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

ORDI

all ORDI markets
SwapBacktest
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: OKX against Aster−0.131%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$640.642% 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)+0.073%+$7 · spread now −0.131%, 7d avg −0.023%
Together, before fees+0.088%+ Points / potential airdropAster: Stage 5 · 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: OKX is 0.108% cheaper against Aster than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.023%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ORDIUSDT4.88040.0100pay 0.0050% / 4h3h 52m$5K$420K5x
ShortOKX ORDI-USDT-SWAP4.87400.0100get 0.0050% / 4h3h 52m$5.3M$16.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Aster. 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: −0.131% → −0.023%
−$10.82
Slippage, 4 orders
−$46.19
Fee Aster: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
−$75.02
Costs to cover
0.642%
Break-even
never at this rate
Slippage from Aster: live order book, 20 min ago; OKX: live order book, 1 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 Aster live order book, 20 min ago5.14 bp14.8 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 1 min ago1.02 bp13.4 bp −$1339.6 bp −$396doesn'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%1h4.8753−0.105%$33K$6515xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−6.668%$776$20K5.5xas long as short
Hyperliquid ORDI+0.0100%1h4.8897+0.191%$709K$654K3xas long as short
Aster ORDIUSDTlong+0.0100%4h4.8804long leg$5K$420K5x
Binance ORDIUSDT+0.0100%4h4.8771−0.067%$10.0M$31.5M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.8710−0.193%$4.1M$4.3M50xas long as short
OKX ORDI-USDT-SWAPshort+0.0100%4h4.8740−0.131%$5.3M$16.6M20x
Gate ORDI_USDT+0.0100%4h4.8780−0.049%$1.3M$2.6M50xas long as short
MEXC ORDI_USDT+0.0100%4h4.8820+0.033%$7.1M$3.3M200xas long as short
KuCoin ORDIUSDTM+0.0100%4h4.8794−0.021%$941K$812K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ORDIUSDT+0.0100%4h4.8780−0.049%$2.9M$3.0M50xas long as short
BingX ORDI-USDT+0.0100%4h4.8800−0.008%$24.3Mas long as short
Variational Omni ORDI+0.0100%4h4.8848+0.091%$24K$56Kas long as short
SunX ORDI-USDT+0.0100%4h4.8730−0.152%$1K$1.2M20xas long as short
HTX ORDI-USDT+0.0100%4h4.8760−0.090%$89K$355K75xas long as short
Extended ORDI-USD+0.0104%1h4.8785−0.038%$4K$174K5xas long as short
BloFin ORDI-USDT+0.0134%4h4.8770−0.070%$601K$309K75xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0239% / S −0.3359%1h4.8828+0.048%$8K100xas long as short
Kraken Futures PF_ORDIUSD+0.2972%1h4.8855+0.104%$66K$43K25xas long as short