Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Binance+0.077%7-day average −0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$620.617% of the position
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 4 days (all we have)−0.115%−$12 · spread now +0.077%, 7d avg −0.040%
=Together, before fees−0.109%+ Points / potential airdropExtended: Active · farm board−$11 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: Extended is 0.116% dearer against Binance than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.040%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ORDIUSDT | 4.9339 | 0.0100 | pay 0.0050% / 4h | 3h 57m | $10.1M | $33.2M | 50x |
| Short | Extended ORDI-USD | 4.9377 | 0.0104 | get 0.0013% / 1h | 57m 34s | $3K | $185K | 5x |
Binance ORDIUSDT
Extended ORDI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $0.84
- Price spread: +0.077% → −0.040%
- $11.62
- Slippage, 4 orders
- −$46.69
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$49.22
- Costs to cover
- 0.617%
- Break-even
- 417.2 days
Slippage from Binance: live order book, 14 min ago; Extended: live order book, 59 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 | 1.02 bp | 13.6 bp −$14 | 26.8 bp −$268 | doesn't fit | doesn't fit |
| Sell Extended live order book, 59 min ago | 3.39 bp | 17.1 bp −$17 | 127.8 bp −$1,278 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ORDIUSD | −0.0570% | 1h | 4.9230 | −0.220% | $72K | $44K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.9294 | −0.091% | $34K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.680% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.9384 | +0.091% | $710K | $661K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9393 | +0.110% | $14K | $420K | 5x | as long as short |
| Binance ORDIUSDTlong | +0.0100% | 4h | 4.9339 | long leg | $10.1M | $33.2M | 50x | |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.9280 | −0.120% | $4.2M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9310 | −0.059% | $5.3M | $17.5M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.9370 | +0.063% | $1.3M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9380 | +0.083% | $6.9M | $3.3M | 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 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.9369 | +0.061% | $984K | $855K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9320 | −0.039% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.9250 | −0.180% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.9171 | −0.340% | $24K | $43K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.9210 | −0.262% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9240 | −0.201% | $82K | $410K | 75x | as long as short |
| Extended ORDI-USDshort | +0.0104% | 1h | 4.9377 | +0.077% | $3K | $185K | 5x | |
| BloFin ORDI-USDT | +0.0154% | 4h | 4.9170 | −0.343% | $606K | $307K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.9242 | −0.196% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]