Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Bybit+0.164%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$650.647% of the position
Funding, last 7 days+0.070%+$7 on $10k
+Price spread, last 7 days−0.139%−$14 · spread now +0.164%, 7d avg +0.017%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.146% dearer against Bybit than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.017%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ORDIUSDT | 4.8910 | 0.0100 | pay 0.0050% / 4h | 3h 14m | $4.1M | $4.3M | 50x |
| Short | BingX ORDI-USDT | 4.8990 | 0.0100 | get 0.0050% / 4h | 3h 14m | — | $26.9M | — |
Bybit ORDIUSDT
BingX ORDI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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: +0.164% → +0.017%
- $14.63
- Slippage, 4 orders
- −$43.75
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$50.12
- Costs to cover
- 0.647%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 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 Bybit live order book, 3 min ago | 1.02 bp | 22.4 bp −$22 | 72.1 bp −$721 | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 3.08 bp | 9.6 bp −$10 | 18.6 bp −$186 | 61.8 bp −$6,180 | 368.5 bp −$184.3K |
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 | −0.0448% | 1h | 4.8887 | −0.046% | $70K | $43K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8908 | −0.005% | $34K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.870% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0054% | 4h | 4.8970 | +0.123% | $589K | $300K | 75x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8985 | +0.153% | $706K | $654K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8962 | +0.107% | $10K | $344K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8962 | +0.107% | $10.0M | $33.6M | 50x | as long as short |
| Bybit ORDIUSDTlong | +0.0100% | 4h | 4.8910 | long leg | $4.1M | $4.3M | 50x | |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8900 | −0.020% | $5.2M | $17.7M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8970 | +0.123% | $1.2M | $2.7M | 50x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8940 | +0.061% | $6.8M | $3.2M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8916 | +0.012% | $1.0M | $789K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8940 | +0.061% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDTshort | +0.0100% | 4h | 4.8990 | +0.164% | — | $26.9M | — | |
| Variational Omni ORDI | +0.0100% | 4h | 4.8963 | +0.108% | $25K | $33K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8910 | 0.000% | $1K | $1.1M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8920 | +0.020% | $87K | $343K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8977 | +0.138% | $2K | $226K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8925 | +0.030% | $8K | — | 100x | as long as short |
MEXC ORDI_USDT
KuCoin ORDIUSDTM
Bitget ORDIUSDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]