Settings8H · net · $10k
Funding arb · Price arb /

ORDI

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Aster against BingX+0.090%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$790.787% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.015%−$1 on $10k
Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.090%, 7d avg +0.068%
Together, before fees+0.003%+ Points / potential airdropAster: Stage 5 · farm board$0 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.022% dearer against BingX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.068%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ORDI-USDC4.87500.0100pay 0.0050% / 4h2h 53m$2.3M
ShortAster ORDIUSDT4.87940.0100get 0.0050% / 4h2h 53m$6K$418K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against BingX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.090% → +0.068%
$2.18
Slippage, 4 orders
−$60.73
Fee BingX: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$76.55
Costs to cover
0.787%
Break-even
never at this rate
Slippage from BingX: live order book, 9 min ago; Aster: live order book, 14 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 9 min ago3.04 bp22.3 bp −$2289.1 bp −$891468.0 bp −$46.8K570.8 bp −$285.4K
Sell Aster live order book, 14 min ago5.02 bp15.7 bp −$16doesn't fitdoesn't fitdoesn't fit

ORDI on 19 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ORDI-USD0.0000%1h4.8776+0.054%$33K$6515xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−6.564%$776$20K5.5xas long as short
Hyperliquid ORDI+0.0100%1h4.8937+0.384%$708K$660K3xas long as short
Aster ORDIUSDTshort+0.0100%4h4.8794+0.090%$6K$418K5x
Binance ORDIUSDT+0.0100%4h4.8920+0.349%$10.0M$32.8M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.8900+0.308%$4.2M$4.6M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.8910+0.328%$5.3M$17.3M20xas long as short
Gate ORDI_USDT+0.0100%4h4.8830+0.164%$1.3M$2.7M50xas long as short
MEXC ORDI_USDT+0.0100%4h4.8900+0.308%$7.1M$3.4M200xas long as short
KuCoin ORDIUSDTM+0.0100%4h4.8826+0.156%$949K$885K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ORDIUSDT+0.0100%4h4.8920+0.349%$2.9M$3.4M50xas long as short
BingX ORDI-USDClong+0.0100%4h4.8750long leg$2.3M
Variational Omni ORDI+0.0100%4h4.8672−0.159%$24K$56Kas long as short
SunX ORDI-USDT+0.0100%4h4.8720−0.062%$1K$1.2M20xas long as short
HTX ORDI-USDT+0.0100%4h4.8670−0.164%$89K$354K75xas long as short
Extended ORDI-USD+0.0104%1h4.8809+0.121%$2K$195K5xas long as short
BloFin ORDI-USDT+0.0121%4h4.8680−0.144%$612K$310K75xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0239% / S −0.3359%1h4.8890+0.288%$8K100xas long as short
Kraken Futures PF_ORDIUSD+0.3065%1h4.8789+0.080%$72K$49K25xas long as short