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

ORDI

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against MEXC−0.205%7-day average −0.173% · you buy dearer than you sell
Net, funding: paid 7d − costs−$133as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1381.383% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.054%+$5 on $10k
Price spread, last 4 days (all we have)+0.076%+$8 · spread now −0.205%, 7d avg −0.173%
Together, before fees+0.130%+$13 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: SunX is 0.032% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.173%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ORDI_USDT4.88400.0100pay 0.0050% / 4h8m 40s$6.6M$3.3M200x
ShortSunX ORDI-USDT4.87400.0100get 0.0050% / 4h8m 40s$1K$1.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against MEXC. 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: −0.205% → −0.173%
−$3.22
Slippage, 4 orders
−$130.29
Fee MEXC: 0 bp × 2 orders
$0
Fee SunX: 4 bp × 2 orders
−$8
Net
−$141.51
Costs to cover
1.383%
Break-even
never at this rate
Slippage from MEXC: live order book, 4 min ago; SunX: live order book, 4 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 MEXC live order book, 4 min ago1.02 bp4.8 bp −$510.5 bp −$10546.5 bp −$4,655100.7 bp −$50.3K
Sell SunX live order book, 4 min ago30.71 bp49.6 bp −$50doesn'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−0.0304%1h4.8788−0.107%$69K$43K25xas long as short
dYdX ORDI-USD0.0000%1h4.8803−0.076%$33K$5775xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−6.736%$776$20K5.5xas long as short
Gate ORDI_USDT+0.0042%4h4.8810−0.061%$1.2M$2.7M50xas long as short
Hyperliquid ORDI+0.0100%1h4.8890+0.102%$705K$667K3xas long as short
Aster ORDIUSDT+0.0100%4h4.8860+0.041%$10K$347K5xas long as short
Binance ORDIUSDT+0.0100%4h4.8818−0.045%$10.0M$33.8M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.8760−0.164%$4.1M$4.5M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.8770−0.143%$5.2M$17.7M20xas long as short
MEXC ORDI_USDTlong+0.0100%4h4.8840long leg$6.6M$3.3M200x
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ORDIUSDTM+0.0100%4h4.8810−0.061%$1.0M$794K50xas long as short
Bitget ORDIUSDT+0.0100%4h4.8810−0.061%$2.8M$3.5M50xas long as short
BingX ORDI-USDC+0.0100%4h4.8830−0.020%$2.3Mas long as short
Variational Omni ORDI+0.0100%4h4.8744−0.197%$26K$32Kas long as short
SunX ORDI-USDTshort+0.0100%4h4.8740−0.205%$1K$1.2M20x
HTX ORDI-USDT+0.0100%4h4.8760−0.164%$85K$338K75xas long as short
Extended ORDI-USD+0.0104%1h4.8846+0.012%$2K$222K5xas long as short
BloFin ORDI-USDT+0.0115%4h4.8880+0.082%$594K$309K75xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0239% / S −0.3359%1h4.8802−0.078%$8K100xas long as short