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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)+0.214%
7d average+0.080%if it closes, per $10,000$21funding while held, a day+$13.66
Long on GMXShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX ONDO/USD [ETH-USDC]0.4503L +0.0567% / S −0.0189%pay 0.0071% / 1h40m 24s$512K—100x
ShortKraken Futures PF_ONDOUSD0.45130.1022get 0.0128% / 1h40m 24s$3.6M$5.1M50x

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
$21.43
Funding while held
$13.66
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$13.09
Spread needed to break even
0.220%
Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 5 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0455%
Per $10,000 a day
+$13.66
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 GMX no order-book sample—————
Sell Kraken Futures live order book, 5 min ago16.59 bp23.6 bp −$2434.7 bp −$347979.5 bp −$98.0Kdoesn't fit
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.
Injective0.4445cheapestBybit0.4488+0.967%OKX0.4490+1.012%MEXC0.4491+1.035%KuCoin0.4491+1.035%Reya0.4491+1.045%Variational Omni0.4493+1.090%gTrade (Gains Network)0.4494+1.096%Gate0.4494+1.102%Binance0.4496+1.141%Extended0.4496+1.142%Paradex0.4496+1.144%BingX0.4496+1.147%Polymarket Perps0.4496+1.156%Bitget0.4497+1.170%Hyperliquid0.4497+1.179%RISEx0.4498+1.181%Ondo Perps0.4498+1.188%Aster0.4498+1.198%01 Exchange0.4499+1.224%dYdX0.4500+1.238%Nado0.4501+1.265%BloFin0.4502+1.282%Lighter0.4503+1.303%
GMX0.4503+1.313%
Phemex0.4504+1.327%Orderly0.4505+1.350%Backpack0.4506+1.381%SoDEX0.4507+1.395%Deribit0.4509+1.440%SunX0.4510+1.462%HTX0.4511+1.485%Aevo0.4512+1.519%
Kraken Futures0.4513+1.530%
Phoenix0.4526+1.831%edgeX0.4530+1.916%ApeX Omni0.4532+1.957%Coinbase International0.4540+2.137%

ONDO on 38 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective ONDO/USDC PERP−1.296%+0.1162%1h$1K$85K5.5xas long as short
Bybit ONDOUSDT−0.341%−0.0713%4h$70.4M$118.4M50xas long as short
OKX ONDO-USDT-SWAP−0.297%+0.0100%4h$18.5M$83.7M50xas long as short
MEXC ONDO_USDT−0.275%+0.0100%4h$49.2M$46.5M200xas long as short
KuCoin ONDOUSDTM−0.275%+0.0100%4h$13.7M$10.4M50xas long as short
Reya ONDORUSDPERP−0.264%+0.1127%1h$2K—20xas long as short
Variational Omni ONDO−0.221%−0.0006%4h$931K$2.0M—as long as short
gTrade (Gains Network) ONDO/USD−0.214%L +0.0003% / S −0.0010%1h$10K—150xas long as short
Gate ONDO_USDT−0.208%−0.0050%4h$11.8M$18.9M50xas long as short
Binance ONDOUSDT−0.170%+0.0100%4h$68.3M$229.6M75xas long as short
Show all 38 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended ONDO-USD−0.169%+0.0104%1h$381K$1.1M25xas long as short
Paradex ONDO-USD-PERP−0.167%+0.0100%8h$6K$910xas long as short
BingX ONDO-USDC−0.164%+0.0100%4h—$766K—as long as short
Polymarket Perps ONDO-USD−0.155%+0.0100%1h$90K$1.0M10xas long as short
Bitget ONDOUSDT−0.141%+0.0100%4h$25.4M$44.3M50xas long as short
Hyperliquid ONDO−0.133%+0.0194%1h$41.0M$28.2M10xas long as short
RISEx ONDO/USDC−0.130%+0.0100%1h——5xas long as short
Ondo Perps ONDO-USD.P−0.124%+0.0100%1h$75K$95K10xas long as short
Aster ONDOUSDT−0.114%+0.0100%4h$750K$1.8M20xas long as short
01 Exchange ONDOUSD−0.088%+0.0264%1h$370$1K10xas long as short
dYdX ONDO-USD−0.074%+0.2731%1h$250K$105K5xas long as short
Nado ONDO-PERP−0.047%+0.0100%1h$483K$621K10xas long as short
BloFin ONDO-USDT−0.030%+0.0340%4h$3.4M$3.5M75xas long as short
Lighter ONDO−0.010%+0.0464%1h$1.2M$2.0M10xas long as short
GMX ONDO/USD [ETH-USDC]long0.000%L +0.0567% / S −0.0189%1h$512K—100x
Phemex ONDOUSDT+0.014%+0.0100%4h$5.0M$5.3M50xas long as short
Orderly PERP_ONDO_USDC+0.036%+0.0093%4h$25K$8K10xas long as short
Backpack ONDO_USDC_PERP+0.067%+0.0100%1h$239K$867K15xas long as short
SoDEX ONDO-USD+0.081%+0.0100%1h$468$15K10xas long as short
Deribit ONDO_USDC-PERPETUAL+0.125%+0.0194%1h$32K$321K25xas long as short
SunX ONDO-USDT+0.147%+0.0100%4h—$1.4M20xas long as short
HTX ONDO-USDT+0.169%+0.0100%4h$132K$487K50xas long as short
Aevo ONDO-PERP+0.203%+0.0104%1h$36K—3xas long as short
Kraken Futures PF_ONDOUSDshort+0.214%+0.1022%1h$3.6M$5.1M50x
Phoenix ONDO+0.511%+0.0162%1h$28K$244K10xas long as short
edgeX ONDOUSDC+0.595%+0.0100%4h$5K$317K20xas long as short
ApeX Omni ONDOUSDT+0.636%+0.0100%1h$183K$387K50xas long as short
Coinbase International ONDO-PERP-INTX+0.813%+0.0464%1h$358K$850K50xas long as short