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

ORDI

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Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%
Price spread now: KuCoin against dYdX+0.033%7-day average · you sell dearer than you buy
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 feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.033% dearer against dYdX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ORDI-USD4.93120get 0.0000% / 1h23m 58s$34K$6515x
ShortKuCoin ORDIUSDTM4.93280.0100get 0.0050% / 4h3h 23m$949K$809K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against dYdX. 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: +0.033% → 0.000%
$3.32
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$2.32
Costs to cover
0.220%
Break-even
6.2 days
Slippage unknown: dYdX: no order-book sample; KuCoin: live order book, 40 min ago. 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 dYdX no order-book sample
Sell KuCoin live order book, 40 min ago6.05 bp23.4 bp −$23567.9 bp −$5,679doesn't fitdoesn't fit
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-USDlong0.0000%1h4.9312long leg$34K$6515x
Injective ORDI/USDC PERP+0.0033%1h4.5550−7.628%$776$20K5.5xas long as short
BloFin ORDI-USDT+0.0042%4h4.9300−0.024%$604K$316K75xas long as short
Hyperliquid ORDI+0.0100%1h4.9356+0.090%$715K$648K3xas long as short
Aster ORDIUSDT+0.0100%4h4.9316+0.009%$5K$421K5xas long as short
Binance ORDIUSDT+0.0100%4h4.9277−0.070%$10.1M$31.6M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.9260−0.105%$4.2M$4.2M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.9240−0.145%$5.4M$16.7M20xas long as short
Gate ORDI_USDT+0.0100%4h4.9280−0.064%$1.3M$2.6M50xas long as short
MEXC ORDI_USDT+0.0100%4h4.9290−0.044%$7.2M$3.4M200xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ORDIUSDTMshort+0.0100%4h4.9328+0.033%$949K$809K50x
Bitget ORDIUSDT+0.0100%4h4.9270−0.084%$2.9M$3.1M50xas long as short
BingX ORDI-USDC+0.0100%4h4.9300−0.024%$2.3Mas long as short
Variational Omni ORDI+0.0100%4h4.9302−0.020%$24K$56Kas long as short
SunX ORDI-USDT+0.0100%4h4.9270−0.084%$1K$1.2M20xas long as short
HTX ORDI-USDT+0.0100%4h4.9290−0.044%$90K$348K75xas long as short
Extended ORDI-USD+0.0104%1h4.9264−0.097%$4K$217K5xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0239% / S −0.3359%1h4.9304−0.015%$8K100xas long as short
Kraken Futures PF_ORDIUSD+0.2937%1h4.9443+0.267%$66K$39K25xas long as short