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−$203
spread now−0.023%7d average−0.016%fees + slippage, in and out−$202spread needed2.019%
Long on PhemexShort on dYdX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex ONDOUSDT0.44160.0100pay 0.0050% / 4h1h 51m$4.9M$5.6M50x
ShortdYdX ONDO-USD0.44150.7845get 0.0981% / 1h51m 34s$250K$116K5x

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
−$2.26
Funding while held
$232.34
Slippage, 4 orders
−$179.91
Fee Phemex: 6 bp × 2 orders
−$12
Fee dYdX: 5 bp × 2 orders
−$10
Net
$28.16
Spread needed to break even
2.019%
Slippage from Phemex: live order book, 4 min ago; dYdX: live order book, 49 min ago.

Cost of waiting

funding view
Funding /8h
+0.7745%
Per $10,000 a day
+$232.34
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 Phemex live order book, 4 min ago5.69 bp12.0 bp −$1216.5 bp −$165doesn't fitdoesn't fit
Sell dYdX live order book, 49 min ago52.31 bp112.7 bp −$113301.6 bp −$3,016326.1 bp −$32.6K645.5 bp −$322.8K

ONDO price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni0.4381cheapestPhoenix0.4383+0.046%ApeX Omni0.4383+0.051%BloFin0.4411+0.690%edgeX0.4411+0.699%Ondo Perps0.4414+0.751%Reya0.4414+0.766%
dYdX0.4415+0.781%
Gate0.4416+0.804%MEXC0.4416+0.804%KuCoin0.4416+0.804%BingX0.4416+0.804%
Phemex0.4416+0.804%
Paradex0.4416+0.810%Extended0.4416+0.814%GMX0.4417+0.820%Kraken Futures0.4417+0.825%gTrade (Gains Network)0.4417+0.827%Orderly0.4417+0.827%SunX0.4417+0.827%SoDEX0.4417+0.827%Nado0.4417+0.838%Aevo0.4417+0.838%Backpack0.4418+0.843%OKX0.4418+0.850%Deribit0.4418+0.850%Bybit0.4419+0.872%Bitget0.4419+0.872%RISEx0.4419+0.878%Binance0.4420+0.890%Polymarket Perps0.4421+0.916%Aster0.4421+0.920%01 Exchange0.4422+0.936%Lighter0.4422+0.952%Hyperliquid0.4423+0.957%Coinbase International0.4424+0.986%HTX0.4426+1.032%Injective0.4463+1.877%

ONDO on 38 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni ONDO−0.797%+0.0014%4h$753K$2.1M—as long as short
Phoenix ONDO−0.752%+0.0145%1h$27K$249K10xas long as short
ApeX Omni ONDOUSDT−0.747%+0.0100%1h$142K$324K50xas long as short
BloFin ONDO-USDT−0.113%+0.0340%4h$3.3M$3.3M75xas long as short
edgeX ONDOUSDC−0.104%+0.0100%4h$5K$319K20xas long as short
Ondo Perps ONDO-USD.P−0.052%+0.0100%1h$74K$86K10xas long as short
Reya ONDORUSDPERP−0.037%+0.1131%1h$2K—20xas long as short
dYdX ONDO-USDshort−0.023%+0.7845%1h$250K$116K5x
Gate ONDO_USDT0.000%+0.0100%4h$11.7M$19.0M50xas long as short
MEXC ONDO_USDT0.000%+0.0100%4h$46.1M$44.0M200xas long as short
Show all 38 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin ONDOUSDTM0.000%+0.0100%4h$13.5M$9.8M50xas long as short
BingX ONDO-USDC0.000%+0.0100%4h—$760K—as long as short
Phemex ONDOUSDTlong0.000%+0.0100%4h$4.9M$5.6M50x
Paradex ONDO-USD-PERP+0.006%+0.0100%8h$6K$910xas long as short
Extended ONDO-USD+0.010%+0.0104%1h$372K$940K25xas long as short
GMX ONDO/USD [ETH-USDC]+0.016%L +0.0603% / S −0.0200%1h$543K—100xas long as short
Kraken Futures PF_ONDOUSD+0.021%+0.0574%1h$3.2M$5.5M50xas long as short
gTrade (Gains Network) ONDO/USD+0.023%L +0.0003% / S −0.0007%1h$7K—150xas long as short
Orderly PERP_ONDO_USDC+0.023%+0.0098%4h$24K$8K10xas long as short
SunX ONDO-USDT+0.023%+0.0100%4h—$1.4M20xas long as short
SoDEX ONDO-USD+0.023%+0.0100%1h$459$14K10xas long as short
Nado ONDO-PERP+0.034%+0.0100%1h$462K$631K10xas long as short
Aevo ONDO-PERP+0.034%+0.0104%1h$35K—3xas long as short
Backpack ONDO_USDC_PERP+0.038%+0.0100%1h$242K$903K15xas long as short
OKX ONDO-USDT-SWAP+0.045%+0.0100%4h$17.3M$80.1M50xas long as short
Deribit ONDO_USDC-PERPETUAL+0.045%0.0000%1h$20K$333K25xas long as short
Bybit ONDOUSDT+0.068%+0.0100%4h$69.4M$115.4M50xas long as short
Bitget ONDOUSDT+0.068%+0.0100%4h$24.8M$42.1M50xas long as short
RISEx ONDO/USDC+0.073%+0.0100%1h——5xas long as short
Binance ONDOUSDT+0.085%+0.0100%4h$65.5M$222.9M75xas long as short
Polymarket Perps ONDO-USD+0.111%+0.0100%1h$85K$980K10xas long as short
Aster ONDOUSDT+0.115%+0.0110%4h$743K$2.0M20xas long as short
01 Exchange ONDOUSD+0.131%+0.0288%1h$364$1K10xas long as short
Lighter ONDO+0.147%+0.0408%1h$1.2M$1.6M10xas long as short
Hyperliquid ONDO+0.152%+0.0100%1h$39.4M$26.6M10xas long as short
Coinbase International ONDO-PERP-INTX+0.181%+0.0592%1h$335K$803K50xas long as short
HTX ONDO-USDT+0.226%+0.0100%4h$109K$526K50xas long as short
Injective ONDO/USDC PERP+1.064%+0.0033%1h$1K$49K5.5xas long as short