ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0120%/8h= −13.1% APRnext payment −$0.60 per $10,000 · paid last 24h −0.010%

Price spread now: Gate against BingX+0.021%7-day average +0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$870.868% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 7 days+0.088%+$9 · spread now +0.021%, 7d avg +0.084%

Together, before fees+0.017%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.063% cheaper against BingX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.084%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ORDI-USDC	4.8350	0.0100	pay 0.0050% / 4h	2h 37m	—	$2.3M	—
Short	Gate ORDI_USDT	4.8360	−0.0020	pay 0.0010% / 4h	2h 37m	$1.2M	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee BingXbpFee GatebpOrdersPrice spread, now +0.021%Rate

Funding earned: −$25.2
Price spread: +0.021% → +0.084%: −$6.3
Slippage, 4 orders: −$61.83
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$118.33
Costs to cover: 0.868%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; Gate: live order book, 5 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, 10 min ago	1.03 bp	18.9 bp −$19	101.6 bp −$1,016	439.5 bp −$43.9K	512.7 bp −$256.4K
Sell Gate live order book, 5 min ago	1.04 bp	21.0 bp −$21	86.3 bp −$863	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
Gate ORDI_USDTshort	−0.0020%	4h	4.8360	+0.021%	$1.2M	$2.7M	50x
dYdX ORDI-USD	0.0000%	1h	4.8272	−0.161%	$33K	$651	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−5.791%	$776	$20K	5.5x	as long as short
BloFin ORDI-USDT	+0.0075%	4h	4.8320	−0.062%	$602K	$296K	75x	as long as short
Hyperliquid ORDI	+0.0100%	1h	4.8435	+0.176%	$706K	$643K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.8350	+0.001%	$4K	$414K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.8395	+0.092%	$9.8M	$30.6M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.8360	+0.021%	$4.1M	$4.1M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.8400	+0.103%	$5.3M	$16.1M	20x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	4.8360	+0.021%	$7.1M	$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	4.8336	−0.029%	$924K	$830K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.8410	+0.124%	$2.8M	$2.9M	50x	as long as short
BingX ORDI-USDClong	+0.0100%	4h	4.8350	long leg	—	$2.3M	—
Variational Omni ORDI	+0.0100%	4h	4.8250	−0.206%	$24K	$56K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8250	−0.207%	$1K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.8330	−0.041%	$88K	$362K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.8389	+0.080%	$4K	$172K	5x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0238% / S −0.3359%	1h	4.8361	+0.023%	$8K	—	100x	as long as short
Kraken Futures PF_ORDIUSD	+0.2507%	1h	4.8530	+0.372%	$65K	$42K	25x	as long as short