Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0316%/8h= +34.6% APRpaid last 24h +0.059%

Price spread now: 01 Exchange against Variational Omni−0.349%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on 01 Exchange

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 pays, the price is against you. 01 Exchange is 0.349% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.349% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$35 on $10k: about 3.7 days of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ONDO	0.4598	0.0100	pay 0.0050% / 4h	1h 14m	$787K	$2.0M	—
Short	01 Exchange ONDOUSD	0.4582	0.0416	get 0.0052% / 1h	14m 57s	$377	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Variational Omni. 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 Variational OmnibpFee 01 ExchangebpOrdersPrice spread, now −0.349%Rate

Funding earned: $66.36
Price spread: −0.349% → 0.000%: −$34.85
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $24.51
Costs to cover: 0.070%
Break-even: 4.4 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; 01 Exchange: 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, 4 min ago	4.33 bp	doesn't fit	13.0 bp −$130	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	−0.0351%	1h	0.4578	−0.423%	$2.8M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4579	−0.409%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4579	−0.412%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4580	−0.390%	$434K	$706K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4584	−0.310%	$735K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4581	−0.365%	$67.7M	$226.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4578	−0.433%	$74.2M	$122.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4574	−0.520%	$17.9M	$81.6M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4590	−0.179%	$75K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4575	−0.501%	—	—	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	0.4579	−0.412%	$12.0M	$18.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4580	−0.390%	$49.4M	$44.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4580	−0.390%	$13.8M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4580	−0.390%	$26.0M	$41.9M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4581	−0.368%	—	$742K	—	as long as short
Variational Omni ONDOlong	+0.0100%	4h	0.4598	long leg	$787K	$2.0M	—
edgeX ONDOUSDC	+0.0100%	4h	0.4603	+0.121%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4600	+0.041%	$424K	$947K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4607	+0.197%	$165K	$317K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4581	−0.359%	$71K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4580	−0.390%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4580	−0.390%	$476	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4602	+0.089%	$134K	$505K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4579	−0.412%	$4.8M	$6.5M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4578	−0.441%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4579	−0.421%	$411K	$855K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4583	−0.320%	$45K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4601	+0.060%	$37K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4568	−0.651%	$888	$216K	5.5x	as long as short
Backpack ONDO_USDC_PERP	+0.0151%	1h	0.4583	−0.322%	$231K	$1.0M	15x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0187%	1h	0.4581	−0.368%	$31K	$432K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4595	−0.064%	$301K	$864K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4583	−0.325%	$3.2M	$3.2M	75x	as long as short
01 Exchange ONDOUSDshort	+0.0416%	1h	0.4582	−0.349%	$377	$2K	10x
Hyperliquid ONDO	+0.0429%	1h	0.4586	−0.268%	$41.0M	$26.7M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0588% / S −0.0187%	1h	0.4579	−0.415%	$546K	—	100x	as long as short
Lighter ONDO	+0.0712%	1h	0.4589	−0.185%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1141%	1h	0.4580	−0.382%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.4587%	1h	0.4575	−0.491%	$259K	$129K	5x	as long as short