Funding you earn now, next payment 08:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.14 per $10,000 · paid last 24h −0.016%
Price spread now: Bitget against BloFin−0.082%45s7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as 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−$560.560% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.082%, 7d avg −0.029%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.053% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.029%). Swap the legs. The two prices were read 45 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 | 4.8870 | 0.0128 | pay 0.0064% / 4h | 1h 28m | $598K | $311K | 75x |
| Short | Bitget ORDIUSDT | 4.8830 | 0.0100 | get 0.0050% / 4h | 1h 28m | $2.8M | $3.5M | 50x |
BloFin ORDI-USDT
Bitget ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BloFin. 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
- −$5.97
- Price spread: −0.082% → −0.029%
- −$5.3
- Slippage, 4 orders
- −$32.05
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$67.32
- Costs to cover
- 0.560%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 58 min ago; Bitget: 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 BloFin live order book, 58 min ago | 1.04 bp | 13.1 bp −$13 | 17.5 bp −$175 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 4.10 bp | 17.0 bp −$17 | 31.0 bp −$310 | 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 | −0.0544% | 1h | 4.8775 | −0.195% | $69K | $44K | 25x | as long as short |
| Gate ORDI_USDT | −0.0100% | 4h | 4.8820 | −0.102% | $1.2M | $2.7M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8791 | −0.161% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.794% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8897 | +0.055% | $705K | $667K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8841 | −0.059% | $3K | $423K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8846 | −0.050% | $10.0M | $34.5M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8790 | −0.164% | $4.1M | $4.7M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8790 | −0.164% | $5.2M | $18.1M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8850 | −0.041% | $6.5M | $3.3M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
Gate ORDI_USDT
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 | 4.8858 | −0.025% | $992K | $826K | 50x | as long as short |
| Bitget ORDIUSDTshort | +0.0100% | 4h | 4.8830 | −0.082% | $2.8M | $3.5M | 50x | |
| BingX ORDI-USDT | +0.0100% | 4h | 4.8830 | −0.082% | — | $26.9M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8811 | −0.120% | $26K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8760 | −0.225% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8790 | −0.164% | $85K | $431K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8830 | −0.082% | $7K | $155K | 5x | as long as short |
| BloFin ORDI-USDTlong | +0.0128% | 4h | 4.8870 | long leg | $598K | $311K | 75x | |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8845 | −0.051% | $8K | — | 100x | 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]