Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Bybit against Extended−0.095%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$760.765% of the position
Funding, last 7 days−0.063%−$6 on $10k
+Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.095%, 7d avg −0.014%
=Together, before fees+0.053%+ Points / potential airdropExtended: Active · farm board+$5 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: Bybit is 0.080% cheaper against Extended than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ORDI-USD | 4.9126 | 0.0104 | pay 0.0013% / 1h | 53m 56s | $5K | $172K | 5x |
| Short | Bybit ORDIUSDT | 4.9080 | 0.0100 | get 0.0050% / 4h | 53m 56s | $4.1M | $4.2M | 50x |
Extended ORDI-USD
Bybit ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.095% → −0.014%
- −$8.02
- Slippage, 4 orders
- −$60.45
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$85.31
- Costs to cover
- 0.765%
- Break-even
- never at this rate
Slippage from Extended: live order book, 22 min ago; Bybit: live order book, 4 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, 22 min ago | 2.77 bp | 16.5 bp −$16 | 143.2 bp −$1,432 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.02 bp | 18.8 bp −$19 | 74.3 bp −$743 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ORDI-USD | 0.0000% | 1h | 4.9038 | −0.180% | $34K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.280% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0080% | 4h | 4.9150 | +0.048% | $608K | $311K | 75x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.9171 | +0.091% | $714K | $650K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9122 | −0.008% | $4K | $419K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9121 | −0.012% | $10.1M | $31.2M | 50x | as long as short |
| Bybit ORDIUSDTshort | +0.0100% | 4h | 4.9080 | −0.095% | $4.1M | $4.2M | 50x | |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9060 | −0.135% | $5.3M | $16.6M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.9070 | −0.115% | $1.3M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9120 | −0.013% | $7.1M | $3.3M | 200x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Hyperliquid ORDI
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 | 4.9104 | −0.046% | $942K | $831K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9110 | −0.034% | $2.9M | $3.0M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.9100 | −0.054% | — | $24.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.9038 | −0.180% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.9050 | −0.156% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9040 | −0.176% | $89K | $355K | 75x | as long as short |
| Extended ORDI-USDlong | +0.0104% | 1h | 4.9126 | long leg | $5K | $172K | 5x | |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.9113 | −0.028% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.3007% | 1h | 4.9282 | +0.316% | $66K | $43K | 25x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]
Kraken Futures PF_ORDIUSD