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−$86
spread now−0.334%7d average+0.073%fees + slippage, in and out−$45spread needed0.453%
Long on BackpackShort on Phoenix
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack ONDO_USDC_PERP0.44370.0100pay 0.0013% / 1h14m 28s$222K$838K15x
ShortPhoenix ONDO0.44220.0036get 0.0004% / 1h14m 28s$28K$224K10x

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
−$33.36
Funding while held
−$1.93
Slippage, 4 orders
−$28.31
Fee Backpack: 5 bp × 2 orders
−$10
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$80.6
Spread needed to break even
0.453%
Slippage from Backpack: live order book, 36 min ago; Phoenix: live order book, 25 min ago.

Cost of waiting

funding view
Funding /8h
−0.0064%
Per $10,000 a day
−$1.93
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 Backpack live order book, 36 min ago2.90 bp11.0 bp −$11doesn't fitdoesn't fitdoesn't fit
Sell Phoenix live order book, 25 min ago0.91 bp12.7 bp −$1343.9 bp −$439doesn't fitdoesn't fit

ONDO price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni0.4407cheapestedgeX0.4410+0.066%ApeX Omni0.4415+0.179%Injective0.4419+0.269%Ondo Perps0.4420+0.285%Coinbase International0.4420+0.292%
Phoenix0.4422+0.333%
GMX0.4429+0.488%gTrade (Gains Network)0.4429+0.492%BloFin0.4429+0.496%Orderly0.4430+0.519%Deribit0.4432+0.564%Phemex0.4432+0.564%dYdX0.4432+0.573%SoDEX0.4433+0.587%Aevo0.4433+0.589%KuCoin0.4434+0.610%SunX0.4434+0.610%Paradex0.4435+0.632%Bybit0.4435+0.632%Gate0.4435+0.632%BingX0.4436+0.655%Extended0.4436+0.659%
Backpack0.4437+0.669%
Aster0.4437+0.684%RISEx0.4438+0.699%OKX0.4438+0.701%HTX0.4438+0.701%Nado0.4440+0.740%Kraken Futures0.4440+0.743%MEXC0.4440+0.746%Reya0.4441+0.763%Binance0.4441+0.774%Bitget0.4442+0.791%Polymarket Perps0.4442+0.791%Lighter0.4443+0.821%Hyperliquid0.4445+0.848%01 Exchange0.4445+0.859%

ONDO on 38 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni ONDO−0.664%+0.0100%4h$895K$2.0M—as long as short
edgeX ONDOUSDC−0.599%+0.0100%4h$5K$319K20xas long as short
ApeX Omni ONDOUSDT−0.487%+0.0100%1h$178K$372K50xas long as short
Injective ONDO/USDC PERP−0.397%+0.0015%1h$995$134K5.5xas long as short
Ondo Perps ONDO-USD.P−0.381%+0.0100%1h$73K$93K10xas long as short
Coinbase International ONDO-PERP-INTX−0.374%+0.0448%1h$344K$810K50xas long as short
Phoenix ONDOshort−0.334%+0.0036%1h$28K$224K10x
GMX ONDO/USD [ETH-USDC]−0.179%L +0.0565% / S −0.0190%1h$504K—100xas long as short
gTrade (Gains Network) ONDO/USD−0.175%L +0.0003% / S −0.0007%1h$7K—150xas long as short
BloFin ONDO-USDT−0.171%+0.0340%4h$3.4M$3.4M75xas long as short
Show all 38 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Orderly PERP_ONDO_USDC−0.149%+0.0093%4h$24K$6K10xas long as short
Deribit ONDO_USDC-PERPETUAL−0.104%+0.0653%1h$36K$238K25xas long as short
Phemex ONDOUSDT−0.104%+0.0100%4h$5.0M$5.2M50xas long as short
dYdX ONDO-USD−0.095%+0.8799%1h$246K$101K5xas long as short
SoDEX ONDO-USD−0.081%+0.0100%1h$461$15K10xas long as short
Aevo ONDO-PERP−0.080%+0.0104%1h$35K—3xas long as short
KuCoin ONDOUSDTM−0.059%+0.0100%4h$13.6M$10.6M50xas long as short
SunX ONDO-USDT−0.059%+0.0100%4h—$1.4M20xas long as short
Paradex ONDO-USD-PERP−0.036%+0.0100%8h$6K$910xas long as short
Bybit ONDOUSDT−0.036%+0.0100%4h$69.6M$118.7M50xas long as short
Gate ONDO_USDT−0.036%+0.0032%4h$11.6M$20.2M50xas long as short
BingX ONDO-USDT−0.014%+0.0100%4h—$23.7M—as long as short
Extended ONDO-USD−0.009%+0.0104%1h$375K$1.1M25xas long as short
Backpack ONDO_USDC_PERPlong0.000%+0.0100%1h$222K$838K15x
Aster ONDOUSDT+0.015%+0.0100%4h$707K$1.7M20xas long as short
RISEx ONDO/USDC+0.030%+0.0100%1h——5xas long as short
OKX ONDO-USDT-SWAP+0.032%+0.0100%4h$18.2M$82.9M50xas long as short
HTX ONDO-USDT+0.032%+0.0100%4h$129K$540K50xas long as short
Nado ONDO-PERP+0.071%+0.0100%1h$430K$573K10xas long as short
Kraken Futures PF_ONDOUSD+0.074%+0.0830%1h$3.5M$4.9M50xas long as short
MEXC ONDO_USDT+0.077%+0.0100%4h$47.8M$46.6M200xas long as short
Reya ONDORUSDPERP+0.093%+0.1126%1h$2K—20xas long as short
Binance ONDOUSDT+0.104%+0.0100%4h$66.9M$228.7M75xas long as short
Bitget ONDOUSDT+0.122%+0.0100%4h$25.2M$44.3M50xas long as short
Polymarket Perps ONDO-USD+0.122%+0.0100%1h$82K$1.0M10xas long as short
Lighter ONDO+0.151%+0.0592%1h$1.2M$2.0M10xas long as short
Hyperliquid ONDO+0.178%+0.0245%1h$40.3M$29.4M10xas long as short
01 Exchange ONDOUSD+0.189%+0.0344%1h$366$1K10xas long as short