Spread before costs (cost unknown: a leg has no order-book sample)−1.633%
7d average—if it closes, per $10,000$163funding while held, a day+$21.72
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX ONDO-USD | 0.4531 | 0.0100 | pay 0.0013% / 1h | 30m 27s | $2K | $8K | 10x |
| Short | Injective ONDO/USDC PERP | 0.4457 | 0.0824 | get 0.0103% / 1h | 30m 27s | $1K | $88K | 5.5x |
SoDEX ONDO-USD
Injective ONDO/USDC PERPPrice 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
- −$163.32
- Funding while held
- $21.72
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$149.62
- Spread needed to break even
- 0.080%
Slippage unknown: SoDEX: no order-book sample; Injective: live order book, 90 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0724%
- Per $10,000 a day
- +$21.72
- 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Injective live order book, 90 min ago | 64.59 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
SoDEX: 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.Injective0.4457cheapest
edgeX0.4512+1.245%ApeX Omni0.4516+1.324%Variational Omni0.4521+1.446%Ondo Perps0.4523+1.476%Phoenix0.4524+1.512%Orderly0.4527+1.571%Phemex0.4527+1.571%Bybit0.4528+1.593%OKX0.4528+1.593%BloFin0.4528+1.593%GMX0.4528+1.604%Gate0.4529+1.615%BingX0.4529+1.615%gTrade (Gains Network)0.4529+1.615%Coinbase International0.4529+1.615%Aevo0.4530+1.628%MEXC0.4530+1.638%Deribit0.4530+1.638%Binance0.4530+1.646%Reya0.4531+1.651%Bitget0.4531+1.660%SunX0.4531+1.660%
ApeX Omni
Variational Omni
Ondo Perps
Phoenix
Orderly
Phemex
Bybit
OKX
BloFin
GMX
Gate
BingX
gTrade (Gains Network)
Coinbase International
Aevo
MEXC
Deribit
Binance
Reya
Bitget
SunXSoDEX0.4531+1.660%
dYdX0.4532+1.680%Backpack0.4533+1.705%Extended0.4533+1.712%Paradex0.4534+1.724%KuCoin0.4534+1.728%HTX0.4534+1.728%RISEx0.4534+1.731%Nado0.4534+1.733%Aster0.4535+1.745%Polymarket Perps0.4536+1.772%Kraken Futures0.4537+1.801%Hyperliquid0.4540+1.871%Lighter0.4542+1.903%
dYdX
Backpack
Extended
Paradex
KuCoin
HTX
RISEx
Nado
Aster
Polymarket Perps
Kraken Futures
Hyperliquid
LighterONDO on 37 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ONDO/USDC PERPshort | −1.633% | +0.0824% | 1h | $1K | $88K | 5.5x | |
| edgeX ONDOUSDC | −0.409% | +0.0100% | 4h | $4K | $317K | 20x | as long as short |
| ApeX Omni ONDOUSDT | −0.331% | +0.0100% | 1h | $183K | $340K | 50x | as long as short |
| Variational Omni ONDO | −0.211% | +0.0100% | 4h | $916K | $2.0M | — | as long as short |
| Ondo Perps ONDO-USD.P | −0.181% | +0.0100% | 1h | $74K | $101K | 10x | as long as short |
| Phoenix ONDO | −0.146% | +0.0035% | 1h | $28K | $206K | 10x | as long as short |
| Orderly PERP_ONDO_USDC | −0.088% | +0.0094% | 4h | $25K | $6K | 10x | as long as short |
| Phemex ONDOUSDT | −0.088% | +0.0100% | 4h | $4.9M | $4.7M | 50x | as long as short |
| Bybit ONDOUSDT | −0.066% | +0.0100% | 4h | $70.3M | $112.7M | 50x | as long as short |
| OKX ONDO-USDT-SWAP | −0.066% | +0.0100% | 4h | $18.4M | $80.4M | 50x | as long as short |