ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.05 per $10,000 · paid last 24h +0.012%

Price spread now: BloFin against OKX+0.123%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$580.579% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.123%, 7d avg +0.040%

Together, before fees+0.038%+$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.083% dearer against OKX than usual: you sell high and buy low (spread +0.123% now, against its 7-day average of +0.040%): +$8 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 29 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ORDI-USDT-SWAP	4.8790	0.0100	pay 0.0050% / 4h	1h 12m	$5.2M	$17.5M	20x
Short	BloFin ORDI-USDT	4.8850	0.0091	get 0.0045% / 4h	1h 12m	$606K	$304K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against OKX. 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 OKXbpFee BloFinbpOrdersPrice spread, now +0.123%Rate

Funding earned: −$1.98
Price spread: +0.123% → +0.040%: $8.33
Slippage, 4 orders: −$35.89
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$51.54
Costs to cover: 0.579%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; BloFin: live order book, 27 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, 1 min ago	1.02 bp	14.0 bp −$14	41.4 bp −$414	doesn't fit	doesn't fit
Sell BloFin live order book, 27 min ago	2.05 bp	9.5 bp −$9	34.2 bp −$342	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	−0.0351%	1h	4.8787	−0.006%	$72K	$45K	25x	as long as short
dYdX ORDI-USD	0.0000%	1h	4.8835	+0.093%	$33K	$651	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−6.641%	$776	$20K	5.5x	as long as short
BloFin ORDI-USDTshort	+0.0091%	4h	4.8850	+0.123%	$606K	$304K	75x
Aster ORDIUSDT	+0.0100%	4h	4.8848	+0.118%	$13K	$428K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.8820	+0.061%	$10.0M	$33.6M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.8800	+0.020%	$4.2M	$4.6M	50x	as long as short
OKX ORDI-USDT-SWAPlong	+0.0100%	4h	4.8790	long leg	$5.2M	$17.5M	20x
Gate ORDI_USDT	+0.0100%	4h	4.8830	+0.082%	$1.3M	$2.8M	50x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	4.8810	+0.041%	$7.0M	$3.4M	200x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ORDIUSDTM	+0.0100%	4h	4.8823	+0.068%	$980K	$878K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.8810	+0.041%	$2.9M	$3.5M	50x	as long as short
BingX ORDI-USDC	+0.0100%	4h	4.8790	0.000%	—	$2.3M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.8915	+0.257%	$24K	$55K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8840	+0.102%	$1K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.8800	+0.020%	$81K	$394K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.8822	+0.065%	$3K	$189K	5x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0239% / S −0.3359%	1h	4.8844	+0.110%	$8K	—	100x	as long as short
Hyperliquid ORDI	+0.0251%	1h	4.8907	+0.240%	$705K	$662K	3x	as long as short