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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)−0.411%
7d average−0.091%if it closes, per $10,000$41funding while held, a day−$22.17
Long on Kraken FuturesShort on Ondo Perps
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ONDOUSD0.43890.0839pay 0.0105% / 1h31m 42s$3.4M$4.9M50x
ShortOndo Perps ONDO-USD.P0.43710.0100get 0.0013% / 1h31m 42s$73K$92K10x

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
−$41.13
Funding while held
−$22.17
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$78.3
Spread needed to break even
0.150%
Slippage unknown: Kraken Futures: live order book, 4 min ago; Ondo Perps: no order-book sample. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0739%
Per $10,000 a day
−$22.17
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 ago6.82 bp15.4 bp −$1525.5 bp −$255doesn't fitdoesn't fit
Sell Ondo Perps no order-book sample—————
Ondo Perps: 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.
Ondo Perps0.4371cheapest
Extended0.4379+0.183%Gate0.4380+0.199%Bybit0.4382+0.245%KuCoin0.4382+0.245%dYdX0.4383+0.265%Paradex0.4383+0.268%OKX0.4383+0.268%BingX0.4383+0.268%Binance0.4384+0.284%Aster0.4384+0.288%Orderly0.4384+0.291%SoDEX0.4384+0.291%Deribit0.4384+0.291%Backpack0.4384+0.293%Bitget0.4385+0.313%MEXC0.4386+0.336%Phemex0.4386+0.336%GMX0.4386+0.343%gTrade (Gains Network)0.4387+0.349%Hyperliquid0.4387+0.355%Nado0.4387+0.359%Reya0.4388+0.380%
Kraken Futures0.4389+0.413%
RISEx0.4389+0.413%ApeX Omni0.4390+0.428%Polymarket Perps0.4390+0.428%SunX0.4390+0.428%Lighter0.4391+0.444%Aevo0.4391+0.450%01 Exchange0.4394+0.517%Variational Omni0.4394+0.521%HTX0.4395+0.542%edgeX0.4395+0.543%BloFin0.4397+0.588%Phoenix0.4403+0.734%Coinbase International0.4418+1.068%Injective0.4419+1.091%

ONDO on 38 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Ondo Perps ONDO-USD.Pshort−0.411%+0.0100%1h$73K$92K10x
Extended ONDO-USD−0.229%+0.0104%1h$372K$1.1M25xas long as short
Gate ONDO_USDT−0.213%−0.0016%4h$11.5M$20.0M50xas long as short
Bybit ONDOUSDT−0.167%+0.0100%4h$68.9M$118.5M50xas long as short
KuCoin ONDOUSDTM−0.167%+0.0100%4h$13.4M$10.6M50xas long as short
dYdX ONDO-USD−0.147%+0.8242%1h$243K$101K5xas long as short
Paradex ONDO-USD-PERP−0.145%+0.0100%8h$6K$910xas long as short
OKX ONDO-USDT-SWAP−0.145%+0.0100%4h$17.9M$81.4M50xas long as short
BingX ONDO-USDT−0.145%+0.0100%4h—$23.5M—as long as short
Binance ONDOUSDT−0.128%+0.0100%4h$66.0M$227.1M75xas long as short
Show all 38 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aster ONDOUSDT−0.124%+0.0100%4h$699K$1.7M20xas long as short
Orderly PERP_ONDO_USDC−0.122%+0.0093%4h$24K$6K10xas long as short
SoDEX ONDO-USD−0.122%+0.0100%1h$456$9K10xas long as short
Deribit ONDO_USDC-PERPETUAL−0.122%0.0000%1h$35K$238K25xas long as short
Backpack ONDO_USDC_PERP−0.120%+0.0100%1h$275K$792K15xas long as short
Bitget ONDOUSDT−0.099%+0.0100%4h$24.7M$44.1M50xas long as short
MEXC ONDO_USDT−0.076%+0.0100%4h$45.3M$46.0M200xas long as short
Phemex ONDOUSDT−0.076%+0.0100%4h$4.8M$5.1M50xas long as short
GMX ONDO/USD [ETH-USDC]−0.070%L +0.0563% / S −0.0190%1h$500K—100xas long as short
gTrade (Gains Network) ONDO/USD−0.064%L +0.0003% / S −0.0007%1h$7K—150xas long as short
Hyperliquid ONDO−0.058%+0.0263%1h$40.0M$29.1M10xas long as short
Nado ONDO-PERP−0.054%+0.0100%1h$422K$571K10xas long as short
Reya ONDORUSDPERP−0.033%+0.1126%1h$2K—20xas long as short
Kraken Futures PF_ONDOUSDlong0.000%+0.0839%1h$3.4M$4.9M50x
RISEx ONDO/USDC0.000%+0.0100%1h——5xas long as short
ApeX Omni ONDOUSDT+0.015%+0.0100%1h$180K$359K50xas long as short
Polymarket Perps ONDO-USD+0.015%+0.0100%1h$89K$1.0M10xas long as short
SunX ONDO-USDT+0.015%+0.0100%4h—$1.4M20xas long as short
Lighter ONDO+0.031%+0.0440%1h$1.2M$2.0M10xas long as short
Aevo ONDO-PERP+0.037%+0.0104%1h$35K—3xas long as short
01 Exchange ONDOUSD+0.104%+0.0352%1h$362$1K10xas long as short
Variational Omni ONDO+0.108%+0.0100%4h$920K$2.0M—as long as short
HTX ONDO-USDT+0.129%+0.0100%4h$128K$553K50xas long as short
edgeX ONDOUSDC+0.130%+0.0100%4h$5K$318K20xas long as short
BloFin ONDO-USDT+0.174%+0.0340%4h$3.4M$3.3M75xas long as short
Phoenix ONDO+0.320%+0.0036%1h$27K$224K10xas long as short
Coinbase International ONDO-PERP-INTX+0.653%+0.0448%1h$341K$813K50xas long as short
Injective ONDO/USDC PERP+0.675%+0.0015%1h$995$134K5.5xas long as short