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

ORDI

all ORDI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.020%
Price spread now: Gate against dYdX+0.136%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 Gate is 0.136% dearer against dYdX than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ORDI-USD4.87240get 0.0000% / 1h2m 05s$33K$6515x
ShortGate ORDI_USDT4.87900.0100get 0.0050% / 4h2m 05s$1.3M$2.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: +0.136% → 0.000%
$13.61
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
$9.61
Costs to cover
0.250%
Break-even
3.8 days
Slippage unknown: dYdX: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago3.08 bp18.9 bp −$1974.3 bp −$743doesn'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%1h4.8724long leg$33K$6515x
Injective ORDI/USDC PERP+0.0033%1h4.5550−6.514%$776$20K5.5xas long as short
BloFin ORDI-USDT+0.0088%4h4.8780+0.116%$601K$309K75xas long as short
Hyperliquid ORDI+0.0100%1h4.8933+0.430%$710K$653K3xas long as short
Aster ORDIUSDT+0.0100%4h4.8782+0.120%$5K$420K5xas long as short
Binance ORDIUSDT+0.0100%4h4.8857+0.274%$10.0M$31.5M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.8820+0.198%$4.1M$4.3M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.8840+0.239%$5.3M$16.6M20xas long as short
Gate ORDI_USDTshort+0.0100%4h4.8790+0.136%$1.3M$2.8M50x
MEXC ORDI_USDT+0.0100%4h4.8870+0.300%$7.0M$3.3M200xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ORDIUSDTM+0.0100%4h4.8760+0.075%$942K$812K50xas long as short
Bitget ORDIUSDT+0.0100%4h4.8870+0.300%$2.9M$3.0M50xas long as short
BingX ORDI-USDT+0.0100%4h4.8810+0.177%$24.3Mas long as short
Variational Omni ORDI+0.0100%4h4.8528−0.401%$24K$56Kas long as short
SunX ORDI-USDT+0.0100%4h4.8740+0.033%$1K$1.2M20xas long as short
HTX ORDI-USDT+0.0100%4h4.8770+0.095%$89K$355K75xas long as short
Extended ORDI-USD+0.0104%1h4.8790+0.137%$5K$172K5xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0239% / S −0.3359%1h4.8789+0.134%$8K100xas long as short
Kraken Futures PF_ORDIUSD+0.3029%1h4.8912+0.386%$66K$43K25xas long as short