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−$66
spread now−0.031%7d average+0.027%fees + slippage, in and out−$60spread needed0.599%
Long on Kraken FuturesShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ONDOUSD0.45130.1022pay 0.0128% / 1h40m 57s$3.6M$5.1M50x
ShortLighter ONDO0.45120.0464get 0.0058% / 1h40m 57s$1.2M$2.0M10x

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
−$3.14
Funding while held
−$16.75
Slippage, 4 orders
−$49.86
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$79.76
Spread needed to break even
0.599%
Slippage from Kraken Futures: live order book, 4 min ago; Lighter: live order book, 7 min ago.

Cost of waiting

funding view
Funding /8h
−0.0558%
Per $10,000 a day
−$16.75
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 Kraken Futures live order book, 4 min ago16.59 bp23.2 bp −$2334.0 bp −$340doesn't fitdoesn't fit
Sell Lighter live order book, 7 min ago4.53 bp4.9 bp −$515.5 bp −$155doesn't fitdoesn't fit

ONDO price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.4445cheapestBybit0.4495+1.125%OKX0.4495+1.125%Ondo Perps0.4498+1.188%Paradex0.4498+1.192%Reya0.4499+1.215%Gate0.4501+1.260%BingX0.4501+1.260%Nado0.4501+1.265%Binance0.4501+1.268%BloFin0.4502+1.282%RISEx0.4503+1.295%GMX0.4503+1.313%gTrade (Gains Network)0.4504+1.322%Polymarket Perps0.4504+1.325%MEXC0.4504+1.327%Phemex0.4504+1.327%Orderly0.4505+1.350%01 Exchange0.4506+1.363%Hyperliquid0.4506+1.379%Backpack0.4506+1.381%KuCoin0.4507+1.395%Bitget0.4507+1.395%SoDEX0.4507+1.395%Aster0.4507+1.399%Extended0.4508+1.407%Deribit0.4509+1.440%SunX0.4510+1.462%HTX0.4511+1.485%
Lighter0.4512+1.498%
Variational Omni0.4512+1.501%Aevo0.4512+1.519%
Kraken Futures0.4513+1.530%
dYdX0.4516+1.609%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−1.507%+0.1162%1h$1K$85K5.5xas long as short
Bybit ONDOUSDT−0.399%−0.0734%4h$70.5M$118.5M50xas long as short
OKX ONDO-USDT-SWAP−0.399%+0.0100%4h$18.6M$83.9M50xas long as short
Ondo Perps ONDO-USD.P−0.337%+0.0100%1h$75K$95K10xas long as short
Paradex ONDO-USD-PERP−0.333%+0.0100%8h$6K$910xas long as short
Reya ONDORUSDPERP−0.311%+0.1127%1h$2K—20xas long as short
Gate ONDO_USDT−0.266%−0.0030%4h$11.8M$18.9M50xas long as short
BingX ONDO-USDC−0.266%+0.0100%4h—$766K—as long as short
Nado ONDO-PERP−0.261%+0.0100%1h$483K$621K10xas long as short
Binance ONDOUSDT−0.258%+0.0100%4h$68.3M$229.7M75xas long as short
Show all 38 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BloFin ONDO-USDT−0.244%+0.0340%4h$3.4M$3.5M75xas long as short
RISEx ONDO/USDC−0.232%+0.0100%1h——5xas long as short
GMX ONDO/USD [ETH-USDC]−0.214%L +0.0567% / S −0.0189%1h$512K—100xas long as short
gTrade (Gains Network) ONDO/USD−0.205%L +0.0003% / S −0.0010%1h$10K—150xas long as short
Polymarket Perps ONDO-USD−0.202%+0.0100%1h$90K$1.0M10xas long as short
MEXC ONDO_USDT−0.200%+0.0100%4h$49.3M$46.5M200xas long as short
Phemex ONDOUSDT−0.200%+0.0100%4h$5.0M$5.3M50xas long as short
Orderly PERP_ONDO_USDC−0.178%+0.0093%4h$25K$8K10xas long as short
01 Exchange ONDOUSD−0.164%+0.0264%1h$371$1K10xas long as short
Hyperliquid ONDO−0.149%+0.0198%1h$41.1M$28.2M10xas long as short
Backpack ONDO_USDC_PERP−0.147%+0.0100%1h$239K$867K15xas long as short
KuCoin ONDOUSDTM−0.133%+0.0100%4h$13.8M$10.4M50xas long as short
Bitget ONDOUSDT−0.133%+0.0100%4h$25.4M$44.3M50xas long as short
SoDEX ONDO-USD−0.133%+0.0100%1h$468$15K10xas long as short
Aster ONDOUSDT−0.129%+0.0100%4h$752K$1.8M20xas long as short
Extended ONDO-USD−0.122%+0.0104%1h$381K$1.1M25xas long as short
Deribit ONDO_USDC-PERPETUAL−0.089%+0.0194%1h$32K$321K25xas long as short
SunX ONDO-USDT−0.067%+0.0100%4h—$1.4M20xas long as short
HTX ONDO-USDT−0.045%+0.0100%4h$132K$487K50xas long as short
Lighter ONDOshort−0.031%+0.0464%1h$1.2M$2.0M10x
Variational Omni ONDO−0.029%+0.0048%4h$934K$2.0M—as long as short
Aevo ONDO-PERP−0.011%+0.0104%1h$36K—3xas long as short
Kraken Futures PF_ONDOUSDlong0.000%+0.1022%1h$3.6M$5.1M50x
dYdX ONDO-USD+0.077%+0.2430%1h$251K$105K5xas long as short
Phoenix ONDO+0.297%+0.0162%1h$28K$244K10xas long as short
edgeX ONDOUSDC+0.380%+0.0100%4h$5K$317K20xas long as short
ApeX Omni ONDOUSDT+0.421%+0.0100%1h$183K$387K50xas long as short
Coinbase International ONDO-PERP-INTX+0.598%+0.0464%1h$358K$850K50xas long as short