After costs, if the gap returns to its 7d average, $10k−$48
spread now+0.013%7d average−0.072%fees + slippage, in and out−$57spread needed0.571%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ONDO | 0.4463 | 0.0162 | pay 0.0020% / 1h | 0m 22s | $28K | $244K | 10x |
| Short | Phemex ONDOUSDT | 0.4464 | 0.0100 | get 0.0050% / 4h | 3h 00m | $4.9M | $5.4M | 50x |
Phoenix ONDO
Phemex 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
- $1.34
- Funding while held
- −$1.86
- Slippage, 4 orders
- −$38.07
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$57.59
- Spread needed to break even
- 0.571%
Slippage from Phoenix: live order book, 34 min ago; Phemex: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0062%
- Per $10,000 a day
- −$1.86
- 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, 34 min ago | 0.89 bp | 12.6 bp −$13 | 51.2 bp −$512 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 3.35 bp | 16.5 bp −$17 | 24.9 bp −$249 | doesn't fit | doesn't fit |
ONDO price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni0.4460cheapestOndo Perps0.4462+0.038%Injective0.4463+0.059%Paradex0.4463+0.060%
Variational Omni
Ondo Perps
Injective
ParadexPhoenix0.4463+0.068%
dYdX0.4464+0.073%
dYdXPhemex0.4464+0.081%
BloFin0.4464+0.081%Gate0.4465+0.103%KuCoin0.4465+0.103%ApeX Omni0.4465+0.103%Orderly0.4465+0.103%SoDEX0.4465+0.103%Nado0.4466+0.120%Backpack0.4466+0.121%Bybit0.4466+0.126%OKX0.4466+0.126%Bitget0.4467+0.148%BingX0.4467+0.148%SunX0.4467+0.148%Deribit0.4467+0.148%Reya0.4467+0.152%Extended0.4467+0.154%GMX0.4468+0.168%RISEx0.4468+0.168%Aevo0.4468+0.169%Aster0.4468+0.171%gTrade (Gains Network)0.4468+0.180%Binance0.4469+0.193%MEXC0.4469+0.193%Polymarket Perps0.4470+0.211%Lighter0.4471+0.236%01 Exchange0.4472+0.256%Hyperliquid0.4472+0.258%Kraken Futures0.4472+0.259%HTX0.4473+0.283%edgeX0.4476+0.350%Coinbase International0.4486+0.574%
BloFin
Gate
KuCoin
ApeX Omni
Orderly
SoDEX
Nado
Backpack
Bybit
OKX
Bitget
BingX
SunX
Deribit
Reya
Extended
GMX
RISEx
Aevo
Aster
gTrade (Gains Network)
Binance
MEXC
Polymarket Perps
Lighter
Hyperliquid
Kraken Futures
HTX
Coinbase InternationalONDO on 38 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni ONDO | −0.067% | −0.0063% | 4h | $853K | $2.0M | — | as long as short |
| Ondo Perps ONDO-USD.P | −0.029% | +0.0100% | 1h | $74K | $90K | 10x | as long as short |
| Injective ONDO/USDC PERP | −0.009% | +0.1162% | 1h | $1K | $85K | 5.5x | as long as short |
| Paradex ONDO-USD-PERP | −0.008% | +0.0100% | 8h | $6K | $9 | 10x | as long as short |
| Phoenix ONDOlong | 0.000% | +0.0162% | 1h | $28K | $244K | 10x | |
| dYdX ONDO-USD | +0.005% | +0.6717% | 1h | $248K | $106K | 5x | as long as short |
| Phemex ONDOUSDTshort | +0.013% | +0.0100% | 4h | $4.9M | $5.4M | 50x | |
| BloFin ONDO-USDT | +0.013% | +0.0340% | 4h | $3.3M | $3.3M | 75x | as long as short |
| Gate ONDO_USDT | +0.036% | +0.0100% | 4h | $11.7M | $19.3M | 50x | as long as short |
| KuCoin ONDOUSDTM | +0.036% | +0.0100% | 4h | $13.6M | $9.8M | 50x | as long as short |