After costs, if the gap returns to its 7d average, $10k−$52
spread now+0.505%7d average+0.228%fees + slippage, in and out−$80spread needed0.800%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ONDO_USDC_PERP | 0.4477 | 0.0100 | pay 0.0013% / 1h | 27m 12s | $237K | $868K | 15x |
| Short | Coinbase International ONDO-PERP-INTX | 0.4500 | 0.0464 | get 0.0058% / 1h | 27m 12s | $355K | $840K | 50x |
Backpack ONDO_USDC_PERP
Coinbase International ONDO-PERP-INTXPrice 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
- $50.48
- Funding while held
- $10.92
- Slippage, 4 orders
- −$59.97
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$18.58
- Spread needed to break even
- 0.800%
Slippage from Backpack: live order book, 18 min ago; Coinbase International: live order book, 18 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0364%
- Per $10,000 a day
- +$10.92
- 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, 18 min ago | 2.77 bp | 9.8 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 18 min ago | 11.06 bp | 28.9 bp −$29 | 75.7 bp −$757 | doesn't fit | doesn't fit |
ONDO price on every exchange
against the cheapest. Click to use as the short leg.Injective0.4445cheapestdYdX0.4475+0.673%
Injective
dYdXBackpack0.4477+0.729%
Reya0.4479+0.760%Gate0.4479+0.765%BingX0.4479+0.765%Bybit0.4480+0.787%OKX0.4480+0.787%MEXC0.4481+0.810%SunX0.4481+0.810%GMX0.4481+0.815%Nado0.4481+0.821%Paradex0.4482+0.827%KuCoin0.4482+0.832%gTrade (Gains Network)0.4483+0.846%Hyperliquid0.4483+0.853%Extended0.4483+0.854%Bitget0.4483+0.855%Orderly0.4483+0.855%Aevo0.4483+0.861%ApeX Omni0.4484+0.877%SoDEX0.4484+0.877%Phemex0.4484+0.877%BloFin0.4484+0.877%Aster0.4484+0.884%Variational Omni0.4486+0.917%Binance0.4486+0.920%Deribit0.4487+0.945%RISEx0.4488+0.958%Polymarket Perps0.4488+0.970%01 Exchange0.4489+0.992%Ondo Perps0.4490+1.019%Lighter0.4491+1.039%Kraken Futures0.4492+1.055%Phoenix0.4492+1.069%HTX0.4493+1.080%edgeX0.4498+1.182%
Reya
Gate
BingX
Bybit
OKX
MEXC
SunX
GMX
Nado
Paradex
KuCoin
gTrade (Gains Network)
Hyperliquid
Extended
Bitget
Orderly
Aevo
ApeX Omni
SoDEX
Phemex
BloFin
Aster
Variational Omni
Binance
Deribit
RISEx
Polymarket Perps
Ondo Perps
Lighter
Kraken Futures
Phoenix
HTXCoinbase International0.4500+1.237%
ONDO on 38 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ONDO/USDC PERP | −0.724% | +0.1162% | 1h | $1K | $85K | 5.5x | as long as short |
| dYdX ONDO-USD | −0.056% | +0.5693% | 1h | $248K | $105K | 5x | as long as short |
| Backpack ONDO_USDC_PERPlong | 0.000% | +0.0100% | 1h | $237K | $868K | 15x | |
| Reya ONDORUSDPERP | +0.031% | +0.1128% | 1h | $2K | — | 20x | as long as short |
| Gate ONDO_USDT | +0.036% | +0.0100% | 4h | $11.8M | $19.1M | 50x | as long as short |
| BingX ONDO-USDT | +0.036% | +0.0100% | 4h | — | $23.5M | — | as long as short |
| Bybit ONDOUSDT | +0.058% | −0.0303% | 4h | $70.2M | $117.8M | 50x | as long as short |
| OKX ONDO-USDT-SWAP | +0.058% | +0.0100% | 4h | $18.0M | $84.1M | 50x | as long as short |
| MEXC ONDO_USDT | +0.080% | +0.0100% | 4h | $49.0M | $47.2M | 200x | as long as short |
| SunX ONDO-USDT | +0.080% | +0.0100% | 4h | — | $1.4M | 20x | as long as short |