data as of
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Price arb /

ONDO

all ONDO markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k+$58
spread now+1.170%7d average+0.059%fees + slippage, in and out−$54spread needed0.536%
Long on ApeX OmniShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ONDOUSDT0.44520.0100pay 0.0013% / 1h50m 28s$181K$340K50x
ShortHyperliquid ONDO0.45040.0428get 0.0054% / 1h50m 28s$42.2M$27.0M10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$117.03
Funding while held
$9.85
Slippage, 4 orders
−$34.64
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$73.24
Spread needed to break even
0.536%
Slippage from ApeX Omni: live order book, 3 min ago; Hyperliquid: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
+0.0328%
Per $10,000 a day
+$9.85
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 3 min ago10.11 bp15.7 bp −$1630.4 bp −$304doesn't fitdoesn't fit
Sell Hyperliquid live order book, 4 min ago1.11 bp9.4 bp −$9doesn't fitdoesn't fitdoesn't fit

ONDO price on every exchange

against the cheapest. Click to use as the short leg.
ApeX Omni0.4452cheapest
edgeX0.4455+0.072%Ondo Perps0.4456+0.101%Injective0.4457+0.112%Variational Omni0.4476+0.547%Orderly0.4479+0.606%SunX0.4480+0.629%Deribit0.4482+0.674%BloFin0.4482+0.674%gTrade (Gains Network)0.4482+0.678%Aevo0.4483+0.694%Nado0.4483+0.702%GMX0.4483+0.704%Phoenix0.4485+0.741%SoDEX0.4485+0.741%Coinbase International0.4486+0.764%Phemex0.4486+0.764%Backpack0.4488+0.806%Kraken Futures0.4491+0.877%HTX0.4492+0.898%Aster0.4492+0.901%dYdX0.4492+0.903%KuCoin0.4493+0.921%Extended0.4494+0.939%Bybit0.4495+0.966%Gate0.4495+0.966%Paradex0.4495+0.976%OKX0.4496+0.988%MEXC0.4496+0.988%BingX0.4496+0.988%Reya0.4497+1.007%Binance0.4498+1.024%Bitget0.4498+1.033%RISEx0.4500+1.069%Polymarket Perps0.4500+1.078%Lighter0.4502+1.132%
Hyperliquid0.4504+1.170%

ONDO on 37 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
ApeX Omni ONDOUSDTlong0.000%+0.0100%1h$181K$340K50x
edgeX ONDOUSDC+0.072%+0.0100%4h$4K$315K20xas long as short
Ondo Perps ONDO-USD.P+0.101%+0.0100%1h$74K$100K10xas long as short
Injective ONDO/USDC PERP+0.112%+0.0824%1h$1K$88K5.5xas long as short
Variational Omni ONDO+0.547%+0.0100%4h$855K$1.9M—as long as short
Orderly PERP_ONDO_USDC+0.606%+0.0094%4h$25K$6K10xas long as short
SunX ONDO-USDT+0.629%+0.0100%4h—$1.3M20xas long as short
Deribit ONDO_USDC-PERPETUAL+0.674%0.0000%1h$36K$237K25xas long as short
BloFin ONDO-USDT+0.674%+0.0340%4h$3.4M$3.4M75xas long as short
gTrade (Gains Network) ONDO/USD+0.678%L +0.0003% / S −0.0007%1h$7K—150xas long as short
Show all 37 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aevo ONDO-PERP+0.694%+0.0104%1h$35K—3xas long as short
Nado ONDO-PERP+0.702%+0.0100%1h$454K$517K10xas long as short
GMX ONDO/USD [ETH-USDC]+0.704%L +0.0574% / S −0.0190%1h$511K—100xas long as short
Phoenix ONDO+0.741%+0.0035%1h$27K$206K10xas long as short
SoDEX ONDO-USD+0.741%+0.0100%1h$2K$8K10xas long as short
Coinbase International ONDO-PERP-INTX+0.764%+0.0488%1h$362K$791K50xas long as short
Phemex ONDOUSDT+0.764%+0.0100%4h$4.9M$4.6M50xas long as short
Backpack ONDO_USDC_PERP+0.806%+0.0100%1h$294K$613K15xas long as short
Kraken Futures PF_ONDOUSD+0.877%+0.0904%1h$3.5M$4.9M50xas long as short
HTX ONDO-USDT+0.898%+0.0100%4h$128K$618K50xas long as short
Aster ONDOUSDT+0.901%+0.0100%4h$695K$1.5M20xas long as short
dYdX ONDO-USD+0.903%+0.2549%1h$159K$11K5xas long as short
KuCoin ONDOUSDTM+0.921%+0.0100%4h$14.1M$10.2M50xas long as short
Extended ONDO-USD+0.939%+0.0104%1h$414K$1.1M25xas long as short
Bybit ONDOUSDT+0.966%+0.0100%4h$69.0M$111.5M50xas long as short
Gate ONDO_USDT+0.966%−0.0024%4h$11.8M$19.1M50xas long as short
Paradex ONDO-USD-PERP+0.976%+0.0100%8h$6K$910xas long as short
OKX ONDO-USDT-SWAP+0.988%+0.0100%4h$18.2M$79.3M50xas long as short
MEXC ONDO_USDT+0.988%+0.0100%4h$49.2M$44.0M200xas long as short
BingX ONDO-USDC+0.988%+0.0100%4h—$765K—as long as short
Reya ONDORUSDPERP+1.007%+0.1123%1h$2K—20xas long as short
Binance ONDOUSDT+1.024%+0.0100%4h$66.8M$214.9M75xas long as short
Bitget ONDOUSDT+1.033%+0.0100%4h$25.2M$42.4M50xas long as short
RISEx ONDO/USDC+1.069%+0.0100%1h——5xas long as short
Polymarket Perps ONDO-USD+1.078%+0.0100%1h$86K$953K10xas long as short
Lighter ONDO+1.132%+0.0448%1h$1.2M$1.9M10xas long as short
Hyperliquid ONDOshort+1.170%+0.0428%1h$42.2M$27.0M10x