After costs, if the gap returns to its 7d average, $10k−$84
spread now−0.460%7d average−0.085%fees + slippage, in and out−$47spread needed0.469%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ONDO | 0.4408 | 0.0127 | pay 0.0016% / 1h | 56m 00s | $27K | $248K | 10x |
| Short | Bitget ONDOUSDT | 0.4388 | 0.0100 | get 0.0050% / 4h | 56m 00s | $24.8M | $41.8M | 50x |
Phoenix ONDO
Bitget 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
- −$46.05
- Funding while held
- −$0.81
- Slippage, 4 orders
- −$27.87
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$93.73
- Spread needed to break even
- 0.469%
Slippage from Phoenix: live order book, 28 min ago; Bitget: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0027%
- Per $10,000 a day
- −$0.81
- 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, 28 min ago | 0.91 bp | 12.6 bp −$13 | 51.4 bp −$514 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 1.13 bp | 12.3 bp −$12 | 15.9 bp −$159 | 45.5 bp −$4,549 | doesn't fit |
ONDO price on every exchange
against the cheapest. Click to use as the short leg.OKX0.4385cheapestBybit0.4386+0.023%Extended0.4386+0.025%GMX0.4387+0.038%Kraken Futures0.4387+0.040%Gate0.4387+0.046%KuCoin0.4387+0.046%Orderly0.4387+0.046%SoDEX0.4387+0.046%Phemex0.4387+0.046%Reya0.4387+0.047%gTrade (Gains Network)0.4388+0.062%MEXC0.4388+0.068%
OKX
Bybit
Extended
GMX
Kraken Futures
Gate
KuCoin
Orderly
SoDEX
Phemex
Reya
gTrade (Gains Network)
MEXCBitget0.4388+0.068%
BingX0.4388+0.068%Deribit0.4388+0.068%Nado0.4389+0.080%RISEx0.4389+0.087%Polymarket Perps0.4389+0.091%Aevo0.4389+0.091%Binance0.4390+0.110%Backpack0.4390+0.119%Aster0.4391+0.133%Paradex0.4391+0.137%SunX0.4391+0.137%dYdX0.4392+0.162%Hyperliquid0.4394+0.203%01 Exchange0.4394+0.205%Lighter0.4396+0.242%BloFin0.4396+0.251%HTX0.4398+0.296%Coinbase International0.4399+0.319%ApeX Omni0.4402+0.388%Variational Omni0.4404+0.424%edgeX0.4404+0.438%Ondo Perps0.4404+0.442%
BingX
Deribit
Nado
RISEx
Polymarket Perps
Aevo
Binance
Backpack
Aster
Paradex
SunX
dYdX
Hyperliquid
Lighter
BloFin
HTX
Coinbase International
ApeX Omni
Variational Omni
Ondo PerpsPhoenix0.4408+0.531%
Injective0.4416+0.707%
InjectiveONDO on 38 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX ONDO-USDT-SWAP | −0.529% | +0.0100% | 4h | $17.1M | $78.3M | 50x | as long as short |
| Bybit ONDOUSDT | −0.506% | +0.0100% | 4h | $68.8M | $114.0M | 50x | as long as short |
| Extended ONDO-USD | −0.504% | +0.0104% | 1h | $370K | $923K | 25x | as long as short |
| GMX ONDO/USD [ETH-USDC] | −0.491% | L +0.0598% / S −0.0200% | 1h | $539K | — | 100x | as long as short |
| Kraken Futures PF_ONDOUSD | −0.489% | −0.0496% | 1h | $2.9M | $6.0M | 50x | as long as short |
| Gate ONDO_USDT | −0.483% | +0.0100% | 4h | $11.6M | $18.7M | 50x | as long as short |
| KuCoin ONDOUSDTM | −0.483% | +0.0100% | 4h | $13.3M | $9.8M | 50x | as long as short |
| Orderly PERP_ONDO_USDC | −0.483% | +0.0100% | 4h | $24K | $8K | 10x | as long as short |
| SoDEX ONDO-USD | −0.483% | +0.0100% | 1h | $456 | $14K | 10x | as long as short |
| Phemex ONDOUSDT | −0.483% | +0.0100% | 4h | $4.9M | $5.7M | 50x | as long as short |