ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.12 per $10,000 · paid last 24h −0.012%

Price spread now: Binance against BloFin0.000%61s7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$520.525% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now 0.000%, 7d avg −0.014%

Together, before fees−0.111%−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ORDI-USDT	4.9000	0.0076	pay 0.0038% / 4h	1h 28m	$610K	$305K	75x
Short	Binance ORDIUSDT	4.9000	0.0100	get 0.0050% / 4h	1h 28m	$10.0M	$33.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now 0.000%Rate

Funding earned: $5.02
Price spread: 0.000% → −0.014%: $1.43
Slippage, 4 orders: −$30.49
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$46.05
Costs to cover: 0.525%
Break-even: 71.3 days

Slippage from BloFin: live order book, 11 min ago; Binance: live order book, 13 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 BloFin live order book, 11 min ago	2.05 bp	18.6 bp −$19	46.2 bp −$462	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	1.02 bp	13.2 bp −$13	33.3 bp −$333	316.3 bp −$31.6K	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	−0.0350%	1h	4.8931	−0.141%	$72K	$46K	25x	as long as short
dYdX ORDI-USD	0.0000%	1h	4.8995	−0.010%	$34K	$651	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−7.041%	$776	$20K	5.5x	as long as short
BloFin ORDI-USDTlong	+0.0076%	4h	4.9000	long leg	$610K	$305K	75x
Aster ORDIUSDT	+0.0100%	4h	4.9001	+0.001%	$12K	$427K	5x	as long as short
Binance ORDIUSDTshort	+0.0100%	4h	4.9000	0.000%	$10.0M	$33.4M	50x
Bybit ORDIUSDT	+0.0100%	4h	4.8960	−0.082%	$4.2M	$4.5M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.8950	−0.102%	$5.3M	$17.4M	20x	as long as short
Gate ORDI_USDT	+0.0100%	4h	4.9010	+0.020%	$1.3M	$2.7M	50x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	4.8980	−0.041%	$7.0M	$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	4.9002	+0.004%	$961K	$869K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.8980	−0.041%	$2.9M	$3.5M	50x	as long as short
BingX ORDI-USDT	+0.0100%	4h	4.8980	−0.041%	—	$27.1M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.9130	+0.265%	$24K	$55K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8900	−0.204%	$987	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.8920	−0.163%	$81K	$393K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.8987	−0.027%	$3K	$189K	5x	as long as short
Hyperliquid ORDI	+0.0236%	1h	4.9049	+0.100%	$708K	$661K	3x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0239% / S −0.3359%	1h	4.8958	−0.086%	$8K	—	100x	as long as short