Spread before costs (cost unknown: a leg has no order-book sample)−1.024%
7d average—if it closes, per $10,000$102funding while held, a day−$0.36
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX ONDO-USD | 0.4504 | 0.0100 | pay 0.0013% / 1h | 47m 06s | $468 | $15K | 10x |
| Short | Variational Omni ONDO | 0.4458 | 0.0088 | get 0.0044% / 4h | 3h 47m | $928K | $2.0M | — |
SoDEX ONDO-USD
Variational Omni ONDOPrice 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
- −$102.4
- Funding while held
- −$0.36
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$110.76
- Spread needed to break even
- 0.080%
Slippage unknown: SoDEX: no order-book sample; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0012%
- Per $10,000 a day
- −$0.36
- 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 3 min ago | 5.59 bp | doesn't fit | 14.5 bp −$145 | 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.Injective0.4445cheapest
InjectiveVariational Omni0.4458+0.290%
Reya0.4481+0.820%Polymarket Perps0.4489+0.979%gTrade (Gains Network)0.4490+1.017%GMX0.4491+1.029%01 Exchange0.4491+1.030%Phoenix0.4491+1.046%RISEx0.4493+1.070%edgeX0.4494+1.107%Orderly0.4495+1.125%Aevo0.4496+1.140%SunX0.4496+1.147%BloFin0.4496+1.147%ApeX Omni0.4497+1.170%KuCoin0.4498+1.192%Deribit0.4499+1.215%Phemex0.4499+1.215%Ondo Perps0.4500+1.231%Gate0.4502+1.282%MEXC0.4503+1.305%BingX0.4503+1.305%
Reya
Polymarket Perps
gTrade (Gains Network)
GMX
Phoenix
RISEx
Orderly
Aevo
SunX
BloFin
ApeX Omni
KuCoin
Deribit
Phemex
Ondo Perps
Gate
MEXC
BingXSoDEX0.4504+1.327%
Backpack0.4505+1.339%Paradex0.4505+1.339%Aster0.4506+1.365%dYdX0.4506+1.370%Nado0.4506+1.372%Coinbase International0.4506+1.372%Hyperliquid0.4507+1.402%Kraken Futures0.4510+1.464%Lighter0.4510+1.471%Bybit0.4511+1.485%Extended0.4514+1.548%Bitget0.4514+1.552%HTX0.4514+1.552%OKX0.4516+1.597%Binance0.4516+1.601%
Backpack
Paradex
Aster
dYdX
Nado
Coinbase International
Hyperliquid
Kraken Futures
Lighter
Bybit
Extended
Bitget
HTX
OKX
BinanceONDO on 38 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ONDO/USDC PERP | −1.310% | +0.1162% | 1h | $1K | $85K | 5.5x | as long as short |
| Variational Omni ONDOshort | −1.024% | +0.0088% | 4h | $928K | $2.0M | — | |
| Reya ONDORUSDPERP | −0.500% | +0.1127% | 1h | $2K | — | 20x | as long as short |
| Polymarket Perps ONDO-USD | −0.344% | +0.0100% | 1h | $88K | $996K | 10x | as long as short |
| gTrade (Gains Network) ONDO/USD | −0.306% | L +0.0003% / S −0.0010% | 1h | $10K | — | 150x | as long as short |
| GMX ONDO/USD [ETH-USDC] | −0.295% | L +0.0567% / S −0.0189% | 1h | $510K | — | 100x | as long as short |
| 01 Exchange ONDOUSD | −0.293% | +0.0224% | 1h | $370 | $1K | 10x | as long as short |
| Phoenix ONDO | −0.278% | +0.0162% | 1h | $28K | $244K | 10x | as long as short |
| RISEx ONDO/USDC | −0.254% | +0.0100% | 1h | — | — | 5x | as long as short |
| edgeX ONDOUSDC | −0.218% | +0.0100% | 4h | $5K | $319K | 20x | as long as short |
Show all 38 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_ONDO_USDC | −0.200% | +0.0093% | 4h | $25K | $8K | 10x | as long as short |
| Aevo ONDO-PERP | −0.185% | +0.0104% | 1h | $35K | — | 3x | as long as short |
| SunX ONDO-USDT | −0.178% | +0.0100% | 4h | — | $1.4M | 20x | as long as short |
| BloFin ONDO-USDT | −0.178% | +0.0340% | 4h | $3.3M | $3.5M | 75x | as long as short |
| ApeX Omni ONDOUSDT | −0.155% | +0.0100% | 1h | $182K | $387K | 50x | as long as short |
| KuCoin ONDOUSDTM | −0.133% | +0.0100% | 4h | $13.8M | $10.4M | 50x | as long as short |
| Deribit ONDO_USDC-PERPETUAL | −0.111% | +0.0195% | 1h | $16K | $302K | 25x | as long as short |
| Phemex ONDOUSDT | −0.111% | +0.0060% | 4h | $5.0M | $5.3M | 50x | as long as short |
| Ondo Perps ONDO-USD.P | −0.095% | +0.0100% | 1h | $74K | $94K | 10x | as long as short |
| Gate ONDO_USDT | −0.044% | −0.0332% | 4h | $11.8M | $18.8M | 50x | as long as short |
| MEXC ONDO_USDT | −0.022% | +0.0100% | 4h | $49.4M | $46.2M | 200x | as long as short |
| BingX ONDO-USDT | −0.022% | +0.0100% | 4h | — | $23.5M | — | as long as short |
| SoDEX ONDO-USDlong | 0.000% | +0.0100% | 1h | $468 | $15K | 10x | |
| Backpack ONDO_USDC_PERP | +0.011% | +0.0100% | 1h | $229K | $860K | 15x | as long as short |
| Paradex ONDO-USD-PERP | +0.011% | +0.0100% | 8h | $6K | $9 | 10x | as long as short |
| Aster ONDOUSDT | +0.037% | +0.0100% | 4h | $753K | $1.8M | 20x | as long as short |
| dYdX ONDO-USD | +0.042% | +0.2528% | 1h | $250K | $105K | 5x | as long as short |
| Nado ONDO-PERP | +0.044% | +0.0100% | 1h | $483K | $612K | 10x | as long as short |
| Coinbase International ONDO-PERP-INTX | +0.044% | +0.0464% | 1h | $356K | $844K | 50x | as long as short |
| Hyperliquid ONDO | +0.073% | +0.0175% | 1h | $41.0M | $28.1M | 10x | as long as short |
| Kraken Futures PF_ONDOUSD | +0.135% | +0.1023% | 1h | $3.6M | $5.1M | 50x | as long as short |
| Lighter ONDO | +0.142% | +0.0472% | 1h | $1.2M | $2.0M | 10x | as long as short |
| Bybit ONDOUSDT | +0.155% | −0.0747% | 4h | $70.7M | $118.1M | 50x | as long as short |
| Extended ONDO-USD | +0.218% | +0.0104% | 1h | $381K | $1.1M | 25x | as long as short |
| Bitget ONDOUSDT | +0.222% | +0.0100% | 4h | $25.5M | $44.1M | 50x | as long as short |
| HTX ONDO-USDT | +0.222% | +0.0100% | 4h | $132K | $481K | 50x | as long as short |
| OKX ONDO-USDT-SWAP | +0.266% | +0.0100% | 4h | $18.5M | $83.8M | 50x | as long as short |
| Binance ONDOUSDT | +0.271% | +0.0100% | 4h | $68.1M | $229.0M | 75x | as long as short |