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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−$292
spread now+0.317%7d average+0.096%fees + slippage, in and out−$315spread needed3.145%
Long on dYdXShort on Phoenix
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ONDO-USD0.44740.4281pay 0.0535% / 1h43m 14s$159K$11K5x
ShortPhoenix ONDO0.44880.0035get 0.0004% / 1h43m 14s$27K$206K10x

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
$31.66
Funding while held
−$127.36
Slippage, 4 orders
−$297.53
Fee dYdX: 5 bp × 2 orders
−$10
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$410.23
Spread needed to break even
3.145%
Slippage from dYdX: live order book, 12 min ago; Phoenix: live order book, 71 min ago.

Cost of waiting

funding view
Funding /8h
−0.4245%
Per $10,000 a day
−$127.36
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, 12 min ago101.19 bp106.2 bp −$106106.2 bp −$1,062109.2 bp −$10.9K391.1 bp −$195.6K
Sell Phoenix live order book, 71 min ago1.10 bp12.6 bp −$1343.5 bp −$435doesn't fitdoesn't fit

ONDO price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.4457cheapestOndo Perps0.4457+0.007%Variational Omni0.4460+0.074%edgeX0.4464+0.159%ApeX Omni0.4466+0.202%Gate0.4467+0.224%BloFin0.4467+0.224%Reya0.4467+0.227%Bybit0.4468+0.247%BingX0.4468+0.247%Nado0.4468+0.247%Extended0.4468+0.248%Orderly0.4469+0.269%gTrade (Gains Network)0.4469+0.278%OKX0.4470+0.292%MEXC0.4470+0.292%SunX0.4470+0.292%SoDEX0.4470+0.292%GMX0.4470+0.298%Aevo0.4471+0.312%Binance0.4471+0.314%KuCoin0.4471+0.314%Bitget0.4471+0.314%RISEx0.4471+0.317%Polymarket Perps0.4471+0.321%Deribit0.4472+0.337%Paradex0.4473+0.358%
dYdX0.4474+0.373%
Aster0.4474+0.374%Phemex0.4474+0.381%Coinbase International0.4475+0.404%HTX0.4475+0.404%Hyperliquid0.4476+0.426%Kraken Futures0.4476+0.431%Backpack0.4480+0.507%Lighter0.4482+0.559%
Phoenix0.4488+0.691%

ONDO on 37 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective ONDO/USDC PERP−0.372%+0.0824%1h$1K$88K5.5xas long as short
Ondo Perps ONDO-USD.P−0.365%+0.0100%1h$74K$100K10xas long as short
Variational Omni ONDO−0.298%+0.0100%4h$853K$1.9M—as long as short
edgeX ONDOUSDC−0.213%+0.0100%4h$4K$317K20xas long as short
ApeX Omni ONDOUSDT−0.171%+0.0100%1h$181K$339K50xas long as short
Gate ONDO_USDT−0.148%−0.0072%4h$11.7M$19.2M50xas long as short
BloFin ONDO-USDT−0.148%+0.0340%4h$3.3M$3.4M75xas long as short
Reya ONDORUSDPERP−0.146%+0.1123%1h$2K—20xas long as short
Bybit ONDOUSDT−0.126%+0.0100%4h$68.6M$111.7M50xas long as short
BingX ONDO-USDC−0.126%+0.0100%4h—$764K—as long as short
Show all 37 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Nado ONDO-PERP−0.126%+0.0100%1h$450K$516K10xas long as short
Extended ONDO-USD−0.124%+0.0104%1h$414K$1.1M25xas long as short
Orderly PERP_ONDO_USDC−0.104%+0.0093%4h$25K$6K10xas long as short
gTrade (Gains Network) ONDO/USD−0.095%L +0.0003% / S −0.0007%1h$7K—150xas long as short
OKX ONDO-USDT-SWAP−0.081%+0.0100%4h$18.1M$79.0M50xas long as short
MEXC ONDO_USDT−0.081%+0.0100%4h$49.0M$44.1M200xas long as short
SunX ONDO-USDT−0.081%+0.0100%4h—$1.3M20xas long as short
SoDEX ONDO-USD−0.081%+0.0100%1h$2K$8K10xas long as short
GMX ONDO/USD [ETH-USDC]−0.075%L +0.0563% / S −0.0186%1h$504K—100xas long as short
Aevo ONDO-PERP−0.061%+0.0104%1h$35K—3xas long as short
Binance ONDOUSDT−0.059%+0.0100%4h$66.7M$215.5M75xas long as short
KuCoin ONDOUSDTM−0.059%+0.0100%4h$14.0M$10.2M50xas long as short
Bitget ONDOUSDT−0.059%+0.0100%4h$25.0M$42.6M50xas long as short
RISEx ONDO/USDC−0.056%+0.0100%1h——5xas long as short
Polymarket Perps ONDO-USD−0.052%+0.0100%1h$87K$958K10xas long as short
Deribit ONDO_USDC-PERPETUAL−0.037%0.0000%1h$36K$237K25xas long as short
Paradex ONDO-USD-PERP−0.016%+0.0100%8h$6K$910xas long as short
dYdX ONDO-USDlong0.000%+0.4281%1h$159K$11K5x
Aster ONDOUSDT0.000%+0.0100%4h$690K$1.5M20xas long as short
Phemex ONDOUSDT+0.008%+0.0100%4h$4.9M$4.6M50xas long as short
Coinbase International ONDO-PERP-INTX+0.030%+0.0488%1h$351K$805K50xas long as short
HTX ONDO-USDT+0.030%+0.0100%4h$128K$618K50xas long as short
Hyperliquid ONDO+0.053%+0.0389%1h$41.9M$27.1M10xas long as short
Kraken Futures PF_ONDOUSD+0.057%+0.0907%1h$3.5M$4.9M50xas long as short
Backpack ONDO_USDC_PERP+0.133%+0.0100%1h$295K$648K15xas long as short
Lighter ONDO+0.185%+0.0520%1h$1.2M$1.9M10xas long as short
Phoenix ONDOshort+0.317%+0.0035%1h$27K$206K10x