ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0142%/8h= −15.5% APRnext payment −$0.71 per $10,000 · paid last 24h −0.010%

Price spread now: Gate against Bitget−0.082%7-day average −0.026% · you buy dearer than you sell

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−$690.694% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$6 on $10k

Price spread, last 7 days+0.058%+$6 · spread now −0.082%, 7d avg −0.026%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.056% cheaper against Bitget than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.026%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ORDIUSDT	4.8680	0.0100	pay 0.0050% / 4h	21m 40s	$2.8M	$3.5M	50x
Short	Gate ORDI_USDT	4.8640	−0.0042	pay 0.0021% / 4h	21m 40s	$1.2M	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee GatebpOrdersPrice spread, now −0.082%Rate

Funding earned: −$29.82
Price spread: −0.082% → −0.026%: −$5.58
Slippage, 4 orders: −$42.37
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$104.77
Costs to cover: 0.694%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Gate: 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	1.03 bp	10.6 bp −$11	26.6 bp −$266	doesn't fit	doesn't fit
Sell Gate live order book, 1 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	−0.0306%	1h	4.8591	−0.183%	$69K	$43K	25x	as long as short
Gate ORDI_USDTshort	−0.0042%	4h	4.8640	−0.082%	$1.2M	$2.7M	50x
dYdX ORDI-USD	0.0000%	1h	4.8678	−0.004%	$33K	$577	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−6.430%	$776	$20K	5.5x	as long as short
Hyperliquid ORDI	+0.0100%	1h	4.8726	+0.094%	$703K	$667K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.8672	−0.017%	$10K	$386K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.8680	0.000%	$9.9M	$33.9M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.8670	−0.021%	$4.1M	$4.5M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.8640	−0.082%	$5.2M	$17.7M	20x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	4.8690	+0.021%	$6.6M	$3.3M	200x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ORDIUSDTM	+0.0100%	4h	4.8679	−0.002%	$1.0M	$794K	50x	as long as short
Bitget ORDIUSDTlong	+0.0100%	4h	4.8680	long leg	$2.8M	$3.5M	50x
BingX ORDI-USDC	+0.0100%	4h	4.8630	−0.103%	—	$2.3M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.8601	−0.162%	$26K	$33K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8600	−0.164%	$2K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.8630	−0.103%	$84K	$363K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.8667	−0.027%	$5K	$221K	5x	as long as short
BloFin ORDI-USDT	+0.0126%	4h	4.8650	−0.062%	$595K	$307K	75x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0239% / S −0.3359%	1h	4.8641	−0.080%	$8K	—	100x	as long as short