Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0004%/8hpaid last 24h +0.001%

Price spread now: Aevo against Variational Omni+0.124%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 Aevo

What this pair did over the last

the charts below follow

Funding, last 3 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 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.124% dearer against Variational Omni than usual: you sell high and buy low, +$12 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	0.4404	0.0100	pay 0.0050% / 4h	7m 04s	$764K	$2.0M	—
Short	Aevo ONDO-PERP	0.4410	0.0104	get 0.0013% / 1h	7m 04s	$35K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Variational Omni. 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 Variational OmnibpFee AevobpOrdersPrice spread, now +0.124%Rate

Funding earned: $0.84
Price spread: +0.124% → 0.000%: $12.38
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$2.78
Costs to cover: 0.160%
Break-even: 30.2 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Aevo: 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	4.54 bp	doesn't fit	13.6 bp −$136	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	−0.0494%	1h	0.4407	+0.058%	$2.9M	$7.0M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4411	+0.156%	$6K	—	150x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4410	+0.127%	$6K	$9	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4409	+0.103%	$453K	$630K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4414	+0.216%	$753K	$1.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4411	+0.148%	$65.5M	$220.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4407	+0.057%	$69.4M	$113.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4408	+0.080%	$17.3M	$78.0M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4413	+0.196%	$72K	$88K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4411	+0.147%	—	—	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ONDO_USDT	+0.0100%	4h	0.4408	+0.080%	$11.6M	$18.8M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4411	+0.148%	$52.4M	$44.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4409	+0.103%	$13.4M	$9.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4411	+0.148%	$25.0M	$41.3M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4408	+0.080%	—	$750K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4412	+0.166%	$235K	$941K	15x	as long as short
Variational Omni ONDOlong	+0.0100%	4h	0.4404	long leg	$764K	$2.0M	—
edgeX ONDOUSDC	+0.0100%	4h	0.4409	+0.106%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4408	+0.077%	$411K	$816K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4409	+0.103%	$155K	$352K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4412	+0.171%	$71K	$995K	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4410	+0.125%	$24K	$8K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4411	+0.148%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4411	+0.148%	$458	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4415	+0.239%	$109K	$520K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4411	+0.148%	$4.9M	$5.9M	50x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4409	+0.095%	$386K	$946K	25x	as long as short
Aevo ONDO-PERPshort	+0.0104%	1h	0.4410	+0.124%	$35K	—	3x
Phoenix ONDO	+0.0127%	1h	0.4408	+0.089%	$28K	$251K	10x	as long as short
Injective ONDO/USDC PERP	+0.0131%	1h	0.4416	+0.262%	$994	$82K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0203%	1h	0.4413	+0.193%	$20K	$344K	25x	as long as short
Hyperliquid ONDO	+0.0225%	1h	0.4414	+0.216%	$39.0M	$26.0M	10x	as long as short
01 Exchange ONDOUSD	+0.0232%	1h	0.4414	+0.207%	$363	$2K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4407	+0.057%	$3.2M	$3.1M	75x	as long as short
Lighter ONDO	+0.0480%	1h	0.4419	+0.323%	$1.2M	$1.7M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0536%	1h	0.4416	+0.262%	$329K	$742K	50x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0608% / S −0.0203%	1h	0.4411	+0.151%	$548K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1135%	1h	0.4410	+0.134%	$2K	—	20x	as long as short
dYdX ONDO-USD	+1.1509%	1h	0.4409	+0.113%	$250K	$116K	5x	as long as short