After costs, if the gap returns to its 7d average, $10k−$57
spread now−0.247%7d average−0.047%fees + slippage, in and out−$37spread needed0.370%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ONDO_USDC_PERP | 0.4379 | 0.0100 | pay 0.0013% / 1h | 55m 52s | $250K | $893K | 15x |
| Short | Bybit ONDOUSDT | 0.4368 | 0.0100 | get 0.0050% / 4h | 1h 55m | $68.6M | $115.3M | 50x |
Backpack ONDO_USDC_PERP
Bybit ONDOUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$24.66
- Funding while held
- $0
- Slippage, 4 orders
- −$16.04
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$61.71
- Spread needed to break even
- 0.370%
Slippage from Backpack: live order book, 45 min ago; Bybit: live order book, 5 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Backpack live order book, 45 min ago | 1.13 bp | 12.7 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.14 bp | 7.8 bp −$8 | 14.0 bp −$140 | 54.0 bp −$5,403 | doesn't fit |
ONDO price on every exchange
against the cheapest. Click to use as the short leg.Bitget0.4363cheapestExtended0.4364+0.022%KuCoin0.4365+0.046%Gate0.4366+0.069%
Bitget
Extended
KuCoin
GateBybit0.4368+0.115%
MEXC0.4368+0.115%BingX0.4368+0.115%OKX0.4369+0.138%Binance0.4370+0.166%Aster0.4377+0.317%Phemex0.4377+0.321%gTrade (Gains Network)0.4378+0.337%GMX0.4378+0.340%
MEXC
BingX
OKX
Binance
Aster
Phemex
gTrade (Gains Network)
GMXBackpack0.4379+0.362%
Orderly0.4379+0.367%SunX0.4379+0.367%SoDEX0.4379+0.367%Paradex0.4379+0.370%Reya0.4379+0.378%Nado0.4380+0.390%BloFin0.4380+0.390%Hyperliquid0.4380+0.391%RISEx0.4381+0.410%Deribit0.4381+0.413%Polymarket Perps0.4381+0.415%Aevo0.4382+0.430%Kraken Futures0.4382+0.442%dYdX0.4383+0.465%Lighter0.4384+0.484%01 Exchange0.4385+0.507%Ondo Perps0.4391+0.644%HTX0.4392+0.665%ApeX Omni0.4394+0.711%Variational Omni0.4395+0.732%Coinbase International0.4395+0.733%edgeX0.4397+0.776%Phoenix0.4397+0.779%Injective0.4463+2.292%
Orderly
SunX
SoDEX
Paradex
Reya
Nado
BloFin
Hyperliquid
RISEx
Deribit
Polymarket Perps
Aevo
Kraken Futures
dYdX
Lighter
Ondo Perps
HTX
ApeX Omni
Variational Omni
Coinbase International
Phoenix
InjectiveONDO on 38 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget ONDOUSDT | −0.361% | +0.0100% | 4h | $24.6M | $42.1M | 50x | as long as short |
| Extended ONDO-USD | −0.339% | +0.0104% | 1h | $368K | $939K | 25x | as long as short |
| KuCoin ONDOUSDTM | −0.315% | +0.0100% | 4h | $13.3M | $9.8M | 50x | as long as short |
| Gate ONDO_USDT | −0.292% | +0.0082% | 4h | $11.5M | $18.9M | 50x | as long as short |
| Bybit ONDOUSDTshort | −0.247% | +0.0100% | 4h | $68.6M | $115.3M | 50x | |
| MEXC ONDO_USDT | −0.247% | +0.0100% | 4h | $46.1M | $43.6M | 200x | as long as short |
| BingX ONDO-USDT | −0.247% | +0.0100% | 4h | — | $23.0M | — | as long as short |
| OKX ONDO-USDT-SWAP | −0.224% | +0.0100% | 4h | $17.2M | $79.2M | 50x | as long as short |
| Binance ONDOUSDT | −0.196% | +0.0100% | 4h | $64.7M | $222.6M | 75x | as long as short |
| Aster ONDOUSDT | −0.045% | +0.0100% | 4h | $734K | $2.0M | 20x | as long as short |