Funding you earn now, next payment 08:00 UTC+0.0509%/8h= +55.7% APRnext payment +$2.54 per $10,000 · paid last 24h +0.025%
Price spread now: BloFin against Gate+0.266%63s7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$690.686% of the position
Funding, last 7 days+0.052%+$5 on $10k
+Price spread, last 4 days (all we have)−0.184%−$18 · spread now +0.266%, 7d avg +0.066%
=Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and BloFin is 0.200% dearer against Gate than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.066%. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.052% in total (about 2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.54 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 | 4.8900 | −0.0462 | get 0.0231% / 4h | 2h 55m | $1.3M | $2.7M | 50x |
| Short | BloFin ORDI-USDT | 4.9030 | 0.0047 | get 0.0023% / 4h | 2h 55m | $603K | $308K | 75x |
Gate ORDI_USDT
BloFin ORDI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $106.83
- Price spread: +0.266% → +0.066%
- $20.03
- Slippage, 4 orders
- −$41.58
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $58.28
- Costs to cover
- 0.686%
- Break-even
- 3.2 days
Slippage from Gate: live order book, 2 min ago; BloFin: live order book, 35 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 | 2.05 bp | 22.0 bp −$22 | 508.4 bp −$5,084 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 35 min ago | 3.02 bp | 12.9 bp −$13 | 29.5 bp −$295 | 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 | −0.0714% | 1h | 4.8877 | −0.048% | $69K | $47K | 25x | as long as short |
| Gate ORDI_USDTlong | −0.0462% | 4h | 4.8900 | long leg | $1.3M | $2.7M | 50x | |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8920 | +0.041% | $34K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.851% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDTshort | +0.0047% | 4h | 4.9030 | +0.266% | $603K | $308K | 75x | |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8959 | +0.121% | $706K | $665K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8937 | +0.076% | $7K | $427K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8921 | +0.043% | $10.0M | $34.0M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8860 | −0.082% | $4.1M | $4.7M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8880 | −0.041% | $5.2M | $17.7M | 20x | 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-SWAPShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8900 | 0.000% | $6.6M | $3.3M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8912 | +0.025% | $975K | $828K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8910 | +0.020% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.8880 | −0.041% | — | $26.9M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8856 | −0.089% | $24K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8870 | −0.061% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8900 | 0.000% | $82K | $408K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8910 | +0.021% | $4K | $180K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8888 | −0.025% | $8K | — | 100x | as long as short |
MEXC ORDI_USDT
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]