Funding arb · Price arb /

ORDI

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Swap Backtest

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 −0.010%

Price spread now: Gate against Binance+0.074%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$680.682% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 7 days−0.054%−$5 · spread now +0.074%, 7d avg −0.026%

Together, before fees−0.066%−$7 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: Gate is 0.100% dearer against Binance than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ORDIUSDT	4.8974	0.0100	pay 0.0050% / 4h	1h 41m	$10.1M	$33.2M	50x
Short	Gate ORDI_USDT	4.9010	0.0100	get 0.0050% / 4h	1h 41m	$1.3M	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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

Position, each leg$Hold fordaysFee BinancebpFee GatebpOrdersPrice spread, now +0.074%Rate

Funding earned: $0
Price spread: +0.074% → −0.026%: $10.02
Slippage, 4 orders: −$43.23
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$58.21
Costs to cover: 0.682%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; Gate: live order book, 1 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, 15 min ago	1.02 bp	11.3 bp −$11	26.4 bp −$264	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	2.03 bp	24.2 bp −$24	77.7 bp −$777	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	−0.0349%	1h	4.9057	+0.171%	$72K	$46K	25x	as long as short
dYdX ORDI-USD	0.0000%	1h	4.9011	+0.077%	$34K	$651	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−6.991%	$776	$20K	5.5x	as long as short
BloFin ORDI-USDT	+0.0079%	4h	4.9210	+0.483%	$614K	$306K	75x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.9034	+0.124%	$12K	$427K	5x	as long as short
Binance ORDIUSDTlong	+0.0100%	4h	4.8974	long leg	$10.1M	$33.2M	50x
Bybit ORDIUSDT	+0.0100%	4h	4.8950	−0.048%	$4.2M	$4.5M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.8950	−0.048%	$5.3M	$17.4M	20x	as long as short
Gate ORDI_USDTshort	+0.0100%	4h	4.9010	+0.074%	$1.3M	$2.7M	50x
MEXC ORDI_USDT	+0.0100%	4h	4.9030	+0.115%	$7.0M	$3.3M	200x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ORDIUSDTM	+0.0100%	4h	4.9071	+0.199%	$956K	$875K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.8960	−0.028%	$2.9M	$3.5M	50x	as long as short
BingX ORDI-USDT	+0.0100%	4h	4.9000	+0.054%	—	$27.1M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.8796	−0.362%	$24K	$55K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.9090	+0.238%	$1K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.9110	+0.278%	$82K	$390K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.9055	+0.166%	$3K	$195K	5x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0240% / S −0.3359%	1h	4.9122	+0.304%	$8K	—	100x	as long as short
Hyperliquid ORDI	+0.0282%	1h	4.9035	+0.125%	$708K	$661K	3x	as long as short