Funding you earn now, next payment 08:00 UTC−0.0118%/8h= −12.9% APRnext payment −$0.59 per $10,000 · paid last 24h −0.010%
Price spread now: Gate against BingX+0.041%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$890.893% of the position
Funding, last 7 days−0.065%−$6 on $10k
+Price spread, last 7 days+0.074%+$7 · spread now +0.041%, 7d avg +0.078%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.037% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.078%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ORDI-USDC | 4.8700 | 0.0100 | pay 0.0050% / 4h | 18m 24s | — | $2.3M | — |
| Short | Gate ORDI_USDT | 4.8720 | −0.0018 | pay 0.0009% / 4h | 18m 24s | $1.2M | $2.7M | 50x |
BingX ORDI-USDC
Gate ORDI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$24.78
- Price spread: +0.041% → +0.078%
- −$3.67
- Slippage, 4 orders
- −$64.25
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$117.7
- Costs to cover
- 0.893%
- Break-even
- never at this rate
Slippage from BingX: live order book, 5 min ago; Gate: live order book, 5 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, 5 min ago | 2.05 bp | 19.0 bp −$19 | 144.1 bp −$1,441 | 454.4 bp −$45.4K | 521.9 bp −$260.9K |
| Sell Gate live order book, 5 min ago | 2.06 bp | 15.4 bp −$15 | 75.0 bp −$750 | 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 | −0.0304% | 1h | 4.8786 | +0.177% | $69K | $43K | 25x | as long as short |
| Gate ORDI_USDTshort | −0.0018% | 4h | 4.8720 | +0.041% | $1.2M | $2.7M | 50x | |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8710 | +0.021% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.468% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8868 | +0.345% | $705K | $667K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8778 | +0.161% | $10K | $386K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8815 | +0.235% | $9.9M | $33.8M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8790 | +0.185% | $4.1M | $4.5M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8790 | +0.185% | $5.2M | $17.7M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8810 | +0.226% | $6.6M | $3.3M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Binance 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 | 4.8800 | +0.205% | $1.0M | $794K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8810 | +0.226% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDClong | +0.0100% | 4h | 4.8700 | long leg | — | $2.3M | — | |
| Variational Omni ORDI | +0.0100% | 4h | 4.8616 | −0.171% | $26K | $32K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8750 | +0.103% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8790 | +0.185% | $85K | $363K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8801 | +0.208% | $6K | $221K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0118% | 4h | 4.8840 | +0.287% | $595K | $308K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8787 | +0.180% | $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]