Funding you earn now, next payment 08:00 UTC+0.0530%/8h= +58.0% APRnext payment +$2.65 per $10,000 · paid last 24h +0.010%
Price spread now: Aster against Gate+0.111%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$780.783% of the position
Funding, last 6 days (all we have)+0.003%$0 on $10k
+Price spread, last 4 days (all we have)−0.202%−$20 · spread now +0.111%, 7d avg +0.046%
=Together, before fees−0.200%+ Points / potential airdropAster: Stage 5 · farm board−$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Aster is 0.065% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.046%.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.003% in total (about 0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.65 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ORDI_USDT | 4.8860 | −0.0430 | get 0.0215% / 4h | 2h 53m | $1.3M | $2.7M | 50x |
| Short | Aster ORDIUSDT | 4.8914 | 0.0100 | get 0.0050% / 4h | 2h 53m | $7K | $427K | 5x |
Gate ORDI_USDT
Aster ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $111.3
- Price spread: +0.111% → +0.046%
- $6.5
- Slippage, 4 orders
- −$55.27
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $39.53
- Costs to cover
- 0.783%
- Break-even
- 4.5 days
Slippage from Gate: live order book, 5 min ago; Aster: live order book, 59 min ago.
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 Gate live order book, 5 min ago | 2.05 bp | 22.0 bp −$22 | 508.4 bp −$5,084 | doesn't fit | doesn't fit |
| Sell Aster live order book, 59 min ago | 6.01 bp | 16.6 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.0715% | 1h | 4.8780 | −0.163% | $69K | $47K | 25x | as long as short |
| Gate ORDI_USDTlong | −0.0430% | 4h | 4.8860 | long leg | $1.3M | $2.7M | 50x | |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8787 | −0.150% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.774% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8905 | +0.092% | $706K | $665K | 3x | as long as short |
| Aster ORDIUSDTshort | +0.0100% | 4h | 4.8914 | +0.111% | $7K | $427K | 5x | |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8900 | +0.081% | $9.9M | $33.9M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8820 | −0.082% | $4.1M | $4.7M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8860 | 0.000% | $5.2M | $17.7M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8900 | +0.082% | $6.6M | $3.3M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
MEXC ORDI_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8833 | −0.055% | $974K | $822K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8860 | 0.000% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8840 | −0.041% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8856 | −0.007% | $24K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8760 | −0.205% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8790 | −0.143% | $82K | $408K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8837 | −0.046% | $4K | $180K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0133% | 4h | 4.8860 | 0.000% | $602K | $307K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8819 | −0.084% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]