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−$57
spread now+0.181%7d average+0.108%fees + slippage, in and out−$64spread needed0.640%
Long on GateShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ONDO_USDT0.44320.0056pay 0.0028% / 4h2h 15m$11.7M$18.8M50x
ShortKraken Futures PF_ONDOUSD0.44400.0446get 0.0056% / 1h15m 12s$3.6M$4.9M50x

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
$18.09
Funding while held
$11.7
Slippage, 4 orders
−$39.01
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$34.22
Spread needed to break even
0.640%
Slippage from Gate: live order book, 5 min ago; Kraken Futures: live order book, 5 min ago.

Cost of waiting

funding view
Funding /8h
+0.0390%
Per $10,000 a day
+$11.70
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 Gate live order book, 5 min ago2.25 bp17.3 bp −$1738.1 bp −$38150.2 bp −$5,01881.9 bp −$41.0K
Sell Kraken Futures live order book, 5 min ago7.87 bp14.6 bp −$1523.6 bp −$236540.1 bp −$54.0Kdoesn't fit

ONDO price on every exchange

against the cheapest. Click to use as the short leg.
Bybit0.4431cheapest
Gate0.4432+0.023%
KuCoin0.4432+0.023%Ondo Perps0.4432+0.029%OKX0.4433+0.045%MEXC0.4433+0.045%SunX0.4433+0.045%Reya0.4434+0.063%Paradex0.4434+0.067%BingX0.4434+0.068%Binance0.4434+0.076%Nado0.4434+0.079%Extended0.4435+0.081%Polymarket Perps0.4435+0.086%Orderly0.4435+0.090%SoDEX0.4435+0.090%Phemex0.4435+0.090%RISEx0.4435+0.093%gTrade (Gains Network)0.4435+0.095%GMX0.4435+0.095%01 Exchange0.4436+0.104%Bitget0.4436+0.113%Aevo0.4436+0.124%Deribit0.4437+0.135%Hyperliquid0.4438+0.156%Aster0.4438+0.158%dYdX0.4438+0.167%Backpack0.4439+0.169%Variational Omni0.4439+0.178%BloFin0.4439+0.181%
Kraken Futures0.4440+0.204%
Phoenix0.4440+0.205%Lighter0.4442+0.246%HTX0.4442+0.248%ApeX Omni0.4444+0.293%edgeX0.4446+0.334%Coinbase International0.4453+0.497%Injective0.4463+0.722%

ONDO on 38 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit ONDOUSDT−0.023%−0.0014%4h$69.6M$114.9M50xas long as short
Gate ONDO_USDTlong0.000%+0.0056%4h$11.7M$18.8M50x
KuCoin ONDOUSDTM0.000%+0.0100%4h$13.5M$9.7M50xas long as short
Ondo Perps ONDO-USD.P+0.007%+0.0100%1h$74K$86K10xas long as short
OKX ONDO-USDT-SWAP+0.023%+0.0100%4h$17.6M$80.2M50xas long as short
MEXC ONDO_USDT+0.023%+0.0100%4h$47.2M$45.8M200xas long as short
SunX ONDO-USDT+0.023%+0.0100%4h—$1.4M20xas long as short
Reya ONDORUSDPERP+0.041%+0.1130%1h$2K—20xas long as short
Paradex ONDO-USD-PERP+0.045%+0.0100%8h$6K$910xas long as short
BingX ONDO-USDC+0.045%+0.0100%4h—$759K—as long as short
Show all 38 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Binance ONDOUSDT+0.053%+0.0100%4h$66.1M$221.6M75xas long as short
Nado ONDO-PERP+0.056%+0.0100%1h$458K$621K10xas long as short
Extended ONDO-USD+0.059%+0.0104%1h$374K$946K25xas long as short
Polymarket Perps ONDO-USD+0.063%+0.0100%1h$86K$981K10xas long as short
Orderly PERP_ONDO_USDC+0.068%+0.0098%4h$24K$8K10xas long as short
SoDEX ONDO-USD+0.068%+0.0100%1h$461$14K10xas long as short
Phemex ONDOUSDT+0.068%+0.0100%4h$4.9M$5.5M50xas long as short
RISEx ONDO/USDC+0.070%+0.0100%1h——5xas long as short
gTrade (Gains Network) ONDO/USD+0.072%L +0.0003% / S −0.0007%1h$7K—150xas long as short
GMX ONDO/USD [ETH-USDC]+0.073%L +0.0620% / S −0.0218%1h$542K—100xas long as short
01 Exchange ONDOUSD+0.081%+0.0232%1h$365$1K10xas long as short
Bitget ONDOUSDT+0.090%+0.0100%4h$25.1M$42.4M50xas long as short
Aevo ONDO-PERP+0.102%+0.0104%1h$35K—3xas long as short
Deribit ONDO_USDC-PERPETUAL+0.113%+0.0201%1h$20K$333K25xas long as short
Hyperliquid ONDO+0.133%+0.0100%1h$40.3M$26.1M10xas long as short
Aster ONDOUSDT+0.135%+0.0100%4h$749K$1.9M20xas long as short
dYdX ONDO-USD+0.144%+0.8905%1h$251K$116K5xas long as short
Backpack ONDO_USDC_PERP+0.147%+0.0100%1h$241K$862K15xas long as short
Variational Omni ONDO+0.155%−0.0060%4h$772K$2.1M—as long as short
BloFin ONDO-USDT+0.158%+0.0340%4h$3.3M$3.2M75xas long as short
Kraken Futures PF_ONDOUSDshort+0.181%+0.0446%1h$3.6M$4.9M50x
Phoenix ONDO+0.183%+0.0143%1h$28K$263K10xas long as short
Lighter ONDO+0.223%+0.0416%1h$1.2M$1.8M10xas long as short
HTX ONDO-USDT+0.226%+0.0100%4h$110K$525K50xas long as short
ApeX Omni ONDOUSDT+0.271%+0.0100%1h$177K$307K50xas long as short
edgeX ONDOUSDC+0.311%+0.0100%4h$5K$320K20xas long as short
Coinbase International ONDO-PERP-INTX+0.474%+0.0560%1h$348K$787K50xas long as short
Injective ONDO/USDC PERP+0.699%−0.0508%1h$1K$49K5.5xas long as short