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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.

Spread before costs (cost unknown: a leg has no order-book sample)+0.054%
7d average−0.010%if it closes, per $10,000$5funding while held, a day+$2.70
Long on edgeXShort on GMX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ONDOUSDC0.45100.0100pay 0.0050% / 4h1h 32m$4K$316K20x
ShortGMX ONDO/USD [ETH-USDC]0.4512L +0.0573% / S −0.0190%get 0.0024% / 1h32m 41s$514K—100x

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
$5.38
Funding while held
$2.7
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee GMX: 6 bp × 2 orders
−$12
Net
−$12.92
Spread needed to break even
0.210%
Slippage unknown: edgeX: live order book, 22 min ago; GMX: no order-book sample. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0090%
Per $10,000 a day
+$2.70
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 edgeX live order book, 22 min ago4.47 bp9.0 bp −$915.3 bp −$153doesn't fitdoesn't fit
Sell GMX no order-book sample—————
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ONDO price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.4457cheapestVariational Omni0.4489+0.727%Ondo Perps0.4500+0.958%Phoenix0.4509+1.173%
edgeX0.4510+1.183%
Phemex0.4510+1.189%ApeX Omni0.4511+1.212%Orderly0.4511+1.212%Reya0.4511+1.215%gTrade (Gains Network)0.4512+1.227%Nado0.4512+1.234%SoDEX0.4512+1.234%
GMX0.4512+1.237%
Aevo0.4514+1.278%SunX0.4514+1.279%Deribit0.4514+1.279%Backpack0.4516+1.324%BloFin0.4516+1.324%Polymarket Perps0.4516+1.335%dYdX0.4517+1.344%Kraken Futures0.4519+1.383%Binance0.4519+1.401%MEXC0.4520+1.414%KuCoin0.4520+1.414%Paradex0.4520+1.423%Aster0.4521+1.436%Bybit0.4521+1.436%Coinbase International0.4521+1.436%Gate0.4523+1.481%Extended0.4523+1.484%OKX0.4524+1.503%BingX0.4524+1.503%RISEx0.4525+1.518%Bitget0.4525+1.526%HTX0.4526+1.548%Hyperliquid0.4527+1.577%Lighter0.4528+1.600%

ONDO on 37 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective ONDO/USDC PERP−1.169%+0.0824%1h$1K$88K5.5xas long as short
Variational Omni ONDO−0.451%+0.0100%4h$904K$2.0M—as long as short
Ondo Perps ONDO-USD.P−0.222%+0.0100%1h$74K$101K10xas long as short
Phoenix ONDO−0.009%+0.0035%1h$28K$206K10xas long as short
edgeX ONDOUSDClong0.000%+0.0100%4h$4K$316K20x
Phemex ONDOUSDT+0.006%+0.0100%4h$4.9M$4.7M50xas long as short
ApeX Omni ONDOUSDT+0.028%+0.0100%1h$183K$339K50xas long as short
Orderly PERP_ONDO_USDC+0.028%+0.0094%4h$25K$6K10xas long as short
Reya ONDORUSDPERP+0.032%+0.1123%1h$2K—20xas long as short
gTrade (Gains Network) ONDO/USD+0.044%L +0.0003% / S −0.0007%1h$7K—150xas long as short
Show all 37 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Nado ONDO-PERP+0.050%+0.0100%1h$453K$517K10xas long as short
SoDEX ONDO-USD+0.050%+0.0100%1h$2K$8K10xas long as short
GMX ONDO/USD [ETH-USDC]short+0.054%L +0.0573% / S −0.0190%1h$514K—100x
Aevo ONDO-PERP+0.094%+0.0104%1h$36K—3xas long as short
SunX ONDO-USDT+0.095%+0.0100%4h—$1.3M20xas long as short
Deribit ONDO_USDC-PERPETUAL+0.095%0.0000%1h$36K$237K25xas long as short
Backpack ONDO_USDC_PERP+0.139%+0.0100%1h$297K$646K15xas long as short
BloFin ONDO-USDT+0.139%+0.0340%4h$3.3M$3.4M75xas long as short
Polymarket Perps ONDO-USD+0.150%+0.0100%1h$87K$959K10xas long as short
dYdX ONDO-USD+0.159%+0.4560%1h$160K$11K5xas long as short
Kraken Futures PF_ONDOUSD+0.198%+0.0899%1h$3.5M$4.9M50xas long as short
Binance ONDOUSDT+0.215%+0.0100%4h$67.6M$216.4M75xas long as short
MEXC ONDO_USDT+0.228%+0.0100%4h$49.4M$44.3M200xas long as short
KuCoin ONDOUSDTM+0.228%+0.0100%4h$14.2M$10.2M50xas long as short
Paradex ONDO-USD-PERP+0.238%+0.0100%8h$6K$910xas long as short
Aster ONDOUSDT+0.250%+0.0100%4h$699K$1.5M20xas long as short
Bybit ONDOUSDT+0.250%+0.0100%4h$70.2M$112.6M50xas long as short
Coinbase International ONDO-PERP-INTX+0.250%+0.0488%1h$354K$812K50xas long as short
Gate ONDO_USDT+0.294%−0.0088%4h$11.9M$19.3M50xas long as short
Extended ONDO-USD+0.297%+0.0104%1h$418K$1.1M25xas long as short
OKX ONDO-USDT-SWAP+0.317%+0.0100%4h$18.3M$80.3M50xas long as short
BingX ONDO-USDC+0.317%+0.0100%4h—$766K—as long as short
RISEx ONDO/USDC+0.331%+0.0100%1h——5xas long as short
Bitget ONDOUSDT+0.339%+0.0100%4h$25.3M$42.7M50xas long as short
HTX ONDO-USDT+0.361%+0.0100%4h$129K$617K50xas long as short
Hyperliquid ONDO+0.390%+0.0444%1h$42.6M$27.2M10xas long as short
Lighter ONDO+0.412%+0.0528%1h$1.2M$1.9M10xas long as short