Spread before costs (cost unknown: a leg has no order-book sample)+0.155%
7d average—if it closes, per $10,000$16funding while held, a day−$5.41
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex ONDO-USD-PERP | 0.4467 | 0.0100 | pay 0.0100% / 8h | 7h 03m | $6K | $9 | 10x |
| Short | Variational Omni ONDO | 0.4474 | −0.0080 | pay 0.0040% / 4h | 3h 03m | $855K | $2.0M | — |
Paradex ONDO-USD-PERP
Variational Omni ONDOPrice 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
- $15.54
- Funding while held
- −$5.41
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $6.13
- Spread needed to break even
- 0.040%
Slippage unknown: Paradex: no order-book sample; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0180%
- Per $10,000 a day
- −$5.41
- 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 Variational Omni RFQ quote, 2 min ago | 5.59 bp | doesn't fit | 12.3 bp −$123 | doesn't fit | 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.Bybit0.4458cheapestOKX0.4458cheapestExtended0.4460+0.037%MEXC0.4461+0.067%KuCoin0.4461+0.067%Bitget0.4461+0.067%BingX0.4461+0.067%Binance0.4463+0.110%Injective0.4463+0.112%Gate0.4464+0.135%Orderly0.4464+0.135%Phemex0.4464+0.135%Reya0.4464+0.140%Nado0.4465+0.151%Backpack0.4465+0.155%SoDEX0.4465+0.157%GMX0.4465+0.160%gTrade (Gains Network)0.4465+0.167%Hyperliquid0.4466+0.177%SunX0.4466+0.179%Deribit0.4466+0.179%
Bybit
OKX
Extended
MEXC
KuCoin
Bitget
BingX
Binance
Injective
Gate
Orderly
Phemex
Reya
Nado
Backpack
SoDEX
GMX
gTrade (Gains Network)
Hyperliquid
SunX
DeribitParadex0.4467+0.206%
RISEx0.4467+0.210%Aevo0.4467+0.212%BloFin0.4468+0.224%Polymarket Perps0.4468+0.229%Aster0.4469+0.240%01 Exchange0.4469+0.242%ApeX Omni0.4471+0.292%Kraken Futures0.4472+0.314%dYdX0.4473+0.328%Lighter0.4473+0.330%Phoenix0.4473+0.332%HTX0.4473+0.336%
RISEx
Aevo
BloFin
Polymarket Perps
Aster
ApeX Omni
Kraken Futures
dYdX
Lighter
Phoenix
HTXVariational Omni0.4474+0.362%
edgeX0.4476+0.404%Ondo Perps0.4484+0.579%Coinbase International0.4486+0.628%
Ondo Perps
Coinbase InternationalONDO on 38 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit ONDOUSDT | −0.206% | −0.0101% | 4h | $70.3M | $116.9M | 50x | as long as short |
| OKX ONDO-USDT-SWAP | −0.206% | +0.0100% | 4h | $17.7M | $82.6M | 50x | as long as short |
| Extended ONDO-USD | −0.169% | +0.0104% | 1h | $378K | $1.1M | 25x | as long as short |
| MEXC ONDO_USDT | −0.139% | +0.0100% | 4h | $47.8M | $47.7M | 200x | as long as short |
| KuCoin ONDOUSDTM | −0.139% | +0.0100% | 4h | $13.6M | $9.8M | 50x | as long as short |
| Bitget ONDOUSDT | −0.139% | +0.0100% | 4h | $25.3M | $44.2M | 50x | as long as short |
| BingX ONDO-USDT | −0.139% | +0.0100% | 4h | — | $23.2M | — | as long as short |
| Binance ONDOUSDT | −0.097% | +0.0100% | 4h | $66.9M | $228.1M | 75x | as long as short |
| Injective ONDO/USDC PERP | −0.094% | +0.1162% | 1h | $1K | $85K | 5.5x | as long as short |
| Gate ONDO_USDT | −0.072% | +0.0088% | 4h | $11.7M | $19.3M | 50x | as long as short |