After costs, if the gap returns to its 7d average, $10k−$56
spread now−0.170%7d average−0.038%fees + slippage, in and out−$43spread needed0.428%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ONDO | 0.4443 | 0.0143 | pay 0.0018% / 1h | 24m 42s | $28K | $263K | 10x |
| Short | Aster ONDOUSDT | 0.4435 | 0.0100 | get 0.0050% / 4h | 2h 24m | $748K | $1.9M | 20x |
Phoenix ONDO
Aster 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
- −$17.02
- Funding while held
- −$1.3
- Slippage, 4 orders
- −$27.77
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$61.09
- Spread needed to break even
- 0.428%
Slippage from Phoenix: live order book, 5 min ago; Aster: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0043%
- Per $10,000 a day
- −$1.30
- 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 Phoenix live order book, 5 min ago | 0.90 bp | 12.7 bp −$13 | 51.6 bp −$516 | doesn't fit | doesn't fit |
| Sell Aster live order book, 5 min ago | 2.25 bp | 9.5 bp −$10 | 36.5 bp −$365 | doesn't fit | doesn't fit |
ONDO price on every exchange
against the cheapest. Click to use as the short leg.Bybit0.4427cheapestOKX0.4427cheapestExtended0.4428+0.014%Ondo Perps0.4428+0.020%BingX0.4428+0.023%Paradex0.4428+0.026%Gate0.4429+0.045%MEXC0.4429+0.045%KuCoin0.4429+0.045%Bitget0.4429+0.045%RISEx0.4429+0.051%Binance0.4430+0.068%Hyperliquid0.4431+0.095%dYdX0.4432+0.119%Phemex0.4434+0.158%BloFin0.4434+0.158%GMX0.4435+0.178%Reya0.4435+0.180%Orderly0.4435+0.181%SunX0.4435+0.181%SoDEX0.4435+0.181%gTrade (Gains Network)0.4435+0.183%
Bybit
OKX
Extended
Ondo Perps
BingX
Paradex
Gate
MEXC
KuCoin
Bitget
RISEx
Binance
Hyperliquid
dYdX
Phemex
BloFin
GMX
Reya
Orderly
SunX
SoDEX
gTrade (Gains Network)Aster0.4435+0.184%
Nado0.4435+0.186%Backpack0.4436+0.199%Polymarket Perps0.4436+0.210%Lighter0.4437+0.226%Deribit0.4437+0.226%Aevo0.4437+0.237%01 Exchange0.4438+0.239%ApeX Omni0.4439+0.271%Kraken Futures0.4440+0.298%Variational Omni0.4441+0.310%edgeX0.4441+0.311%
Nado
Backpack
Polymarket Perps
Lighter
Deribit
Aevo
ApeX Omni
Kraken Futures
Variational OmniPhoenix0.4443+0.355%
HTX0.4446+0.429%Coinbase International0.4450+0.520%Injective0.4463+0.813%
HTX
Coinbase International
InjectiveONDO on 38 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit ONDOUSDT | −0.353% | +0.0052% | 4h | $69.7M | $115.0M | 50x | as long as short |
| OKX ONDO-USDT-SWAP | −0.353% | +0.0100% | 4h | $17.6M | $80.2M | 50x | as long as short |
| Extended ONDO-USD | −0.339% | +0.0104% | 1h | $374K | $975K | 25x | as long as short |
| Ondo Perps ONDO-USD.P | −0.333% | +0.0100% | 1h | $74K | $86K | 10x | as long as short |
| BingX ONDO-USDT | −0.331% | +0.0100% | 4h | — | $23.1M | — | as long as short |
| Paradex ONDO-USD-PERP | −0.328% | +0.0100% | 8h | $6K | $9 | 10x | as long as short |
| Gate ONDO_USDT | −0.308% | +0.0100% | 4h | $11.7M | $18.7M | 50x | as long as short |
| MEXC ONDO_USDT | −0.308% | +0.0100% | 4h | $47.2M | $45.7M | 200x | as long as short |
| KuCoin ONDOUSDTM | −0.308% | +0.0100% | 4h | $13.5M | $9.8M | 50x | as long as short |
| Bitget ONDOUSDT | −0.308% | +0.0100% | 4h | $25.1M | $42.7M | 50x | as long as short |