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

ORDI

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Aster against OKX+0.056%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$580.585% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)−0.015%−$1 on $10k
Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.056%, 7d avg +0.022%
Together, before fees−0.039%+ Points / potential airdropAster: Stage 5 · farm board−$4 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: Aster is 0.034% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ORDI-USDT-SWAP4.89300.0100pay 0.0050% / 4h1h 13m$5.2M$18.0M20x
ShortAster ORDIUSDT4.89570.0100get 0.0050% / 4h1h 13m$4K$423K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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: +0.056% → +0.022%
$3.41
Slippage, 4 orders
−$40.48
Fee OKX: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$55.06
Costs to cover
0.585%
Break-even
never at this rate
Slippage from OKX: live order book, 5 min ago; Aster: live order book, 29 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 OKX live order book, 5 min ago1.02 bp14.5 bp −$1442.2 bp −$422doesn't fitdoesn't fit
Sell Aster live order book, 29 min ago6.11 bp17.7 bp −$18doesn'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
Kraken Futures PF_ORDIUSD−0.0543%1h4.8886−0.090%$70K$44K25xas long as short
Gate ORDI_USDT−0.0082%4h4.8920−0.020%$1.2M$2.7M50xas long as short
dYdX ORDI-USD0.0000%1h4.8945+0.031%$34K$5775xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−6.908%$776$20K5.5xas long as short
Hyperliquid ORDI+0.0100%1h4.9021+0.186%$707K$667K3xas long as short
Aster ORDIUSDTshort+0.0100%4h4.8957+0.056%$4K$423K5x
Binance ORDIUSDT+0.0100%4h4.8972+0.086%$10.0M$34.4M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.89300.000%$4.1M$4.6M50xas long as short
OKX ORDI-USDT-SWAPlong+0.0100%4h4.8930long leg$5.2M$18.0M20x
MEXC ORDI_USDT+0.0100%4h4.8960+0.061%$6.6M$3.3M200xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ORDIUSDTM+0.0100%4h4.8938+0.016%$993K$814K50xas long as short
Bitget ORDIUSDT+0.0100%4h4.8940+0.020%$2.8M$3.6M50xas long as short
BingX ORDI-USDT+0.0100%4h4.8940+0.020%$26.9Mas long as short
Variational Omni ORDI+0.0100%4h4.8926−0.007%$26K$42Kas long as short
SunX ORDI-USDT+0.0100%4h4.8880−0.102%$1K$1.2M20xas long as short
HTX ORDI-USDT+0.0100%4h4.8880−0.102%$85K$420K75xas long as short
Extended ORDI-USD+0.0104%1h4.8936+0.012%$3K$154K5xas long as short
BloFin ORDI-USDT+0.0113%4h4.8960+0.061%$595K$312K75xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0239% / S −0.3359%1h4.8915−0.031%$8K100xas long as short