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: SunX against Bitget0.000%7-day average −0.158% · you sell dearer than you buy
Net, funding: paid 7d − costs−$156as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1561.563% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 3 days (all we have)−0.120%−$12 · spread now 0.000%, 7d avg −0.158%
Together, before fees−0.120%−$12 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: SunX is 0.158% dearer against Bitget than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.158%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ORDIUSDT4.96200.0100pay 0.0050% / 4h3h 12m$2.9M$3.1M50x
ShortSunX ORDI-USDT4.96200.0100get 0.0050% / 4h3h 12m$2K$1.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Bitget. 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: 0.000% → −0.158%
$15.8
Slippage, 4 orders
−$136.34
Fee Bitget: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$140.54
Costs to cover
1.563%
Break-even
never at this rate
Slippage from Bitget: live order book, 5 min ago; SunX: live order book, 11 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 Bitget live order book, 5 min ago3.04 bp15.6 bp −$1637.1 bp −$371doesn't fitdoesn't fit
Sell SunX live order book, 11 min ago30.47 bp49.3 bp −$49doesn'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%1h4.9693+0.146%$34K$6515xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−8.202%$776$20K5.5xas long as short
Hyperliquid ORDI+0.0100%1h4.9706+0.173%$720K$650K3xas long as short
Aster ORDIUSDT+0.0100%4h4.9692+0.144%$3K$421K5xas long as short
Binance ORDIUSDT+0.0100%4h4.9646+0.053%$10.2M$31.8M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.9600−0.040%$4.2M$4.3M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.9630+0.020%$5.5M$17.0M20xas long as short
Gate ORDI_USDT+0.0100%4h4.9640+0.040%$1.3M$2.7M50xas long as short
MEXC ORDI_USDT+0.0100%4h4.9610−0.020%$7.2M$3.4M200xas long as short
KuCoin ORDIUSDTM+0.0100%4h4.9645+0.050%$940K$825K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ORDIUSDTlong+0.0100%4h4.9620long leg$2.9M$3.1M50x
BingX ORDI-USDC+0.0100%4h4.9790+0.343%$2.3Mas long as short
Variational Omni ORDI+0.0100%4h4.9437−0.368%$24K$56Kas long as short
SunX ORDI-USDTshort+0.0100%4h4.96200.000%$2K$1.2M20x
HTX ORDI-USDT+0.0100%4h4.9640+0.040%$90K$348K75xas long as short
Extended ORDI-USD+0.0104%1h4.9629+0.018%$4K$192K5xas long as short
BloFin ORDI-USDT+0.0109%4h4.96200.000%$611K$315K75xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0240% / S −0.3359%1h4.9670+0.101%$9K100xas long as short
Kraken Futures PF_ORDIUSD+0.2917%1h4.9783+0.329%$67K$39K25xas long as short