Spread before costs (cost unknown: a leg has no order-book sample)−0.081%
7d average—if it closes, per $10,000$8funding while held, a day−$3.06
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex ONDO-USD-PERP | 0.4448 | 0.0100 | pay 0.0100% / 8h | 6h 17m | $6K | $9 | 10x |
| Short | Bybit ONDOUSDT | 0.4444 | −0.0002 | pay 0.0001% / 4h | 2h 17m | $69.9M | $114.9M | 50x |
Paradex ONDO-USD-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
- −$8.09
- Funding while held
- −$3.06
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$26.15
- Spread needed to break even
- 0.150%
Slippage unknown: Paradex: no order-book sample; Bybit: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0102%
- Per $10,000 a day
- −$3.06
- 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 3 min ago | 1.13 bp | 9.6 bp −$10 | 15.5 bp −$155 | 58.1 bp −$5,814 | doesn't fit |
Paradex: 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.Variational Omni0.4440cheapestOKX0.4443+0.070%Extended0.4444+0.089%
Variational Omni
OKX
ExtendedBybit0.4444+0.093%
ApeX Omni0.4444+0.093%Phoenix0.4444+0.095%Nado0.4445+0.104%Reya0.4445+0.105%Gate0.4445+0.115%BloFin0.4445+0.115%RISEx0.4446+0.134%Bitget0.4446+0.138%BingX0.4446+0.138%Polymarket Perps0.4446+0.138%Binance0.4447+0.156%MEXC0.4447+0.160%dYdX0.4447+0.162%edgeX0.4447+0.166%
ApeX Omni
Phoenix
Nado
Reya
Gate
BloFin
RISEx
Bitget
BingX
Polymarket Perps
Binance
MEXC
dYdXParadex0.4448+0.174%
KuCoin0.4448+0.183%Orderly0.4448+0.183%Phemex0.4448+0.183%gTrade (Gains Network)0.4448+0.185%GMX0.4448+0.185%01 Exchange0.4448+0.190%SunX0.4449+0.205%SoDEX0.4449+0.205%Aevo0.4450+0.221%Aster0.4450+0.228%Deribit0.4451+0.251%Coinbase International0.4451+0.251%Backpack0.4451+0.262%Hyperliquid0.4452+0.266%Kraken Futures0.4454+0.308%Ondo Perps0.4454+0.327%Lighter0.4456+0.359%HTX0.4458+0.408%Injective0.4463+0.521%
KuCoin
Orderly
Phemex
gTrade (Gains Network)
GMX
SunX
SoDEX
Aevo
Aster
Deribit
Coinbase International
Backpack
Hyperliquid
Kraken Futures
Ondo Perps
Lighter
HTX
InjectiveONDO on 38 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni ONDO | −0.174% | −0.0046% | 4h | $770K | $2.1M | — | as long as short |
| OKX ONDO-USDT-SWAP | −0.103% | +0.0100% | 4h | $17.6M | $80.4M | 50x | as long as short |
| Extended ONDO-USD | −0.084% | +0.0104% | 1h | $374K | $952K | 25x | as long as short |
| Bybit ONDOUSDTshort | −0.081% | −0.0002% | 4h | $69.9M | $114.9M | 50x | |
| ApeX Omni ONDOUSDT | −0.081% | +0.0100% | 1h | $177K | $307K | 50x | as long as short |
| Phoenix ONDO | −0.079% | +0.0143% | 1h | $28K | $263K | 10x | as long as short |
| Nado ONDO-PERP | −0.070% | +0.0100% | 1h | $460K | $621K | 10x | as long as short |
| Reya ONDORUSDPERP | −0.069% | +0.1130% | 1h | $2K | — | 20x | as long as short |
| Gate ONDO_USDT | −0.058% | +0.0058% | 4h | $11.7M | $18.8M | 50x | as long as short |
| BloFin ONDO-USDT | −0.058% | +0.0340% | 4h | $3.3M | $3.2M | 75x | as long as short |