Funding arb · Price arb /

ORDI

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Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Variational Omni against dYdX−0.195%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.195% cheaper against dYdX than usual: you would sell low and buy high (spread −0.195% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 6.5 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ORDI-USD	4.8751	0	get 0.0000% / 1h	52m 26s	$33K	$577	5x
Short	Variational Omni ORDI	4.8656	0.0100	get 0.0050% / 4h	52m 26s	$26K	$33K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Position, each leg$Hold fordaysFee dYdXbpFee Variational OmnibpOrdersPrice spread, now −0.195%Rate

Funding earned: $21
Price spread: −0.195% → 0.000%: −$19.54
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$8.54
Costs to cover: 0.100%
Break-even: 9.8 days

Slippage unknown: dYdX: no order-book sample; Variational Omni: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy dYdX no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

dYdX and Variational Omni: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ORDIUSD	−0.0305%	1h	4.8694	−0.117%	$69K	$43K	25x	as long as short
Gate ORDI_USDT	−0.0088%	4h	4.8720	−0.064%	$1.2M	$2.7M	50x	as long as short
dYdX ORDI-USDlong	0.0000%	1h	4.8751	long leg	$33K	$577	5x
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−6.566%	$776	$20K	5.5x	as long as short
Hyperliquid ORDI	+0.0100%	1h	4.8840	+0.182%	$706K	$665K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.8771	+0.040%	$4K	$420K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.8771	+0.041%	$10.0M	$34.1M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.8720	−0.064%	$4.1M	$4.6M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.8750	−0.003%	$5.2M	$17.8M	20x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	4.8750	−0.003%	$6.6M	$3.2M	200x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ORDIUSDTM	+0.0100%	4h	4.8749	−0.005%	$983K	$791K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.8750	−0.003%	$2.8M	$3.5M	50x	as long as short
BingX ORDI-USDT	+0.0100%	4h	4.8760	+0.018%	—	$26.9M	—	as long as short
Variational Omni ORDIshort	+0.0100%	4h	4.8656	−0.195%	$26K	$33K	—
SunX ORDI-USDT	+0.0100%	4h	4.8740	−0.023%	$1K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.8690	−0.126%	$85K	$385K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.8743	−0.016%	$5K	$178K	5x	as long as short
BloFin ORDI-USDT	+0.0141%	4h	4.8770	+0.038%	$595K	$303K	75x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0239% / S −0.3359%	1h	4.8727	−0.049%	$8K	—	100x	as long as short