Funding arb · Price arb /

ORDI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance−0.030%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$310.310% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.038%+$4 · spread now −0.030%, 7d avg −0.004%

Together, before fees+0.038%+$4 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: MEXC is 0.025% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ORDIUSDT	4.9085	0.0100	pay 0.0050% / 4h	46m 38s	$10.1M	$31.2M	50x
Short	MEXC ORDI_USDT	4.9070	0.0100	get 0.0050% / 4h	46m 38s	$7.1M	$3.3M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.030%Rate

Funding earned: $0
Price spread: −0.030% → −0.004%: −$2.51
Slippage, 4 orders: −$21.03
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$33.54
Costs to cover: 0.310%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; MEXC: 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, 10 min ago	1.02 bp	10.4 bp −$10	23.6 bp −$236	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.02 bp	4.4 bp −$4	9.1 bp −$91	47.4 bp −$4,741	100.3 bp −$50.1K

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	4.8989	−0.195%	$34K	$651	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−7.201%	$776	$20K	5.5x	as long as short
BloFin ORDI-USDT	+0.0043%	4h	4.9040	−0.091%	$610K	$310K	75x	as long as short
Hyperliquid ORDI	+0.0100%	1h	4.9115	+0.062%	$713K	$650K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.9062	−0.046%	$4K	$419K	5x	as long as short
Binance ORDIUSDTlong	+0.0100%	4h	4.9085	long leg	$10.1M	$31.2M	50x
Bybit ORDIUSDT	+0.0100%	4h	4.9000	−0.172%	$4.1M	$4.2M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.9050	−0.070%	$5.3M	$16.6M	20x	as long as short
Gate ORDI_USDT	+0.0100%	4h	4.9050	−0.070%	$1.3M	$2.7M	50x	as long as short
MEXC ORDI_USDTshort	+0.0100%	4h	4.9070	−0.030%	$7.1M	$3.3M	200x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ORDIUSDTM	+0.0100%	4h	4.9021	−0.129%	$940K	$819K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.9070	−0.030%	$2.9M	$3.0M	50x	as long as short
BingX ORDI-USDC	+0.0100%	4h	4.9070	−0.030%	—	$2.3M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.9029	−0.113%	$24K	$56K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8960	−0.254%	$2K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.8980	−0.213%	$89K	$355K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.9065	−0.039%	$5K	$172K	5x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0239% / S −0.3359%	1h	4.9000	−0.171%	$8K	—	100x	as long as short
Kraken Futures PF_ORDIUSD	+0.3015%	1h	4.9147	+0.127%	$66K	$43K	25x	as long as short