Funding you earn now, next payment 12:00 UTC−0.0038%/8h= −4.1% APRnext payment −$0.19 per $10,000 · paid last 24h +0.018%
Price spread now: BloFin against SunX+0.020%55s7-day average +0.187% · you sell dearer than you buy
Net, funding: paid 7d − costs−$155as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1541.536% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)+0.115%+$11 · spread now +0.020%, 7d avg +0.187%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.166% cheaper against SunX than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.187%). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX ORDI-USDT | 4.8840 | 0.0100 | pay 0.0050% / 4h | 3h 03m | $2K | $1.1M | 20x |
| Short | BloFin ORDI-USDT | 4.8850 | 0.0062 | get 0.0031% / 4h | 3h 03m | $587K | $296K | 75x |
SunX ORDI-USDT
BloFin ORDI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against SunX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$7.92
- Price spread: +0.020% → +0.187%
- −$16.65
- Slippage, 4 orders
- −$133.63
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$178.19
- Costs to cover
- 1.536%
- Break-even
- never at this rate
Slippage from SunX: live order book, 9 min ago; BloFin: live order book, 8 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 SunX live order book, 9 min ago | 30.74 bp | 81.3 bp −$81 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 8 min ago | 1.02 bp | 14.4 bp −$14 | 26.7 bp −$267 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ORDIUSD | −0.0448% | 1h | 4.8875 | +0.072% | $69K | $43K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8857 | +0.035% | $34K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.736% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDTshort | +0.0062% | 4h | 4.8850 | +0.020% | $587K | $296K | 75x | |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8960 | +0.246% | $708K | $639K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8894 | +0.111% | $10K | $344K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8880 | +0.082% | $9.9M | $33.3M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8820 | −0.041% | $4.1M | $4.3M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8830 | −0.020% | $5.2M | $17.7M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8840 | 0.000% | $1.2M | $2.7M | 50x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8890 | +0.102% | $6.8M | $3.2M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8876 | +0.074% | $1.0M | $782K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8860 | +0.041% | $2.8M | $3.6M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.8860 | +0.041% | — | $26.9M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8822 | −0.037% | $25K | $33K | — | as long as short |
| SunX ORDI-USDTlong | +0.0100% | 4h | 4.8840 | long leg | $2K | $1.1M | 20x | |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8870 | +0.061% | $85K | $349K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8867 | +0.055% | $2K | $223K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8862 | +0.044% | $8K | — | 100x | as long as short |
MEXC ORDI_USDT
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]