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

ORDI

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Aster−0.058%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$610.606% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.015%+$1 on $10k
Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.058%, 7d avg −0.022%
Together, before fees+0.038%+ 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: OKX is 0.036% cheaper against Aster than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ORDIUSDT4.85580.0100pay 0.0050% / 4h1h 49m$5K$415K5x
ShortOKX ORDI-USDT-SWAP4.85300.0100get 0.0050% / 4h1h 49m$5.3M$16.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: −0.058% → −0.022%
−$3.61
Slippage, 4 orders
−$42.62
Fee Aster: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
−$64.23
Costs to cover
0.606%
Break-even
never at this rate
Slippage from Aster: live order book, 33 min ago; OKX: live order book, 4 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, 33 min ago5.13 bp15.8 bp −$16doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 4 min ago1.03 bp14.1 bp −$1446.6 bp −$466doesn'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%1h4.8541−0.035%$33K$6515xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−6.195%$776$20K5.5xas long as short
Hyperliquid ORDI+0.0100%1h4.8608+0.103%$706K$645K3xas long as short
Aster ORDIUSDTlong+0.0100%4h4.8558long leg$5K$415K5x
Binance ORDIUSDT+0.0100%4h4.8550−0.017%$9.9M$30.8M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.8510−0.099%$4.1M$4.2M50xas long as short
OKX ORDI-USDT-SWAPshort+0.0100%4h4.8530−0.058%$5.3M$16.2M20x
Gate ORDI_USDT+0.0100%4h4.8530−0.058%$1.2M$2.7M50xas long as short
MEXC ORDI_USDT+0.0100%4h4.8540−0.037%$7.0M$3.2M200xas long as short
KuCoin ORDIUSDTM+0.0100%4h4.8545−0.027%$928K$823K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ORDIUSDT+0.0100%4h4.8520−0.078%$2.9M$3.0M50xas long as short
BingX ORDI-USDC+0.0100%4h4.8510−0.099%$2.3Mas long as short
Variational Omni ORDI+0.0100%4h4.8536−0.046%$24K$56Kas long as short
SunX ORDI-USDT+0.0100%4h4.8420−0.284%$1K$1.2M20xas long as short
HTX ORDI-USDT+0.0100%4h4.8490−0.140%$88K$363K75xas long as short
Extended ORDI-USD+0.0104%1h4.8512−0.095%$5K$172K5xas long as short
BloFin ORDI-USDT+0.0130%4h4.8540−0.037%$601K$299K75xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0238% / S −0.3359%1h4.8520−0.077%$8K100xas long as short
Kraken Futures PF_ORDIUSD+0.2962%1h4.8626+0.141%$66K$42K25xas long as short