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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)−0.444%
7d average−0.120%if it closes, per $10,000$44funding while held, a day−$5.64
Long on LighterShort on Ondo Perps
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ONDO0.45020.0288pay 0.0036% / 1h50m 25s$1.2M$2.0M10x
ShortOndo Perps ONDO-USD.P0.44820.0100get 0.0013% / 1h50m 25s$75K$94K10x

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
−$44.42
Funding while held
−$5.64
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$55.06
Spread needed to break even
0.050%
Slippage unknown: Lighter: live order book, 3 min ago; Ondo Perps: no order-book sample. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0188%
Per $10,000 a day
−$5.64
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 Lighter live order book, 3 min ago4.46 bp10.5 bp −$1134.4 bp −$344doesn'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.
ApeX Omni0.4475cheapestInjective0.4476+0.022%edgeX0.4478+0.070%Variational Omni0.4481+0.133%
Ondo Perps0.4482+0.159%
Phoenix0.4485+0.223%gTrade (Gains Network)0.4486+0.254%MEXC0.4487+0.268%Bybit0.4488+0.291%OKX0.4488+0.291%Reya0.4488+0.298%01 Exchange0.4490+0.344%Binance0.4491+0.348%RISEx0.4491+0.352%KuCoin0.4491+0.358%Bitget0.4491+0.358%Coinbase International0.4491+0.358%Paradex0.4491+0.361%Gate0.4492+0.380%BingX0.4492+0.380%Orderly0.4492+0.380%Polymarket Perps0.4492+0.384%Extended0.4493+0.396%SunX0.4493+0.402%SoDEX0.4493+0.402%BloFin0.4493+0.402%Aevo0.4493+0.412%Deribit0.4494+0.425%Phemex0.4494+0.425%GMX0.4495+0.445%Hyperliquid0.4495+0.451%Nado0.4496+0.458%Aster0.4496+0.461%Kraken Futures0.4498+0.520%dYdX0.4498+0.522%Backpack0.4500+0.552%
Lighter0.4502+0.606%
HTX0.4503+0.626%

ONDO on 38 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
ApeX Omni ONDOUSDT−0.602%+0.0100%1h$183K$341K50xas long as short
Injective ONDO/USDC PERP−0.580%+0.0015%1h$1K$134K5.5xas long as short
edgeX ONDOUSDC−0.532%+0.0100%4h$5K$317K20xas long as short
Variational Omni ONDO−0.470%+0.0100%4h$922K$2.0M—as long as short
Ondo Perps ONDO-USD.Pshort−0.444%+0.0100%1h$75K$94K10x
Phoenix ONDO−0.380%+0.0036%1h$27K$224K10xas long as short
gTrade (Gains Network) ONDO/USD−0.350%L +0.0003% / S −0.0007%1h$7K—150xas long as short
MEXC ONDO_USDT−0.335%+0.0100%4h$50.9M$44.2M200xas long as short
Bybit ONDOUSDT−0.313%+0.0100%4h$70.4M$115.1M50xas long as short
OKX ONDO-USDT-SWAP−0.313%+0.0100%4h$18.6M$81.2M50xas long as short
Show all 38 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Reya ONDORUSDPERP−0.305%+0.1125%1h$2K—20xas long as short
01 Exchange ONDOUSD−0.260%+0.0256%1h$370$1K10xas long as short
Binance ONDOUSDT−0.256%+0.0100%4h$67.5M$220.4M75xas long as short
RISEx ONDO/USDC−0.252%+0.0100%1h——5xas long as short
KuCoin ONDOUSDTM−0.247%+0.0100%4h$14.0M$10.3M50xas long as short
Bitget ONDOUSDT−0.247%+0.0100%4h$25.2M$43.1M50xas long as short
Coinbase International ONDO-PERP-INTX−0.247%+0.0448%1h$350K$817K50xas long as short
Paradex ONDO-USD-PERP−0.243%+0.0100%8h$6K$910xas long as short
Gate ONDO_USDT−0.224%−0.0022%4h$11.8M$19.5M50xas long as short
BingX ONDO-USDT−0.224%+0.0100%4h—$23.0M—as long as short
Orderly PERP_ONDO_USDC−0.224%+0.0093%4h$25K$6K10xas long as short
Polymarket Perps ONDO-USD−0.220%+0.0100%1h$82K$972K10xas long as short
Extended ONDO-USD−0.209%+0.0104%1h$388K$1.1M25xas long as short
SunX ONDO-USDT−0.202%+0.0100%4h—$1.4M20xas long as short
SoDEX ONDO-USD−0.202%+0.0100%1h$2K$8K10xas long as short
BloFin ONDO-USDT−0.202%+0.0340%4h$3.4M$3.4M75xas long as short
Aevo ONDO-PERP−0.192%+0.0104%1h$35K—3xas long as short
Deribit ONDO_USDC-PERPETUAL−0.180%0.0000%1h$36K$238K25xas long as short
Phemex ONDOUSDT−0.180%+0.0100%4h$4.9M$4.9M50xas long as short
GMX ONDO/USD [ETH-USDC]−0.159%L +0.0570% / S −0.0190%1h$512K—100xas long as short
Hyperliquid ONDO−0.153%+0.0279%1h$41.9M$28.0M10xas long as short
Nado ONDO-PERP−0.146%+0.0100%1h$444K$527K10xas long as short
Aster ONDOUSDT−0.144%+0.0100%4h$686K$1.6M20xas long as short
Kraken Futures PF_ONDOUSD−0.085%+0.0819%1h$3.5M$4.9M50xas long as short
dYdX ONDO-USD−0.083%+0.7206%1h$160K$11K5xas long as short
Backpack ONDO_USDC_PERP−0.053%+0.0100%1h$293K$652K15xas long as short
Lighter ONDOlong0.000%+0.0288%1h$1.2M$2.0M10x
HTX ONDO-USDT+0.020%+0.0100%4h$128K$563K50xas long as short