Funding you earn now, next payment 12:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: dYdX against Bybit+0.004%50s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ORDIUSDT | 4.7750 | 0.0100 | pay 0.0050% / 4h | 49m 54s | $4.0M | $4.3M | 50x |
| Short | dYdX ORDI-USD | 4.7752 | 0 | get 0.0000% / 1h | 49m 54s | $33K | $577 | 5x |
Bybit ORDIUSDT
dYdX ORDI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$21
- Price spread: +0.004% → 0.000%
- $0.44
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$41.56
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 1 min ago; dYdX: no order-book sample. Net counts fees only.
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 | 3.13 bp | 20.6 bp −$21 | 70.9 bp −$709 | doesn't fit | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ORDI on 19 exchanges
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 | −0.1244% | 1h | 4.7707 | −0.089% | $68K | $43K | 25x | as long as short |
| dYdX ORDI-USDshort | 0.0000% | 1h | 4.7752 | +0.004% | $33K | $577 | 5x | |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −4.607% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.7787 | +0.077% | $689K | $651K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.7773 | +0.048% | $9K | $258K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.7774 | +0.049% | $9.6M | $32.5M | 50x | as long as short |
| Bybit ORDIUSDTlong | +0.0100% | 4h | 4.7750 | long leg | $4.0M | $4.3M | 50x | |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.7730 | −0.042% | $4.9M | $17.7M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.7730 | −0.042% | $1.2M | $2.6M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.7780 | +0.063% | $6.7M | $2.8M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
MEXC ORDI_USDTShow all 19 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.7771 | +0.044% | $959K | $761K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.7740 | −0.021% | $2.7M | $3.3M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.7700 | −0.105% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.7772 | +0.047% | $25K | $32K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.7750 | 0.000% | $2K | $1.1M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.7690 | −0.126% | $82K | $349K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.7774 | +0.051% | $3K | $223K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0125% | 4h | 4.7820 | +0.147% | $570K | $277K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0238% / S −0.3359% | 1h | 4.7900 | +0.315% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]