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

ORDI

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against Bitget−0.041%7-day average −0.158% · you buy dearer than you sell
Net, funding: paid 7d − costs−$161as in the Funding arb table
Net, price: spread back to 7d avg − costs−$150as in the Price arb table
costs, in and out, $10k−$1611.614% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 3 days (all we have)−0.078%−$8 · spread now −0.041%, 7d avg −0.158%
Together, before fees−0.078%−$8 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 0.117% dearer against Bitget than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.158%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ORDIUSDT4.85200.0100pay 0.0050% / 4h1h 47m$2.9M$3.0M50x
ShortSunX ORDI-USDT4.85000.0100get 0.0050% / 4h1h 47m$1K$1.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Bitget. 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: −0.041% → −0.158%
$11.72
Slippage, 4 orders
−$141.44
Fee Bitget: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$149.73
Costs to cover
1.614%
Break-even
never at this rate
Slippage from Bitget: live order book, 5 min ago; SunX: live order book, 6 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 Bitget live order book, 5 min ago2.06 bp16.9 bp −$1735.9 bp −$359doesn't fitdoesn't fit
Sell SunX live order book, 6 min ago30.92 bp50.0 bp −$50doesn'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
dYdX ORDI-USD0.0000%1h4.8541+0.044%$33K$6515xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−6.121%$776$20K5.5xas long as short
Hyperliquid ORDI+0.0100%1h4.8585+0.134%$706K$645K3xas long as short
Aster ORDIUSDT+0.0100%4h4.8545+0.052%$5K$415K5xas long as short
Binance ORDIUSDT+0.0100%4h4.8542+0.046%$9.9M$30.8M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.8490−0.062%$4.1M$4.2M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.8530+0.021%$5.3M$16.2M20xas long as short
Gate ORDI_USDT+0.0100%4h4.8530+0.021%$1.2M$2.7M50xas long as short
MEXC ORDI_USDT+0.0100%4h4.8540+0.041%$7.0M$3.2M200xas long as short
KuCoin ORDIUSDTM+0.0100%4h4.8533+0.027%$928K$823K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ORDIUSDTlong+0.0100%4h4.8520long leg$2.9M$3.0M50x
BingX ORDI-USDT+0.0100%4h4.8540+0.041%$24.5Mas long as short
Variational Omni ORDI+0.0100%4h4.8536+0.033%$24K$56Kas long as short
SunX ORDI-USDTshort+0.0100%4h4.8500−0.041%$1K$1.2M20x
HTX ORDI-USDT+0.0100%4h4.8480−0.082%$88K$363K75xas long as short
Extended ORDI-USD+0.0104%1h4.8538+0.038%$5K$172K5xas long as short
BloFin ORDI-USDT+0.0130%4h4.8540+0.041%$601K$299K75xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0239% / S −0.3359%1h4.8560+0.083%$8K100xas long as short
Kraken Futures PF_ORDIUSD+0.2958%1h4.8697+0.365%$66K$42K25xas long as short