ONDO arbitrage between Kraken and HyperLiquid: we compare the price of ONDO on Kraken (spot) and HyperLiquid (futures) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

About Ondo

The Ondo Foundation was founded in 2022 as an independently governed and nonprofit Cayman Islands Foundation Company with no beneficial owners. The Ondo Foundation assisted in the launch of the Ondo DAO, which deployed and currently governs Flux Finance, the first lending protocol supporting tokenized securities as collateral. ONDO token holders are entrusted with shaping the future of the Ondo DAO so that it continues to pursue its mission to democratize access to institutional-grade finance. The Ondo DAO gives ONDO holders specific rights pertaining to Flux Finance, which is currently governed by the Ondo DAO.

Decentralized Finance (DeFi), Ethereum Ecosystem, Real World Assets (RWA), Coinbase Ventures Portfolio

Open interest in ONDO right now — $149.9M: Binance $40.3M, Bybit $36.8M, KuCoin $20.7M, Bitget $18.0M, HyperLiquid $13.3M. See OI ONDO.

News about ONDO

About ONDO arbitrage

How do I read the ONDO spread?

The spread is how many percent higher ONDO trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on Kraken and HyperLiquid. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get ONDO alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.