ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.10 per $10,000 · paid last 24h −0.016%

Price spread now: OKX against BloFin+0.062%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$520.515% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 4 days (all we have)−0.117%−$12 · spread now +0.062%, 7d avg −0.035%

Together, before fees−0.167%−$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and OKX is 0.097% dearer against BloFin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ORDI-USDT	4.8670	0.0080	pay 0.0040% / 4h	34m 53s	$592K	$302K	75x
Short	OKX ORDI-USDT-SWAP	4.8700	0.0100	get 0.0050% / 4h	34m 53s	$5.2M	$17.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.062%Rate

Funding earned: $4.24
Price spread: +0.062% → −0.035%: $9.67
Slippage, 4 orders: −$29.52
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$37.6
Costs to cover: 0.515%
Break-even: 69.1 days

Slippage from BloFin: live order book, 47 min ago; OKX: 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, 47 min ago	1.02 bp	12.5 bp −$13	22.1 bp −$221	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	1.03 bp	11.7 bp −$12	44.1 bp −$441	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	−0.0305%	1h	4.8622	−0.099%	$69K	$43K	25x	as long as short
Gate ORDI_USDT	−0.0038%	4h	4.8660	−0.021%	$1.2M	$2.7M	50x	as long as short
dYdX ORDI-USD	0.0000%	1h	4.8641	−0.060%	$33K	$577	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−6.411%	$776	$20K	5.5x	as long as short
BloFin ORDI-USDTlong	+0.0080%	4h	4.8670	long leg	$592K	$302K	75x
Hyperliquid ORDI	+0.0100%	1h	4.8750	+0.164%	$704K	$668K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.8700	+0.062%	$4K	$429K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.8703	+0.067%	$9.9M	$34.1M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.8640	−0.062%	$4.1M	$4.6M	50x	as long as short
OKX ORDI-USDT-SWAPshort	+0.0100%	4h	4.8700	+0.062%	$5.2M	$17.8M	20x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ORDI_USDT	+0.0100%	4h	4.8710	+0.082%	$6.6M	$3.3M	200x	as long as short
KuCoin ORDIUSDTM	+0.0100%	4h	4.8671	+0.002%	$1.0M	$795K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.8670	0.000%	$2.8M	$3.5M	50x	as long as short
BingX ORDI-USDT	+0.0100%	4h	4.8690	+0.041%	—	$26.9M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.8646	−0.050%	$26K	$33K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8610	−0.123%	$2K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.8610	−0.123%	$84K	$385K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.8690	+0.041%	$6K	$221K	5x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0239% / S −0.3359%	1h	4.8628	−0.086%	$8K	—	100x	as long as short