ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.16 per $10,000 · paid last 24h +0.016%

Price spread now: BloFin against KuCoin−0.018%7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1071.071% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)+0.078%+$8 · spread now −0.018%, 7d avg +0.046%

Together, before fees+0.089%+$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 BloFin is 0.064% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.046%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ORDIUSDTM	4.9259	0.0100	pay 0.0050% / 4h	3h 20m	$973K	$844K	50x
Short	BloFin ORDI-USDT	4.9250	0.0068	get 0.0034% / 4h	3h 20m	$604K	$309K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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 KuCoinbpFee BloFinbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$6.77
Price spread: −0.018% → +0.046%: −$6.45
Slippage, 4 orders: −$83.1
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$120.32
Costs to cover: 1.071%
Break-even: never at this rate

Slippage from KuCoin: live order book, 24 min ago; BloFin: live order book, 11 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 KuCoin live order book, 24 min ago	11.38 bp	49.6 bp −$50	1057.7 bp −$10.6K	doesn't fit	doesn't fit
Sell BloFin live order book, 11 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	−0.0570%	1h	4.9192	−0.137%	$72K	$43K	25x	as long as short
Gate ORDI_USDT	−0.0482%	4h	4.9210	−0.099%	$1.3M	$2.8M	50x	as long as short
dYdX ORDI-USD	0.0000%	1h	4.9266	+0.014%	$34K	$577	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−7.530%	$776	$20K	5.5x	as long as short
BloFin ORDI-USDTshort	+0.0068%	4h	4.9250	−0.018%	$604K	$309K	75x
Hyperliquid ORDI	+0.0100%	1h	4.9308	+0.099%	$710K	$663K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.9259	0.000%	$9K	$426K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.9240	−0.039%	$10.0M	$33.9M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.9210	−0.099%	$4.2M	$4.7M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.9240	−0.039%	$5.3M	$17.8M	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ORDI_USDT	+0.0100%	4h	4.9260	+0.002%	$6.7M	$3.3M	200x	as long as short
KuCoin ORDIUSDTMlong	+0.0100%	4h	4.9259	long leg	$973K	$844K	50x
Bitget ORDIUSDT	+0.0100%	4h	4.9240	−0.039%	$2.9M	$3.5M	50x	as long as short
BingX ORDI-USDT	+0.0100%	4h	4.9240	−0.039%	—	$27.0M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.9271	+0.025%	$24K	$42K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.9240	−0.039%	$2K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.9240	−0.039%	$82K	$411K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.9252	−0.015%	$4K	$180K	5x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0240% / S −0.3359%	1h	4.9310	+0.103%	$8K	—	100x	as long as short