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

ORDI

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Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against SunX+0.164%7-day average +0.159% · you sell dearer than you buy
Net, funding: paid 7d − costs−$156as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1561.556% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.164%, 7d avg +0.159%
Together, before fees−0.074%−$7 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ORDI-USDT4.86900.0100pay 0.0050% / 4h2h 59m$2K$1.1M20x
ShortBitget ORDIUSDT4.87700.0100get 0.0050% / 4h2h 59m$2.8M$3.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against SunX. 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: +0.164% → +0.159%
$0.5
Slippage, 4 orders
−$135.63
Fee SunX: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$155.13
Costs to cover
1.556%
Break-even
never at this rate
Slippage from SunX: live order book, 4 min ago; Bitget: 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 SunX live order book, 4 min ago30.70 bp79.2 bp −$79doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago3.07 bp13.2 bp −$1333.9 bp −$339doesn'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−0.0420%1h4.8707+0.035%$69K$43K25xas long as short
dYdX ORDI-USD0.0000%1h4.8762+0.148%$33K$5775xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−6.449%$776$20K5.5xas long as short
BloFin ORDI-USDT+0.0077%4h4.8940+0.513%$592K$297K75xas long as short
Hyperliquid ORDI+0.0100%1h4.8852+0.333%$704K$641K3xas long as short
Aster ORDIUSDT+0.0100%4h4.8787+0.199%$10K$344K5xas long as short
Binance ORDIUSDT+0.0100%4h4.8791+0.208%$9.9M$33.3M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.8760+0.144%$4.1M$4.3M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.8730+0.082%$5.2M$17.6M20xas long as short
Gate ORDI_USDT+0.0100%4h4.8780+0.185%$1.2M$2.5M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ORDI_USDT+0.0100%4h4.8760+0.144%$6.8M$3.1M200xas long as short
KuCoin ORDIUSDTM+0.0100%4h4.8822+0.271%$1.0M$782K50xas long as short
Bitget ORDIUSDTshort+0.0100%4h4.8770+0.164%$2.8M$3.5M50x
BingX ORDI-USDT+0.0100%4h4.8790+0.205%$26.9Mas long as short
Variational Omni ORDI+0.0100%4h4.8771+0.166%$25K$33Kas long as short
SunX ORDI-USDTlong+0.0100%4h4.8690long leg$2K$1.1M20x
HTX ORDI-USDT+0.0100%4h4.8810+0.246%$84K$349K75xas long as short
Extended ORDI-USD+0.0104%1h4.8772+0.168%$2K$223K5xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0239% / S −0.3359%1h4.8831+0.290%$8K100xas long as short