For the purposes of this fight, assume that Omega Red refrains from using his Death Spores unless/until Cyber gets taken out of the fight by the opposition.
If this is cyber at his prime he could solo this given time. They have no way of hurting him, his poison claws bypass healing factors and he has a healing factor of his own (which he doesnt need). Cyber is a walking plot device.
Omega red is also a beast and took on the entire xmen by himself. They guy got a tank thrown on him by colossus and ripped through it like it was nothing. Not a good fight if you ask me.
Omega red and cyber is on the same team and what if omega red coils two of there opponents then that leaves one of them to face cyber and basically get killed.
Then cyber could just walk up to the people that omega red has in his coils and beat them to death. Remember this, iron man, rogue, and colossus failed to break free from omega reds coils.