Spread before costs (cost unknown: a leg has no order-book sample)+0.284%
7d average−0.021%if it closes, per $10,000$28funding while held, a day+$2.90
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ONDO_USDC_PERP | 0.4460 | 0.0100 | pay 0.0013% / 1h | 24m 53s | $236K | $867K | 15x |
| Short | GMX ONDO/USD [ETH-USDC] | 0.4473 | L +0.0579% / S −0.0197% | get 0.0025% / 1h | 24m 53s | $518K | — | 100x |
Backpack ONDO_USDC_PERP
GMX ONDO/USD [ETH-USDC]Price 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
- $28.36
- Funding while held
- $2.9
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $9.26
- Spread needed to break even
- 0.220%
Slippage unknown: Backpack: live order book, 20 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0097%
- Per $10,000 a day
- +$2.90
- 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, 20 min ago | 2.77 bp | 9.8 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ONDO price on every exchange
against the cheapest. Click to use as the short leg.Injective0.4445cheapestBybit0.4457+0.270%OKX0.4458+0.292%Extended0.4459+0.307%Gate0.4459+0.315%KuCoin0.4459+0.315%BingX0.4460+0.337%
Injective
Bybit
OKX
Extended
Gate
KuCoin
BingXBackpack0.4460+0.346%
MEXC0.4461+0.360%Bitget0.4461+0.360%Binance0.4462+0.382%Hyperliquid0.4463+0.403%Aster0.4464+0.425%Phemex0.4464+0.427%Variational Omni0.4465+0.440%SoDEX0.4470+0.562%BloFin0.4470+0.562%Reya0.4471+0.582%Aevo0.4473+0.630%
MEXC
Bitget
Binance
Hyperliquid
Aster
Phemex
Variational Omni
SoDEX
BloFin
Reya
AevoGMX0.4473+0.631%
Lighter0.4473+0.632%Nado0.4473+0.636%Orderly0.4474+0.652%gTrade (Gains Network)0.4474+0.657%Paradex0.4475+0.674%SunX0.4475+0.675%Kraken Futures0.4475+0.678%Polymarket Perps0.4476+0.688%Phoenix0.4476+0.693%Deribit0.4476+0.697%RISEx0.4477+0.712%HTX0.4478+0.742%01 Exchange0.4478+0.747%dYdX0.4479+0.767%edgeX0.4481+0.807%ApeX Omni0.4482+0.832%Ondo Perps0.4490+1.019%Coinbase International0.4500+1.237%
Lighter
Nado
Orderly
gTrade (Gains Network)
Paradex
SunX
Kraken Futures
Polymarket Perps
Phoenix
Deribit
RISEx
HTX
dYdX
ApeX Omni
Ondo Perps
Coinbase InternationalONDO on 38 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ONDO/USDC PERP | −0.345% | +0.1162% | 1h | $1K | $85K | 5.5x | as long as short |
| Bybit ONDOUSDT | −0.076% | −0.0309% | 4h | $69.8M | $117.7M | 50x | as long as short |
| OKX ONDO-USDT-SWAP | −0.054% | +0.0100% | 4h | $17.9M | $83.7M | 50x | as long as short |
| Extended ONDO-USD | −0.040% | +0.0104% | 1h | $376K | $1.1M | 25x | as long as short |
| Gate ONDO_USDT | −0.031% | +0.0100% | 4h | $11.7M | $19.1M | 50x | as long as short |
| KuCoin ONDOUSDTM | −0.031% | +0.0100% | 4h | $13.7M | $10.3M | 50x | as long as short |
| BingX ONDO-USDC | −0.009% | +0.0100% | 4h | — | $766K | — | as long as short |
| Backpack ONDO_USDC_PERPlong | 0.000% | +0.0100% | 1h | $236K | $867K | 15x | |
| MEXC ONDO_USDT | +0.013% | +0.0100% | 4h | $48.4M | $47.4M | 200x | as long as short |
| Bitget ONDOUSDT | +0.013% | +0.0100% | 4h | $25.2M | $44.2M | 50x | as long as short |