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: Bybit against BingX+0.020%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$620.619% of the position
Funding, last 7 days−0.110%−$11 on $10k
+Price spread, last 7 days−0.032%−$3 · spread now +0.020%, 7d avg −0.015%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.035% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.015%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ORDI-USDT | 4.9450 | 0.0100 | pay 0.0050% / 4h | 3h 16m | — | $27.5M | — |
| Short | Bybit ORDIUSDT | 4.9460 | 0.0100 | get 0.0050% / 4h | 3h 16m | $4.2M | $4.3M | 50x |
BingX ORDI-USDT
Bybit ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BingX. 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
- Price spread: +0.020% → −0.015%
- $3.52
- Slippage, 4 orders
- −$40.87
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$58.34
- Costs to cover
- 0.619%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 min ago; Bybit: 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 BingX live order book, 7 min ago | 1.02 bp | 9.8 bp −$10 | 16.9 bp −$169 | 45.2 bp −$4,523 | 360.4 bp −$180.2K |
| Sell Bybit live order book, 1 min ago | 4.05 bp | 23.5 bp −$23 | 63.0 bp −$630 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ORDI-USD | 0.0000% | 1h | 4.9382 | −0.137% | $34K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.887% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0074% | 4h | 4.9390 | −0.121% | $609K | $316K | 75x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.9550 | +0.202% | $718K | $649K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9416 | −0.068% | $5K | $421K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9520 | +0.142% | $10.2M | $31.6M | 50x | as long as short |
| Bybit ORDIUSDTshort | +0.0100% | 4h | 4.9460 | +0.020% | $4.2M | $4.3M | 50x | |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9480 | +0.061% | $5.4M | $16.9M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.9420 | −0.061% | $1.3M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9490 | +0.081% | $7.2M | $3.4M | 200x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Hyperliquid ORDI
Aster ORDIUSDT
Binance 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 | 4.9450 | 0.000% | $950K | $810K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9460 | +0.020% | $2.9M | $3.1M | 50x | as long as short |
| BingX ORDI-USDTlong | +0.0100% | 4h | 4.9450 | long leg | — | $27.5M | — | |
| Variational Omni ORDI | +0.0100% | 4h | 4.9212 | −0.482% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.9310 | −0.283% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9330 | −0.243% | $90K | $348K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9415 | −0.071% | $4K | $192K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.9489 | +0.080% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.2931% | 1h | 4.9540 | +0.182% | $66K | $39K | 25x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]
Kraken Futures PF_ORDIUSD