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: HTX against Aster+0.012%7-day average −0.071% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$1011.009% 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)−0.033%−$3 · spread now +0.012%, 7d avg −0.071%
Together, before fees−0.018%+ 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: HTX is 0.083% dearer against Aster than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.071%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ORDIUSDT4.90440.0100pay 0.0050% / 4h1h 17m$4K$423K5x
ShortHTX ORDI-USDT4.90500.0100get 0.0050% / 4h1h 17m$85K$430K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
$0
Price spread: +0.012% → −0.071%
$8.34
Slippage, 4 orders
−$80.86
Fee Aster: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$92.51
Costs to cover
1.009%
Break-even
never at this rate
Slippage from Aster: live order book, 25 min ago; HTX: live order book, 26 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 Aster live order book, 25 min ago6.11 bp15.3 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 26 min ago16.31 bp42.9 bp −$43doesn'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−0.0541%1h4.9026−0.037%$70K$44K25xas long as short
Gate ORDI_USDT−0.0076%4h4.9040−0.008%$1.2M$2.7M50xas long as short
dYdX ORDI-USD0.0000%1h4.8992−0.106%$34K$5775xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−7.124%$776$20K5.5xas long as short
Hyperliquid ORDI+0.0100%1h4.9142+0.200%$709K$667K3xas long as short
Aster ORDIUSDTlong+0.0100%4h4.9044long leg$4K$423K5x
Binance ORDIUSDT+0.0100%4h4.9042−0.003%$10.0M$34.5M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.8980−0.130%$4.1M$4.7M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.8970−0.151%$5.2M$18.0M20xas long as short
MEXC ORDI_USDT+0.0100%4h4.9070+0.053%$6.6M$3.3M200xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ORDIUSDTM+0.0100%4h4.90440.000%$996K$820K50xas long as short
Bitget ORDIUSDT+0.0100%4h4.9050+0.012%$2.8M$3.6M50xas long as short
BingX ORDI-USDT+0.0100%4h4.9050+0.012%$26.9Mas long as short
Variational Omni ORDI+0.0100%4h4.8936−0.219%$26K$42Kas long as short
SunX ORDI-USDT+0.0100%4h4.9010−0.069%$1K$1.2M20xas long as short
HTX ORDI-USDTshort+0.0100%4h4.9050+0.012%$85K$430K75x
Extended ORDI-USD+0.0104%1h4.9070+0.053%$3K$159K5xas long as short
BloFin ORDI-USDT+0.0110%4h4.9040−0.008%$596K$313K75xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0240% / S −0.3359%1h4.9045+0.001%$8K100xas long as short