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−$48
spread now+0.039%7d average+0.061%fees + slippage, in and out−$46spread needed0.461%
Long on DeribitShort on Phoenix
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit ONDO_USDC-PERPETUAL0.44030.0204pay 0.0025% / 1h27m 23s$20K$333K25x
ShortPhoenix ONDO0.44050.0145get 0.0018% / 1h27m 23s$27K$249K10x

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
$3.86
Funding while held
−$1.76
Slippage, 4 orders
−$32.05
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$43.95
Spread needed to break even
0.461%
Slippage from Deribit: live order book, 38 min ago; Phoenix: live order book, 62 min ago.

Cost of waiting

funding view
Funding /8h
−0.0059%
Per $10,000 a day
−$1.76
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, 38 min ago6.84 bp10.3 bp −$10doesn't fitdoesn't fitdoesn't fit
Sell Phoenix live order book, 62 min ago0.90 bp12.7 bp −$1343.8 bp −$438doesn't fitdoesn't fit

ONDO price on every exchange

against the cheapest. Click to use as the short leg.
OKX0.4399cheapestExtended0.4399+0.002%Bitget0.4400+0.023%Bybit0.4401+0.045%Gate0.4401+0.045%SoDEX0.4401+0.045%Phemex0.4401+0.045%Aevo0.4401+0.057%Paradex0.4402+0.064%Ondo Perps0.4402+0.066%MEXC0.4402+0.068%KuCoin0.4402+0.068%BingX0.4402+0.068%Orderly0.4402+0.068%Kraken Futures0.4402+0.076%GMX0.4403+0.084%gTrade (Gains Network)0.4403+0.087%Reya0.4403+0.088%Binance0.4403+0.089%
Deribit0.4403+0.091%
BloFin0.4403+0.091%Polymarket Perps0.4403+0.100%RISEx0.4403+0.100%Variational Omni0.4405+0.130%
Phoenix0.4405+0.130%
01 Exchange0.4405+0.139%dYdX0.4405+0.139%Nado0.4405+0.142%Hyperliquid0.4406+0.157%SunX0.4406+0.159%Backpack0.4406+0.170%Aster0.4408+0.194%Lighter0.4408+0.207%edgeX0.4409+0.222%ApeX Omni0.4411+0.273%HTX0.4413+0.318%Coinbase International0.4414+0.341%Injective0.4463+1.455%

ONDO on 38 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
OKX ONDO-USDT-SWAP−0.091%+0.0100%4h$17.3M$79.6M50xas long as short
Extended ONDO-USD−0.089%+0.0104%1h$372K$933K25xas long as short
Bitget ONDOUSDT−0.068%+0.0100%4h$24.7M$41.9M50xas long as short
Bybit ONDOUSDT−0.045%+0.0100%4h$69.0M$115.1M50xas long as short
Gate ONDO_USDT−0.045%+0.0100%4h$11.6M$19.0M50xas long as short
SoDEX ONDO-USD−0.045%+0.0100%1h$457$14K10xas long as short
Phemex ONDOUSDT−0.045%+0.0100%4h$4.9M$5.7M50xas long as short
Aevo ONDO-PERP−0.034%+0.0104%1h$35K—3xas long as short
Paradex ONDO-USD-PERP−0.027%+0.0100%8h$6K$910xas long as short
Ondo Perps ONDO-USD.P−0.025%+0.0100%1h$72K$90K10xas long as short
Show all 38 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
MEXC ONDO_USDT−0.023%+0.0100%4h$46.5M$44.4M200xas long as short
KuCoin ONDOUSDTM−0.023%+0.0100%4h$13.4M$9.8M50xas long as short
BingX ONDO-USDT−0.023%+0.0100%4h—$23.1M—as long as short
Orderly PERP_ONDO_USDC−0.023%+0.0100%4h$24K$8K10xas long as short
Kraken Futures PF_ONDOUSD−0.015%+0.0576%1h$3.2M$5.5M50xas long as short
GMX ONDO/USD [ETH-USDC]−0.007%L +0.0601% / S −0.0200%1h$541K—100xas long as short
gTrade (Gains Network) ONDO/USD−0.004%L +0.0003% / S −0.0008%1h$6K—150xas long as short
Reya ONDORUSDPERP−0.003%+0.1132%1h$2K—20xas long as short
Binance ONDOUSDT−0.001%+0.0100%4h$65.0M$221.9M75xas long as short
Deribit ONDO_USDC-PERPETUALlong0.000%+0.0204%1h$20K$333K25x
BloFin ONDO-USDT0.000%+0.0340%4h$3.2M$3.2M75xas long as short
Polymarket Perps ONDO-USD+0.009%+0.0100%1h$85K$978K10xas long as short
RISEx ONDO/USDC+0.009%+0.0100%1h——5xas long as short
Variational Omni ONDO+0.039%+0.0092%4h$766K$2.1M—as long as short
Phoenix ONDOshort+0.039%+0.0145%1h$27K$249K10x
01 Exchange ONDOUSD+0.048%+0.0240%1h$363$1K10xas long as short
dYdX ONDO-USD+0.048%+0.9050%1h$249K$116K5xas long as short
Nado ONDO-PERP+0.051%+0.0100%1h$461K$630K10xas long as short
Hyperliquid ONDO+0.066%+0.0100%1h$39.2M$26.5M10xas long as short
SunX ONDO-USDT+0.068%+0.0100%4h—$1.4M20xas long as short
Backpack ONDO_USDC_PERP+0.079%+0.0100%1h$234K$938K15xas long as short
Aster ONDOUSDT+0.103%+0.0125%4h$741K$1.8M20xas long as short
Lighter ONDO+0.116%+0.0440%1h$1.2M$1.6M10xas long as short
edgeX ONDOUSDC+0.131%+0.0100%4h$5K$318K20xas long as short
ApeX Omni ONDOUSDT+0.182%+0.0100%1h$155K$346K50xas long as short
HTX ONDO-USDT+0.227%+0.0100%4h$109K$526K50xas long as short
Coinbase International ONDO-PERP-INTX+0.250%+0.0592%1h$328K$802K50xas long as short
Injective ONDO/USDC PERP+1.363%+0.0033%1h$1K$49K5.5xas long as short