Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Binance against Extended+0.222%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$550.548% of the position
Funding, last 7 days−0.005%−$1 on $10k
+Price spread, last 4 days (all we have)−0.166%−$17 · spread now +0.222%, 7d avg +0.040%
=Together, before fees−0.171%+ Points / potential airdropExtended: Active · farm board−$17 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: Binance is 0.182% dearer against Extended than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.040%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ORDI-USD | 4.9659 | 0.0104 | pay 0.0013% / 1h | 12m 07s | $4K | $192K | 5x |
| Short | Binance ORDIUSDT | 4.9769 | 0.0100 | get 0.0050% / 4h | 3h 12m | $10.3M | $31.8M | 50x |
Extended ORDI-USD
Binance ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Extended. 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: +0.222% → +0.040%
- $18.2
- Slippage, 4 orders
- −$39.75
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$37.4
- Costs to cover
- 0.548%
- Break-even
- never at this rate
Slippage from Extended: live order book, 59 min ago; Binance: live order book, 14 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 Extended live order book, 59 min ago | 2.06 bp | 16.1 bp −$16 | 161.0 bp −$1,610 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 1.01 bp | 12.0 bp −$12 | 29.6 bp −$296 | 312.0 bp −$31.2K | 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 | 4.9652 | −0.015% | $34K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −8.274% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.9833 | +0.350% | $721K | $650K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9695 | +0.072% | $3K | $422K | 5x | as long as short |
| Binance ORDIUSDTshort | +0.0100% | 4h | 4.9769 | +0.222% | $10.3M | $31.8M | 50x | |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.9760 | +0.203% | $4.2M | $4.3M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9820 | +0.324% | $5.5M | $17.1M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.9710 | +0.103% | $1.3M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9740 | +0.163% | $7.2M | $3.4M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.9683 | +0.048% | $941K | $825K | 50x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
MEXC ORDI_USDT
KuCoin ORDIUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9750 | +0.183% | $2.9M | $3.1M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.9750 | +0.183% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.9437 | −0.446% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.9570 | −0.179% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9600 | −0.119% | $90K | $348K | 75x | as long as short |
| Extended ORDI-USDlong | +0.0104% | 1h | 4.9659 | long leg | $4K | $192K | 5x | |
| BloFin ORDI-USDT | +0.0109% | 4h | 4.9620 | −0.078% | $611K | $315K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.9614 | −0.090% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.2914% | 1h | 4.9824 | +0.332% | $67K | $39K | 25x | as long as short |
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]
Kraken Futures PF_ORDIUSD