Spread before costs (cost unknown: a leg has no order-book sample)−0.063%
7d average—if it closes, per $10,000$6funding while held, a day+$4.68
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ONDO_USDC_PERP | 0.4416 | 0.0100 | pay 0.0013% / 1h | 39m 55s | $240K | $903K | 15x |
| Short | 01 Exchange ONDOUSD | 0.4414 | 0.0256 | get 0.0032% / 1h | 39m 55s | $363 | $1K | 10x |
Backpack 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
- −$6.34
- Funding while held
- $4.68
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$18.66
- Spread needed to break even
- 0.170%
Slippage unknown: Backpack: live order book, 60 min ago; 01 Exchange: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0156%
- Per $10,000 a day
- +$4.68
- 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, 60 min ago | 1.13 bp | 12.7 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell 01 Exchange no order-book sample | — | — | — | — | — |
01 Exchange: 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.Bybit0.4410cheapestOKX0.4410cheapestGate0.4410cheapestParadex0.4410+0.000%Nado0.4411+0.017%BingX0.4411+0.023%Binance0.4411+0.026%Extended0.4412+0.038%KuCoin0.4412+0.045%Bitget0.4412+0.045%BloFin0.4412+0.045%dYdX0.4412+0.057%Variational Omni0.4413+0.061%RISEx0.4413+0.061%Phemex0.4413+0.068%MEXC0.4414+0.091%Orderly0.4414+0.091%SoDEX0.4414+0.091%Polymarket Perps0.4414+0.095%gTrade (Gains Network)0.4415+0.118%Kraken Futures0.4415+0.118%Hyperliquid0.4415+0.120%GMX0.4415+0.122%Aevo0.4415+0.125%Reya0.4416+0.128%SunX0.4416+0.136%
Bybit
OKX
Gate
Paradex
Nado
BingX
Binance
Extended
KuCoin
Bitget
BloFin
dYdX
Variational Omni
RISEx
Phemex
MEXC
Orderly
SoDEX
Polymarket Perps
gTrade (Gains Network)
Kraken Futures
Hyperliquid
GMX
Aevo
Reya
SunXBackpack0.4416+0.145%
Aster0.4417+0.150%Deribit0.4417+0.159%Coinbase International0.4418+0.181%HTX0.4419+0.204%edgeX0.4421+0.240%ApeX Omni0.4421+0.249%Phoenix0.4421+0.249%Lighter0.4421+0.261%Ondo Perps0.4425+0.340%Injective0.4463+1.202%
Aster
Deribit
Coinbase International
HTX
ApeX Omni
Phoenix
Lighter
Ondo Perps
InjectiveONDO on 38 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit ONDOUSDT | −0.145% | +0.0100% | 4h | $69.2M | $115.4M | 50x | as long as short |
| OKX ONDO-USDT-SWAP | −0.145% | +0.0100% | 4h | $17.3M | $79.9M | 50x | as long as short |
| Gate ONDO_USDT | −0.145% | +0.0096% | 4h | $11.6M | $19.0M | 50x | as long as short |
| Paradex ONDO-USD-PERP | −0.144% | +0.0100% | 8h | $6K | $9 | 10x | as long as short |
| Nado ONDO-PERP | −0.128% | +0.0100% | 1h | $462K | $629K | 10x | as long as short |
| BingX ONDO-USDT | −0.122% | +0.0100% | 4h | — | $23.2M | — | as long as short |
| Binance ONDOUSDT | −0.119% | +0.0100% | 4h | $65.2M | $222.5M | 75x | as long as short |
| Extended ONDO-USD | −0.107% | +0.0104% | 1h | $372K | $933K | 25x | as long as short |
| KuCoin ONDOUSDTM | −0.100% | +0.0100% | 4h | $13.5M | $9.9M | 50x | as long as short |
| Bitget ONDOUSDT | −0.100% | +0.0100% | 4h | $24.8M | $42.1M | 50x | as long as short |