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: MEXC against KuCoin+0.057%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$620.621% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.030%−$3 on $10k
Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.057%, 7d avg +0.027%
Together, before fees−0.092%−$9 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: MEXC is 0.031% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.027%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ORDIUSDTM4.87720.0100pay 0.0050% / 4h3h 45m$940K$814K50x
ShortMEXC ORDI_USDT4.88000.0100get 0.0050% / 4h3h 45m$7.1M$3.3M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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: +0.057% → +0.027%
$3.09
Slippage, 4 orders
−$50.11
Fee KuCoin: 6 bp × 2 orders
−$12
Fee MEXC: 0 bp × 2 orders
$0
Net
−$59.02
Costs to cover
0.621%
Break-even
never at this rate
Slippage from KuCoin: live order book, 19 min ago; MEXC: live order book, 2 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, 19 min ago6.05 bp30.6 bp −$311065.6 bp −$10.7Kdoesn't fitdoesn't fit
Sell MEXC live order book, 2 min ago1.02 bp4.5 bp −$512.6 bp −$12651.9 bp −$5,191109.9 bp −$55.0K

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%1h4.8713−0.121%$33K$6515xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−6.606%$776$20K5.5xas long as short
BloFin ORDI-USDT+0.0051%4h4.8740−0.066%$602K$309K75xas long as short
Hyperliquid ORDI+0.0100%1h4.8860+0.180%$709K$654K3xas long as short
Aster ORDIUSDT+0.0100%4h4.8780+0.016%$5K$420K5xas long as short
Binance ORDIUSDT+0.0100%4h4.8806+0.070%$10.0M$31.5M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.8730−0.086%$4.1M$4.2M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.8760−0.025%$5.3M$16.5M20xas long as short
Gate ORDI_USDT+0.0100%4h4.8730−0.086%$1.3M$2.6M50xas long as short
MEXC ORDI_USDTshort+0.0100%4h4.8800+0.057%$7.1M$3.3M200x
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ORDIUSDTMlong+0.0100%4h4.8772long leg$940K$814K50x
Bitget ORDIUSDT+0.0100%4h4.8780+0.016%$2.9M$3.0M50xas long as short
BingX ORDI-USDT+0.0100%4h4.8770−0.004%$27.5Mas long as short
Variational Omni ORDI+0.0100%4h4.8702−0.143%$24K$56Kas long as short
SunX ORDI-USDT+0.0100%4h4.8700−0.148%$1K$1.2M20xas long as short
HTX ORDI-USDT+0.0100%4h4.8690−0.168%$89K$355K75xas long as short
Extended ORDI-USD+0.0104%1h4.8794+0.045%$4K$192K5xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0239% / S −0.3359%1h4.8745−0.056%$8K100xas long as short
Kraken Futures PF_ORDIUSD+0.2971%1h4.8877+0.216%$66K$40K25xas long as short