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

ORDI

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Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%
Price spread now: SunX against Injective+7.311%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 7 days−0.086%−$9 on $10k
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 +$2 a day on $10k at the current rate, and SunX is 7.311% dearer against Injective than usual: you sell high and buy low: +$731 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.086%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ORDI/USDC PERP4.55500.0033pay 0.0004% / 1h18m 40s$776$20K5.5x
ShortSunX ORDI-USDT4.88800.0100get 0.0050% / 4h2h 18m$1K$1.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Injective. 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
$14
Price spread: +7.311% → 0.000%
$731.06
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee SunX: 4 bp × 2 orders
−$8
Net
$737.04
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; SunX: live order book, 5 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 Injective no order-book sample
Sell SunX live order book, 5 min ago30.61 bp49.5 bp −$49doesn't fitdoesn't fitdoesn't fit
Injective: 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 18 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%1h4.8923+7.406%$34K$6515xas long as short
Injective ORDI/USDC PERPlong+0.0033%1h4.5550long leg$776$20K5.5x
Hyperliquid ORDI+0.0100%1h4.9073+7.734%$709K$660K3xas long as short
Aster ORDIUSDT+0.0100%4h4.8961+7.488%$8K$426K5xas long as short
Binance ORDIUSDT+0.0100%4h4.9020+7.617%$10.1M$33.2M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.8970+7.508%$4.2M$4.6M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.8950+7.464%$5.3M$17.5M20xas long as short
Gate ORDI_USDT+0.0100%4h4.8940+7.442%$1.3M$2.7M50xas long as short
MEXC ORDI_USDT+0.0100%4h4.9010+7.596%$7.1M$3.5M200xas long as short
KuCoin ORDIUSDTM+0.0100%4h4.8947+7.458%$934K$877K50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ORDIUSDT+0.0100%4h4.8960+7.486%$2.9M$3.5M50xas long as short
BingX ORDI-USDC+0.0100%4h4.8960+7.486%$2.3Mas long as short
Variational Omni ORDI+0.0100%4h4.8946+7.455%$24K$56Kas long as short
SunX ORDI-USDTshort+0.0100%4h4.8880+7.311%$1K$1.2M20x
HTX ORDI-USDT+0.0100%4h4.8910+7.377%$79K$383K75xas long as short
Extended ORDI-USD+0.0104%1h4.8962+7.491%$3K$194K5xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0239% / S −0.3359%1h4.8858+7.263%$8K100xas long as short
Kraken Futures PF_ORDIUSD+0.3059%1h4.8887+7.325%$72K$47K25xas long as short