Funding you earn now, next payment 00:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.09 per $10,000 · paid last 24h +0.015%
Price spread now: BloFin against SunX+0.062%56s7-day average +0.190% · you sell dearer than you buy
Net, funding: paid 7d − costs−$162as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1611.607% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 3 days (all we have)+0.102%+$10 · spread now +0.062%, 7d avg +0.190%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.128% cheaper against SunX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.190%). Swap the legs. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX ORDI-USDT | 4.8510 | 0.0100 | pay 0.0050% / 4h | 1h 46m | $1K | $1.2M | 20x |
| Short | BloFin ORDI-USDT | 4.8540 | 0.0083 | get 0.0041% / 4h | 1h 46m | $601K | $299K | 75x |
SunX ORDI-USDT
BloFin ORDI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against SunX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$3.63
- Price spread: +0.062% → +0.190%
- −$12.82
- Slippage, 4 orders
- −$140.7
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$177.15
- Costs to cover
- 1.607%
- Break-even
- never at this rate
Slippage from SunX: live order book, 7 min ago; BloFin: live order book, 35 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy SunX live order book, 7 min ago | 30.92 bp | 79.8 bp −$80 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 35 min ago | 1.03 bp | 15.2 bp −$15 | 40.4 bp −$404 | doesn't fit | doesn't fit |
ORDI on 19 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ORDI-USD | 0.0000% | 1h | 4.8541 | +0.064% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.102% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDTshort | +0.0083% | 4h | 4.8540 | +0.062% | $601K | $299K | 75x | |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8623 | +0.233% | $707K | $645K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8546 | +0.075% | $5K | $415K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8593 | +0.170% | $9.9M | $30.8M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8520 | +0.021% | $4.1M | $4.2M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8620 | +0.227% | $5.3M | $16.2M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8530 | +0.041% | $1.2M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8570 | +0.124% | $7.0M | $3.2M | 200x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
MEXC ORDI_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8533 | +0.047% | $928K | $823K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8560 | +0.103% | $2.9M | $3.0M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8560 | +0.103% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8536 | +0.053% | $24K | $56K | — | as long as short |
| SunX ORDI-USDTlong | +0.0100% | 4h | 4.8510 | long leg | $1K | $1.2M | 20x | |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8560 | +0.103% | $88K | $363K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8570 | +0.123% | $5K | $172K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8559 | +0.102% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.2953% | 1h | 4.8786 | +0.569% | $66K | $42K | 25x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]
Kraken Futures PF_ORDIUSD