Funding you earn now, next payment 08:00 UTC−0.0037%/8h= −4.1% APRnext payment −$0.19 per $10,000 · paid last 24h −0.016%
Price spread now: BingX against BloFin−0.327%66s7-day average −0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as 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−$710.713% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 4 days (all we have)+0.252%+$25 · spread now −0.327%, 7d avg −0.080%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.247% cheaper against BloFin than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.080%). Swap the legs. The two prices were read 66 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 | BloFin ORDI-USDT | 4.8930 | 0.0137 | pay 0.0069% / 4h | 2h 54m | $603K | $307K | 75x |
| Short | BingX ORDI-USDC | 4.8770 | 0.0100 | get 0.0050% / 4h | 2h 54m | — | $2.3M | — |
BloFin ORDI-USDT
BingX ORDI-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against BloFin. 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
- −$7.82
- Price spread: −0.327% → −0.080%
- −$24.73
- Slippage, 4 orders
- −$49.32
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$103.86
- Costs to cover
- 0.713%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 37 min ago; BingX: live order book, 9 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 BloFin live order book, 37 min ago | 3.02 bp | 12.0 bp −$12 | 23.3 bp −$233 | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 1.03 bp | 27.9 bp −$28 | 120.3 bp −$1,203 | 440.8 bp −$44.1K | 576.3 bp −$288.2K |
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 | −0.0715% | 1h | 4.8775 | −0.317% | $69K | $47K | 25x | as long as short |
| Gate ORDI_USDT | −0.0460% | 4h | 4.8810 | −0.245% | $1.3M | $2.7M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8787 | −0.293% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.908% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8856 | −0.151% | $705K | $665K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8825 | −0.214% | $7K | $427K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8812 | −0.240% | $9.9M | $33.9M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8760 | −0.347% | $4.1M | $4.7M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8810 | −0.245% | $5.2M | $17.7M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8800 | −0.266% | $6.5M | $3.3M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
Gate ORDI_USDT
dYdX ORDI-USD
Injective ORDI/USDC PERP
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 | 4.8810 | −0.245% | $973K | $822K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8800 | −0.266% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDCshort | +0.0100% | 4h | 4.8770 | −0.327% | — | $2.3M | — | |
| Variational Omni ORDI | +0.0100% | 4h | 4.8856 | −0.150% | $24K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8760 | −0.347% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8770 | −0.327% | $82K | $408K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8799 | −0.267% | $4K | $180K | 5x | as long as short |
| BloFin ORDI-USDTlong | +0.0137% | 4h | 4.8930 | long leg | $603K | $307K | 75x | |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8782 | −0.303% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]