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 Bitget−0.020%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$790.790% of the position
Funding, last 7 days−0.110%−$11 on $10k
+Price spread, last 7 days+0.020%+$2 · spread now −0.020%, 7d avg −0.028%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ORDIUSDT | 4.8930 | 0.0100 | pay 0.0050% / 4h | 2h 07m | $2.9M | $3.5M | 50x |
| Short | Bybit ORDIUSDT | 4.8920 | 0.0100 | get 0.0050% / 4h | 2h 07m | $4.2M | $4.6M | 50x |
Bitget ORDIUSDT
Bybit ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.020% → −0.028%
- $0.76
- Slippage, 4 orders
- −$56.05
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$78.29
- Costs to cover
- 0.790%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 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 Bitget live order book, 1 min ago | 3.07 bp | 17.8 bp −$18 | 27.5 bp −$275 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 4.09 bp | 24.5 bp −$24 | 71.7 bp −$717 | doesn't fit | doesn't fit |
ORDI on 18 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 | 4.8857 | −0.150% | $34K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.908% | $776 | $20K | 5.5x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8927 | −0.007% | $13K | $426K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8947 | +0.035% | $10.0M | $33.1M | 50x | as long as short |
| Bybit ORDIUSDTshort | +0.0100% | 4h | 4.8920 | −0.020% | $4.2M | $4.6M | 50x | |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8940 | +0.020% | $5.3M | $17.5M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8910 | −0.041% | $1.3M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8930 | 0.000% | $7.0M | $3.5M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8903 | −0.055% | $934K | $873K | 50x | as long as short |
| Bitget ORDIUSDTlong | +0.0100% | 4h | 4.8930 | long leg | $2.9M | $3.5M | 50x |
dYdX ORDI-USD
Injective ORDI/USDC PERP
Aster ORDIUSDT
Binance ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
MEXC ORDI_USDT
KuCoin ORDIUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ORDI-USDC | +0.0100% | 4h | 4.8870 | −0.123% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8941 | +0.023% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8910 | −0.041% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8870 | −0.123% | $79K | $382K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8916 | −0.029% | $3K | $194K | 5x | as long as short |
| Hyperliquid ORDI | +0.0150% | 1h | 4.9026 | +0.196% | $707K | $660K | 3x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8908 | −0.046% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.3057% | 1h | 4.8915 | −0.031% | $72K | $46K | 25x | as long as short |
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
Hyperliquid ORDI
GMX ORDI/USD [WBTC.b-USDC]
Kraken Futures PF_ORDIUSD