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

ORDI

all ORDI markets
SwapBacktest
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: SunX against Aster−0.227%46s7-day average −0.175% · you buy dearer than you sell
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−$1611.610% 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)+0.149%+$15 · spread now −0.227%, 7d avg −0.175%
Together, before fees+0.164%+ Points / potential airdropAster: Stage 5 · farm board+$16 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: SunX is 0.053% cheaper against Aster than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.175%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ORDIUSDT4.91320.0100pay 0.0050% / 4h1h 47m$3K$432K5x
ShortSunX ORDI-USDT4.90200.0100get 0.0050% / 4h1h 47m$1K$1.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: −0.227% → −0.175%
−$5.29
Slippage, 4 orders
−$145.02
Fee Aster: 4 bp × 2 orders
−$8
Fee SunX: 4 bp × 2 orders
−$8
Net
−$166.31
Costs to cover
1.610%
Break-even
never at this rate
Slippage from Aster: live order book, 60 min ago; SunX: live order book, 6 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, 60 min ago5.13 bp14.4 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell SunX live order book, 6 min ago30.67 bp49.6 bp −$50doesn'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%1h4.9055−0.157%$70K$47K25xas long as short
Gate ORDI_USDT−0.0044%4h4.9050−0.166%$1.3M$2.7M50xas long as short
dYdX ORDI-USD0.0000%1h4.9041−0.184%$34K$5775xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−7.290%$776$20K5.5xas long as short
BloFin ORDI-USDT+0.0073%4h4.9110−0.044%$603K$315K75xas long as short
Hyperliquid ORDI+0.0100%1h4.9184+0.106%$709K$667K3xas long as short
Aster ORDIUSDTlong+0.0100%4h4.9132long leg$3K$432K5x
Binance ORDIUSDT+0.0100%4h4.9102−0.061%$10.1M$34.7M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.9050−0.166%$4.1M$4.8M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.9060−0.146%$5.2M$18.3M20xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ORDI_USDT+0.0100%4h4.9120−0.024%$6.6M$3.3M200xas long as short
KuCoin ORDIUSDTM+0.0100%4h4.9076−0.113%$997K$829K50xas long as short
Bitget ORDIUSDT+0.0100%4h4.9090−0.085%$2.9M$3.5M50xas long as short
BingX ORDI-USDT+0.0100%4h4.9080−0.105%$26.9Mas long as short
Variational Omni ORDI+0.0100%4h4.8967−0.335%$29K$39Kas long as short
SunX ORDI-USDTshort+0.0100%4h4.9020−0.227%$1K$1.2M20x
HTX ORDI-USDT+0.0100%4h4.9070−0.126%$85K$438K75xas long as short
Extended ORDI-USD+0.0104%1h4.9086−0.094%$7K$184K5xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0240% / S −0.3359%1h4.9053−0.160%$8K100xas long as short