Spread before costs (cost unknown: a leg has no order-book sample)+0.046%
7d average—if it closes, per $10,000$5funding while held, a day+$0.08
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ONDO_USDC | 0.4384 | 0.0097 | pay 0.0049% / 4h | 2h 04m | $24K | $8K | 10x |
| Short | OKX ONDO-USDT-SWAP | 0.4386 | 0.0100 | get 0.0050% / 4h | 2h 04m | $17.3M | $79.4M | 50x |
Orderly PERP_ONDO_USDC
OKX ONDO-USDT-SWAPPrice 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
- $4.56
- Funding while held
- $0.08
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$11.35
- Spread needed to break even
- 0.160%
Slippage unknown: Orderly: no order-book sample; OKX: live order book, 6 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0003%
- Per $10,000 a day
- +$0.08
- 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 Orderly no order-book sample | — | — | — | — | — |
| Sell OKX live order book, 6 min ago | 1.13 bp | 9.5 bp −$9 | 20.5 bp −$205 | 215.8 bp −$21.6K | doesn't fit |
Orderly: 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.KuCoin0.4383cheapest
KuCoinOrderly0.4384+0.023%
SoDEX0.4384+0.023%Nado0.4384+0.029%Extended0.4385+0.041%Gate0.4385+0.046%Phemex0.4385+0.046%BloFin0.4385+0.046%dYdX0.4385+0.054%Backpack0.4386+0.064%Reya0.4386+0.064%Aevo0.4386+0.065%Bybit0.4386+0.068%
SoDEX
Nado
Extended
Gate
Phemex
BloFin
dYdX
Backpack
Reya
Aevo
BybitOKX0.4386+0.068%
MEXC0.4386+0.068%BingX0.4386+0.068%gTrade (Gains Network)0.4386+0.068%Deribit0.4386+0.068%GMX0.4386+0.070%Polymarket Perps0.4387+0.084%Bitget0.4387+0.091%Paradex0.4388+0.103%Aster0.4388+0.107%RISEx0.4388+0.123%Binance0.4389+0.134%Kraken Futures0.4389+0.136%SunX0.4389+0.137%Hyperliquid0.4390+0.153%01 Exchange0.4391+0.176%Lighter0.4395+0.269%HTX0.4398+0.342%Variational Omni0.4402+0.431%edgeX0.4405+0.511%Phoenix0.4408+0.564%ApeX Omni0.4408+0.570%Coinbase International0.4410+0.616%Ondo Perps0.4414+0.707%Injective0.4463+1.825%
MEXC
BingX
gTrade (Gains Network)
Deribit
GMX
Polymarket Perps
Bitget
Paradex
Aster
RISEx
Binance
Kraken Futures
SunX
Hyperliquid
Lighter
HTX
Variational Omni
Phoenix
ApeX Omni
Coinbase International
Ondo Perps
InjectiveONDO on 38 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin ONDOUSDTM | −0.023% | +0.0100% | 4h | $13.3M | $9.8M | 50x | as long as short |
| Orderly PERP_ONDO_USDClong | 0.000% | +0.0097% | 4h | $24K | $8K | 10x | |
| SoDEX ONDO-USD | 0.000% | +0.0100% | 1h | $456 | $14K | 10x | as long as short |
| Nado ONDO-PERP | +0.006% | +0.0100% | 1h | $455K | $624K | 10x | as long as short |
| Extended ONDO-USD | +0.019% | +0.0104% | 1h | $370K | $948K | 25x | as long as short |
| Gate ONDO_USDT | +0.023% | +0.0048% | 4h | $11.5M | $18.9M | 50x | as long as short |
| Phemex ONDOUSDT | +0.023% | +0.0100% | 4h | $4.9M | $5.6M | 50x | as long as short |
| BloFin ONDO-USDT | +0.023% | +0.0340% | 4h | $3.3M | $3.2M | 75x | as long as short |
| dYdX ONDO-USD | +0.031% | +0.9100% | 1h | $248K | $116K | 5x | as long as short |
| Backpack ONDO_USDC_PERP | +0.041% | +0.0100% | 1h | $241K | $889K | 15x | as long as short |