Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against OKX+0.125%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$500.500% of the position
Funding, last 7 days+0.008%+$1 on $10k
+Price spread, last 7 days−0.185%−$19 · spread now +0.125%, 7d avg +0.002%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.123% dearer against OKX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ORDI-USDT-SWAP | 4.8450 | 0.0100 | pay 0.0050% / 4h | 1h 31m | $5.2M | $16.2M | 20x |
| Short | Binance ORDIUSDT | 4.8511 | 0.0100 | get 0.0050% / 4h | 1h 31m | $9.9M | $30.9M | 50x |
OKX ORDI-USDT-SWAP
Binance ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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
- Price spread: +0.125% → +0.002%
- $12.31
- Slippage, 4 orders
- −$29.99
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$37.68
- Costs to cover
- 0.500%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Binance: live order book, 10 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 OKX live order book, 2 min ago | 1.03 bp | 14.1 bp −$14 | 41.0 bp −$410 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 1.03 bp | 11.6 bp −$12 | 26.5 bp −$265 | 321.0 bp −$32.1K | 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 | 4.8559 | +0.224% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −5.986% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8552 | +0.211% | $705K | $647K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8518 | +0.141% | $5K | $415K | 5x | as long as short |
| Binance ORDIUSDTshort | +0.0100% | 4h | 4.8511 | +0.125% | $9.9M | $30.9M | 50x | |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8440 | −0.021% | $4.1M | $4.2M | 50x | as long as short |
| OKX ORDI-USDT-SWAPlong | +0.0100% | 4h | 4.8450 | long leg | $5.2M | $16.2M | 20x | |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8470 | +0.041% | $1.2M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8510 | +0.124% | $7.0M | $3.2M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8532 | +0.169% | $927K | $826K | 50x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Bybit ORDIUSDT
Gate ORDI_USDT
MEXC ORDI_USDT
KuCoin ORDIUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8480 | +0.062% | $2.9M | $3.0M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.8490 | +0.083% | — | $24.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8559 | +0.226% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8480 | +0.062% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8480 | +0.062% | $88K | $362K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8551 | +0.207% | $5K | $172K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0143% | 4h | 4.8530 | +0.165% | $603K | $307K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8532 | +0.170% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.2961% | 1h | 4.8645 | +0.402% | $66K | $42K | 25x | as long as short |
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]
Kraken Futures PF_ORDIUSD