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 SunX+0.036%56s7-day average +0.175% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1641.641% 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)−0.007%−$1 · spread now +0.036%, 7d avg +0.175%
Together, before fees−0.022%+ Points / potential airdropAster: Stage 5 · farm board−$2 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 0.139% cheaper against SunX than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.175%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ORDI-USDT4.84200.0100pay 0.0050% / 4h2h 29m$1K$1.2M20x
ShortAster ORDIUSDT4.84370.0100get 0.0050% / 4h2h 29m$7K$428K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against SunX. 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: +0.036% → +0.175%
−$13.94
Slippage, 4 orders
−$148.08
Fee SunX: 4 bp × 2 orders
−$8
Fee Aster: 4 bp × 2 orders
−$8
Net
−$178.02
Costs to cover
1.641%
Break-even
never at this rate
Slippage from SunX: live order book, 4 min ago; Aster: live order book, 18 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 SunX live order book, 4 min ago31.09 bp81.9 bp −$82doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 18 min ago5.13 bp18.0 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−0.0720%1h4.8446+0.053%$69K$47K25xas long as short
Gate ORDI_USDT−0.0152%4h4.8400−0.041%$1.2M$2.8M50xas long as short
dYdX ORDI-USD0.0000%1h4.8425+0.011%$33K$5775xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−5.927%$776$20K5.5xas long as short
Hyperliquid ORDI+0.0100%1h4.8503+0.171%$700K$666K3xas long as short
Aster ORDIUSDTshort+0.0100%4h4.8437+0.036%$7K$428K5x
Binance ORDIUSDT+0.0100%4h4.8437+0.036%$9.9M$34.1M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.8400−0.041%$4.1M$4.7M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.8370−0.103%$5.2M$17.7M20xas long as short
MEXC ORDI_USDT+0.0100%4h4.8450+0.062%$6.4M$3.3M200xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ORDIUSDTM+0.0100%4h4.8436+0.033%$960K$824K50xas long as short
Bitget ORDIUSDT+0.0100%4h4.8430+0.021%$2.8M$3.5M50xas long as short
BingX ORDI-USDC+0.0100%4h4.8410−0.021%$2.3Mas long as short
Variational Omni ORDI+0.0100%4h4.8268−0.315%$24K$42Kas long as short
SunX ORDI-USDTlong+0.0100%4h4.8420long leg$1K$1.2M20x
HTX ORDI-USDT+0.0100%4h4.8440+0.041%$85K$434K75xas long as short
Extended ORDI-USD+0.0104%1h4.8406−0.028%$2K$180K5xas long as short
BloFin ORDI-USDT+0.0115%4h4.8360−0.124%$594K$305K75xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0239% / S −0.3359%1h4.8414−0.012%$8K100xas long as short