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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)−0.491%
7d average—if it closes, per $10,000$49funding while held, a day+$2.90
Long on gTrade (Gains Network)Short on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ONDO/USD0.4512L +0.0003% / S −0.0007%pay 0.0000% / 1h34m 56s$7K—150x
ShortVariational Omni ONDO0.44890.0100get 0.0050% / 4h1h 34m$904K$2.0M—

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
−$49.1
Funding while held
$2.9
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$56.2
Spread needed to break even
0.100%
Slippage unknown: gTrade (Gains Network): no order-book sample; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0097%
Per $10,000 a day
+$2.90
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 gTrade (Gains Network) no order-book sample—————
Sell Variational Omni RFQ quote, 1 min ago4.44 bpdoesn't fit11.1 bp −$111doesn't fitdoesn't fit
gTrade (Gains Network): 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.
Injective0.4457cheapestedgeX0.4480+0.506%Phoenix0.4488+0.705%
Variational Omni0.4489+0.727%
ApeX Omni0.4490+0.740%Ondo Perps0.4500+0.958%Extended0.4506+1.109%Coinbase International0.4507+1.122%Nado0.4507+1.127%Paradex0.4507+1.129%Reya0.4508+1.136%MEXC0.4509+1.167%Bitget0.4510+1.189%BloFin0.4510+1.189%dYdX0.4510+1.192%
gTrade (Gains Network)0.4512+1.224%
GMX0.4512+1.231%Polymarket Perps0.4512+1.232%RISEx0.4512+1.233%OKX0.4512+1.234%Orderly0.4512+1.234%Bybit0.4513+1.256%Gate0.4513+1.256%KuCoin0.4513+1.256%SunX0.4513+1.256%SoDEX0.4513+1.256%Phemex0.4513+1.256%BingX0.4514+1.279%Aevo0.4515+1.295%Binance0.4515+1.296%Backpack0.4516+1.319%Aster0.4516+1.324%Deribit0.4516+1.324%HTX0.4519+1.391%Kraken Futures0.4520+1.419%Hyperliquid0.4521+1.431%Lighter0.4521+1.443%

ONDO on 37 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective ONDO/USDC PERP−1.209%+0.0824%1h$1K$88K5.5xas long as short
edgeX ONDOUSDC−0.709%+0.0100%4h$4K$316K20xas long as short
Phoenix ONDO−0.513%+0.0035%1h$27K$206K10xas long as short
Variational Omni ONDOshort−0.491%+0.0100%4h$904K$2.0M—
ApeX Omni ONDOUSDT−0.478%+0.0100%1h$182K$340K50xas long as short
Ondo Perps ONDO-USD.P−0.263%+0.0100%1h$74K$101K10xas long as short
Extended ONDO-USD−0.114%+0.0104%1h$416K$1.1M25xas long as short
Coinbase International ONDO-PERP-INTX−0.101%+0.0488%1h$353K$809K50xas long as short
Nado ONDO-PERP−0.095%+0.0100%1h$452K$517K10xas long as short
Paradex ONDO-USD-PERP−0.094%+0.0100%8h$6K$910xas long as short
Show all 37 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Reya ONDORUSDPERP−0.087%+0.1123%1h$2K—20xas long as short
MEXC ONDO_USDT−0.057%+0.0100%4h$49.3M$44.2M200xas long as short
Bitget ONDOUSDT−0.034%+0.0100%4h$25.2M$42.6M50xas long as short
BloFin ONDO-USDT−0.034%+0.0340%4h$3.3M$3.4M75xas long as short
dYdX ONDO-USD−0.032%+0.5114%1h$160K$11K5xas long as short
gTrade (Gains Network) ONDO/USDlong0.000%L +0.0003% / S −0.0007%1h$7K—150x
GMX ONDO/USD [ETH-USDC]+0.007%L +0.0572% / S −0.0190%1h$513K—100xas long as short
Polymarket Perps ONDO-USD+0.008%+0.0100%1h$88K$959K10xas long as short
RISEx ONDO/USDC+0.009%+0.0100%1h——5xas long as short
OKX ONDO-USDT-SWAP+0.010%+0.0100%4h$18.3M$79.9M50xas long as short
Orderly PERP_ONDO_USDC+0.010%+0.0094%4h$25K$6K10xas long as short
Bybit ONDOUSDT+0.032%+0.0100%4h$69.9M$112.4M50xas long as short
Gate ONDO_USDT+0.032%−0.0090%4h$11.9M$19.3M50xas long as short
KuCoin ONDOUSDTM+0.032%+0.0100%4h$14.2M$10.2M50xas long as short
SunX ONDO-USDT+0.032%+0.0100%4h—$1.3M20xas long as short
SoDEX ONDO-USD+0.032%+0.0100%1h$2K$8K10xas long as short
Phemex ONDOUSDT+0.032%+0.0100%4h$4.9M$4.7M50xas long as short
BingX ONDO-USDC+0.054%+0.0100%4h—$766K—as long as short
Aevo ONDO-PERP+0.070%+0.0104%1h$36K—3xas long as short
Binance ONDOUSDT+0.071%+0.0100%4h$67.5M$216.1M75xas long as short
Backpack ONDO_USDC_PERP+0.094%+0.0100%1h$297K$646K15xas long as short
Aster ONDOUSDT+0.099%+0.0100%4h$699K$1.5M20xas long as short
Deribit ONDO_USDC-PERPETUAL+0.099%0.0000%1h$36K$237K25xas long as short
HTX ONDO-USDT+0.165%+0.0100%4h$129K$617K50xas long as short
Kraken Futures PF_ONDOUSD+0.192%+0.0898%1h$3.5M$4.9M50xas long as short
Hyperliquid ONDO+0.205%+0.0430%1h$42.5M$27.2M10xas long as short
Lighter ONDO+0.216%+0.0536%1h$1.2M$1.9M10xas long as short