Funding you earn now, next payment 06:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.015%
Price spread now: BloFin against Extended+0.211%94s7-day average +0.049% · 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—prices read too far apart to compare
costs, in and out, $10k−$580.585% of the position
Funding, last 7 days+0.035%+$4 on $10k
+Price spread, last 4 days (all we have)−0.160%−$16 · spread now +0.211%, 7d avg +0.049%
=Together, before fees−0.125%+ Points / potential airdropExtended: Active · farm board−$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.162% dearer against Extended than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.049%. The two prices were read 94 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 | Extended ORDI-USD | 4.8827 | 0.0104 | pay 0.0013% / 1h | 53m 36s | $4K | $180K | 5x |
| Short | BloFin ORDI-USDT | 4.8930 | 0.0137 | get 0.0069% / 4h | 2h 53m | $603K | $307K | 75x |
Extended ORDI-USD
BloFin ORDI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $6.98
- Price spread: +0.211% → +0.049%
- $16.19
- Slippage, 4 orders
- −$41.48
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$35.32
- Costs to cover
- 0.585%
- Break-even
- 42.4 days
Slippage from Extended: live order book, 58 min ago; BloFin: live order book, 38 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, 58 min ago | 2.21 bp | 17.4 bp −$17 | 128.1 bp −$1,281 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 38 min ago | 3.02 bp | 12.9 bp −$13 | 29.5 bp −$295 | 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 | −0.0715% | 1h | 4.8775 | −0.107% | $69K | $47K | 25x | as long as short |
| Gate ORDI_USDT | −0.0430% | 4h | 4.8820 | −0.014% | $1.3M | $2.7M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8787 | −0.083% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.712% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8915 | +0.180% | $706K | $665K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8833 | +0.012% | $7K | $427K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8840 | +0.027% | $9.9M | $33.9M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8800 | −0.055% | $4.1M | $4.7M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8830 | +0.006% | $5.2M | $17.7M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8880 | +0.108% | $6.6M | $3.3M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
Gate ORDI_USDT
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit 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 | 4.8835 | +0.016% | $974K | $822K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8820 | −0.014% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8790 | −0.076% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8856 | +0.060% | $24K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8760 | −0.137% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8770 | −0.117% | $82K | $408K | 75x | as long as short |
| Extended ORDI-USDlong | +0.0104% | 1h | 4.8827 | long leg | $4K | $180K | 5x | |
| BloFin ORDI-USDTshort | +0.0137% | 4h | 4.8930 | +0.211% | $603K | $307K | 75x | |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8782 | −0.092% | $8K | — | 100x | 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]