Funding you earn now, next payment 08:00 UTC+0.0034%/8h= +3.8% APRnext payment +$0.17 per $10,000 · paid last 24h +0.016%
Price spread now: BloFin against Bitget+0.184%105s7-day average +0.028% · 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—prices read too far apart to compare
costs, in and out, $10k−$520.520% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)−0.147%−$15 · spread now +0.184%, 7d avg +0.028%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.156% dearer against Bitget than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.028%. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ORDIUSDT | 4.8820 | 0.0100 | pay 0.0050% / 4h | 3h 59m | $2.8M | $3.5M | 50x |
| Short | BloFin ORDI-USDT | 4.8910 | 0.0134 | get 0.0067% / 4h | 3h 59m | $594K | $307K | 75x |
Bitget ORDIUSDT
BloFin ORDI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $7.23
- Price spread: +0.184% → +0.028%
- $15.61
- Slippage, 4 orders
- −$28.04
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$29.2
- Costs to cover
- 0.520%
- Break-even
- 35.3 days
Slippage from Bitget: live order book, 3 min ago; BloFin: live order book, 17 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, 3 min ago | 3.07 bp | 12.8 bp −$13 | 24.1 bp −$241 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 17 min ago | 3.07 bp | 13.2 bp −$13 | 25.4 bp −$254 | 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 | −0.0304% | 1h | 4.8782 | −0.077% | $69K | $43K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8806 | −0.029% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.698% | $776 | $20K | 5.5x | as long as short |
| Gate ORDI_USDT | +0.0074% | 4h | 4.8820 | 0.000% | $1.2M | $2.6M | 50x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8878 | +0.119% | $705K | $668K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8846 | +0.053% | $10K | $347K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8830 | +0.020% | $10.0M | $33.8M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8800 | −0.041% | $4.1M | $4.4M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8800 | −0.041% | $5.2M | $17.7M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8820 | 0.000% | $6.6M | $3.2M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
Gate ORDI_USDT
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
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 | 4.8858 | +0.078% | $1.0M | $794K | 50x | as long as short |
| Bitget ORDIUSDTlong | +0.0100% | 4h | 4.8820 | long leg | $2.8M | $3.5M | 50x | |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8900 | +0.164% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8793 | −0.054% | $26K | $32K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8770 | −0.102% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8820 | 0.000% | $85K | $338K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8855 | +0.072% | $2K | $222K | 5x | as long as short |
| BloFin ORDI-USDTshort | +0.0134% | 4h | 4.8910 | +0.184% | $594K | $307K | 75x | |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8809 | −0.022% | $8K | — | 100x | 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]