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: Binance against Bitget+0.062%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$540.543% of the position
Funding, last 7 days−0.055%−$5 on $10k
+Price spread, last 7 days−0.086%−$9 · spread now +0.062%, 7d avg 0.000%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.061% dearer against Bitget than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of 0.000%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ORDIUSDT | 4.8600 | 0.0100 | pay 0.0050% / 4h | 7m 58s | $2.9M | $3.0M | 50x |
| Short | Binance ORDIUSDT | 4.8630 | 0.0100 | get 0.0050% / 4h | 7m 58s | $9.9M | $31.4M | 50x |
Bitget ORDIUSDT
Binance ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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: +0.062% → 0.000%
- $6.13
- Slippage, 4 orders
- −$32.3
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$48.17
- Costs to cover
- 0.543%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; Binance: live order book, 4 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 Bitget live order book, 5 min ago | 3.08 bp | 12.5 bp −$13 | 29.3 bp −$293 | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 1.03 bp | 11.6 bp −$12 | 24.4 bp −$244 | 312.0 bp −$31.2K | 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 | 4.8568 | −0.065% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.276% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0076% | 4h | 4.8620 | +0.041% | $602K | $308K | 75x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8686 | +0.177% | $708K | $652K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8604 | +0.009% | $4K | $420K | 5x | as long as short |
| Binance ORDIUSDTshort | +0.0100% | 4h | 4.8630 | +0.062% | $9.9M | $31.4M | 50x | |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8580 | −0.041% | $4.1M | $4.2M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8590 | −0.021% | $5.3M | $16.5M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8580 | −0.041% | $1.3M | $2.8M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8610 | +0.021% | $7.0M | $3.3M | 200x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Hyperliquid ORDI
Aster ORDIUSDT
Bybit 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 | 4.8602 | +0.004% | $939K | $812K | 50x | as long as short |
| Bitget ORDIUSDTlong | +0.0100% | 4h | 4.8600 | long leg | $2.9M | $3.0M | 50x | |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8590 | −0.021% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8568 | −0.066% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8550 | −0.103% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8560 | −0.082% | $88K | $355K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8610 | +0.020% | $5K | $172K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8603 | +0.007% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.3041% | 1h | 4.8720 | +0.247% | $65K | $43K | 25x | as long as short |
KuCoin ORDIUSDTM
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]
Kraken Futures PF_ORDIUSD