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: SunX against Bybit−0.144%56s7-day average −0.118% · you buy dearer than you sell
Net, funding: paid 7d − costs−$164as 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−$1751.754% of the position
Funding, last 7 days+0.110%+$11 on $10k
+Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.144%, 7d avg −0.118%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.026% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.118%. The two prices were read 56 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 | Bybit ORDIUSDT | 4.8480 | 0.0100 | pay 0.0050% / 4h | 1h 03m | $4.2M | $4.6M | 50x |
| Short | SunX ORDI-USDT | 4.8410 | 0.0100 | get 0.0050% / 4h | 1h 03m | $1K | $1.2M | 20x |
Bybit ORDIUSDT
SunX ORDI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Bybit. 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
- $0
- Price spread: −0.144% → −0.118%
- −$2.64
- Slippage, 4 orders
- −$156.41
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$178.04
- Costs to cover
- 1.754%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; SunX: live order book, 10 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 Bybit live order book, 4 min ago | 2.06 bp | 20.1 bp −$20 | 75.4 bp −$754 | doesn't fit | doesn't fit |
| Sell SunX live order book, 10 min ago | 30.71 bp | 49.6 bp −$50 | doesn't fit | 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 | −0.0353% | 1h | 4.8452 | −0.058% | $71K | $45K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8438 | −0.086% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.044% | $776 | $20K | 5.5x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8440 | −0.082% | $14K | $429K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8504 | +0.050% | $9.9M | $33.7M | 50x | as long as short |
| Bybit ORDIUSDTlong | +0.0100% | 4h | 4.8480 | long leg | $4.2M | $4.6M | 50x | |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8490 | +0.021% | $5.2M | $17.4M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8480 | 0.000% | $1.3M | $2.8M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8500 | +0.041% | $6.8M | $3.4M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8437 | −0.089% | $968K | $880K | 50x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
Aster ORDIUSDT
Binance ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
MEXC ORDI_USDT
KuCoin ORDIUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8470 | −0.021% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8420 | −0.124% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8436 | −0.092% | $24K | $55K | — | as long as short |
| SunX ORDI-USDTshort | +0.0100% | 4h | 4.8410 | −0.144% | $1K | $1.2M | 20x | |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8510 | +0.062% | $80K | $395K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8426 | −0.111% | $5K | $190K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0125% | 4h | 4.8550 | +0.144% | $604K | $303K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8478 | −0.004% | $8K | — | 100x | as long as short |
| Hyperliquid ORDI | +0.0290% | 1h | 4.8591 | +0.229% | $699K | $662K | 3x | as long as short |
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]
Hyperliquid ORDI