Funding you earn now, next payment 12:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.26 per $10,000 · paid last 24h +0.018%
Price spread now: BloFin against Binance+0.081%51s7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as 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−$540.537% of the position
Funding, last 7 days+0.040%+$4 on $10k
+Price spread, last 4 days (all we have)−0.057%−$6 · spread now +0.081%, 7d avg +0.009%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.073% dearer against Binance than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.009%. The two prices were read 51 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 | Binance ORDIUSDT | 4.8331 | 0.0100 | pay 0.0050% / 4h | 2h 20m | $9.8M | $32.8M | 50x |
| Short | BloFin ORDI-USDT | 4.8370 | 0.0152 | get 0.0076% / 4h | 2h 20m | $587K | $293K | 75x |
Binance ORDIUSDT
BloFin ORDI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- $10.94
- Price spread: +0.081% → +0.009%
- $7.27
- Slippage, 4 orders
- −$31.67
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$35.46
- Costs to cover
- 0.537%
- Break-even
- 29.7 days
Slippage from Binance: live order book, 14 min ago; BloFin: live order book, 29 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 Binance live order book, 14 min ago | 1.03 bp | 13.0 bp −$13 | 31.4 bp −$314 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 29 min ago | 2.08 bp | 18.0 bp −$18 | 37.8 bp −$378 | doesn't fit | doesn't fit |
ORDI on 19 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ORDIUSD | −0.0424% | 1h | 4.8234 | −0.200% | $69K | $43K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8265 | −0.136% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −5.753% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8383 | +0.108% | $697K | $639K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8332 | +0.003% | $10K | $279K | 5x | as long as short |
| Binance ORDIUSDTlong | +0.0100% | 4h | 4.8331 | long leg | $9.8M | $32.8M | 50x | |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8290 | −0.084% | $4.1M | $4.3M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8290 | −0.084% | $5.1M | $17.6M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8290 | −0.084% | $1.2M | $2.6M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8330 | −0.001% | $6.8M | $3.2M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
MEXC ORDI_USDTShow all 19 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8293 | −0.078% | $1.0M | $758K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8320 | −0.022% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8290 | −0.084% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8275 | −0.115% | $25K | $33K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8270 | −0.125% | $1K | $1.1M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8300 | −0.063% | $84K | $348K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8295 | −0.073% | $7K | $224K | 5x | as long as short |
| BloFin ORDI-USDTshort | +0.0152% | 4h | 4.8370 | +0.081% | $587K | $293K | 75x | |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8278 | −0.108% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]