3.2M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0352%	1h	0.4420	+0.016%	$364	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4422	+0.057%	$281K	$727K	50x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0552% / S −0.0190%	1h	0.4413	−0.149%	$487K	—	100x	as long as short
Lighter ONDO	+0.0848%	1h	0.4420	+0.009%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1150%	1h	0.4417	−0.064%	$2K	—	20x	as long as short