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Price arb /

ONDO

all ONDO markets
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Spread before costs (cost unknown: a leg has no order-book sample)−0.375%
7d average−0.243%if it closes, per $10,000$37funding while held, a day−$10.44
Long on Coinbase InternationalShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International ONDO-PERP-INTX0.44560.0448pay 0.0056% / 1h6m 21s$347K$817K50x
ShortVariational Omni ONDO0.44390.0100get 0.0050% / 4h6m 21s$901K$2.0M—

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
−$37.48
Funding while held
−$10.44
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$57.92
Spread needed to break even
0.100%
Slippage unknown: Coinbase International: live order book, 43 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0348%
Per $10,000 a day
−$10.44
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 Coinbase International live order book, 43 min ago10.04 bp19.1 bp −$1951.8 bp −$518doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 4 min ago5.63 bpdoesn't fit10.1 bp −$101doesn't fitdoesn't fit

ONDO price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.4419cheapest
Variational Omni0.4439+0.459%
Ondo Perps0.4441+0.496%Phemex0.4441+0.498%HTX0.4442+0.520%Backpack0.4442+0.523%dYdX0.4443+0.541%Bybit0.4443+0.543%OKX0.4444+0.566%ApeX Omni0.4444+0.566%BloFin0.4444+0.566%Extended0.4445+0.581%SoDEX0.4445+0.588%edgeX0.4445+0.591%Gate0.4446+0.611%Orderly0.4446+0.611%GMX0.4446+0.615%Nado0.4446+0.622%Deribit0.4447+0.634%gTrade (Gains Network)0.4448+0.653%Aevo0.4448+0.655%Bitget0.4448+0.656%BingX0.4448+0.656%Paradex0.4448+0.657%Reya0.4449+0.673%Binance0.4449+0.679%MEXC0.4449+0.679%KuCoin0.4449+0.679%Phoenix0.4449+0.679%Aster0.4450+0.702%Polymarket Perps0.4450+0.702%SunX0.4450+0.702%RISEx0.4450+0.711%Kraken Futures0.4452+0.738%Hyperliquid0.4454+0.783%01 Exchange0.4454+0.797%Lighter0.4456+0.831%
Coinbase International0.4456+0.837%

ONDO on 38 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective ONDO/USDC PERP−0.830%+0.0015%1h$995$134K5.5xas long as short
Variational Omni ONDOshort−0.375%+0.0100%4h$901K$2.0M—
Ondo Perps ONDO-USD.P−0.339%+0.0100%1h$74K$93K10xas long as short
Phemex ONDOUSDT−0.337%+0.0100%4h$5.0M$5.3M50xas long as short
HTX ONDO-USDT−0.314%+0.0100%4h$130K$540K50xas long as short
Backpack ONDO_USDC_PERP−0.312%+0.0100%1h$244K$852K15xas long as short
dYdX ONDO-USD−0.294%+0.8610%1h$247K$101K5xas long as short
Bybit ONDOUSDT−0.292%+0.0100%4h$69.6M$118.9M50xas long as short
OKX ONDO-USDT-SWAP−0.269%+0.0100%4h$18.3M$83.2M50xas long as short
ApeX Omni ONDOUSDT−0.269%+0.0100%1h$180K$372K50xas long as short
Show all 38 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BloFin ONDO-USDT−0.269%+0.0340%4h$3.4M$3.4M75xas long as short
Extended ONDO-USD−0.254%+0.0104%1h$375K$1.1M25xas long as short
SoDEX ONDO-USD−0.247%+0.0100%1h$462$15K10xas long as short
edgeX ONDOUSDC−0.244%+0.0100%4h$5K$317K20xas long as short
Gate ONDO_USDT−0.224%+0.0044%4h$11.7M$20.3M50xas long as short
Orderly PERP_ONDO_USDC−0.224%+0.0093%4h$24K$9K10xas long as short
GMX ONDO/USD [ETH-USDC]−0.220%L +0.0562% / S −0.0189%1h$506K—100xas long as short
Nado ONDO-PERP−0.213%+0.0100%1h$431K$568K10xas long as short
Deribit ONDO_USDC-PERPETUAL−0.202%+0.0200%1h$36K$242K25xas long as short
gTrade (Gains Network) ONDO/USD−0.183%L +0.0003% / S −0.0008%1h$6K—150xas long as short
Aevo ONDO-PERP−0.180%+0.0104%1h$35K—3xas long as short
Bitget ONDOUSDT−0.180%+0.0100%4h$25.2M$44.3M50xas long as short
BingX ONDO-USDC−0.180%+0.0100%4h—$763K—as long as short
Paradex ONDO-USD-PERP−0.179%+0.0100%8h$6K$910xas long as short
Reya ONDORUSDPERP−0.163%+0.1126%1h$2K—20xas long as short
Binance ONDOUSDT−0.157%+0.0100%4h$67.2M$229.1M75xas long as short
MEXC ONDO_USDT−0.157%+0.0100%4h$49.1M$46.9M200xas long as short
KuCoin ONDOUSDTM−0.157%+0.0100%4h$13.6M$10.6M50xas long as short
Phoenix ONDO−0.157%+0.0036%1h$28K$224K10xas long as short
Aster ONDOUSDT−0.135%+0.0100%4h$715K$1.7M20xas long as short
Polymarket Perps ONDO-USD−0.135%+0.0100%1h$80K$1.0M10xas long as short
SunX ONDO-USDT−0.135%+0.0100%4h—$1.4M20xas long as short
RISEx ONDO/USDC−0.126%+0.0100%1h——5xas long as short
Kraken Futures PF_ONDOUSD−0.099%+0.0827%1h$3.5M$5.0M50xas long as short
Hyperliquid ONDO−0.054%+0.0260%1h$40.5M$29.2M10xas long as short
01 Exchange ONDOUSD−0.040%+0.0336%1h$367$1K10xas long as short
Lighter ONDO−0.007%+0.0624%1h$1.2M$2.0M10xas long as short
Coinbase International ONDO-PERP-INTXlong0.000%+0.0448%1h$347K$817K50x