Funding you earn now, next payment 08:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h −0.011%
Price spread now: Gate against Extended−0.031%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$750.752% of the position
Funding, last 7 days−0.016%−$2 on $10k
+Price spread, last 4 days (all we have)+0.105%+$11 · spread now −0.031%, 7d avg −0.011%
=Together, before fees+0.089%+ Points / potential airdropExtended: Active · farm board+$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.020% cheaper against Extended than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.011%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ORDI-USD | 4.8845 | 0.0104 | pay 0.0013% / 1h | 1m 20s | $2K | $222K | 5x |
| Short | Gate ORDI_USDT | 4.8830 | 0.0068 | get 0.0034% / 4h | 1m 20s | $1.2M | $2.7M | 50x |
Extended ORDI-USD
Gate ORDI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$7.56
- Price spread: −0.031% → −0.011%
- −$2.01
- Slippage, 4 orders
- −$55.18
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$84.75
- Costs to cover
- 0.752%
- Break-even
- never at this rate
Slippage from Extended: live order book, 35 min ago; Gate: live order book, 1 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, 35 min ago | 3.60 bp | 17.6 bp −$18 | 151.2 bp −$1,512 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 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 | −0.107% | $69K | $43K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8806 | −0.081% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.746% | $776 | $20K | 5.5x | as long as short |
| Gate ORDI_USDTshort | +0.0068% | 4h | 4.8830 | −0.031% | $1.2M | $2.7M | 50x | |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8938 | +0.190% | $705K | $668K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8877 | +0.066% | $10K | $347K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8884 | +0.079% | $10.0M | $33.8M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8850 | +0.010% | $4.1M | $4.5M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8830 | −0.031% | $5.2M | $17.8M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8850 | +0.010% | $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
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 | 4.8839 | −0.013% | $1.0M | $793K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8820 | −0.051% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.8830 | −0.031% | — | $26.9M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8763 | −0.167% | $26K | $32K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8750 | −0.195% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8730 | −0.236% | $85K | $338K | 75x | as long as short |
| Extended ORDI-USDlong | +0.0104% | 1h | 4.8845 | long leg | $2K | $222K | 5x | |
| BloFin ORDI-USDT | +0.0134% | 4h | 4.8910 | +0.133% | $594K | $307K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.8834 | −0.024% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]