After costs, if the gap returns to its 7d average, $10k−$28
spread now+0.118%7d average−0.089%fees + slippage, in and out−$48spread needed0.483%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ONDO | 0.4495 | 0.0406 | pay 0.0051% / 1h | 54m 53s | $42.1M | $27.2M | 10x |
| Short | Deribit ONDO_USDC-PERPETUAL | 0.4500 | 0 | get 0.0000% / 1h | 54m 53s | $36K | $236K | 25x |
Hyperliquid ONDO
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
- $11.79
- Funding while held
- −$12.17
- Slippage, 4 orders
- −$32.33
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$48.71
- Spread needed to break even
- 0.483%
Slippage from Hyperliquid: live order book, 10 min ago; Deribit: live order book, 31 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0406%
- Per $10,000 a day
- −$12.17
- 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 Hyperliquid live order book, 10 min ago | 1.33 bp | 10.5 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 31 min ago | 11.16 bp | 14.7 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
ONDO price on every exchange
against the cheapest. Click to use as the short leg.Injective0.4457cheapestExtended0.4485+0.618%OKX0.4485+0.628%Bitget0.4487+0.673%MEXC0.4488+0.696%KuCoin0.4488+0.696%Bybit0.4489+0.718%BingX0.4489+0.718%Binance0.4490+0.740%Gate0.4490+0.740%Backpack0.4492+0.781%Aster0.4494+0.828%
Injective
Extended
OKX
Bitget
MEXC
KuCoin
Bybit
BingX
Binance
Gate
Backpack
AsterHyperliquid0.4495+0.846%
Orderly0.4496+0.875%Phemex0.4497+0.897%gTrade (Gains Network)0.4497+0.905%GMX0.4497+0.906%SunX0.4498+0.920%BloFin0.4498+0.920%
Orderly
Phemex
gTrade (Gains Network)
GMX
SunX
BloFinDeribit0.4500+0.965%
SoDEX0.4501+0.987%Aevo0.4502+1.011%Nado0.4502+1.021%Reya0.4503+1.038%Polymarket Perps0.4507+1.131%Kraken Futures0.4508+1.138%RISEx0.4508+1.150%Lighter0.4509+1.169%Paradex0.4510+1.182%dYdX0.4513+1.249%HTX0.4518+1.369%Coinbase International0.4524+1.503%Variational Omni0.4524+1.508%edgeX0.4525+1.520%ApeX Omni0.4526+1.548%Phoenix0.4527+1.564%Ondo Perps0.4532+1.678%
SoDEX
Aevo
Nado
Reya
Polymarket Perps
Kraken Futures
RISEx
Lighter
Paradex
dYdX
HTX
Coinbase International
Variational Omni
ApeX Omni
Phoenix
Ondo PerpsONDO on 37 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ONDO/USDC PERP | −0.839% | +0.0824% | 1h | $1K | $88K | 5.5x | as long as short |
| Extended ONDO-USD | −0.226% | +0.0104% | 1h | $421K | $1.1M | 25x | as long as short |
| OKX ONDO-USDT-SWAP | −0.216% | +0.0100% | 4h | $18.2M | $78.9M | 50x | as long as short |
| Bitget ONDOUSDT | −0.171% | +0.0100% | 4h | $25.1M | $42.1M | 50x | as long as short |
| MEXC ONDO_USDT | −0.149% | +0.0100% | 4h | $50.2M | $43.8M | 200x | as long as short |
| KuCoin ONDOUSDTM | −0.149% | +0.0100% | 4h | $14.0M | $10.1M | 50x | as long as short |
| Bybit ONDOUSDT | −0.127% | +0.0100% | 4h | $69.1M | $110.9M | 50x | as long as short |
| BingX ONDO-USDC | −0.127% | +0.0100% | 4h | — | $764K | — | as long as short |
| Binance ONDOUSDT | −0.105% | +0.0100% | 4h | $67.2M | $214.0M | 75x | as long as short |
| Gate ONDO_USDT | −0.105% | −0.0008% | 4h | $11.8M | $18.9M | 50x | as long as short |