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

ORDI

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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: Bitget against BingX+0.041%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$530.527% 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 7 days−0.053%−$5 · spread now +0.041%, 7d avg +0.012%
Together, before fees−0.053%−$5 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: Bitget is 0.028% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ORDI-USDT4.93400.0100pay 0.0050% / 4h3h 18m$27.5M
ShortBitget ORDIUSDT4.93600.0100get 0.0050% / 4h3h 18m$2.9M$3.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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: +0.041% → +0.012%
$2.84
Slippage, 4 orders
−$30.74
Fee BingX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$49.9
Costs to cover
0.527%
Break-even
never at this rate
Slippage from BingX: live order book, 6 min ago; Bitget: live order book, 5 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 BingX live order book, 6 min ago1.02 bp9.8 bp −$1016.9 bp −$16945.2 bp −$4,523360.4 bp −$180.2K
Sell Bitget live order book, 5 min ago3.04 bp19.7 bp −$2039.0 bp −$390doesn'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%1h4.9200−0.283%$34K$6515xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−7.681%$776$20K5.5xas long as short
Hyperliquid ORDI+0.0100%1h4.9435+0.193%$717K$649K3xas long as short
Aster ORDIUSDT+0.0100%4h4.9227−0.228%$5K$421K5xas long as short
Binance ORDIUSDT+0.0100%4h4.93400.000%$10.1M$31.5M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.9290−0.101%$4.2M$4.3M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.9330−0.020%$5.4M$16.8M20xas long as short
Gate ORDI_USDT+0.0100%4h4.9300−0.081%$1.3M$2.7M50xas long as short
MEXC ORDI_USDT+0.0100%4h4.9330−0.020%$7.2M$3.4M200xas long as short
KuCoin ORDIUSDTM+0.0100%4h4.9265−0.152%$947K$810K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ORDIUSDTshort+0.0100%4h4.9360+0.041%$2.9M$3.1M50x
BingX ORDI-USDTlong+0.0100%4h4.9340long leg$27.5M
Variational Omni ORDI+0.0100%4h4.9212−0.260%$24K$56Kas long as short
SunX ORDI-USDT+0.0100%4h4.9110−0.466%$2K$1.2M20xas long as short
HTX ORDI-USDT+0.0100%4h4.9270−0.142%$90K$348K75xas long as short
Extended ORDI-USD+0.0104%1h4.9263−0.155%$4K$197K5xas long as short
BloFin ORDI-USDT+0.0113%4h4.9210−0.263%$607K$315K75xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0239% / S −0.3359%1h4.9246−0.190%$8K100xas long as short
Kraken Futures PF_ORDIUSD+0.2936%1h4.9453+0.228%$66K$39K25xas long as short