Funding you earn now, next payment 00:00 UTC−0.0057%/8h= −6.3% APRnext payment −$0.29 per $10,000 · paid last 24h +0.015%
Price spread now: BloFin against Bybit+0.082%7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$640.639% of the position
Funding, last 7 days+0.102%+$10 on $10k
+Price spread, last 3 days (all we have)−0.048%−$5 · spread now +0.082%, 7d avg +0.071%
=The price spread sits at its 7-day average of +0.071%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.102%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ORDIUSDT | 4.9000 | 0.0100 | pay 0.0050% / 4h | 46m 47s | $4.1M | $4.2M | 50x |
| Short | BloFin ORDI-USDT | 4.9040 | 0.0043 | get 0.0021% / 4h | 46m 47s | $610K | $310K | 75x |
Bybit ORDIUSDT
BloFin ORDI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$12.05
- Price spread: +0.082% → +0.071%
- $1.03
- Slippage, 4 orders
- −$40.94
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$74.97
- Costs to cover
- 0.639%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; BloFin: live order book, 30 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, 1 min ago | 1.02 bp | 17.9 bp −$18 | 70.7 bp −$707 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 30 min ago | 1.03 bp | 10.4 bp −$10 | 31.7 bp −$317 | 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 | 4.8989 | −0.023% | $34K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.041% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDTshort | +0.0043% | 4h | 4.9040 | +0.082% | $610K | $310K | 75x | |
| Hyperliquid ORDI | +0.0100% | 1h | 4.9115 | +0.235% | $713K | $650K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9051 | +0.104% | $4K | $419K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9075 | +0.154% | $10.1M | $31.2M | 50x | as long as short |
| Bybit ORDIUSDTlong | +0.0100% | 4h | 4.9000 | long leg | $4.1M | $4.2M | 50x | |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9060 | +0.122% | $5.3M | $16.6M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.9010 | +0.020% | $1.3M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9040 | +0.082% | $7.1M | $3.3M | 200x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Binance 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 | 4.9021 | +0.043% | $940K | $819K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9050 | +0.102% | $2.9M | $3.0M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.9030 | +0.061% | — | $24.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.9029 | +0.059% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8960 | −0.082% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8980 | −0.041% | $89K | $355K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9025 | +0.051% | $5K | $172K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.9000 | +0.001% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.3015% | 1h | 4.9147 | +0.300% | $66K | $43K | 25x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]
Kraken Futures PF_ORDIUSD