Funding you earn now, next payment 08:00 UTC+0.0398%/8h= +43.6% APRnext payment +$1.99 per $10,000 · paid last 24h +0.010%
Price spread now: Bitget against Gate+0.103%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$760.757% of the position
Funding, last 7 days+0.065%+$6 on $10k
+Price spread, last 7 days−0.071%−$7 · spread now +0.103%, 7d avg +0.026%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Bitget is 0.077% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.026%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.065% in total (about 3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.99 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ORDI_USDT | 4.8360 | −0.0298 | get 0.0149% / 4h | 2h 41m | $1.3M | $2.7M | 50x |
| Short | Bitget ORDIUSDT | 4.8410 | 0.0100 | get 0.0050% / 4h | 2h 41m | $2.8M | $3.5M | 50x |
Gate ORDI_USDT
Bitget ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Gate. 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
- $83.58
- Price spread: +0.103% → +0.026%
- $7.7
- Slippage, 4 orders
- −$48.67
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $15.62
- Costs to cover
- 0.757%
- Break-even
- 5.7 days
Slippage from Gate: live order book, 1 min ago; Bitget: 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 Gate live order book, 1 min ago | 2.06 bp | 20.6 bp −$21 | 284.3 bp −$2,843 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 3.10 bp | 14.4 bp −$14 | 35.5 bp −$355 | 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 | −0.0722% | 1h | 4.8352 | −0.016% | $69K | $47K | 25x | as long as short |
| Gate ORDI_USDTlong | −0.0298% | 4h | 4.8360 | long leg | $1.3M | $2.7M | 50x | |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8495 | +0.280% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −5.811% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8466 | +0.219% | $699K | $665K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8424 | +0.133% | $7K | $427K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8412 | +0.107% | $9.9M | $33.9M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8350 | −0.021% | $4.1M | $4.7M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8370 | +0.021% | $5.2M | $17.6M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8420 | +0.124% | $6.5M | $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 | 4.8416 | +0.116% | $967K | $821K | 50x | as long as short |
| Bitget ORDIUSDTshort | +0.0100% | 4h | 4.8410 | +0.103% | $2.8M | $3.5M | 50x | |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8370 | +0.021% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8606 | +0.510% | $24K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8450 | +0.186% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8350 | −0.021% | $84K | $427K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8412 | +0.108% | $2K | $180K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0107% | 4h | 4.8510 | +0.310% | $595K | $297K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8362 | +0.005% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]