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−$50
spread now+0.087%7d average+0.089%fees + slippage, in and out−$49spread needed0.494%
Long on DeribitShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit ONDO_USDC-PERPETUAL0.44830get 0.0000% / 1h52m 02s$36K$237K25x
ShortHyperliquid ONDO0.44870.0413get 0.0052% / 1h52m 02s$42.0M$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
$8.7
Funding while held
$12.38
Slippage, 4 orders
−$33.42
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$28.34
Spread needed to break even
0.494%
Slippage from Deribit: live order book, 33 min ago; Hyperliquid: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
+0.0413%
Per $10,000 a day
+$12.38
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 Deribit live order book, 33 min ago11.16 bp14.7 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 3 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.
Ondo Perps0.4456cheapestInjective0.4457+0.011%BloFin0.4458+0.034%Paradex0.4467+0.227%Reya0.4468+0.260%RISEx0.4469+0.283%Nado0.4471+0.331%Polymarket Perps0.4473+0.361%dYdX0.4474+0.384%GMX0.4477+0.462%gTrade (Gains Network)0.4477+0.471%Orderly0.4478+0.482%HTX0.4478+0.482%Aster0.4478+0.484%SunX0.4480+0.527%SoDEX0.4481+0.550%Extended0.4481+0.558%Aevo0.4481+0.559%Binance0.4482+0.564%OKX0.4482+0.572%Gate0.4482+0.572%Bybit0.4483+0.595%
Deribit0.4483+0.595%
BingX0.4484+0.617%Phemex0.4484+0.617%MEXC0.4485+0.640%KuCoin0.4485+0.640%Backpack0.4486+0.651%Bitget0.4486+0.662%Coinbase International0.4486+0.662%
Hyperliquid0.4487+0.682%
Kraken Futures0.4487+0.694%Lighter0.4492+0.792%ApeX Omni0.4503+1.043%edgeX0.4506+1.102%Variational Omni0.4524+1.519%Phoenix0.4527+1.575%

ONDO on 37 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Ondo Perps ONDO-USD.P−0.591%+0.0100%1h$74K$100K10xas long as short
Injective ONDO/USDC PERP−0.580%+0.0824%1h$1K$88K5.5xas long as short
BloFin ONDO-USDT−0.558%+0.0340%4h$3.3M$3.3M75xas long as short
Paradex ONDO-USD-PERP−0.366%+0.0100%8h$6K$910xas long as short
Reya ONDORUSDPERP−0.333%+0.1123%1h$2K—20xas long as short
RISEx ONDO/USDC−0.310%+0.0100%1h——5xas long as short
Nado ONDO-PERP−0.262%+0.0100%1h$454K$516K10xas long as short
Polymarket Perps ONDO-USD−0.232%+0.0100%1h$89K$947K10xas long as short
dYdX ONDO-USD−0.209%+0.1114%1h$159K$11K5xas long as short
GMX ONDO/USD [ETH-USDC]−0.132%L +0.0564% / S −0.0186%1h$504K—100xas long as short
Show all 37 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) ONDO/USD−0.123%L +0.0003% / S −0.0007%1h$7K—150xas long as short
Orderly PERP_ONDO_USDC−0.112%+0.0094%4h$25K$6K10xas long as short
HTX ONDO-USDT−0.112%+0.0100%4h$128K$618K50xas long as short
Aster ONDOUSDT−0.110%+0.0100%4h$693K$1.5M20xas long as short
SunX ONDO-USDT−0.067%+0.0100%4h—$1.3M20xas long as short
SoDEX ONDO-USD−0.045%+0.0100%1h$2K$8K10xas long as short
Extended ONDO-USD−0.036%+0.0104%1h$415K$1.1M25xas long as short
Aevo ONDO-PERP−0.035%+0.0104%1h$35K—3xas long as short
Binance ONDOUSDT−0.031%+0.0100%4h$66.6M$214.4M75xas long as short
OKX ONDO-USDT-SWAP−0.022%+0.0100%4h$18.1M$79.0M50xas long as short
Gate ONDO_USDT−0.022%−0.0016%4h$11.8M$19.0M50xas long as short
Bybit ONDOUSDT0.000%+0.0100%4h$68.8M$111.4M50xas long as short
Deribit ONDO_USDC-PERPETUALlong0.000%0.0000%1h$36K$237K25x
BingX ONDO-USDC+0.022%+0.0100%4h—$764K—as long as short
Phemex ONDOUSDT+0.022%+0.0100%4h$4.9M$4.6M50xas long as short
MEXC ONDO_USDT+0.045%+0.0100%4h$49.2M$44.0M200xas long as short
KuCoin ONDOUSDTM+0.045%+0.0100%4h$14.0M$10.2M50xas long as short
Backpack ONDO_USDC_PERP+0.056%+0.0100%1h$294K$613K15xas long as short
Bitget ONDOUSDT+0.067%+0.0100%4h$25.1M$42.3M50xas long as short
Coinbase International ONDO-PERP-INTX+0.067%+0.0488%1h$362K$791K50xas long as short
Hyperliquid ONDOshort+0.087%+0.0413%1h$42.0M$27.0M10x
Kraken Futures PF_ONDOUSD+0.099%+0.0905%1h$3.5M$4.9M50xas long as short
Lighter ONDO+0.196%+0.0448%1h$1.2M$1.9M10xas long as short
ApeX Omni ONDOUSDT+0.446%+0.0100%1h$183K$340K50xas long as short
edgeX ONDOUSDC+0.505%+0.0100%4h$4K$315K20xas long as short
Variational Omni ONDO+0.919%+0.0100%4h$915K$1.9M—as long as short
Phoenix ONDO+0.975%+0.0035%1h$28K$206K10xas long as short