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

ORDI

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: SunX against Extended−0.133%7-day average −0.138% · you buy dearer than you sell
Net, funding: paid 7d − costs−$158as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1621.625% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.050%+$5 on $10k
Price spread, last 3 days (all we have)+0.067%+$7 · spread now −0.133%, 7d avg −0.138%
Together, before fees+0.116%+ Points / potential airdropExtended: Active · farm board+$12 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ORDI-USD4.90250.0104pay 0.0013% / 1h46m 43s$5K$172K5x
ShortSunX ORDI-USDT4.89600.0100get 0.0050% / 4h46m 43s$2K$1.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Extended. 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
−$0.84
Price spread: −0.133% → −0.138%
$0.52
Slippage, 4 orders
−$149.47
Fee Extended: 2.5 bp × 2 orders
−$5
Fee SunX: 4 bp × 2 orders
−$8
Net
−$162.79
Costs to cover
1.625%
Break-even
never at this rate
Slippage from Extended: live order book, 29 min ago; SunX: live order book, 7 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 Extended live order book, 29 min ago2.77 bp16.5 bp −$16143.2 bp −$1,432doesn't fitdoesn't fit
Sell SunX live order book, 7 min ago30.56 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%1h4.8989−0.074%$34K$6515xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−7.089%$776$20K5.5xas long as short
BloFin ORDI-USDT+0.0043%4h4.9040+0.030%$610K$310K75xas long as short
Hyperliquid ORDI+0.0100%1h4.9115+0.183%$713K$650K3xas long as short
Aster ORDIUSDT+0.0100%4h4.9051+0.052%$4K$419K5xas long as short
Binance ORDIUSDT+0.0100%4h4.9075+0.103%$10.1M$31.2M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.9000−0.051%$4.1M$4.2M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.9060+0.071%$5.3M$16.6M20xas long as short
Gate ORDI_USDT+0.0100%4h4.9010−0.031%$1.3M$2.7M50xas long as short
MEXC ORDI_USDT+0.0100%4h4.9040+0.030%$7.1M$3.3M200xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ORDIUSDTM+0.0100%4h4.9021−0.008%$940K$819K50xas long as short
Bitget ORDIUSDT+0.0100%4h4.9050+0.051%$2.9M$3.0M50xas long as short
BingX ORDI-USDT+0.0100%4h4.9030+0.010%$24.3Mas long as short
Variational Omni ORDI+0.0100%4h4.9029+0.008%$24K$56Kas long as short
SunX ORDI-USDTshort+0.0100%4h4.8960−0.133%$2K$1.2M20x
HTX ORDI-USDT+0.0100%4h4.8980−0.092%$89K$355K75xas long as short
Extended ORDI-USDlong+0.0104%1h4.9025long leg$5K$172K5x
GMX ORDI/USD [WBTC.b-USDC]L +0.0239% / S −0.3359%1h4.9000−0.051%$8K100xas long as short
Kraken Futures PF_ORDIUSD+0.3015%1h4.9147+0.249%$66K$43K25xas long as short