Spread before costs (cost unknown: a leg has no order-book sample)−0.558%
7d average−1.159%if it closes, per $10,000$56funding while held, a day+$11.27
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ONDO | 0.4501 | 0.0449 | pay 0.0056% / 1h | 6m 12s | $42.0M | $28.0M | 10x |
| Short | Injective ONDO/USDC PERP | 0.4476 | 0.0824 | get 0.0103% / 1h | 6m 12s | $1K | $134K | 5.5x |
Hyperliquid ONDO
Injective 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
- −$55.76
- Funding while held
- $11.27
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$53.52
- Spread needed to break even
- 0.090%
Slippage unknown: Hyperliquid: live order book, 9 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0376%
- Per $10,000 a day
- +$11.27
- 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, 9 min ago | 1.78 bp | 7.9 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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.Injective0.4476cheapest
Variational Omni0.4483+0.146%ApeX Omni0.4490+0.313%OKX0.4491+0.335%Phoenix0.4492+0.360%Ondo Perps0.4493+0.384%Bybit0.4495+0.424%Bitget0.4496+0.447%BingX0.4496+0.447%MEXC0.4498+0.492%edgeX0.4498+0.494%Backpack0.4500+0.529%Binance0.4500+0.544%SunX0.4501+0.559%Phemex0.4501+0.559%
Variational Omni
ApeX Omni
OKX
Phoenix
Ondo Perps
Bybit
Bitget
BingX
MEXC
Backpack
Binance
SunX
PhemexHyperliquid0.4501+0.561%
Extended0.4501+0.562%Orderly0.4503+0.603%gTrade (Gains Network)0.4504+0.618%Reya0.4504+0.622%KuCoin0.4504+0.626%Deribit0.4504+0.626%GMX0.4505+0.642%Gate0.4505+0.648%Aevo0.4506+0.670%Nado0.4506+0.681%BloFin0.4507+0.693%Aster0.4507+0.699%Paradex0.4508+0.707%01 Exchange0.4508+0.713%Polymarket Perps0.4508+0.717%dYdX0.4508+0.719%Lighter0.4508+0.722%Kraken Futures0.4509+0.730%SoDEX0.4509+0.737%RISEx0.4509+0.740%Coinbase International0.4511+0.782%HTX0.4517+0.916%
Extended
Orderly
gTrade (Gains Network)
Reya
KuCoin
Deribit
GMX
Gate
Aevo
Nado
BloFin
Aster
Paradex
Polymarket Perps
dYdX
Lighter
Kraken Futures
SoDEX
RISEx
Coinbase International
HTXONDO on 38 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ONDO/USDC PERPshort | −0.558% | +0.0824% | 1h | $1K | $134K | 5.5x | |
| Variational Omni ONDO | −0.412% | +0.0100% | 4h | $919K | $2.0M | — | as long as short |
| ApeX Omni ONDOUSDT | −0.247% | +0.0100% | 1h | $183K | $341K | 50x | as long as short |
| OKX ONDO-USDT-SWAP | −0.224% | +0.0100% | 4h | $18.5M | $81.1M | 50x | as long as short |
| Phoenix ONDO | −0.200% | +0.0035% | 1h | $27K | $206K | 10x | as long as short |
| Ondo Perps ONDO-USD.P | −0.176% | +0.0100% | 1h | $75K | $100K | 10x | as long as short |
| Bybit ONDOUSDT | −0.136% | +0.0100% | 4h | $70.2M | $114.6M | 50x | as long as short |
| Bitget ONDOUSDT | −0.113% | +0.0100% | 4h | $25.2M | $43.1M | 50x | as long as short |
| BingX ONDO-USDC | −0.113% | +0.0100% | 4h | — | $763K | — | as long as short |
| MEXC ONDO_USDT | −0.069% | +0.0100% | 4h | $50.7M | $45.3M | 200x | as long as short |