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

ORDI

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Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%
Price spread now: Bitget against dYdX+0.180%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bitget is 0.180% dearer against dYdX than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ORDI-USD4.83930get 0.0000% / 1h30m 54s$33K$6515x
ShortBitget ORDIUSDT4.84800.0100get 0.0050% / 4h2h 30m$2.8M$2.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against dYdX. 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
$21
Price spread: +0.180% → 0.000%
$17.96
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
$16.96
Costs to cover
0.220%
Break-even
1.3 days
Slippage unknown: dYdX: no order-book sample; Bitget: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy dYdX no order-book sample
Sell Bitget live order book, 2 min ago3.10 bp13.3 bp −$1327.5 bp −$275doesn't fitdoesn't fit
dYdX: 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.

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-USDlong0.0000%1h4.8393long leg$33K$6515x
Injective ORDI/USDC PERP+0.0033%1h4.5550−5.875%$776$20K5.5xas long as short
Gate ORDI_USDT+0.0058%4h4.8420+0.056%$1.2M$2.7M50xas long as short
Hyperliquid ORDI+0.0100%1h4.8529+0.281%$707K$644K3xas long as short
Aster ORDIUSDT+0.0100%4h4.8460+0.138%$4K$414K5xas long as short
Binance ORDIUSDT+0.0100%4h4.8488+0.197%$9.8M$30.6M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.8400+0.014%$4.1M$4.1M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.8450+0.118%$5.3M$16.1M20xas long as short
MEXC ORDI_USDT+0.0100%4h4.8490+0.200%$7.1M$3.3M200xas long as short
KuCoin ORDIUSDTM+0.0100%4h4.8431+0.078%$926K$823K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ORDIUSDTshort+0.0100%4h4.8480+0.180%$2.8M$2.9M50x
BingX ORDI-USDC+0.0100%4h4.8440+0.097%$2.3Mas long as short
Variational Omni ORDI+0.0100%4h4.8363−0.061%$24K$56Kas long as short
SunX ORDI-USDT+0.0100%4h4.8350−0.089%$1K$1.2M20xas long as short
HTX ORDI-USDT+0.0100%4h4.8390−0.006%$88K$362K75xas long as short
Extended ORDI-USD+0.0104%1h4.8483+0.185%$4K$172K5xas long as short
BloFin ORDI-USDT+0.0115%4h4.8490+0.200%$602K$297K75xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0238% / S −0.3359%1h4.8468+0.155%$8K100xas long as short
Kraken Futures PF_ORDIUSD+0.2502%1h4.8627+0.484%$66K$42K25xas long as short