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

ORDI

all ORDI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0044%/8h= +4.9% APRpaid last 24h +0.014%
Price spread now: BloFin against Extended−0.066%7-day average +0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$690.689% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.039%+$4 on $10k
Price spread, last 3 days (all we have)+0.120%+$12 · spread now −0.066%, 7d avg +0.055%
Together, before fees+0.159%+ Points / potential airdropExtended: Active · farm board+$16 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.121% cheaper against Extended than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of +0.055%). If the spread goes back, that is −$12 on $10k: about 9.1 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.039% in total) that is about 22 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ORDI-USD4.90830.0104pay 0.0013% / 1h30m 56s$5K$172K5x
ShortBloFin ORDI-USDT4.90500.0148get 0.0074% / 4h3h 30m$616K$287K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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
$9.3
Price spread: −0.066% → +0.055%
−$12.09
Slippage, 4 orders
−$51.9
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$71.69
Costs to cover
0.689%
Break-even
60.9 days
Slippage from Extended: live order book, 15 min ago; BloFin: live order book, 16 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 Extended live order book, 15 min ago2.77 bp16.6 bp −$17140.1 bp −$1,401doesn't fitdoesn't fit
Sell BloFin live order book, 16 min ago5.13 bp19.2 bp −$1941.8 bp −$418doesn'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%1h4.9054−0.058%$34K$6515xas long as short
Gate ORDI_USDT+0.0028%4h4.9030−0.107%$1.3M$2.7M50xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−7.197%$776$20K5.5xas long as short
Aster ORDIUSDT+0.0100%4h4.9079−0.008%$5K$416K5xas long as short
Binance ORDIUSDT+0.0100%4h4.9100+0.035%$10.1M$30.2M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.9020−0.127%$4.1M$4.0M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.9030−0.107%$5.4M$16.1M20xas long as short
MEXC ORDI_USDT+0.0100%4h4.9080−0.005%$7.1M$3.2M200xas long as short
KuCoin ORDIUSDTM+0.0100%4h4.9040−0.087%$914K$821K50xas long as short
Bitget ORDIUSDT+0.0100%4h4.9080−0.005%$2.9M$2.9M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ORDI-USDT+0.0100%4h4.9040−0.087%$24.5Mas long as short
Variational Omni ORDI+0.0100%4h4.8906−0.360%$24K$56Kas long as short
SunX ORDI-USDT+0.0100%4h4.9000−0.168%$2K$1.2M20xas long as short
HTX ORDI-USDT+0.0100%4h4.9040−0.087%$85K$352K75xas long as short
Extended ORDI-USDlong+0.0104%1h4.9083long leg$5K$172K5x
BloFin ORDI-USDTshort+0.0148%4h4.9050−0.066%$616K$287K75x
Hyperliquid ORDI+0.0235%1h4.9145+0.127%$911K$534K3xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0239% / S −0.3359%1h4.9077−0.011%$8K100xas long as short
Kraken Futures PF_ORDIUSD+0.0568%1h4.9200+0.239%$66K$42K25xas long as short