Spread before costs (cost unknown: a leg has no order-book sample)−0.865%
7d average−1.059%if it closes, per $10,000$87funding while held, a day+$31.85
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ONDO_USDC_PERP | 0.4484 | 0.0100 | pay 0.0013% / 1h | 29m 06s | $238K | $868K | 15x |
| Short | Injective ONDO/USDC PERP | 0.4445 | 0.1162 | get 0.0145% / 1h | 29m 06s | $1K | $85K | 5.5x |
Backpack ONDO_USDC_PERP
Injective ONDO/USDC PERPPrice 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
- −$86.53
- Funding while held
- $31.85
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$64.7
- Spread needed to break even
- 0.100%
Slippage unknown: Backpack: live order book, 16 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1062%
- Per $10,000 a day
- +$31.85
- 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, 16 min ago | 2.77 bp | 9.8 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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.Injective0.4445cheapest
Paradex0.4478+0.731%Bybit0.4478+0.742%OKX0.4478+0.742%BingX0.4478+0.742%Gate0.4480+0.787%Bitget0.4480+0.787%Extended0.4481+0.805%KuCoin0.4481+0.810%Nado0.4481+0.810%Phemex0.4481+0.810%dYdX0.4481+0.811%Reya0.4482+0.828%RISEx0.4482+0.829%Orderly0.4482+0.832%SoDEX0.4482+0.832%Ondo Perps0.4482+0.837%GMX0.4482+0.838%gTrade (Gains Network)0.4482+0.842%Binance0.4483+0.850%MEXC0.4483+0.855%BloFin0.4483+0.855%Aevo0.4483+0.858%
Paradex
Bybit
OKX
BingX
Gate
Bitget
Extended
KuCoin
Nado
Phemex
dYdX
Reya
RISEx
Orderly
SoDEX
Ondo Perps
GMX
gTrade (Gains Network)
Binance
MEXC
BloFin
AevoBackpack0.4484+0.873%
Polymarket Perps0.4484+0.873%Hyperliquid0.4486+0.914%Variational Omni0.4486+0.917%SunX0.4486+0.922%Deribit0.4486+0.922%01 Exchange0.4486+0.925%Aster0.4488+0.967%Kraken Futures0.4490+1.002%HTX0.4490+1.012%Lighter0.4491+1.028%Phoenix0.4492+1.069%edgeX0.4498+1.182%ApeX Omni0.4500+1.237%Coinbase International0.4500+1.237%
Polymarket Perps
Hyperliquid
Variational Omni
SunX
Deribit
Aster
Kraken Futures
HTX
Lighter
Phoenix
ApeX Omni
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 PERPshort | −0.865% | +0.1162% | 1h | $1K | $85K | 5.5x | |
| Paradex ONDO-USD-PERP | −0.140% | +0.0100% | 8h | $6K | $9 | 10x | as long as short |
| Bybit ONDOUSDT | −0.129% | −0.0380% | 4h | $70.1M | $117.8M | 50x | as long as short |
| OKX ONDO-USDT-SWAP | −0.129% | +0.0100% | 4h | $18.0M | $84.1M | 50x | as long as short |
| BingX ONDO-USDT | −0.129% | +0.0100% | 4h | — | $23.6M | — | as long as short |
| Gate ONDO_USDT | −0.085% | +0.0100% | 4h | $11.8M | $19.0M | 50x | as long as short |
| Bitget ONDOUSDT | −0.085% | +0.0100% | 4h | $25.3M | $44.2M | 50x | as long as short |
| Extended ONDO-USD | −0.067% | +0.0104% | 1h | $378K | $1.1M | 25x | as long as short |
| KuCoin ONDOUSDTM | −0.062% | +0.0100% | 4h | $13.7M | $10.4M | 50x | as long as short |
| Nado ONDO-PERP | −0.062% | +0.0100% | 1h | $472K | $625K | 10x | as long as short |