Spread before costs (cost unknown: a leg has no order-book sample)+0.003%
7d average+0.022%if it closes, per $10,000$0funding while held, a day−$15.04
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ONDO/USD [ETH-USDC] | 0.4406 | L +0.0601% / S −0.0200% | pay 0.0075% / 1h | 35m 58s | $542K | — | 100x |
| Short | Backpack ONDO_USDC_PERP | 0.4406 | 0.0100 | get 0.0013% / 1h | 35m 58s | $234K | $937K | 15x |
GMX ONDO/USD [ETH-USDC]
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
- $0.34
- Funding while held
- −$15.04
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$36.7
- Spread needed to break even
- 0.220%
Slippage unknown: GMX: no order-book sample; Backpack: live order book, 64 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0501%
- Per $10,000 a day
- −$15.04
- 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 GMX no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 64 min ago | 1.13 bp | 7.7 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
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.OKX0.4398cheapestBybit0.4399+0.023%Extended0.4399+0.025%Bitget0.4401+0.068%Gate0.4402+0.091%Nado0.4403+0.119%BingX0.4404+0.136%Paradex0.4404+0.141%Binance0.4404+0.143%KuCoin0.4405+0.159%Ondo Perps0.4406+0.173%gTrade (Gains Network)0.4406+0.179%dYdX0.4406+0.179%Reya0.4406+0.179%Aster0.4406+0.182%MEXC0.4406+0.182%Orderly0.4406+0.182%Phemex0.4406+0.182%BloFin0.4406+0.182%
OKX
Bybit
Extended
Bitget
Gate
Nado
BingX
Paradex
Binance
KuCoin
Ondo Perps
gTrade (Gains Network)
dYdX
Reya
Aster
MEXC
Orderly
Phemex
BloFinGMX0.4406+0.188%
Backpack0.4406+0.191%
RISEx0.4407+0.203%SunX0.4407+0.205%SoDEX0.4407+0.205%Hyperliquid0.4407+0.207%Polymarket Perps0.4407+0.209%Aevo0.4407+0.211%Kraken Futures0.4408+0.228%Deribit0.4409+0.250%01 Exchange0.4410+0.277%ApeX Omni0.4411+0.296%Phoenix0.4412+0.318%Coinbase International0.4412+0.318%HTX0.4412+0.318%Variational Omni0.4413+0.334%edgeX0.4413+0.335%Lighter0.4414+0.368%Injective0.4463+1.478%
RISEx
SunX
SoDEX
Hyperliquid
Polymarket Perps
Aevo
Kraken Futures
Deribit
ApeX Omni
Phoenix
Coinbase International
HTX
Variational Omni
Lighter
InjectiveONDO on 38 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX ONDO-USDT-SWAP | −0.187% | +0.0100% | 4h | $17.3M | $79.6M | 50x | as long as short |
| Bybit ONDOUSDT | −0.165% | +0.0100% | 4h | $69.0M | $115.2M | 50x | as long as short |
| Extended ONDO-USD | −0.162% | +0.0104% | 1h | $372K | $933K | 25x | as long as short |
| Bitget ONDOUSDT | −0.119% | +0.0100% | 4h | $24.7M | $42.0M | 50x | as long as short |
| Gate ONDO_USDT | −0.096% | +0.0100% | 4h | $11.6M | $19.0M | 50x | as long as short |
| Nado ONDO-PERP | −0.068% | +0.0100% | 1h | $461K | $629K | 10x | as long as short |
| BingX ONDO-USDC | −0.051% | +0.0100% | 4h | — | $759K | — | as long as short |
| Paradex ONDO-USD-PERP | −0.047% | +0.0100% | 8h | $6K | $9 | 10x | as long as short |
| Binance ONDOUSDT | −0.044% | +0.0100% | 4h | $65.1M | $222.0M | 75x | as long as short |
| KuCoin ONDOUSDTM | −0.028% | +0.0100% | 4h | $13.4M | $9.8M | 50x | as long as short |