Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against BingX+0.042%7-day average +0.093% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$700.696% of the position
Funding, last 7 days−0.062%−$6 on $10k
+Price spread, last 7 days+0.094%+$9 · spread now +0.042%, 7d avg +0.093%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.051% cheaper against BingX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.093%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ORDI-USDC | 4.8090 | 0.0100 | pay 0.0050% / 4h | 1h 47m | — | $2.3M | — |
| Short | OKX ORDI-USDT-SWAP | 4.8110 | 0.0100 | get 0.0050% / 4h | 1h 47m | $5.0M | $17.3M | 20x |
BingX ORDI-USDC
OKX ORDI-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: +0.042% → +0.093%
- −$5.11
- Slippage, 4 orders
- −$49.59
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$74.7
- Costs to cover
- 0.696%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; OKX: live order book, 4 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, 4 min ago | 1.04 bp | 27.1 bp −$27 | 98.2 bp −$982 | 444.5 bp −$44.5K | 560.2 bp −$280.1K |
| Sell OKX live order book, 4 min ago | 1.04 bp | 12.6 bp −$13 | 35.6 bp −$356 | doesn't fit | doesn't fit |
ORDI on 19 exchanges
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 | −0.1164% | 1h | 4.8027 | −0.130% | $68K | $43K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8104 | +0.029% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −5.282% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0076% | 4h | 4.8130 | +0.083% | $582K | $284K | 75x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8168 | +0.162% | $695K | $641K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8148 | +0.121% | $10K | $259K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8140 | +0.104% | $9.8M | $32.2M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8090 | 0.000% | $4.0M | $4.2M | 50x | as long as short |
| OKX ORDI-USDT-SWAPshort | +0.0100% | 4h | 4.8110 | +0.042% | $5.0M | $17.3M | 20x | |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8100 | +0.021% | $1.2M | $2.6M | 50x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
Gate ORDI_USDTShow all 19 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8130 | +0.083% | $6.7M | $2.9M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8135 | +0.094% | $1.0M | $746K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8120 | +0.062% | $2.8M | $3.4M | 50x | as long as short |
| BingX ORDI-USDClong | +0.0100% | 4h | 4.8090 | long leg | — | $2.3M | — | |
| Variational Omni ORDI | +0.0100% | 4h | 4.8068 | −0.046% | $25K | $33K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8050 | −0.083% | $2K | $1.1M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8100 | +0.021% | $83K | $338K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8131 | +0.085% | $4K | $224K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0238% / S −0.3359% | 1h | 4.8100 | +0.022% | $8K | — | 100x | as long as short |
MEXC ORDI_USDT
KuCoin ORDIUSDTM
Bitget ORDIUSDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]