Funding you earn now, next payment 05:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.015%
Price spread now: Extended against BloFin−0.195%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$580.585% of the position
Funding, last 7 days−0.035%−$4 on $10k
+Price spread, last 4 days (all we have)+0.144%+$14 · spread now −0.195%, 7d avg −0.049%
=Together, before fees+0.109%+ Points / potential airdropExtended: Active · farm board+$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Extended is 0.146% cheaper against BloFin than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.049%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ORDI-USDT | 4.9350 | 0.0122 | pay 0.0061% / 4h | 3h 16m | $607K | $309K | 75x |
| Short | Extended ORDI-USD | 4.9254 | 0.0104 | get 0.0013% / 1h | 16m 32s | $4K | $180K | 5x |
BloFin ORDI-USDT
Extended ORDI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$3.85
- Price spread: −0.195% → −0.049%
- −$14.59
- Slippage, 4 orders
- −$41.48
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$76.92
- Costs to cover
- 0.585%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 15 min ago; Extended: live order book, 35 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, 15 min ago | 3.02 bp | 12.0 bp −$12 | 23.3 bp −$233 | doesn't fit | doesn't fit |
| Sell Extended live order book, 35 min ago | 2.21 bp | 16.2 bp −$16 | 145.3 bp −$1,453 | 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 | −0.0570% | 1h | 4.9273 | −0.155% | $72K | $43K | 25x | as long as short |
| Gate ORDI_USDT | −0.0408% | 4h | 4.9270 | −0.162% | $1.3M | $2.8M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.9196 | −0.312% | $34K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.700% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.9285 | −0.132% | $710K | $663K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9301 | −0.099% | $5K | $426K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9252 | −0.198% | $10.0M | $33.8M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.9220 | −0.263% | $4.2M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9220 | −0.263% | $5.3M | $17.8M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9280 | −0.142% | $6.6M | $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 | 4.9233 | −0.237% | $972K | $834K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9250 | −0.203% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.9300 | −0.101% | — | $27.0M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.9271 | −0.159% | $24K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.9280 | −0.142% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9320 | −0.061% | $83K | $412K | 75x | as long as short |
| Extended ORDI-USDshort | +0.0104% | 1h | 4.9254 | −0.195% | $4K | $180K | 5x | |
| BloFin ORDI-USDTlong | +0.0122% | 4h | 4.9350 | long leg | $607K | $309K | 75x | |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.9337 | −0.025% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]