ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0043%/8h= +4.8% APRnext payment +$0.22 per $10,000 · paid last 24h −0.012%

Price spread now: OKX against BloFin−0.369%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$580.579% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 4 days (all we have)+0.256%+$26 · spread now −0.369%, 7d avg −0.040%

Together, before fees+0.208%+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.329% cheaper against BloFin than usual: you would sell low and buy high (spread −0.369% now, against its 7-day average of −0.040%). If the spread goes back, that is −$33 on $10k: about 25 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ORDI-USDT	4.8780	0.0057	pay 0.0028% / 4h	1h 08m	$609K	$304K	75x
Short	OKX ORDI-USDT-SWAP	4.8600	0.0100	get 0.0050% / 4h	1h 08m	$5.2M	$17.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee OKXbpOrdersPrice spread, now −0.369%Rate

Funding earned: $9.12
Price spread: −0.369% → −0.040%: −$32.93
Slippage, 4 orders: −$35.89
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$81.71
Costs to cover: 0.579%
Break-even: 69.7 days

Slippage from BloFin: live order book, 31 min ago; OKX: live order book, 5 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, 31 min ago	2.05 bp	18.6 bp −$19	46.2 bp −$462	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	1.02 bp	15.7 bp −$16	45.5 bp −$455	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	−0.0352%	1h	4.8689	−0.186%	$71K	$45K	25x	as long as short
dYdX ORDI-USD	0.0000%	1h	4.8631	−0.306%	$33K	$651	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−6.622%	$776	$20K	5.5x	as long as short
BloFin ORDI-USDTlong	+0.0057%	4h	4.8780	long leg	$609K	$304K	75x
Aster ORDIUSDT	+0.0100%	4h	4.8635	−0.298%	$13K	$428K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.8618	−0.331%	$10.0M	$33.6M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.8570	−0.431%	$4.2M	$4.6M	50x	as long as short
OKX ORDI-USDT-SWAPshort	+0.0100%	4h	4.8600	−0.369%	$5.2M	$17.4M	20x
Gate ORDI_USDT	+0.0100%	4h	4.8600	−0.369%	$1.3M	$2.8M	50x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	4.8640	−0.287%	$6.8M	$3.4M	200x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ORDIUSDTM	+0.0100%	4h	4.8624	−0.320%	$976K	$878K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.8640	−0.287%	$2.9M	$3.5M	50x	as long as short
BingX ORDI-USDC	+0.0100%	4h	4.8690	−0.185%	—	$2.3M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.8775	−0.009%	$24K	$55K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8760	−0.041%	$1K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.8690	−0.185%	$80K	$394K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.8627	−0.313%	$5K	$190K	5x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0239% / S −0.3359%	1h	4.8725	−0.112%	$8K	—	100x	as long as short
Hyperliquid ORDI	+0.0273%	1h	4.8702	−0.160%	$702K	$661K	3x	as long as short