Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Bitget−0.123%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$750.754% of the position
Funding, last 7 days−0.112%−$11 on $10k
+Price spread, last 7 days+0.156%+$16 · spread now −0.123%, 7d avg −0.025%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.098% cheaper against Bitget than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.025%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ORDIUSDT | 4.8730 | 0.0100 | pay 0.0050% / 4h | 1h 16m | $2.9M | $3.0M | 50x |
| Short | Bybit ORDIUSDT | 4.8670 | 0.0100 | get 0.0050% / 4h | 1h 16m | $4.1M | $4.2M | 50x |
Bitget ORDIUSDT
Bybit ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Bitget. 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: −0.123% → −0.025%
- −$9.82
- Slippage, 4 orders
- −$52.45
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$85.27
- Costs to cover
- 0.754%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; Bybit: live order book, 1 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 Bitget live order book, 1 min ago | 2.06 bp | 16.7 bp −$17 | 34.9 bp −$349 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.09 bp | 23.9 bp −$24 | 66.7 bp −$667 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ORDI-USD | 0.0000% | 1h | 4.8661 | −0.141% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.526% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0094% | 4h | 4.8550 | −0.369% | $603K | $307K | 75x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8709 | −0.043% | $707K | $648K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8600 | −0.266% | $5K | $416K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8735 | +0.010% | $10.0M | $30.9M | 50x | as long as short |
| Bybit ORDIUSDTshort | +0.0100% | 4h | 4.8670 | −0.123% | $4.1M | $4.2M | 50x | |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8680 | −0.103% | $5.3M | $16.3M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8710 | −0.041% | $1.3M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8720 | −0.021% | $7.0M | $3.3M | 200x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
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 | 4.8610 | −0.246% | $929K | $826K | 50x | as long as short |
| Bitget ORDIUSDTlong | +0.0100% | 4h | 4.8730 | long leg | $2.9M | $3.0M | 50x | |
| BingX ORDI-USDT | +0.0100% | 4h | 4.8610 | −0.246% | — | $24.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8579 | −0.310% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8500 | −0.472% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8530 | −0.410% | $88K | $362K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8725 | −0.009% | $5K | $172K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8553 | −0.364% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.2958% | 1h | 4.8708 | −0.046% | $66K | $42K | 25x | as long as short |
KuCoin ORDIUSDTM
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]
Kraken Futures PF_ORDIUSD