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

ORDI

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Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against OKX−0.063%7-day average −0.151% · you buy dearer than you sell
Net, funding: paid 7d − costs−$150as in the Funding arb table
Net, price: spread back to 7d avg − costs−$148as in the Price arb table
costs, in and out, $10k−$1561.564% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.062%+$6 on $10k
Price spread, last 4 days (all we have)−0.041%−$4 · spread now −0.063%, 7d avg −0.151%
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 0.088% dearer against OKX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.151%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ORDI-USDT-SWAP4.77400.0100pay 0.0050% / 4h1h 28m$4.9M$17.5M20x
ShortSunX ORDI-USDT4.77100.0100get 0.0050% / 4h1h 28m$2K$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: −0.063% → −0.151%
$8.83
Slippage, 4 orders
−$138.42
Fee OKX: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$147.6
Costs to cover
1.564%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; SunX: live order book, 8 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, 3 min ago2.10 bp11.8 bp −$1240.0 bp −$400doesn't fitdoesn't fit
Sell SunX live order book, 8 min ago31.34 bp50.2 bp −$50doesn't fitdoesn't fitdoesn't fit

ORDI on 19 exchanges

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−0.1173%1h4.7671−0.145%$68K$43K25xas long as short
dYdX ORDI-USD0.0000%1h4.7719−0.045%$33K$5775xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−4.587%$776$20K5.5xas long as short
BloFin ORDI-USDT+0.0066%4h4.7800+0.126%$577K$283K75xas long as short
Hyperliquid ORDI+0.0100%1h4.7797+0.119%$690K$649K3xas long as short
Aster ORDIUSDT+0.0100%4h4.7760+0.042%$8K$258K5xas long as short
Binance ORDIUSDT+0.0100%4h4.7770+0.063%$9.6M$32.7M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.77400.000%$4.0M$4.3M50xas long as short
OKX ORDI-USDT-SWAPlong+0.0100%4h4.7740long leg$4.9M$17.5M20x
Gate ORDI_USDT+0.0100%4h4.7730−0.021%$1.2M$2.6M50xas long as short
Show all 19 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ORDI_USDT+0.0100%4h4.7760+0.042%$6.5M$2.9M200xas long as short
KuCoin ORDIUSDTM+0.0100%4h4.7764+0.050%$957K$773K50xas long as short
Bitget ORDIUSDT+0.0100%4h4.77400.000%$2.7M$3.4M50xas long as short
BingX ORDI-USDT+0.0100%4h4.7760+0.042%$36.5Mas long as short
Variational Omni ORDI+0.0100%4h4.7714−0.055%$25K$33Kas long as short
SunX ORDI-USDTshort+0.0100%4h4.7710−0.063%$2K$1.1M20x
HTX ORDI-USDT+0.0100%4h4.7720−0.042%$82K$353K75xas long as short
Extended ORDI-USD+0.0104%1h4.7745+0.011%$2K$224K5xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0238% / S −0.3359%1h4.7766+0.055%$8K100xas long as short