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: OKX against BingX+0.143%7-day average +0.101% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$850.848% of the position
Funding, last 7 days−0.062%−$6 on $10k
+Price spread, last 7 days−0.009%−$1 · spread now +0.143%, 7d avg +0.101%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.042% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.101%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ORDI-USDC | 4.8920 | 0.0100 | pay 0.0050% / 4h | 1h 36m | — | $2.3M | — |
| Short | OKX ORDI-USDT-SWAP | 4.8990 | 0.0100 | get 0.0050% / 4h | 1h 36m | $5.3M | $17.5M | 20x |
BingX ORDI-USDC
OKX ORDI-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: +0.143% → +0.101%
- $4.24
- Slippage, 4 orders
- −$64.82
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$80.58
- Costs to cover
- 0.848%
- Break-even
- never at this rate
Slippage from BingX: live order book, 11 min ago; OKX: live order book, 2 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, 11 min ago | 4.11 bp | 25.3 bp −$25 | 108.6 bp −$1,086 | 494.1 bp −$49.4K | 584.3 bp −$292.1K |
| Sell OKX live order book, 2 min ago | 1.03 bp | 13.0 bp −$13 | 44.0 bp −$440 | 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 | 4.8988 | +0.139% | $72K | $46K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8770 | −0.306% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.889% | $776 | $20K | 5.5x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8977 | +0.116% | $12K | $427K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9030 | +0.225% | $10.0M | $33.4M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8980 | +0.123% | $4.2M | $4.5M | 50x | as long as short |
| OKX ORDI-USDT-SWAPshort | +0.0100% | 4h | 4.8990 | +0.143% | $5.3M | $17.5M | 20x | |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8920 | 0.000% | $1.3M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9040 | +0.245% | $7.0M | $3.3M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8999 | +0.161% | $955K | $866K | 50x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
Gate ORDI_USDT
MEXC ORDI_USDT
KuCoin ORDIUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9030 | +0.225% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDClong | +0.0100% | 4h | 4.8920 | long leg | — | $2.3M | — | |
| Variational Omni ORDI | +0.0100% | 4h | 4.8955 | +0.072% | $24K | $55K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8850 | −0.143% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8850 | −0.143% | $81K | $393K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8988 | +0.140% | $3K | $195K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0123% | 4h | 4.8880 | −0.082% | $609K | $304K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8965 | +0.091% | $8K | — | 100x | as long as short |
| Hyperliquid ORDI | +0.0286% | 1h | 4.9098 | +0.364% | $708K | $661K | 3x | as long as short |
Bitget ORDIUSDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]
Hyperliquid ORDI