Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against BingX+0.062%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$390.386% of the position
Funding, last 7 days−0.054%−$5 on $10k
+Price spread, last 7 days−0.066%−$7 · spread now +0.062%, 7d avg +0.015%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.047% dearer against BingX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.015%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ORDI-USDT | 4.8740 | 0.0100 | pay 0.0050% / 4h | 17m 27s | — | $26.9M | — |
| Short | Binance ORDIUSDT | 4.8770 | 0.0100 | get 0.0050% / 4h | 17m 27s | $9.9M | $33.8M | 50x |
BingX ORDI-USDT
Binance ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BingX. 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: +0.062% → +0.015%
- $4.68
- Slippage, 4 orders
- −$18.58
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$33.9
- Costs to cover
- 0.386%
- Break-even
- never at this rate
Slippage from BingX: live order book, 11 min ago; Binance: live order book, 9 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 BingX live order book, 11 min ago | 1.03 bp | 6.7 bp −$7 | 12.8 bp −$128 | 31.9 bp −$3,188 | 360.8 bp −$180.4K |
| Sell Binance live order book, 9 min ago | 1.03 bp | 14.5 bp −$15 | 33.8 bp −$338 | 375.2 bp −$37.5K | 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 | −0.0305% | 1h | 4.8766 | +0.054% | $69K | $43K | 25x | as long as short |
| Gate ORDI_USDT | −0.0010% | 4h | 4.8710 | −0.062% | $1.2M | $2.7M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8660 | −0.164% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.545% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8822 | +0.168% | $705K | $667K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8752 | +0.025% | $10K | $386K | 5x | as long as short |
| Binance ORDIUSDTshort | +0.0100% | 4h | 4.8770 | +0.062% | $9.9M | $33.8M | 50x | |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8710 | −0.062% | $4.1M | $4.5M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8720 | −0.041% | $5.2M | $17.7M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8780 | +0.082% | $6.6M | $3.3M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
Gate ORDI_USDT
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
MEXC ORDI_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8778 | +0.078% | $1.0M | $794K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8760 | +0.041% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDTlong | +0.0100% | 4h | 4.8740 | long leg | — | $26.9M | — | |
| Variational Omni ORDI | +0.0100% | 4h | 4.8616 | −0.253% | $26K | $32K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8750 | +0.021% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8770 | +0.062% | $85K | $363K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8766 | +0.054% | $6K | $221K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0118% | 4h | 4.8840 | +0.205% | $595K | $308K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8787 | +0.097% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]