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

ORDI

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Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: dYdX against Aster−0.131%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.131% cheaper against Aster than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ORDIUSDT4.89420.0100pay 0.0050% / 4h1h 04m$4K$416K5x
ShortdYdX ORDI-USD4.88780get 0.0000% / 1h4m 22s$34K$6515x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against Aster. 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
−$21
Price spread: −0.131% → 0.000%
−$13.08
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$52.08
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Aster: live order book, 13 min ago; dYdX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 13 min ago6.17 bp18.7 bp −$19doesn't fitdoesn't fitdoesn't fit
Sell dYdX no order-book sample
dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-USDshort0.0000%1h4.8878−0.131%$34K$6515x
Injective ORDI/USDC PERP+0.0033%1h4.5550−6.931%$776$20K5.5xas long as short
BloFin ORDI-USDT+0.0088%4h4.8870−0.147%$604K$309K75xas long as short
Hyperliquid ORDI+0.0100%1h4.9006+0.130%$712K$649K3xas long as short
Aster ORDIUSDTlong+0.0100%4h4.8942long leg$4K$416K5x
Binance ORDIUSDT+0.0100%4h4.8940−0.003%$10.0M$31.0M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.8910−0.066%$4.1M$4.2M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.8900−0.086%$5.3M$16.4M20xas long as short
Gate ORDI_USDT+0.0100%4h4.8910−0.066%$1.3M$2.8M50xas long as short
MEXC ORDI_USDT+0.0100%4h4.8940−0.004%$7.0M$3.3M200xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ORDIUSDTM+0.0100%4h4.8932−0.021%$937K$829K50xas long as short
Bitget ORDIUSDT+0.0100%4h4.8920−0.045%$2.9M$3.0M50xas long as short
BingX ORDI-USDC+0.0100%4h4.8800−0.290%$2.3Mas long as short
Variational Omni ORDI+0.0100%4h4.8748−0.396%$24K$56Kas long as short
SunX ORDI-USDT+0.0100%4h4.8790−0.311%$2K$1.2M20xas long as short
HTX ORDI-USDT+0.0100%4h4.8800−0.290%$89K$357K75xas long as short
Extended ORDI-USD+0.0104%1h4.8940−0.005%$5K$172K5xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0239% / S −0.3359%1h4.8932−0.021%$8K100xas long as short
Kraken Futures PF_ORDIUSD+0.2942%1h4.8963+0.043%$66K$42K25xas long as short