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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)−0.196%
7d average+0.019%if it closes, per $10,000$20funding while held, a day−$268.47
Long on dYdXShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ONDO-USD0.44490.8903pay 0.1113% / 1h20m 18s$252K$116K5x
ShortVariational Omni ONDO0.4440−0.0046pay 0.0023% / 4h2h 20m$770K$2.1M—

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
−$19.61
Funding while held
−$268.47
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$298.08
Spread needed to break even
0.100%
Slippage unknown: dYdX: live order book, 20 min ago; Variational Omni: RFQ quote, just now. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.8949%
Per $10,000 a day
−$268.47
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, 20 min ago52.31 bp57.3 bp −$5757.3 bp −$573114.1 bp −$11.4K438.0 bp −$219.0K
Sell Variational Omni RFQ quote, just now4.50 bpdoesn't fit13.5 bp −$135doesn't fitdoesn't fit

ONDO price on every exchange

against the cheapest. Click to use as the short leg.
Phoenix0.4433cheapestApeX Omni0.4433+0.005%edgeX0.4438+0.124%
Variational Omni0.4440+0.160%
Bybit0.4441+0.185%OKX0.4441+0.185%Extended0.4442+0.216%Gate0.4443+0.230%Bitget0.4443+0.230%BingX0.4443+0.230%Orderly0.4443+0.230%SoDEX0.4443+0.230%Aevo0.4444+0.253%Deribit0.4444+0.253%GMX0.4444+0.263%Binance0.4445+0.270%MEXC0.4445+0.275%KuCoin0.4445+0.275%SunX0.4445+0.275%BloFin0.4445+0.275%Reya0.4445+0.276%gTrade (Gains Network)0.4445+0.281%Paradex0.4446+0.288%Nado0.4447+0.320%Phemex0.4447+0.320%Polymarket Perps0.4447+0.329%RISEx0.4448+0.339%Kraken Futures0.4448+0.340%
dYdX0.4449+0.356%
01 Exchange0.4449+0.356%Hyperliquid0.4449+0.374%Backpack0.4450+0.381%Aster0.4450+0.388%Coinbase International0.4451+0.411%HTX0.4452+0.433%Lighter0.4454+0.485%Ondo Perps0.4454+0.487%Injective0.4463+0.681%

ONDO on 38 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Phoenix ONDO−0.355%+0.0143%1h$28K$263K10xas long as short
ApeX Omni ONDOUSDT−0.351%+0.0100%1h$176K$307K50xas long as short
edgeX ONDOUSDC−0.231%+0.0100%4h$5K$318K20xas long as short
Variational Omni ONDOshort−0.196%−0.0046%4h$770K$2.1M—
Bybit ONDOUSDT−0.171%+0.0056%4h$69.8M$114.9M50xas long as short
OKX ONDO-USDT-SWAP−0.171%+0.0100%4h$17.6M$80.4M50xas long as short
Extended ONDO-USD−0.140%+0.0104%1h$374K$967K25xas long as short
Gate ONDO_USDT−0.126%+0.0082%4h$11.7M$18.8M50xas long as short
Bitget ONDOUSDT−0.126%+0.0100%4h$25.1M$42.4M50xas long as short
BingX ONDO-USDC−0.126%+0.0100%4h—$759K—as long as short
Show all 38 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Orderly PERP_ONDO_USDC−0.126%+0.0097%4h$24K$8K10xas long as short
SoDEX ONDO-USD−0.126%+0.0100%1h$462$14K10xas long as short
Aevo ONDO-PERP−0.103%+0.0104%1h$35K—3xas long as short
Deribit ONDO_USDC-PERPETUAL−0.103%+0.0200%1h$20K$333K25xas long as short
GMX ONDO/USD [ETH-USDC]−0.093%L +0.0620% / S −0.0217%1h$543K—100xas long as short
Binance ONDOUSDT−0.086%+0.0100%4h$66.3M$222.1M75xas long as short
MEXC ONDO_USDT−0.081%+0.0100%4h$47.3M$45.8M200xas long as short
KuCoin ONDOUSDTM−0.081%+0.0100%4h$13.5M$9.7M50xas long as short
SunX ONDO-USDT−0.081%+0.0100%4h—$1.4M20xas long as short
BloFin ONDO-USDT−0.081%+0.0340%4h$3.3M$3.2M75xas long as short
Reya ONDORUSDPERP−0.080%+0.1130%1h$2K—20xas long as short
gTrade (Gains Network) ONDO/USD−0.075%L +0.0003% / S −0.0007%1h$7K—150xas long as short
Paradex ONDO-USD-PERP−0.068%+0.0100%8h$6K$910xas long as short
Nado ONDO-PERP−0.036%+0.0100%1h$460K$623K10xas long as short
Phemex ONDOUSDT−0.036%+0.0100%4h$4.9M$5.5M50xas long as short
Polymarket Perps ONDO-USD−0.027%+0.0100%1h$86K$981K10xas long as short
RISEx ONDO/USDC−0.017%+0.0100%1h——5xas long as short
Kraken Futures PF_ONDOUSD−0.016%+0.0445%1h$3.6M$4.9M50xas long as short
dYdX ONDO-USDlong0.000%+0.8903%1h$252K$116K5x
01 Exchange ONDOUSD0.000%+0.0232%1h$366$1K10xas long as short
Hyperliquid ONDO+0.018%+0.0100%1h$40.4M$26.1M10xas long as short
Backpack ONDO_USDC_PERP+0.025%+0.0100%1h$241K$862K15xas long as short
Aster ONDOUSDT+0.031%+0.0100%4h$750K$1.9M20xas long as short
Coinbase International ONDO-PERP-INTX+0.054%+0.0560%1h$348K$787K50xas long as short
HTX ONDO-USDT+0.076%+0.0100%4h$110K$525K50xas long as short
Lighter ONDO+0.128%+0.0440%1h$1.2M$1.8M10xas long as short
Ondo Perps ONDO-USD.P+0.130%+0.0100%1h$74K$87K10xas long as short
Injective ONDO/USDC PERP+0.324%−0.0508%1h$1K$49K5.5xas long as short