After costs, if the gap returns to its 7d average, $10k−$61
spread now−0.312%7d average−0.094%fees + slippage, in and out−$39spread needed0.388%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ONDO | 0.4493 | 0.0192 | pay 0.0024% / 1h | 33m 12s | $41.0M | $27.4M | 10x |
| Short | Bybit ONDOUSDT | 0.4479 | −0.0424 | pay 0.0212% / 4h | 3h 33m | $70.1M | $118.2M | 50x |
Hyperliquid ONDO
Bybit ONDOUSDTPrice 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
- −$31.16
- Funding while held
- −$18.49
- Slippage, 4 orders
- −$18.77
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$88.42
- Spread needed to break even
- 0.388%
Slippage from Hyperliquid: live order book, 12 min ago; Bybit: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0616%
- Per $10,000 a day
- −$18.49
- 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 Hyperliquid live order book, 12 min ago | 0.11 bp | 4.8 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.12 bp | 8.3 bp −$8 | 15.9 bp −$159 | 57.8 bp −$5,776 | doesn't fit |
ONDO price on every exchange
against the cheapest. Click to use as the short leg.Injective0.4445cheapestSoDEX0.4470+0.562%Variational Omni0.4471+0.592%edgeX0.4475+0.678%Phemex0.4478+0.742%Binance0.4478+0.749%
Injective
SoDEX
Variational Omni
Phemex
BinanceBybit0.4479+0.765%
KuCoin0.4479+0.765%Extended0.4479+0.771%BloFin0.4480+0.787%Reya0.4480+0.791%Orderly0.4481+0.810%SunX0.4481+0.810%Deribit0.4482+0.832%GMX0.4482+0.834%gTrade (Gains Network)0.4482+0.839%Ondo Perps0.4483+0.848%Phoenix0.4483+0.862%Aster0.4484+0.877%Nado0.4484+0.877%Aevo0.4484+0.883%OKX0.4485+0.900%Gate0.4485+0.900%Kraken Futures0.4486+0.920%Lighter0.4486+0.920%RISEx0.4487+0.944%Polymarket Perps0.4487+0.945%Backpack0.4487+0.952%Bitget0.4488+0.967%BingX0.4488+0.967%01 Exchange0.4489+0.979%MEXC0.4489+0.990%ApeX Omni0.4489+0.990%Paradex0.4490+1.013%HTX0.4491+1.035%
KuCoin
Extended
BloFin
Reya
Orderly
SunX
Deribit
GMX
gTrade (Gains Network)
Ondo Perps
Phoenix
Aster
Nado
Aevo
OKX
Gate
Kraken Futures
Lighter
RISEx
Polymarket Perps
Backpack
Bitget
BingX
MEXC
ApeX Omni
Paradex
HTXHyperliquid0.4493+1.080%
dYdX0.4494+1.105%Coinbase International0.4500+1.237%
dYdX
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 | −1.068% | +0.1162% | 1h | $1K | $85K | 5.5x | as long as short |
| SoDEX ONDO-USD | −0.512% | +0.0100% | 1h | $465 | $15K | 10x | as long as short |
| Variational Omni ONDO | −0.483% | −0.0027% | 4h | $924K | $2.0M | — | as long as short |
| edgeX ONDOUSDC | −0.398% | +0.0100% | 4h | $5K | $319K | 20x | as long as short |
| Phemex ONDOUSDT | −0.334% | −0.0024% | 4h | $5.0M | $5.4M | 50x | as long as short |
| Binance ONDOUSDT | −0.327% | +0.0100% | 4h | $67.9M | $229.9M | 75x | as long as short |
| Bybit ONDOUSDTshort | −0.312% | −0.0424% | 4h | $70.1M | $118.2M | 50x | |
| KuCoin ONDOUSDTM | −0.312% | +0.0100% | 4h | $13.7M | $10.4M | 50x | as long as short |
| Extended ONDO-USD | −0.305% | +0.0104% | 1h | $378K | $1.1M | 25x | as long as short |
| BloFin ONDO-USDT | −0.289% | +0.0340% | 4h | $3.4M | $3.4M | 75x | as long as short |