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−$32
spread now−0.022%7d average−0.070%fees + slippage, in and out−$36spread needed0.365%
Long on Polymarket PerpsShort on Bitget
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps ONDO-USD0.44520.0100pay 0.0013% / 1h33m 28s$85K$1.0M10x
ShortBitget ONDOUSDT0.44510.0100get 0.0050% / 4h2h 33m$25.2M$43.6M50x

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
−$2.25
Funding while held
$0
Slippage, 4 orders
−$16.48
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$38.72
Spread needed to break even
0.365%
Slippage from Polymarket Perps: live order book, 1 min ago; Bitget: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
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 Polymarket Perps live order book, 1 min ago2.92 bp7.1 bp −$77.4 bp −$74doesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago2.24 bp11.5 bp −$1119.6 bp −$19668.6 bp −$6,859doesn't fit

ONDO price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni0.4439cheapestPhoenix0.4445+0.141%Bybit0.4447+0.184%OKX0.4447+0.184%Gate0.4447+0.184%edgeX0.4447+0.193%Nado0.4448+0.201%Extended0.4448+0.206%dYdX0.4448+0.213%RISEx0.4449+0.224%KuCoin0.4449+0.229%BingX0.4449+0.229%Phemex0.4449+0.229%Reya0.4450+0.244%SoDEX0.4450+0.252%Binance0.4451+0.263%MEXC0.4451+0.274%
Bitget0.4451+0.274%
Paradex0.4451+0.274%Backpack0.4451+0.279%
Polymarket Perps0.4452+0.297%
Orderly0.4452+0.297%Aevo0.4452+0.297%Deribit0.4452+0.297%Hyperliquid0.4452+0.306%GMX0.4453+0.311%gTrade (Gains Network)0.4453+0.318%SunX0.4453+0.319%Aster0.4453+0.323%Kraken Futures0.4454+0.346%01 Exchange0.4454+0.351%Lighter0.4457+0.405%ApeX Omni0.4460+0.477%Coinbase International0.4460+0.477%BloFin0.4462+0.522%Injective0.4463+0.544%Ondo Perps0.4463+0.547%HTX0.4470+0.702%

ONDO on 38 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni ONDO−0.296%−0.0039%4h$773K$2.1M—as long as short
Phoenix ONDO−0.155%+0.0143%1h$28K$263K10xas long as short
Bybit ONDOUSDT−0.112%+0.0066%4h$70.2M$115.6M50xas long as short
OKX ONDO-USDT-SWAP−0.112%+0.0100%4h$17.7M$81.2M50xas long as short
Gate ONDO_USDT−0.112%+0.0100%4h$11.7M$18.7M50xas long as short
edgeX ONDOUSDC−0.103%+0.0100%4h$5K$320K20xas long as short
Nado ONDO-PERP−0.095%+0.0100%1h$460K$630K10xas long as short
Extended ONDO-USD−0.091%+0.0104%1h$376K$1.0M25xas long as short
dYdX ONDO-USD−0.084%+0.8619%1h$252K$116K5xas long as short
RISEx ONDO/USDC−0.073%+0.0100%1h——5xas long as short
Show all 38 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin ONDOUSDTM−0.067%+0.0100%4h$13.6M$9.8M50xas long as short
BingX ONDO-USDT−0.067%+0.0100%4h—$23.1M—as long as short
Phemex ONDOUSDT−0.067%+0.0100%4h$4.9M$5.5M50xas long as short
Reya ONDORUSDPERP−0.053%+0.1130%1h$2K—20xas long as short
SoDEX ONDO-USD−0.045%+0.0100%1h$463$14K10xas long as short
Binance ONDOUSDT−0.033%+0.0100%4h$66.5M$224.1M75xas long as short
MEXC ONDO_USDT−0.022%+0.0100%4h$47.7M$45.6M200xas long as short
Bitget ONDOUSDTshort−0.022%+0.0100%4h$25.2M$43.6M50x
Paradex ONDO-USD-PERP−0.022%+0.0100%8h$6K$910xas long as short
Backpack ONDO_USDC_PERP−0.018%+0.0100%1h$241K$865K15xas long as short
Polymarket Perps ONDO-USDlong0.000%+0.0100%1h$85K$1.0M10x
Orderly PERP_ONDO_USDC0.000%+0.0095%4h$24K$8K10xas long as short
Aevo ONDO-PERP0.000%+0.0104%1h$35K—3xas long as short
Deribit ONDO_USDC-PERPETUAL0.000%+0.0424%1h$20K$339K25xas long as short
Hyperliquid ONDO+0.009%+0.0100%1h$40.5M$26.3M10xas long as short
GMX ONDO/USD [ETH-USDC]+0.014%L +0.0605% / S −0.0210%1h$534K—100xas long as short
gTrade (Gains Network) ONDO/USD+0.021%L +0.0003% / S −0.0007%1h$7K—150xas long as short
SunX ONDO-USDT+0.022%+0.0100%4h—$1.4M20xas long as short
Aster ONDOUSDT+0.026%+0.0100%4h$751K$1.9M20xas long as short
Kraken Futures PF_ONDOUSD+0.049%+0.0445%1h$3.6M$4.9M50xas long as short
01 Exchange ONDOUSD+0.054%+0.0232%1h$367$1K10xas long as short
Lighter ONDO+0.108%+0.0368%1h$1.2M$1.8M10xas long as short
ApeX Omni ONDOUSDT+0.180%+0.0100%1h$177K$307K50xas long as short
Coinbase International ONDO-PERP-INTX+0.180%+0.0560%1h$349K$788K50xas long as short
BloFin ONDO-USDT+0.225%+0.0340%4h$3.3M$3.3M75xas long as short
Injective ONDO/USDC PERP+0.247%−0.0508%1h$1K$49K5.5xas long as short
Ondo Perps ONDO-USD.P+0.249%+0.0100%1h$74K$87K10xas long as short
HTX ONDO-USDT+0.404%+0.0100%4h$111K$532K50xas long as short