data as of
Settings8H · net · $10k
Funding arb /

ORDI

all ORDI markets
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Funding spread now, next payment 20:00 UTC−0.0348%/8h
next payment, per $10,000$1.74paid, last 24h−0.009%paid, last 7 days−0.015%to open and close $10k−$65
The current rate is far above what this pair has been paying: over the last 7 days it paid -0.015% in total (about -0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about $1.74 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ORDIUSDT4.90770.0100pay 0.0050% / 4h3h 52m$9.8M$22.4M50x
ShortGate ORDI_USDT4.9010−0.0248pay 0.0124% / 4h3h 52m$1.2M$2.1M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$73.08
Slippage, 4 orders
−$40.18
Fee Binance: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$138.26
Break-even
never at this rate
Slippage from Binance: live order book, 5 min ago; Gate: live order book, 2 min ago.

Price risk

price view
Price gap now
−0.136%
Avg gap 7d
−0.018%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 5 min ago1.02 bp10.6 bp −$1126.1 bp −$261doesn't fitdoesn't fit
Sell Gate live order book, 2 min ago2.04 bp24.2 bp −$24164.4 bp −$1,644doesn't fitdoesn't fit

ORDI on 19 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate ORDI_USDTshort−0.0248%4h$1.2M$2.1M50x
dYdX ORDI-USD0.0000%1h$34K$3565xas long as short
Injective ORDI/USDC PERP+0.0033%1h$776$73K5.5xas long as short
BloFin ORDI-USDT+0.0053%4h$631K$292K75xas long as short
Hyperliquid ORDI+0.0100%1h$598K$298K3xas long as short
Aster ORDIUSDT+0.0100%4h$13K$327K5xas long as short
Binance ORDIUSDTlong+0.0100%4h$9.8M$22.4M50x
Bybit ORDIUSDT+0.0100%4h$4.1M$3.1M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h$5.3M$11.6M20xas long as short
MEXC ORDI_USDT+0.0100%4h$7.4M$2.9M200xas long as short
Show all 19 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
KuCoin ORDIUSDTM+0.0100%4h$973K$564K50xas long as short
Bitget ORDIUSDT+0.0100%4h$2.9M$2.4M50xas long as short
BingX ORDI-USDC+0.0100%4h$2.3Mas long as short
Variational Omni ORDI+0.0100%4h$29K$53Kas long as short
SunX ORDI-USDT+0.0100%4h$1K$1.0M20xas long as short
HTX ORDI-USDT+0.0100%4h$92K$276K75xas long as short
Extended ORDI-USD+0.0104%1h$5K$172K5xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0240% / S −0.1679%1h$9K100xas long as short
Kraken Futures PF_ORDIUSD+0.1462%1h$68K$21K25xas long as short