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

ORDI

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against SunX+0.104%7-day average +0.138% · you sell dearer than you buy
Net, funding: paid 7d − costs−$166as in the Funding arb table
Net, price: spread back to 7d avg − costs−$164as in the Price arb table
costs, in and out, $10k−$1611.607% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.050%−$5 on $10k
Price spread, last 3 days (all we have)−0.038%−$4 · spread now +0.104%, 7d avg +0.138%
Together, before fees−0.087%+ Points / potential airdropExtended: Active · farm board−$9 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: Extended is 0.034% cheaper against SunX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.138%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ORDI-USDT4.87400.0100pay 0.0050% / 4h2m 02s$1K$1.2M20x
ShortExtended ORDI-USD4.87900.0104get 0.0013% / 1h2m 02s$5K$172K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against SunX. 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
$0.84
Price spread: +0.104% → +0.138%
−$3.45
Slippage, 4 orders
−$147.69
Fee SunX: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$163.3
Costs to cover
1.607%
Break-even
1367.8 days
Slippage from SunX: live order book, 1 min ago; Extended: live order book, 9 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 SunX live order book, 1 min ago30.79 bp79.4 bp −$79doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 9 min ago2.06 bp15.5 bp −$15115.8 bp −$1,158doesn'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%1h4.8724−0.033%$33K$6515xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−6.545%$776$20K5.5xas long as short
BloFin ORDI-USDT+0.0088%4h4.8780+0.082%$601K$309K75xas long as short
Hyperliquid ORDI+0.0100%1h4.8933+0.396%$710K$653K3xas long as short
Aster ORDIUSDT+0.0100%4h4.8782+0.086%$5K$420K5xas long as short
Binance ORDIUSDT+0.0100%4h4.8857+0.240%$10.0M$31.5M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.8820+0.164%$4.1M$4.3M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.8840+0.205%$5.3M$16.6M20xas long as short
Gate ORDI_USDT+0.0100%4h4.8790+0.103%$1.3M$2.8M50xas long as short
MEXC ORDI_USDT+0.0100%4h4.8870+0.267%$7.0M$3.3M200xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ORDIUSDTM+0.0100%4h4.8760+0.041%$942K$812K50xas long as short
Bitget ORDIUSDT+0.0100%4h4.8870+0.267%$2.9M$3.0M50xas long as short
BingX ORDI-USDT+0.0100%4h4.8810+0.144%$24.3Mas long as short
Variational Omni ORDI+0.0100%4h4.8528−0.434%$24K$56Kas long as short
SunX ORDI-USDTlong+0.0100%4h4.8740long leg$1K$1.2M20x
HTX ORDI-USDT+0.0100%4h4.8770+0.062%$89K$355K75xas long as short
Extended ORDI-USDshort+0.0104%1h4.8790+0.104%$5K$172K5x
GMX ORDI/USD [WBTC.b-USDC]L +0.0239% / S −0.3359%1h4.8789+0.101%$8K100xas long as short
Kraken Futures PF_ORDIUSD+0.3029%1h4.8912+0.352%$66K$43K25xas long as short