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

ORDI

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Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Aster against Binance−0.047%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$590.589% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)−0.012%−$1 on $10k
Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.047%, 7d avg −0.003%
Together, before fees+0.036%+ 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: Aster is 0.044% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ORDIUSDT4.83120.0100pay 0.0050% / 4h2h 17m$9.8M$32.7M50x
ShortAster ORDIUSDT4.82900.0100get 0.0050% / 4h2h 17m$10K$279K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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: −0.047% → −0.003%
−$4.45
Slippage, 4 orders
−$40.91
Fee Binance: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$63.36
Costs to cover
0.589%
Break-even
never at this rate
Slippage from Binance: live order book, 2 min ago; Aster: live order book, 32 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 Binance live order book, 2 min ago1.04 bp10.9 bp −$1127.0 bp −$270doesn't fitdoesn't fit
Sell Aster live order book, 32 min ago5.19 bp18.6 bp −$19doesn't fitdoesn't fitdoesn't fit

ORDI on 19 exchanges

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−0.0424%1h4.8250−0.130%$69K$43K25xas long as short
dYdX ORDI-USD0.0000%1h4.8265−0.098%$33K$5775xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−5.718%$776$20K5.5xas long as short
Hyperliquid ORDI+0.0100%1h4.8342+0.061%$697K$640K3xas long as short
Aster ORDIUSDTshort+0.0100%4h4.8290−0.047%$10K$279K5x
Binance ORDIUSDTlong+0.0100%4h4.8312long leg$9.8M$32.7M50x
Bybit ORDIUSDT+0.0100%4h4.8260−0.109%$4.1M$4.3M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.8270−0.088%$5.1M$17.5M20xas long as short
Gate ORDI_USDT+0.0100%4h4.8270−0.088%$1.2M$2.6M50xas long as short
MEXC ORDI_USDT+0.0100%4h4.8310−0.005%$6.8M$3.2M200xas long as short
Show all 19 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ORDIUSDTM+0.0100%4h4.8274−0.080%$1.0M$752K50xas long as short
Bitget ORDIUSDT+0.0100%4h4.8280−0.067%$2.8M$3.5M50xas long as short
BingX ORDI-USDT+0.0100%4h4.8280−0.067%$28.7Mas long as short
Variational Omni ORDI+0.0100%4h4.8275−0.077%$25K$33Kas long as short
SunX ORDI-USDT+0.0100%4h4.8260−0.109%$1K$1.1M20xas long as short
HTX ORDI-USDT+0.0100%4h4.8280−0.067%$84K$348K75xas long as short
Extended ORDI-USD+0.0104%1h4.8296−0.034%$7K$223K5xas long as short
BloFin ORDI-USDT+0.0105%4h4.8300−0.026%$582K$293K75xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0239% / S −0.3359%1h4.8264−0.100%$8K100xas long as short