Funding you earn now, next payment 08:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.05 per $10,000 · paid last 24h −0.016%
Price spread now: Variational Omni against BloFin−0.211%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Variational Omni is 0.211% cheaper against BloFin than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ORDI-USDT | 4.9040 | 0.0110 | pay 0.0055% / 4h | 1h 18m | $596K | $313K | 75x |
| Short | Variational Omni ORDI | 4.8936 | 0.0100 | get 0.0050% / 4h | 1h 18m | $26K | $42K | — |
BloFin ORDI-USDT
Variational Omni ORDIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$2.18
- Price spread: −0.211% → 0.000%
- −$21.12
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$35.3
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 3 min ago; Variational Omni: no order-book sample. Net counts fees only.
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, 3 min ago | 1.02 bp | 12.5 bp −$13 | 22.1 bp −$221 | doesn't fit | doesn't fit |
| Sell Variational Omni no order-book sample | — | — | — | — | — |
Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0541% | 1h | 4.8988 | −0.106% | $70K | $44K | 25x | as long as short |
| Gate ORDI_USDT | −0.0076% | 4h | 4.9040 | 0.000% | $1.3M | $2.7M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8937 | −0.210% | $34K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.117% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.9133 | +0.190% | $708K | $667K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9055 | +0.031% | $4K | $423K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9060 | +0.041% | $10.0M | $34.5M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.9040 | 0.000% | $4.1M | $4.7M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9030 | −0.020% | $5.2M | $18.1M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9060 | +0.041% | $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 | 4.9025 | −0.031% | $995K | $820K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9050 | +0.020% | $2.8M | $3.6M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.9040 | 0.000% | — | $2.3M | — | as long as short |
| Variational Omni ORDIshort | +0.0100% | 4h | 4.8936 | −0.211% | $26K | $42K | — | |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8960 | −0.163% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8990 | −0.102% | $85K | $431K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9028 | −0.025% | $3K | $159K | 5x | as long as short |
| BloFin ORDI-USDTlong | +0.0110% | 4h | 4.9040 | long leg | $596K | $313K | 75x | |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.9008 | −0.065% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDC
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]