Spread before costs (cost unknown: a leg has no order-book sample)−0.014%
7d average—if it closes, per $10,000$1funding while held, a day−$0.17
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ONDOUSDT | 0.4475 | 0.0100 | pay 0.0050% / 4h | 3h 05m | $66.8M | $228.4M | 75x |
| Short | Orderly PERP_ONDO_USDC | 0.4474 | 0.0094 | get 0.0047% / 4h | 3h 05m | $25K | $8K | 10x |
Binance ONDOUSDT
Orderly PERP_ONDO_USDCPrice 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
- −$1.35
- Funding while held
- −$0.17
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$17.53
- Spread needed to break even
- 0.160%
Slippage unknown: Binance: live order book, 10 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0006%
- Per $10,000 a day
- −$0.17
- 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 Binance live order book, 10 min ago | 1.12 bp | 8.9 bp −$9 | 14.3 bp −$143 | 53.1 bp −$5,312 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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.Injective0.4463cheapestBloFin0.4470+0.157%OKX0.4471+0.179%ApeX Omni0.4471+0.179%Bybit0.4472+0.202%Gate0.4472+0.202%BingX0.4472+0.202%edgeX0.4472+0.206%Phoenix0.4473+0.220%Extended0.4473+0.233%Reya0.4474+0.242%MEXC0.4474+0.246%KuCoin0.4474+0.246%Bitget0.4474+0.246%
Injective
BloFin
OKX
ApeX Omni
Bybit
Gate
BingX
Phoenix
Extended
Reya
MEXC
KuCoin
BitgetOrderly0.4474+0.246%
Variational Omni0.4474+0.250%
Variational OmniBinance0.4475+0.260%
RISEx0.4475+0.271%Paradex0.4475+0.272%Nado0.4475+0.274%GMX0.4475+0.274%gTrade (Gains Network)0.4476+0.281%Aevo0.4477+0.315%dYdX0.4477+0.318%Polymarket Perps0.4477+0.320%Phemex0.4478+0.336%01 Exchange0.4478+0.338%Hyperliquid0.4479+0.354%Aster0.4480+0.373%SunX0.4480+0.381%Coinbase International0.4480+0.381%SoDEX0.4481+0.403%Backpack0.4481+0.408%Lighter0.4482+0.417%HTX0.4482+0.426%Ondo Perps0.4484+0.466%Deribit0.4484+0.471%Kraken Futures0.4486+0.507%
RISEx
Paradex
Nado
GMX
gTrade (Gains Network)
Aevo
dYdX
Polymarket Perps
Phemex
Hyperliquid
Aster
SunX
Coinbase International
SoDEX
Backpack
Lighter
HTX
Ondo Perps
Deribit
Kraken FuturesONDO on 38 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ONDO/USDC PERP | −0.259% | +0.1162% | 1h | $1K | $85K | 5.5x | as long as short |
| BloFin ONDO-USDT | −0.103% | +0.0340% | 4h | $3.3M | $3.4M | 75x | as long as short |
| OKX ONDO-USDT-SWAP | −0.081% | +0.0100% | 4h | $17.8M | $82.9M | 50x | as long as short |
| ApeX Omni ONDOUSDT | −0.081% | +0.0100% | 1h | $181K | $371K | 50x | as long as short |
| Bybit ONDOUSDT | −0.058% | −0.0133% | 4h | $70.5M | $116.9M | 50x | as long as short |
| Gate ONDO_USDT | −0.058% | +0.0070% | 4h | $11.8M | $19.3M | 50x | as long as short |
| BingX ONDO-USDT | −0.058% | +0.0100% | 4h | — | $23.3M | — | as long as short |
| edgeX ONDOUSDC | −0.054% | +0.0100% | 4h | $5K | $319K | 20x | as long as short |
| Phoenix ONDO | −0.040% | +0.0162% | 1h | $28K | $244K | 10x | as long as short |
| Extended ONDO-USD | −0.026% | +0.0104% | 1h | $378K | $1.1M | 25x | as long as short |