Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Bybit+0.042%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$770.772% of the position
Funding, last 7 days+0.061%+$6 on $10k
+Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.042%, 7d avg +0.016%
=Together, before fees+0.001%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.026% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ORDIUSDT | 4.8950 | 0.0100 | pay 0.0050% / 4h | 1h 34m | $4.2M | $4.5M | 50x |
| Short | Extended ORDI-USD | 4.8970 | 0.0104 | get 0.0013% / 1h | 34m 37s | $3K | $195K | 5x |
Bybit ORDIUSDT
Extended ORDI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $0.84
- Price spread: +0.042% → +0.016%
- $2.57
- Slippage, 4 orders
- −$61.23
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$73.82
- Costs to cover
- 0.772%
- Break-even
- 622.2 days
Slippage from Bybit: live order book, 3 min ago; Extended: live order book, 27 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 | 2.05 bp | 25.2 bp −$25 | 72.5 bp −$725 | doesn't fit | doesn't fit |
| Sell Extended live order book, 27 min ago | 2.35 bp | 16.0 bp −$16 | 111.9 bp −$1,119 | 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 | −0.0349% | 1h | 4.9049 | +0.202% | $72K | $46K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8920 | −0.061% | $34K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.946% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0072% | 4h | 4.9090 | +0.286% | $612K | $306K | 75x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9026 | +0.155% | $12K | $427K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8982 | +0.066% | $10.0M | $33.4M | 50x | as long as short |
| Bybit ORDIUSDTlong | +0.0100% | 4h | 4.8950 | long leg | $4.2M | $4.5M | 50x | |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8960 | +0.020% | $5.3M | $17.5M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8950 | 0.000% | $1.3M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8960 | +0.020% | $7.0M | $3.3M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
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 | 4.8973 | +0.047% | $960K | $869K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8970 | +0.041% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8940 | −0.020% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8955 | +0.011% | $24K | $55K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8960 | +0.020% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8990 | +0.082% | $81K | $393K | 75x | as long as short |
| Extended ORDI-USDshort | +0.0104% | 1h | 4.8970 | +0.042% | $3K | $195K | 5x | |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.9028 | +0.159% | $8K | — | 100x | as long as short |
| Hyperliquid ORDI | +0.0284% | 1h | 4.9027 | +0.157% | $707K | $661K | 3x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]
Hyperliquid ORDI