Spread before costs (cost unknown: a leg has no order-book sample)−0.031%
7d average−0.083%if it closes, per $10,000$3funding while held, a day+$1.02
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COINUSDT | 204.34 | 0.0016 | pay 0.0016% / 8h | 27m 27s | $15.9M | $64.8M | 20x |
| Short | Ondo Perps COIN-USD.P | 204.28 | 0.0050 | get 0.0006% / 1h | 27m 27s | $375K | $2.9M | 10x |
Binance COINUSDT
Ondo Perps COIN-USD.PPrice 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
- −$3.07
- Funding while held
- $1.02
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$17.05
- Spread needed to break even
- 0.150%
Slippage unknown: Binance: live order book, 16 min ago; Ondo Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0034%
- Per $10,000 a day
- +$1.02
- 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 Binance live order book, 16 min ago | 0.24 bp | 8.2 bp −$8 | 16.7 bp −$167 | 48.3 bp −$4,831 | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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.
COIN price on every exchange
against the cheapest. Click to use as the short leg.Vest204.20cheapest
VestOndo Perps204.28+0.039%
Polymarket Perps204.28+0.039%QFEX204.31+0.054%Extended204.32+0.061%OKX204.33+0.064%Lighter204.34+0.066%
Polymarket Perps
QFEX
Extended
OKX
LighterBinance204.34+0.070%
Lighter RH204.35+0.073%Arcus204.35+0.073%tradeXYZ204.36+0.078%SoDEX204.37+0.083%Gate204.38+0.088%Orderly204.38+0.088%Aevo204.39+0.094%KuCoin204.40+0.098%Bitget204.42+0.108%BloFin204.42+0.108%Bybit204.43+0.113%ApeX Omni204.44+0.118%Phoenix204.47+0.132%edgeX204.53+0.164%Aster204.60+0.195%Injective204.71+0.250%Variational Omni204.71+0.250%
Lighter RH
Arcus
tradeXYZ
SoDEX
Gate
Orderly
Aevo
KuCoin
Bitget
BloFin
Bybit
ApeX Omni
Phoenix
Aster
Injective
Variational OmniCOIN on 25 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Vest COIN-USD-PERP | −0.070% | +0.0046% | 1h | — | $427K | 25x | as long as short |
| Ondo Perps COIN-USD.Pshort | −0.031% | +0.0050% | 1h | $375K | $2.9M | 10x | |
| Polymarket Perps COIN-USD | −0.031% | +0.0050% | 1h | $134K | $1.1M | 10x | as long as short |
| QFEX COIN-USD | −0.016% | +0.0029% | 1h | $1.6M | $3.2M | 10x | as long as short |
| Extended COIN_24_5-USD | −0.009% | +0.0016% | 1h | $101K | $427K | 10x | as long as short |
| OKX COIN-USDT-SWAP | −0.006% | 0.0000% | 8h | $3.4M | $4.7M | 20x | as long as short |
| Lighter COIN | −0.004% | +0.0032% | 1h | $413K | $2.4M | 10x | as long as short |
| Binance COINUSDTlong | 0.000% | +0.0016% | 8h | $15.9M | $64.8M | 20x | |
| Lighter RH COIN | +0.004% | +0.0032% | 1h | $472K | $2.0M | 10x | as long as short |
| Arcus COIN-USD | +0.004% | +0.0040% | 1h | $16K | $42K | 5x | as long as short |
Show all 25 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:COIN | +0.008% | +0.0050% | 1h | $16.5M | $13.1M | 10x | as long as short |
| SoDEX COIN-USD | +0.013% | +0.0050% | 1h | $109 | $3K | 10x | as long as short |
| Gate COIN_USDT | +0.018% | 0.0000% | 8h | $1.5M | $5.6M | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.018% | +0.0100% | 8h | $591 | $5K | 10x | as long as short |
| Aevo COIN-PERP | +0.024% | +0.0104% | 1h | $121 | — | 10x | as long as short |
| KuCoin COINUSDTM | +0.028% | +0.0100% | 8h | $1.1M | $139K | 20x | as long as short |
| Bitget COINUSDT | +0.038% | +0.0001% | 8h | $6.8M | $8.3M | 20x | as long as short |
| BloFin COIN-USDT | +0.038% | +0.0090% | 8h | $213K | $291K | 20x | as long as short |
| Bybit COINUSDT | +0.043% | +0.0015% | 8h | $5.2M | $5.1M | 50x | as long as short |
| ApeX Omni COINUSDT | +0.048% | +0.0100% | 1h | $167K | $587K | 50x | as long as short |
| Phoenix COIN | +0.062% | +0.0156% | 1h | $3K | $207K | 10x | as long as short |
| edgeX COINUSDC | +0.094% | +0.0911% | 4h | $53K | $288K | 10x | as long as short |
| Aster COINUSDT | +0.125% | 0.0000% | 8h | $408K | $780K | 20x | as long as short |
| Injective COIN/USDC PERP | +0.180% | −0.0440% | 1h | $41K | $107K | 30x | as long as short |
| Variational Omni COIN | +0.180% | 0.0000% | 8h | $867K | $880K | — | as long as short |