Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit+0.081%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$660.663% of the position
Funding, last 7 days+0.058%+$6 on $10k
+Price spread, last 7 days−0.105%−$10 · spread now +0.081%, 7d avg +0.027%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.054% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.027%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ORDIUSDT | 4.8780 | 0.0100 | pay 0.0050% / 4h | 3h 59m | $4.1M | $4.3M | 50x |
| Short | Binance ORDIUSDT | 4.8819 | 0.0100 | get 0.0050% / 4h | 3h 59m | $10.0M | $31.5M | 50x |
Bybit ORDIUSDT
Binance ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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: +0.081% → +0.027%
- $5.38
- Slippage, 4 orders
- −$45.3
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$60.91
- Costs to cover
- 0.663%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 8 min ago; Binance: live order book, 12 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 Bybit live order book, 8 min ago | 2.06 bp | 19.3 bp −$19 | 68.7 bp −$687 | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 1.03 bp | 11.6 bp −$12 | 24.4 bp −$244 | 312.0 bp −$31.2K | 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 | 4.8771 | −0.019% | $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-USDT | +0.0068% | 4h | 4.8910 | +0.267% | $602K | $310K | 75x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8918 | +0.283% | $710K | $653K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8814 | +0.070% | $5K | $420K | 5x | as long as short |
| Binance ORDIUSDTshort | +0.0100% | 4h | 4.8819 | +0.081% | $10.0M | $31.5M | 50x | |
| Bybit ORDIUSDTlong | +0.0100% | 4h | 4.8780 | long leg | $4.1M | $4.3M | 50x | |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8780 | 0.000% | $5.3M | $16.6M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8790 | +0.021% | $1.3M | $2.8M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8820 | +0.082% | $7.0M | $3.3M | 200x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Hyperliquid ORDI
Aster ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
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 | 4.8812 | +0.066% | $943K | $812K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8860 | +0.164% | $2.9M | $3.0M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8830 | +0.103% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8788 | +0.017% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8790 | +0.021% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8820 | +0.082% | $89K | $355K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8840 | +0.123% | $5K | $172K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8845 | +0.133% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.3026% | 1h | 4.8959 | +0.368% | $66K | $43K | 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