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

ORDI

all ORDI markets
SwapBacktest
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: HTX against SunX+0.122%7-day average +0.112% · you sell dearer than you buy
Net, funding: paid 7d − costs−$169as in the Funding arb table
Net, price: spread back to 7d avg − costs−$168as in the Price arb table
costs, in and out, $10k−$1691.690% 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 3 days (all we have)−0.064%−$6 · spread now +0.122%, 7d avg +0.112%
Together, before fees−0.064%−$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ORDI-USDT4.92400.0100pay 0.0050% / 4h3h 25m$1K$1.2M20x
ShortHTX ORDI-USDT4.93000.0100get 0.0050% / 4h3h 25m$90K$348K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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: +0.122% → +0.112%
$1
Slippage, 4 orders
−$149.04
Fee SunX: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$168.04
Costs to cover
1.690%
Break-even
never at this rate
Slippage from SunX: live order book, 8 min ago; HTX: live order book, 48 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, 8 min ago30.63 bp79.0 bp −$79doesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 48 min ago12.35 bp20.5 bp −$20doesn'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
dYdX ORDI-USD0.0000%1h4.9312+0.145%$34K$6515xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−7.494%$776$20K5.5xas long as short
BloFin ORDI-USDT+0.0042%4h4.9300+0.122%$604K$316K75xas long as short
Hyperliquid ORDI+0.0100%1h4.9419+0.364%$716K$654K3xas long as short
Aster ORDIUSDT+0.0100%4h4.9358+0.239%$5K$421K5xas long as short
Binance ORDIUSDT+0.0100%4h4.9350+0.223%$10.1M$31.6M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.9330+0.183%$4.2M$4.2M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.9320+0.162%$5.4M$16.8M20xas long as short
Gate ORDI_USDT+0.0100%4h4.9330+0.183%$1.3M$2.6M50xas long as short
MEXC ORDI_USDT+0.0100%4h4.9320+0.162%$7.2M$3.4M200xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ORDIUSDTM+0.0100%4h4.9337+0.197%$957K$809K50xas long as short
Bitget ORDIUSDT+0.0100%4h4.9340+0.203%$2.9M$3.1M50xas long as short
BingX ORDI-USDT+0.0100%4h4.9340+0.203%$27.5Mas long as short
Variational Omni ORDI+0.0100%4h4.9302+0.126%$24K$56Kas long as short
SunX ORDI-USDTlong+0.0100%4h4.9240long leg$1K$1.2M20x
HTX ORDI-USDTshort+0.0100%4h4.9300+0.122%$90K$348K75x
Extended ORDI-USD+0.0104%1h4.9311+0.145%$4K$220K5xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0239% / S −0.3359%1h4.9276+0.073%$8K100xas long as short
Kraken Futures PF_ORDIUSD+0.2937%1h4.9435+0.395%$66K$39K25xas long as short