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: Aster against OKX−0.062%7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$640.644% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.015%−$1 on $10k
Price spread, last 4 days (all we have)+0.183%+$18 · spread now −0.062%, 7d avg +0.021%
Together, before fees+0.168%+ Points / potential airdropAster: Stage 5 · farm board+$17 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: Aster is 0.083% cheaper against OKX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.021%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ORDI-USDT-SWAP4.83800.0100pay 0.0050% / 4h47m 46s$5.2M$17.4M20x
ShortAster ORDIUSDT4.83500.0100get 0.0050% / 4h47m 46s$14K$428K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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: −0.062% → +0.021%
−$8.34
Slippage, 4 orders
−$46.36
Fee OKX: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$72.7
Costs to cover
0.644%
Break-even
never at this rate
Slippage from OKX: live order book, 1 min ago; Aster: live order book, 10 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 OKX live order book, 1 min ago2.07 bp13.1 bp −$1354.2 bp −$542doesn't fitdoesn't fit
Sell Aster live order book, 10 min ago6.18 bp21.7 bp −$22doesn'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
Kraken Futures PF_ORDIUSD−0.0376%1h4.8350−0.062%$71K$44K25xas long as short
dYdX ORDI-USD0.0000%1h4.8346−0.070%$33K$6515xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−5.850%$776$20K5.5xas long as short
Aster ORDIUSDTshort+0.0100%4h4.8350−0.062%$14K$428K5x
Binance ORDIUSDT+0.0100%4h4.8410+0.062%$9.9M$33.7M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.8400+0.041%$4.1M$4.6M50xas long as short
OKX ORDI-USDT-SWAPlong+0.0100%4h4.8380long leg$5.2M$17.4M20x
Gate ORDI_USDT+0.0100%4h4.8320−0.124%$1.2M$2.7M50xas long as short
MEXC ORDI_USDT+0.0100%4h4.8400+0.041%$6.8M$3.4M200xas long as short
KuCoin ORDIUSDTM+0.0100%4h4.8319−0.126%$965K$873K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ORDIUSDT+0.0100%4h4.8390+0.021%$2.9M$3.5M50xas long as short
BingX ORDI-USDC+0.0100%4h4.8340−0.083%$2.3Mas long as short
Variational Omni ORDI+0.0100%4h4.8337−0.090%$24K$55Kas long as short
SunX ORDI-USDT+0.0100%4h4.8330−0.103%$1K$1.2M20xas long as short
HTX ORDI-USDT+0.0100%4h4.8350−0.062%$82K$401K75xas long as short
Extended ORDI-USD+0.0104%1h4.8396+0.033%$5K$185K5xas long as short
BloFin ORDI-USDT+0.0154%4h4.8230−0.310%$599K$302K75xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0239% / S −0.3359%1h4.8382+0.005%$8K100xas long as short
Hyperliquid ORDI+0.0470%1h4.8484+0.215%$698K$660K3xas long as short