Spread before costs (cost unknown: a leg has no order-book sample)−1.232%
7d average—if it closes, per $10,000$123funding while held, a day+$2.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ONDO/USDC PERP | 0.4463 | 0.0033 | pay 0.0004% / 1h | 40m 34s | $1K | $49K | 5.5x |
| Short | Bybit ONDOUSDT | 0.4408 | 0.0100 | get 0.0050% / 4h | 1h 40m | $69.2M | $115.3M | 50x |
Injective ONDO/USDC PERP
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
- −$123.24
- Funding while held
- $2
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$132.26
- Spread needed to break even
- 0.110%
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0067%
- Per $10,000 a day
- +$2.00
- 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 Injective no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 5 min ago | 1.13 bp | 8.6 bp −$9 | 14.8 bp −$148 | 58.3 bp −$5,826 | doesn't fit |
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.Bybit0.4408cheapest
OKX0.4409+0.023%GMX0.4410+0.040%Gate0.4410+0.045%BingX0.4410+0.045%Paradex0.4410+0.046%Extended0.4411+0.062%Nado0.4411+0.062%gTrade (Gains Network)0.4411+0.064%MEXC0.4411+0.068%KuCoin0.4411+0.068%Orderly0.4411+0.068%Binance0.4412+0.082%SoDEX0.4412+0.091%Phemex0.4412+0.091%BloFin0.4412+0.091%dYdX0.4412+0.102%Variational Omni0.4413+0.107%RISEx0.4413+0.107%SunX0.4413+0.113%Coinbase International0.4413+0.113%01 Exchange0.4414+0.127%Kraken Futures0.4414+0.128%Aster0.4414+0.134%Polymarket Perps0.4414+0.141%Aevo0.4415+0.147%Backpack0.4415+0.152%Bitget0.4415+0.159%Deribit0.4415+0.159%Reya0.4416+0.173%Lighter0.4418+0.225%Hyperliquid0.4418+0.227%edgeX0.4421+0.285%ApeX Omni0.4421+0.295%Phoenix0.4421+0.295%HTX0.4423+0.340%Ondo Perps0.4425+0.386%
OKX
GMX
Gate
BingX
Paradex
Extended
Nado
gTrade (Gains Network)
MEXC
KuCoin
Orderly
Binance
SoDEX
Phemex
BloFin
dYdX
Variational Omni
RISEx
SunX
Coinbase International
Kraken Futures
Aster
Polymarket Perps
Aevo
Backpack
Bitget
Deribit
Reya
Lighter
Hyperliquid
ApeX Omni
Phoenix
HTX
Ondo PerpsInjective0.4463+1.248%
ONDO on 38 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit ONDOUSDTshort | −1.232% | +0.0100% | 4h | $69.2M | $115.3M | 50x | |
| OKX ONDO-USDT-SWAP | −1.210% | +0.0100% | 4h | $17.3M | $79.8M | 50x | as long as short |
| GMX ONDO/USD [ETH-USDC] | −1.193% | L +0.0602% / S −0.0200% | 1h | $543K | — | 100x | as long as short |
| Gate ONDO_USDT | −1.188% | +0.0096% | 4h | $11.6M | $19.0M | 50x | as long as short |
| BingX ONDO-USDT | −1.188% | +0.0100% | 4h | — | $23.2M | — | as long as short |
| Paradex ONDO-USD-PERP | −1.187% | +0.0100% | 8h | $6K | $9 | 10x | as long as short |
| Extended ONDO-USD | −1.171% | +0.0104% | 1h | $372K | $933K | 25x | as long as short |
| Nado ONDO-PERP | −1.171% | +0.0100% | 1h | $462K | $629K | 10x | as long as short |
| gTrade (Gains Network) ONDO/USD | −1.170% | L +0.0003% / S −0.0007% | 1h | $7K | — | 150x | as long as short |
| MEXC ONDO_USDT | −1.165% | +0.0100% | 4h | $46.4M | $44.2M | 200x | as long as short |