Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.16 per $10,000 · paid last 24h −0.010%
Price spread now: Gate against Bybit0.000%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$830.832% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 7 days+0.057%+$6 · spread now 0.000%, 7d avg +0.003%
=The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ORDIUSDT | 4.8850 | 0.0100 | pay 0.0050% / 4h | 0m 48s | $4.1M | $4.5M | 50x |
| Short | Gate ORDI_USDT | 4.8850 | 0.0068 | get 0.0034% / 4h | 0m 48s | $1.2M | $2.7M | 50x |
Bybit ORDIUSDT
Gate ORDI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$6.72
- Price spread: 0.000% → +0.003%
- −$0.31
- Slippage, 4 orders
- −$57.22
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$90.25
- Costs to cover
- 0.832%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Gate: live order book, 2 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, 2 min ago | 4.10 bp | 20.8 bp −$21 | 73.5 bp −$735 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 3.07 bp | 17.1 bp −$17 | 79.0 bp −$790 | 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 | −0.0304% | 1h | 4.8793 | −0.117% | $69K | $43K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8806 | −0.091% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.755% | $776 | $20K | 5.5x | as long as short |
| Gate ORDI_USDTshort | +0.0068% | 4h | 4.8850 | 0.000% | $1.2M | $2.7M | 50x | |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8920 | +0.143% | $705K | $668K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8863 | +0.026% | $10K | $347K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8872 | +0.045% | $10.0M | $33.8M | 50x | as long as short |
| Bybit ORDIUSDTlong | +0.0100% | 4h | 4.8850 | long leg | $4.1M | $4.5M | 50x | |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8860 | +0.020% | $5.2M | $17.8M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8860 | +0.020% | $6.6M | $3.3M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
OKX ORDI-USDT-SWAP
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 | 4.8892 | +0.086% | $1.0M | $793K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8860 | +0.020% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.8840 | −0.020% | — | $26.9M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8793 | −0.116% | $26K | $32K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8750 | −0.205% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8730 | −0.246% | $85K | $338K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8853 | +0.005% | $2K | $222K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0134% | 4h | 4.8910 | +0.123% | $594K | $307K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.8834 | −0.034% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]