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

ORDI

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Aster against KuCoin−0.014%7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1121.124% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.011%−$1 on $10k
Price spread, last 4 days (all we have)−0.125%−$12 · spread now −0.014%, 7d avg +0.027%
Together, before fees−0.136%+ Points / potential airdropAster: Stage 5 · farm board−$14 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.041% cheaper against KuCoin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.027%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ORDIUSDTM4.88470.0100pay 0.0050% / 4h13m 18s$974K$865K50x
ShortAster ORDIUSDT4.88400.0100get 0.0050% / 4h13m 18s$14K$428K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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
$0
Price spread: −0.014% → +0.027%
−$4.13
Slippage, 4 orders
−$92.4
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$116.53
Costs to cover
1.124%
Break-even
never at this rate
Slippage from KuCoin: live order book, 36 min ago; Aster: live order book, 44 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 KuCoin live order book, 36 min ago9.84 bp43.1 bp −$431072.6 bp −$10.7Kdoesn't fitdoesn't fit
Sell Aster live order book, 44 min ago6.18 bp21.7 bp −$22doesn't fitdoesn'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
Kraken Futures PF_ORDIUSD−0.0371%1h4.8904+0.116%$72K$44K25xas long as short
dYdX ORDI-USD0.0000%1h4.8838−0.019%$33K$6515xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−6.750%$776$20K5.5xas long as short
BloFin ORDI-USDT+0.0056%4h4.8980+0.272%$602K$306K75xas long as short
Aster ORDIUSDTshort+0.0100%4h4.8840−0.014%$14K$428K5x
Binance ORDIUSDT+0.0100%4h4.8964+0.239%$10.0M$33.4M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.8820−0.055%$4.2M$4.6M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.8950+0.211%$5.2M$17.4M20xas long as short
Gate ORDI_USDT+0.0100%4h4.8840−0.014%$1.3M$2.7M50xas long as short
MEXC ORDI_USDT+0.0100%4h4.8890+0.088%$6.8M$3.4M200xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ORDIUSDTMlong+0.0100%4h4.8847long leg$974K$865K50x
Bitget ORDIUSDT+0.0100%4h4.8930+0.170%$2.9M$3.5M50xas long as short
BingX ORDI-USDT+0.0100%4h4.8850+0.006%$27.0Mas long as short
Variational Omni ORDI+0.0100%4h4.8791−0.114%$24K$51Kas long as short
SunX ORDI-USDT+0.0100%4h4.8800−0.096%$1K$1.2M20xas long as short
HTX ORDI-USDT+0.0100%4h4.8930+0.170%$81K$402K75xas long as short
Extended ORDI-USD+0.0104%1h4.8898+0.105%$2K$183K5xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0239% / S −0.3359%1h4.8876+0.059%$8K100xas long as short
Hyperliquid ORDI+0.0327%1h4.8982+0.276%$705K$660K3xas long as short