Spread before costs (cost unknown: a leg has no order-book sample)−0.002%
7d average−0.081%if it closes, per $10,000$0funding while held, a day+$0.82
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ONDO | 0.4444 | 0.0162 | pay 0.0020% / 1h | 55m 41s | $28K | $223K | 10x |
| Short | GMX ONDO/USD [ETH-USDC] | 0.4444 | L +0.0563% / S −0.0189% | get 0.0024% / 1h | 55m 41s | $505K | — | 100x |
Phoenix ONDO
GMX ONDO/USD [ETH-USDC]Price 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
- −$0.16
- Funding while held
- $0.82
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$18.34
- Spread needed to break even
- 0.190%
Slippage unknown: Phoenix: live order book, 44 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0027%
- Per $10,000 a day
- +$0.82
- 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, 44 min ago | 0.91 bp | 12.7 bp −$13 | 51.7 bp −$517 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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.Injective0.4419cheapestBloFin0.4432+0.294%Ondo Perps0.4434+0.333%Coinbase International0.4435+0.362%ApeX Omni0.4436+0.385%Bybit0.4439+0.453%Variational Omni0.4440+0.486%OKX0.4441+0.498%Binance0.4443+0.543%Bitget0.4443+0.543%
Injective
BloFin
Ondo Perps
Coinbase International
ApeX Omni
Bybit
Variational Omni
OKX
Binance
BitgetGMX0.4444+0.562%
Phoenix0.4444+0.563%
Reya0.4444+0.564%MEXC0.4444+0.566%Orderly0.4444+0.566%edgeX0.4445+0.581%gTrade (Gains Network)0.4445+0.585%dYdX0.4445+0.588%SunX0.4445+0.588%SoDEX0.4445+0.588%Deribit0.4446+0.611%Nado0.4446+0.622%Paradex0.4447+0.624%Gate0.4447+0.634%HTX0.4447+0.634%Polymarket Perps0.4447+0.640%Aevo0.4448+0.663%RISEx0.4449+0.678%BingX0.4449+0.679%Phemex0.4449+0.679%KuCoin0.4450+0.702%Aster0.4450+0.703%Kraken Futures0.4450+0.711%Extended0.4451+0.715%Lighter0.4451+0.720%01 Exchange0.4451+0.733%Hyperliquid0.4454+0.788%Backpack0.4454+0.794%
Reya
MEXC
Orderly
gTrade (Gains Network)
dYdX
SunX
SoDEX
Deribit
Nado
Paradex
Gate
HTX
Polymarket Perps
Aevo
RISEx
BingX
Phemex
KuCoin
Aster
Kraken Futures
Extended
Lighter
Hyperliquid
BackpackONDO on 38 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ONDO/USDC PERP | −0.560% | +0.1162% | 1h | $995 | $85K | 5.5x | as long as short |
| BloFin ONDO-USDT | −0.268% | +0.0340% | 4h | $3.3M | $3.4M | 75x | as long as short |
| Ondo Perps ONDO-USD.P | −0.230% | +0.0100% | 1h | $74K | $93K | 10x | as long as short |
| Coinbase International ONDO-PERP-INTX | −0.200% | +0.0464% | 1h | $351K | $821K | 50x | as long as short |
| ApeX Omni ONDOUSDT | −0.178% | +0.0100% | 1h | $179K | $386K | 50x | as long as short |
| Bybit ONDOUSDT | −0.110% | +0.0100% | 4h | $69.7M | $118.8M | 50x | as long as short |
| Variational Omni ONDO | −0.077% | +0.0100% | 4h | $921K | $2.0M | — | as long as short |
| OKX ONDO-USDT-SWAP | −0.065% | +0.0100% | 4h | $18.2M | $82.8M | 50x | as long as short |
| Binance ONDOUSDT | −0.020% | +0.0100% | 4h | $67.0M | $228.9M | 75x | as long as short |
| Bitget ONDOUSDT | −0.020% | +0.0100% | 4h | $25.3M | $44.2M | 50x | as long as short |
Show all 38 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| GMX ONDO/USD [ETH-USDC]short | −0.002% | L +0.0563% / S −0.0189% | 1h | $505K | — | 100x | |
| Phoenix ONDOlong | 0.000% | +0.0162% | 1h | $28K | $223K | 10x | |
| Reya ONDORUSDPERP | 0.000% | +0.1127% | 1h | $2K | — | 20x | as long as short |
| MEXC ONDO_USDT | +0.002% | +0.0100% | 4h | $49.3M | $45.6M | 200x | as long as short |
| Orderly PERP_ONDO_USDC | +0.002% | +0.0093% | 4h | $24K | $9K | 10x | as long as short |
| edgeX ONDOUSDC | +0.017% | +0.0100% | 4h | $5K | $319K | 20x | as long as short |
| gTrade (Gains Network) ONDO/USD | +0.022% | L +0.0003% / S −0.0008% | 1h | $6K | — | 150x | as long as short |
| dYdX ONDO-USD | +0.025% | +0.1694% | 1h | $247K | $105K | 5x | as long as short |
| SunX ONDO-USDT | +0.025% | +0.0100% | 4h | — | $1.4M | 20x | as long as short |
| SoDEX ONDO-USD | +0.025% | +0.0100% | 1h | $462 | $15K | 10x | as long as short |
| Deribit ONDO_USDC-PERPETUAL | +0.047% | +0.0425% | 1h | $36K | $242K | 25x | as long as short |
| Nado ONDO-PERP | +0.059% | +0.0100% | 1h | $441K | $577K | 10x | as long as short |
| Paradex ONDO-USD-PERP | +0.060% | +0.0100% | 8h | $6K | $9 | 10x | as long as short |
| Gate ONDO_USDT | +0.070% | +0.0100% | 4h | $11.7M | $18.6M | 50x | as long as short |
| HTX ONDO-USDT | +0.070% | +0.0100% | 4h | $130K | $539K | 50x | as long as short |
| Polymarket Perps ONDO-USD | +0.077% | +0.0100% | 1h | $80K | $1.0M | 10x | as long as short |
| Aevo ONDO-PERP | +0.099% | +0.0104% | 1h | $35K | — | 3x | as long as short |
| RISEx ONDO/USDC | +0.114% | +0.0100% | 1h | — | — | 5x | as long as short |
| BingX ONDO-USDC | +0.115% | +0.0100% | 4h | — | $766K | — | as long as short |
| Phemex ONDOUSDT | +0.115% | −0.1365% | 4h | $5.0M | $5.3M | 50x | as long as short |
| KuCoin ONDOUSDTM | +0.137% | +0.0100% | 4h | $13.6M | $10.6M | 50x | as long as short |
| Aster ONDOUSDT | +0.139% | +0.0100% | 4h | $745K | $1.8M | 20x | as long as short |
| Kraken Futures PF_ONDOUSD | +0.146% | +0.1037% | 1h | $3.5M | $5.0M | 50x | as long as short |
| Extended ONDO-USD | +0.151% | +0.0104% | 1h | $375K | $1.1M | 25x | as long as short |
| Lighter ONDO | +0.155% | +0.0592% | 1h | $1.2M | $2.0M | 10x | as long as short |
| 01 Exchange ONDOUSD | +0.169% | +0.0272% | 1h | $366 | $1K | 10x | as long as short |
| Hyperliquid ONDO | +0.223% | +0.0267% | 1h | $40.5M | $29.3M | 10x | as long as short |
| Backpack ONDO_USDC_PERP | +0.230% | +0.0100% | 1h | $243K | $849K | 15x | as long as short |