Funding arb · Price arb /

ORDI

all ORDI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%

Price spread now: Binance against Gate+0.050%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$620.616% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 7 days−0.091%−$9 · spread now +0.050%, 7d avg +0.024%

Together, before fees−0.075%−$7 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 0.026% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ORDI_USDT	4.8570	0.0100	pay 0.0050% / 4h	6m 21s	$1.3M	$2.8M	50x
Short	Binance ORDIUSDT	4.8594	0.0100	get 0.0050% / 4h	6m 21s	$9.9M	$31.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BinancebpOrdersPrice spread, now +0.050%Rate

Funding earned: $0
Price spread: +0.050% → +0.024%: $2.62
Slippage, 4 orders: −$36.64
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$59.02
Costs to cover: 0.616%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Binance: live order book, 5 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 Gate live order book, 2 min ago	3.09 bp	17.8 bp −$18	167.2 bp −$1,672	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	1.03 bp	11.6 bp −$12	24.4 bp −$244	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	4.8568	−0.004%	$33K	$651	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−6.218%	$776	$20K	5.5x	as long as short
Hyperliquid ORDI	+0.0100%	1h	4.8663	+0.191%	$707K	$653K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.8594	+0.050%	$4K	$420K	5x	as long as short
Binance ORDIUSDTshort	+0.0100%	4h	4.8594	+0.050%	$9.9M	$31.5M	50x
Bybit ORDIUSDT	+0.0100%	4h	4.8570	0.000%	$4.1M	$4.2M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.8550	−0.041%	$5.3M	$16.5M	20x	as long as short
Gate ORDI_USDTlong	+0.0100%	4h	4.8570	long leg	$1.3M	$2.8M	50x
MEXC ORDI_USDT	+0.0100%	4h	4.8590	+0.041%	$7.0M	$3.3M	200x	as long as short
KuCoin ORDIUSDTM	+0.0100%	4h	4.8584	+0.029%	$939K	$812K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ORDIUSDT	+0.0100%	4h	4.8580	+0.021%	$2.9M	$3.0M	50x	as long as short
BingX ORDI-USDC	+0.0100%	4h	4.8580	+0.021%	—	$2.3M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.8528	−0.086%	$24K	$56K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8510	−0.124%	$907	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.8530	−0.082%	$88K	$355K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.8583	+0.028%	$5K	$172K	5x	as long as short
BloFin ORDI-USDT	+0.0154%	4h	4.8610	+0.082%	$602K	$308K	75x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0239% / S −0.3359%	1h	4.8544	−0.053%	$8K	—	100x	as long as short
Kraken Futures PF_ORDIUSD	+0.3041%	1h	4.8722	+0.314%	$65K	$43K	25x	as long as short