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−$169
spread now+0.050%7d average+0.024%fees + slippage, in and out−$172spread needed1.721%
Long on dYdXShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ONDO-USD0.43881.2112pay 0.1514% / 1h55m 40s$248K$116K5x
ShortBackpack ONDO_USDC_PERP0.43900.0100get 0.0013% / 1h55m 40s$234K$940K15x

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
$5.04
Funding while held
−$360.35
Slippage, 4 orders
−$152.05
Fee dYdX: 5 bp × 2 orders
−$10
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$527.36
Spread needed to break even
1.721%
Slippage from dYdX: live order book, 40 min ago; Backpack: live order book, 40 min ago.

Cost of waiting

funding view
Funding /8h
−1.2012%
Per $10,000 a day
−$360.35
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 dYdX live order book, 40 min ago39.18 bp44.2 bp −$4444.2 bp −$44248.4 bp −$4,844269.4 bp −$134.7K
Sell Backpack live order book, 40 min ago0.80 bp9.7 bp −$10doesn't fitdoesn't fitdoesn't fit

ONDO price on every exchange

against the cheapest. Click to use as the short leg.
Bybit0.4385cheapestOKX0.4386+0.023%Paradex0.4386+0.033%Variational Omni0.4387+0.036%GMX0.4387+0.038%Kraken Futures0.4387+0.040%Gate0.4387+0.046%MEXC0.4387+0.046%KuCoin0.4387+0.046%Bitget0.4387+0.046%BingX0.4387+0.046%Orderly0.4387+0.046%SoDEX0.4387+0.046%Phemex0.4387+0.046%Reya0.4387+0.047%Extended0.4387+0.048%gTrade (Gains Network)0.4388+0.062%Binance0.4388+0.066%
dYdX0.4388+0.068%
RISEx0.4388+0.068%Deribit0.4388+0.068%Nado0.4389+0.080%Polymarket Perps0.4389+0.091%Aevo0.4389+0.091%Aster0.4390+0.113%
Backpack0.4390+0.119%
SunX0.4391+0.137%01 Exchange0.4391+0.146%Hyperliquid0.4392+0.166%Lighter0.4394+0.212%BloFin0.4396+0.251%HTX0.4398+0.296%Coinbase International0.4399+0.319%ApeX Omni0.4402+0.388%edgeX0.4404+0.438%Ondo Perps0.4404+0.442%Phoenix0.4408+0.531%Injective0.4416+0.707%

ONDO on 38 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit ONDOUSDT−0.068%+0.0100%4h$68.8M$114.0M50xas long as short
OKX ONDO-USDT-SWAP−0.045%+0.0100%4h$17.1M$78.3M50xas long as short
Paradex ONDO-USD-PERP−0.035%+0.0100%8h$6K$910xas long as short
Variational Omni ONDO−0.032%+0.0100%4h$764K$2.1M—as long as short
GMX ONDO/USD [ETH-USDC]−0.030%L +0.0598% / S −0.0200%1h$539K—100xas long as short
Kraken Futures PF_ONDOUSD−0.028%−0.0496%1h$2.9M$6.0M50xas long as short
Gate ONDO_USDT−0.023%+0.0100%4h$11.6M$18.7M50xas long as short
MEXC ONDO_USDT−0.023%+0.0100%4h$46.2M$42.6M200xas long as short
KuCoin ONDOUSDTM−0.023%+0.0100%4h$13.3M$9.8M50xas long as short
Bitget ONDOUSDT−0.023%+0.0100%4h$24.8M$41.8M50xas long as short
Show all 38 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
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
SoDEX ONDO-USD−0.023%+0.0100%1h$456$14K10xas long as short
Phemex ONDOUSDT−0.023%+0.0100%4h$4.9M$5.7M50xas long as short
Reya ONDORUSDPERP−0.022%+0.1133%1h$2K—20xas long as short
Extended ONDO-USD−0.020%+0.0104%1h$370K$923K25xas long as short
gTrade (Gains Network) ONDO/USD−0.007%L +0.0003% / S −0.0008%1h$6K—150xas long as short
Binance ONDOUSDT−0.002%+0.0100%4h$64.9M$220.3M75xas long as short
dYdX ONDO-USDlong0.000%+1.2112%1h$248K$116K5x
RISEx ONDO/USDC0.000%+0.0100%1h——5xas long as short
Deribit ONDO_USDC-PERPETUAL0.000%+0.0206%1h$20K$343K25xas long as short
Nado ONDO-PERP+0.012%+0.0100%1h$458K$628K10xas long as short
Polymarket Perps ONDO-USD+0.023%+0.0100%1h$76K$990K10xas long as short
Aevo ONDO-PERP+0.023%+0.0104%1h$35K—3xas long as short
Aster ONDOUSDT+0.044%+0.0161%4h$738K$1.7M20xas long as short
Backpack ONDO_USDC_PERPshort+0.050%+0.0100%1h$234K$940K15x
SunX ONDO-USDT+0.069%+0.0100%4h—$1.4M20xas long as short
01 Exchange ONDOUSD+0.078%+0.0256%1h$361$1K10xas long as short
Hyperliquid ONDO+0.098%+0.0349%1h$38.9M$26.2M10xas long as short
Lighter ONDO+0.144%+0.0592%1h$1.2M$1.6M10xas long as short
BloFin ONDO-USDT+0.183%+0.0340%4h$3.2M$3.1M75xas long as short
HTX ONDO-USDT+0.228%+0.0100%4h$108K$526K50xas long as short
Coinbase International ONDO-PERP-INTX+0.251%+0.0536%1h$327K$748K50xas long as short
ApeX Omni ONDOUSDT+0.319%+0.0100%1h$155K$351K50xas long as short
edgeX ONDOUSDC+0.370%+0.0100%4h$4K$318K20xas long as short
Ondo Perps ONDO-USD.P+0.374%+0.0100%1h$72K$90K10xas long as short
Phoenix ONDO+0.463%+0.0127%1h$27K$248K10xas long as short
Injective ONDO/USDC PERP+0.638%+0.0131%1h$994$82K5.5xas long as short