Funding you earn now, next payment 12:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: OKX against Extended+0.085%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$580.576% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 4 days (all we have)−0.102%−$10 · spread now +0.085%, 7d avg +0.011%
=Together, before fees−0.115%+ Points / potential airdropExtended: Active · farm board−$12 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: OKX is 0.074% dearer against Extended than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ORDI-USD | 4.7809 | 0.0104 | pay 0.0013% / 1h | 50m 19s | $3K | $223K | 5x |
| Short | OKX ORDI-USDT-SWAP | 4.7850 | 0.0100 | get 0.0050% / 4h | 50m 19s | $4.9M | $17.7M | 20x |
Extended ORDI-USD
OKX ORDI-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: +0.085% → +0.011%
- $7.44
- Slippage, 4 orders
- −$42.6
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$51
- Costs to cover
- 0.576%
- Break-even
- never at this rate
Slippage from Extended: live order book, 54 min ago; OKX: 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, 54 min ago | 2.08 bp | 16.3 bp −$16 | 144.1 bp −$1,441 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 1.05 bp | 13.8 bp −$14 | 39.1 bp −$391 | doesn't fit | doesn't fit |
ORDI on 19 exchanges
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 | −0.1244% | 1h | 4.7716 | −0.196% | $68K | $43K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.7752 | −0.120% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −4.726% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.7950 | +0.294% | $691K | $650K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.7883 | +0.154% | $9K | $258K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.7902 | +0.195% | $9.6M | $32.5M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.7810 | +0.002% | $4.0M | $4.3M | 50x | as long as short |
| OKX ORDI-USDT-SWAPshort | +0.0100% | 4h | 4.7850 | +0.085% | $4.9M | $17.7M | 20x | |
| Gate ORDI_USDT | +0.0100% | 4h | 4.7860 | +0.106% | $1.2M | $2.5M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.7890 | +0.169% | $6.7M | $2.8M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
Gate ORDI_USDT
MEXC ORDI_USDTShow all 19 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.7817 | +0.016% | $960K | $761K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.7850 | +0.085% | $2.7M | $3.3M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.7880 | +0.148% | — | $36.2M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.7772 | −0.077% | $25K | $32K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.7720 | −0.187% | $2K | $1.1M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.7780 | −0.061% | $82K | $349K | 75x | as long as short |
| Extended ORDI-USDlong | +0.0104% | 1h | 4.7809 | long leg | $3K | $223K | 5x | |
| BloFin ORDI-USDT | +0.0125% | 4h | 4.7820 | +0.022% | $570K | $277K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0238% / S −0.3359% | 1h | 4.7900 | +0.191% | $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]