Funding arb · Price arb /

ORDI

all ORDI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against HTX−0.041%7-day average −0.113% · you buy dearer than you sell

Net, funding: paid 7d − costs−$172as in the Funding arb table

Net, price: spread back to 7d avg − costs−$165as in the Price arb table

costs, in and out, $10k−$1721.722% of the position

Long on HTX Short on SunX

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)−0.021%−$2 · spread now −0.041%, 7d avg −0.113%

Together, before fees−0.021%−$2 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 0.072% dearer against HTX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.113%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ORDI-USDT	4.9020	0.0100	pay 0.0050% / 4h	48m 00s	$89K	$355K	75x
Short	SunX ORDI-USDT	4.9000	0.0100	get 0.0050% / 4h	48m 00s	$2K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against HTX. 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

Position, each leg$Hold fordaysFee HTXbpFee SunXbpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → −0.113%: $7.2
Slippage, 4 orders: −$152.24
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$165.05
Costs to cover: 1.722%
Break-even: never at this rate

Slippage from HTX: live order book, 30 min ago; SunX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX live order book, 30 min ago	9.28 bp	15.7 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	30.56 bp	49.3 bp −$49	doesn't fit	doesn't fit	doesn't fit

ORDI on 19 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ORDI-USD	0.0000%	1h	4.8989	−0.064%	$34K	$651	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−7.079%	$776	$20K	5.5x	as long as short
BloFin ORDI-USDT	+0.0090%	4h	4.9030	+0.020%	$608K	$310K	75x	as long as short
Hyperliquid ORDI	+0.0100%	1h	4.9124	+0.212%	$713K	$650K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.9069	+0.100%	$4K	$419K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.9065	+0.092%	$10.1M	$31.2M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.9010	−0.020%	$4.1M	$4.2M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.9010	−0.020%	$5.3M	$16.6M	20x	as long as short
Gate ORDI_USDT	+0.0100%	4h	4.9020	0.000%	$1.3M	$2.7M	50x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	4.9060	+0.082%	$7.1M	$3.3M	200x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ORDIUSDTM	+0.0100%	4h	4.9041	+0.043%	$941K	$825K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.9040	+0.041%	$2.9M	$3.0M	50x	as long as short
BingX ORDI-USDC	+0.0100%	4h	4.9040	+0.041%	—	$2.3M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.9029	+0.018%	$24K	$56K	—	as long as short
SunX ORDI-USDTshort	+0.0100%	4h	4.9000	−0.041%	$2K	$1.2M	20x
HTX ORDI-USDTlong	+0.0100%	4h	4.9020	long leg	$89K	$355K	75x
Extended ORDI-USD	+0.0104%	1h	4.9058	+0.077%	$5K	$172K	5x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0239% / S −0.3359%	1h	4.9030	+0.021%	$8K	—	100x	as long as short
Kraken Futures PF_ORDIUSD	+0.3014%	1h	4.9161	+0.288%	$66K	$43K	25x	as long as short