After costs, if the gap returns to its 7d average, $10k−$45
spread now+0.023%7d average−0.002%fees + slippage, in and out−$47spread needed0.471%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ONDOUSDT | 0.4400 | 0.0100 | pay 0.0050% / 4h | 20m 40s | $69.1M | $118.7M | 50x |
| Short | Gate ONDO_USDT | 0.4401 | 0.0020 | get 0.0010% / 4h | 20m 40s | $11.5M | $20.1M | 50x |
Bybit ONDOUSDT
Gate ONDO_USDTPrice 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
- $2.27
- Funding while held
- −$2.4
- Slippage, 4 orders
- −$21.12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$47.25
- Spread needed to break even
- 0.471%
Slippage from Bybit: live order book, 5 min ago; Gate: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0080%
- Per $10,000 a day
- −$2.40
- 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 Bybit live order book, 5 min ago | 1.14 bp | 8.9 bp −$9 | 13.6 bp −$136 | 57.8 bp −$5,782 | doesn't fit |
| Sell Gate live order book, 5 min ago | 1.14 bp | 14.1 bp −$14 | 29.2 bp −$292 | 44.7 bp −$4,467 | 75.4 bp −$37.7K |
ONDO price on every exchange
against the cheapest. Click to use as the short leg.edgeX0.4389cheapestPhoenix0.4390+0.020%Variational Omni0.4393+0.093%OKX0.4399+0.227%ApeX Omni0.4399+0.227%
Phoenix
Variational Omni
OKX
ApeX OmniBybit0.4400+0.250%
Gate0.4401+0.273%
Reya0.4401+0.273%Extended0.4401+0.281%Paradex0.4401+0.284%GMX0.4402+0.295%BingX0.4402+0.295%Phemex0.4402+0.295%gTrade (Gains Network)0.4402+0.305%dYdX0.4403+0.309%Binance0.4403+0.318%MEXC0.4403+0.318%KuCoin0.4403+0.318%Bitget0.4403+0.318%Orderly0.4403+0.318%SunX0.4403+0.318%BloFin0.4403+0.318%SoDEX0.4404+0.341%RISEx0.4404+0.344%Backpack0.4405+0.352%Nado0.4405+0.364%Aster0.4405+0.364%Deribit0.4405+0.364%Aevo0.4405+0.366%Polymarket Perps0.4406+0.389%Hyperliquid0.4408+0.423%01 Exchange0.4408+0.430%Lighter0.4410+0.471%Kraken Futures0.4410+0.481%Coinbase International0.4412+0.523%HTX0.4412+0.523%Ondo Perps0.4417+0.649%Injective0.4419+0.683%
Reya
Extended
Paradex
GMX
BingX
Phemex
gTrade (Gains Network)
dYdX
Binance
MEXC
KuCoin
Bitget
Orderly
SunX
BloFin
SoDEX
RISEx
Backpack
Nado
Aster
Deribit
Aevo
Polymarket Perps
Hyperliquid
Lighter
Kraken Futures
Coinbase International
HTX
Ondo Perps
InjectiveONDO on 38 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX ONDOUSDC | −0.249% | +0.0100% | 4h | $5K | $317K | 20x | as long as short |
| Phoenix ONDO | −0.230% | +0.0036% | 1h | $27K | $224K | 10x | as long as short |
| Variational Omni ONDO | −0.156% | +0.0100% | 4h | $895K | $2.0M | — | as long as short |
| OKX ONDO-USDT-SWAP | −0.023% | +0.0100% | 4h | $17.9M | $82.0M | 50x | as long as short |
| ApeX Omni ONDOUSDT | −0.023% | +0.0100% | 1h | $180K | $360K | 50x | as long as short |
| Bybit ONDOUSDTlong | 0.000% | +0.0100% | 4h | $69.1M | $118.7M | 50x | |
| Gate ONDO_USDTshort | +0.023% | +0.0020% | 4h | $11.5M | $20.1M | 50x | |
| Reya ONDORUSDPERP | +0.023% | +0.1126% | 1h | $2K | — | 20x | as long as short |
| Extended ONDO-USD | +0.031% | +0.0104% | 1h | $372K | $1.1M | 25x | as long as short |
| Paradex ONDO-USD-PERP | +0.034% | +0.0100% | 8h | $6K | $9 | 10x | as long as short |