Funding you earn now, next payment 00:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.10 per $10,000 · paid last 24h −0.025%
Price spread now: Gate against BloFin−0.123%7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$720.722% of the position
Funding, last 7 days−0.060%−$6 on $10k
+Price spread, last 3 days (all we have)+0.033%+$3 · spread now −0.123%, 7d avg −0.066%
=Funding pays, the price is against you. Gate is 0.058% cheaper against BloFin than usual: you would sell low and buy high (spread −0.123% now, against its 7-day average of −0.066%). If the spread goes back, that is −$6 on $10k: about 9.2 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.060%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ORDI-USDT | 4.8620 | 0.0079 | pay 0.0040% / 4h | 2h 27m | $602K | $300K | 75x |
| Short | Gate ORDI_USDT | 4.8560 | 0.0100 | get 0.0050% / 4h | 2h 27m | $1.2M | $2.7M | 50x |
BloFin ORDI-USDT
Gate ORDI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $4.4
- Price spread: −0.123% → −0.066%
- −$5.78
- Slippage, 4 orders
- −$45.19
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$73.56
- Costs to cover
- 0.722%
- Break-even
- 124.1 days
Slippage from BloFin: live order book, 59 min ago; Gate: live order book, 6 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, 59 min ago | 2.05 bp | 19.3 bp −$19 | 46.8 bp −$468 | doesn't fit | doesn't fit |
| Sell Gate live order book, 6 min ago | 2.07 bp | 27.4 bp −$27 | 98.3 bp −$983 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ORDI-USD | 0.0000% | 1h | 4.8500 | −0.247% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.314% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDTlong | +0.0079% | 4h | 4.8620 | long leg | $602K | $300K | 75x | |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8713 | +0.191% | $709K | $644K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8610 | −0.021% | $4K | $415K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8639 | +0.039% | $9.9M | $30.7M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8590 | −0.062% | $4.2M | $4.2M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8630 | +0.021% | $5.3M | $16.2M | 20x | as long as short |
| Gate ORDI_USDTshort | +0.0100% | 4h | 4.8560 | −0.123% | $1.2M | $2.7M | 50x | |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8630 | +0.021% | $7.1M | $3.3M | 200x | as long as short |
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 | 4.8579 | −0.084% | $928K | $823K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8580 | −0.082% | $2.8M | $2.9M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8530 | −0.185% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8393 | −0.467% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8550 | −0.144% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8580 | −0.082% | $88K | $362K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8614 | −0.012% | $5K | $172K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0238% / S −0.3359% | 1h | 4.8649 | +0.059% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.2495% | 1h | 4.8762 | +0.293% | $66K | $42K | 25x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
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