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: KuCoin against MEXC−0.050%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$620.619% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.030%+$3 on $10k
Price spread, last 4 days (all we have)+0.055%+$5 · spread now −0.050%, 7d avg −0.027%
Together, before fees+0.084%+$8 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: KuCoin is 0.023% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.027%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ORDI_USDT5.01000.0100pay 0.0050% / 4h3h 04m$7.2M$3.4M200x
ShortKuCoin ORDIUSDTM5.00750.0100get 0.0050% / 4h3h 04m$946K$828K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against MEXC. 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: −0.050% → −0.027%
−$2.34
Slippage, 4 orders
−$49.86
Fee MEXC: 0 bp × 2 orders
$0
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$64.2
Costs to cover
0.619%
Break-even
never at this rate
Slippage from MEXC: live order book, 3 min ago; KuCoin: live order book, 60 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 MEXC live order book, 3 min ago1.00 bp3.7 bp −$417.7 bp −$17757.9 bp −$5,785110.7 bp −$55.4K
Sell KuCoin live order book, 60 min ago6.05 bp23.4 bp −$23567.9 bp −$5,679doesn'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%1h5.0041−0.118%$34K$6515xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−9.082%$776$20K5.5xas long as short
Hyperliquid ORDI+0.0100%1h5.0134+0.068%$726K$649K3xas long as short
Aster ORDIUSDT+0.0100%4h5.0054−0.091%$3K$423K5xas long as short
Binance ORDIUSDT+0.0100%4h5.0076−0.048%$10.3M$31.9M50xas long as short
Bybit ORDIUSDT+0.0100%4h5.0050−0.100%$4.3M$4.3M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h5.0060−0.080%$5.5M$17.2M20xas long as short
Gate ORDI_USDT+0.0100%4h5.0040−0.120%$1.3M$2.7M50xas long as short
MEXC ORDI_USDTlong+0.0100%4h5.0100long leg$7.2M$3.4M200x
KuCoin ORDIUSDTMshort+0.0100%4h5.0075−0.050%$946K$828K50x
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ORDIUSDT+0.0100%4h5.0080−0.040%$2.9M$3.1M50xas long as short
BingX ORDI-USDT+0.0100%4h5.0070−0.060%$27.3Mas long as short
Variational Omni ORDI+0.0100%4h4.9621−0.956%$24K$56Kas long as short
SunX ORDI-USDT+0.0100%4h4.9780−0.639%$2K$1.2M20xas long as short
HTX ORDI-USDT+0.0100%4h4.9850−0.499%$91K$351K75xas long as short
Extended ORDI-USD+0.0104%1h5.0098−0.005%$4K$192K5xas long as short
BloFin ORDI-USDT+0.0124%4h4.9930−0.339%$620K$318K75xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0240% / S −0.3359%1h4.9894−0.412%$9K100xas long as short
Kraken Futures PF_ORDIUSD+0.2898%1h5.0098−0.004%$67K$40K25xas long as short