Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Variational Omni−0.221%7-day average +0.024% · you buy dearer than you sell

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.020%+$2 on $10k

Price spread, last 3 days (all we have)+0.222%+$22 · spread now −0.221%, 7d avg +0.024%

Together, before fees+0.242%+ Points / potential airdropVariational Omni: Active · farm board+$24 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: Binance is 0.245% cheaper against Variational Omni than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ONDO	0.4599	0.0100	pay 0.0050% / 4h	3h 07m	$817K	$1.9M	—
Short	Binance ONDOUSDT	0.4589	0.0100	get 0.0050% / 4h	3h 07m	$68.7M	$221.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.221%Rate

Funding earned: $0
Price spread: −0.221% → +0.024%: −$24.46
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$34.46
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Binance: live order book, 6 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 Variational Omni RFQ quote, 2 min ago	5.43 bp	doesn't fit	12.0 bp −$120	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	1.08 bp	8.4 bp −$8	14.9 bp −$149	52.1 bp −$5,210	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	−0.0869%	1h	0.4594	−0.101%	$2.8M	$7.9M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4594	−0.098%	$260K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4591	−0.169%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−0.668%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4591	−0.168%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4597	−0.032%	$431K	$705K	10x	as long as short
Binance ONDOUSDTshort	+0.0100%	4h	0.4589	−0.221%	$68.7M	$221.1M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4586	−0.277%	$73.9M	$119.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4587	−0.255%	$17.6M	$77.5M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4593	−0.127%	$73K	$91K	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	0.4593	−0.124%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4587	−0.255%	$12.1M	$16.8M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4591	−0.168%	$49.2M	$42.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4589	−0.212%	$14.2M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4591	−0.168%	$26.1M	$38.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4588	−0.234%	—	$22.0M	—	as long as short
Variational Omni ONDOlong	+0.0100%	4h	0.4599	long leg	$817K	$1.9M	—
edgeX ONDOUSDC	+0.0100%	4h	0.4603	+0.103%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4601	+0.055%	$425K	$967K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4604	+0.114%	$172K	$332K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4597	−0.038%	$74K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4594	−0.103%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4594	−0.103%	$478	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4600	+0.027%	$135K	$492K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4595	−0.081%	$4.5M	$7.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4598	−0.013%	$7K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4589	−0.204%	$417K	$823K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4596	−0.059%	$40K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0105%	4h	0.4593	−0.125%	$724K	$2.1M	20x	as long as short
Backpack ONDO_USDC_PERP	+0.0114%	1h	0.4595	−0.081%	$231K	$1.0M	15x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4601	+0.038%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0280%	1h	0.4597	−0.044%	$378	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4591	−0.168%	$300K	$816K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4598	−0.016%	$3.3M	$3.0M	75x	as long as short
Hyperliquid ONDO	+0.0377%	1h	0.4599	0.000%	$40.9M	$24.8M	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0403%	1h	0.4594	−0.103%	$34K	$340K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0591% / S −0.0188%	1h	0.4591	−0.168%	$548K	—	100x	as long as short
Lighter ONDO	+0.0680%	1h	0.4604	+0.108%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1146%	1h	0.4595	−0.087%	$2K	—	20x	as long as short