After costs, if the gap returns to its 7d average, $10k−$56
spread now−0.252%7d average−0.124%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 | 0.4410 | 0.0145 | pay 0.0018% / 1h | 35m 12s | $27K | $249K | 10x |
| Short | Bybit ONDOUSDT | 0.4399 | 0.0100 | get 0.0050% / 4h | 1h 35m | $69.0M | $115.2M | 50x |
Phoenix ONDO
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
- −$25.17
- Funding while held
- −$1.36
- Slippage, 4 orders
- −$24.79
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$69.32
- Spread needed to break even
- 0.428%
Slippage from Phoenix: live order book, 54 min ago; Bybit: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0045%
- Per $10,000 a day
- −$1.36
- 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, 54 min ago | 0.90 bp | 12.7 bp −$13 | 51.6 bp −$516 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.13 bp | 8.6 bp −$9 | 14.7 bp −$147 | 59.5 bp −$5,951 | doesn't fit |
ONDO price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps0.4395cheapest
Ondo PerpsBybit0.4399+0.100%
OKX0.4399+0.100%Gate0.4399+0.100%Extended0.4399+0.102%Paradex0.4400+0.122%Binance0.4400+0.123%Bitget0.4400+0.123%SoDEX0.4400+0.123%RISEx0.4401+0.141%gTrade (Gains Network)0.4401+0.144%GMX0.4401+0.144%BingX0.4401+0.146%Orderly0.4401+0.146%Deribit0.4401+0.146%Coinbase International0.4401+0.146%Phemex0.4401+0.146%01 Exchange0.4401+0.150%Kraken Futures0.4401+0.153%MEXC0.4402+0.168%SunX0.4402+0.168%Reya0.4402+0.177%Variational Omni0.4403+0.183%KuCoin0.4403+0.191%Nado0.4403+0.191%BloFin0.4403+0.191%Polymarket Perps0.4403+0.198%Aevo0.4403+0.199%Aster0.4404+0.207%dYdX0.4406+0.257%Hyperliquid0.4406+0.262%Lighter0.4406+0.262%Backpack0.4406+0.269%
OKX
Gate
Extended
Paradex
Binance
Bitget
SoDEX
RISEx
gTrade (Gains Network)
GMX
BingX
Orderly
Deribit
Coinbase International
Phemex
Kraken Futures
MEXC
SunX
Reya
Variational Omni
KuCoin
Nado
BloFin
Polymarket Perps
Aevo
Aster
dYdX
Hyperliquid
Lighter
BackpackPhoenix0.4410+0.353%
ApeX Omni0.4411+0.373%HTX0.4411+0.373%edgeX0.4413+0.412%Injective0.4463+1.556%
ApeX Omni
HTX
InjectiveONDO on 38 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps ONDO-USD.P | −0.351% | +0.0100% | 1h | $72K | $89K | 10x | as long as short |
| Bybit ONDOUSDTshort | −0.252% | +0.0100% | 4h | $69.0M | $115.2M | 50x | |
| OKX ONDO-USDT-SWAP | −0.252% | +0.0100% | 4h | $17.3M | $79.6M | 50x | as long as short |
| Gate ONDO_USDT | −0.252% | +0.0100% | 4h | $11.6M | $19.0M | 50x | as long as short |
| Extended ONDO-USD | −0.250% | +0.0104% | 1h | $372K | $933K | 25x | as long as short |
| Paradex ONDO-USD-PERP | −0.230% | +0.0100% | 8h | $6K | $9 | 10x | as long as short |
| Binance ONDOUSDT | −0.229% | +0.0100% | 4h | $65.0M | $221.9M | 75x | as long as short |
| Bitget ONDOUSDT | −0.229% | +0.0100% | 4h | $24.7M | $42.0M | 50x | as long as short |
| SoDEX ONDO-USD | −0.229% | +0.0100% | 1h | $457 | $14K | 10x | as long as short |
| RISEx ONDO/USDC | −0.211% | +0.0100% | 1h | — | — | 5x | as long as short |