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

ORDI

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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 +0.010%
Price spread now: SunX against Gate−0.162%7-day average −0.122% · you buy dearer than you sell
Net, funding: paid 7d − costs−$169as in the Funding arb table
Net, price: spread back to 7d avg − costs−$180as in the Price arb table
costs, in and out, $10k−$1761.758% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.067%+$7 on $10k
Price spread, last 3 days (all we have)+0.065%+$6 · spread now −0.162%, 7d avg −0.122%
Together, before fees+0.132%+$13 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 0.040% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.122%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ORDI_USDT4.94100.0100pay 0.0050% / 4h3h 02m$1.3M$2.7M50x
ShortSunX ORDI-USDT4.93300.0100get 0.0050% / 4h3h 02m$2K$1.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Gate. 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: −0.162% → −0.122%
−$3.99
Slippage, 4 orders
−$152.8
Fee Gate: 7.5 bp × 2 orders
−$15
Fee SunX: 4 bp × 2 orders
−$8
Net
−$179.79
Costs to cover
1.758%
Break-even
never at this rate
Slippage from Gate: live order book, 5 min ago; SunX: 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 Gate live order book, 5 min ago2.01 bp19.2 bp −$19140.0 bp −$1,400doesn't fitdoesn't fit
Sell SunX live order book, 1 min ago31.28 bp49.9 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%1h4.9585+0.354%$34K$6515xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−7.812%$776$20K5.5xas long as short
Hyperliquid ORDI+0.0100%1h4.9493+0.168%$716K$649K3xas long as short
Aster ORDIUSDT+0.0100%4h4.9483+0.148%$3K$408K5xas long as short
Binance ORDIUSDT+0.0100%4h4.94100.000%$10.2M$32.1M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.9380−0.061%$4.2M$4.4M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.9370−0.081%$5.4M$17.0M20xas long as short
Gate ORDI_USDTlong+0.0100%4h4.9410long leg$1.3M$2.7M50x
MEXC ORDI_USDT+0.0100%4h4.94100.000%$7.2M$3.4M200xas long as short
KuCoin ORDIUSDTM+0.0100%4h4.9431+0.043%$939K$827K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ORDIUSDT+0.0100%4h4.9400−0.020%$2.9M$3.1M50xas long as short
BingX ORDI-USDT+0.0100%4h4.9420+0.020%$27.3Mas long as short
Variational Omni ORDI+0.0100%4h4.9621+0.427%$24K$56Kas long as short
SunX ORDI-USDTshort+0.0100%4h4.9330−0.162%$2K$1.2M20x
HTX ORDI-USDT+0.0100%4h4.9370−0.081%$90K$351K75xas long as short
BloFin ORDI-USDT+0.0103%4h4.9550+0.283%$615K$315K75xas long as short
Extended ORDI-USD+0.0104%1h4.9398−0.024%$4K$192K5xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0240% / S −0.3359%1h4.9405−0.010%$8K100xas long as short
Kraken Futures PF_ORDIUSD+0.2933%1h4.9514+0.210%$66K$40K25xas long as short