Spread before costs (cost unknown: a leg has no order-book sample)+0.044%
7d average+0.022%if it closes, per $10,000$4funding while held, a day−$10.83
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ONDO/USD [ETH-USDC] | 0.4433 | L +0.0562% / S −0.0189% | pay 0.0070% / 1h | 59m 14s | $504K | — | 100x |
| Short | Deribit ONDO_USDC-PERPETUAL | 0.4435 | 0.0201 | get 0.0025% / 1h | 59m 14s | $36K | $242K | 25x |
GMX ONDO/USD [ETH-USDC]
Deribit ONDO_USDC-PERPETUALPrice 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
- $4.4
- Funding while held
- −$10.83
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$25.43
- Spread needed to break even
- 0.190%
Slippage unknown: GMX: no order-book sample; Deribit: live order book, 16 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0361%
- Per $10,000 a day
- −$10.83
- 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 Deribit live order book, 16 min ago | 6.76 bp | 12.5 bp −$13 | 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.Injective0.4419cheapestGate0.4430+0.249%Bybit0.4431+0.272%Extended0.4432+0.298%OKX0.4433+0.317%BingX0.4433+0.317%
Injective
Gate
Bybit
Extended
OKX
BingXGMX0.4433+0.318%
gTrade (Gains Network)0.4434+0.332%Ondo Perps0.4434+0.333%Reya0.4434+0.337%KuCoin0.4434+0.339%Orderly0.4434+0.339%Bitget0.4435+0.362%SunX0.4435+0.362%SoDEX0.4435+0.362%
gTrade (Gains Network)
Ondo Perps
Reya
KuCoin
Orderly
Bitget
SunX
SoDEXDeribit0.4435+0.362%
Phemex0.4435+0.362%Backpack0.4435+0.364%Nado0.4435+0.373%Binance0.4436+0.377%MEXC0.4436+0.385%RISEx0.4436+0.390%Aevo0.4436+0.396%Paradex0.4437+0.402%BloFin0.4437+0.407%Variational Omni0.4438+0.419%Polymarket Perps0.4438+0.421%dYdX0.4439+0.453%Aster0.4439+0.455%Kraken Futures0.4440+0.482%Hyperliquid0.4442+0.511%01 Exchange0.4442+0.514%Lighter0.4443+0.548%Phoenix0.4444+0.563%edgeX0.4445+0.581%ApeX Omni0.4445+0.588%HTX0.4445+0.588%Coinbase International0.4451+0.724%
Phemex
Backpack
Nado
Binance
MEXC
RISEx
Aevo
Paradex
BloFin
Variational Omni
Polymarket Perps
dYdX
Aster
Kraken Futures
Hyperliquid
Lighter
Phoenix
ApeX Omni
HTX
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 PERP | −0.317% | +0.1162% | 1h | $995 | $85K | 5.5x | as long as short |
| Gate ONDO_USDT | −0.069% | +0.0056% | 4h | $11.7M | $18.5M | 50x | as long as short |
| Bybit ONDOUSDT | −0.046% | +0.0100% | 4h | $69.6M | $118.8M | 50x | as long as short |
| Extended ONDO-USD | −0.020% | +0.0104% | 1h | $375K | $1.1M | 25x | as long as short |
| OKX ONDO-USDT-SWAP | −0.001% | +0.0100% | 4h | $18.2M | $82.6M | 50x | as long as short |
| BingX ONDO-USDC | −0.001% | +0.0100% | 4h | — | $765K | — | as long as short |
| GMX ONDO/USD [ETH-USDC]long | 0.000% | L +0.0562% / S −0.0189% | 1h | $504K | — | 100x | |
| gTrade (Gains Network) ONDO/USD | +0.014% | L +0.0003% / S −0.0008% | 1h | $6K | — | 150x | as long as short |
| Ondo Perps ONDO-USD.P | +0.015% | +0.0100% | 1h | $74K | $93K | 10x | as long as short |
| Reya ONDORUSDPERP | +0.019% | +0.1127% | 1h | $2K | — | 20x | as long as short |