Ondo
×
Ondo
Delta-neutral on two Ondo accounts
One account posts a quote and waits. The moment it fills, the second account takes the opposite side on the same market. You hold both sides at once, so the price can go wherever it likes and your position value barely moves. What you farm is volume, not direction.
two Ondo accounts · one market · ~zero directional risk
Picture one cycle. Leg A rests a sell order just above the market and waits for a buyer. Someone buys — leg A is now short. In the same second leg B buys the same size, so leg B is long by exactly as much. Together the two cancel out: net delta ≈ 0.
The pair holds that for a minute or two, closes both sides, and starts again. Every open and every close adds to your traded volume. Because the resting leg never crosses the spread, it pays the cheaper maker fee — and on many markets it earns the spread instead of paying it.
Roles swap every cycle: whichever leg is resting is the one earning the spread, so both accounts do the same amount of work over time.
Two Ondo accounts — two different wallets. This is not a preference, it is arithmetic: one
account cannot buy from itself. The venue would reject the trade, or you'd pay a fee to move money
from your left pocket to your right one.
Money on both. The bot sizes every quote by the smaller of the two accounts, because the smaller one is what limits the hedge. $100 on one and $20 on the other trades like $20 on both.
Our invite code on at least one account — 867C4M. That account is
what unlocks Ondo for you on Vesper. Use it on both if you can: it takes 20% off trading
fees, and here both accounts trade equally, so half the discount is wasted otherwise.
Your wallet signs every action. The operator never holds custody, and both venue keys are trade-only — they cannot withdraw your funds, and you can revoke them whenever you want.
Create two Ondo accounts through the invite
Open app.ondoperps.xyz/?ref=867C4M,
connect your first wallet and sign in. If Ondo asks for a referral code, enter
867C4M. Fund the account with the Deposit button.
Now switch to your second wallet in the extension and do the same. Fund it too — this one is the hedge leg.
⚑ The code is required on at least one account
That one account is what opens Ondo for you on Vesper. The second account works without it — but it will pay full fees, and in this mode it trades exactly as much as the first. Using the code on both is simply cheaper.
Connect the first account
Go to sypherscore.com/vesper/connect, pick the Ondo venue and connect the wallet of your first account. You sign once, and Ondo hands Vesper a trade-only key: it can place and cancel orders and nothing else.
Choose Delta-neutral
Open Strategy & risk and pick the mode marked Delta-neutral · Two Ondo accounts.
The strategy list. Delta-neutral is the last one, marked NEW. Picking it opens the second-account step right below.
Link the second account — two signatures
A card appears asking for the hedge leg. Press Connect second Ondo account.
This card only appears in this mode.
A small window opens with four steps. Read it slowly — you switch wallets in the middle.
Leg A is the account you already connected. Leg B is the one you're adding.
Sign with the first account. This only proves the session is yours. Nothing is sent to the venue yet.
Switch your wallet to the second account. Do it in the wallet extension itself. Opening another browser tab will not help — the extension gives every page whichever account is active right now.
Sign in to Ondo with that second account. Ondo issues a trade-only key for it, exactly as it did for the first.
Switch back to the first account. The session is started and signed by the first one. This step ticks itself once your wallet is back.
If the window says your wallet is on the wrong account, it is telling the truth — switch in the extension and press again. If it says the accounts must differ, you are still on the first wallet.
Margin, leverage and hold time
Under How much to deploy you'll see both balances and a line that reads sizing on the smaller. That is the whole story of this mode: the pair can only be as big as its smaller leg. If the slider looks narrow, top up the second account — not the first.
Hold time is how long the pair stays open before it closes and re-opens. Short windows (1–2 minutes) turn over more volume; long ones trade less and pay fewer fees.
⚑ Set a stop-loss before you start
It defaults to zero, and zero means no limit at all. The pair is built to be market-neutral, but an exchange can hiccup and one leg can sit alone for a while. The stop-loss ends the session if the combined balance of both accounts drops by more than you allowed.
Press Start
You sign once more — that signature authorises the session, and no funds move. Within seconds the first leg posts a quote. When it fills, the hedge follows in well under a second and the panel reads pair neutral.
Ondo · A and Ondo · B — your two legs. In a healthy pair they are equal and
opposite: +0.02 against −0.02.
Net delta — the two legs added together. ≈ neutral is what you want to see.
Volume — what you came for. It grows on every fill, on the way in and on the way out.
Cost per $1M of volume: what a million dollars of turnover costs you, fees and slippage included. It stays blank until there is enough volume to measure honestly — a number from three fills is noise, not a measurement.
Neither key can withdraw. Both are trade-only, issued by Ondo, and you can revoke them on Ondo at any moment.
Quiet markets fill slowly. Tokenised stocks follow the US session — on a weekend nobody trades them, so a resting order can sit for hours. Gold is calmer but also thin outside the week. If you want cycles right now, pick a market that trades 24/7.
The exit waits on purpose. When a cycle ends the bot rests the closing order instead of crossing the spread: cancelling and chasing costs you your place in the queue, and the queue is where the money is. If it truly cannot fill, it finishes with a taker order rather than leaving the leg hanging.
The second account is locked while the pair runs. You cannot start an ordinary session on it at the same time — two bots on one account would cancel each other's orders.
Ondo invite code 867C4M — required on at least one account,
worth using on both