Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Bybit+0.041%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$770.774% of the position
Funding, last 7 days+0.079%+$8 on $10k
+Price spread, last 7 days+0.041%+$4 · spread now +0.041%, 7d avg +0.029%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ORDIUSDT | 4.8760 | 0.0100 | pay 0.0050% / 4h | 15m 17s | $4.1M | $4.5M | 50x |
| Short | Bitget ORDIUSDT | 4.8780 | 0.0100 | get 0.0050% / 4h | 15m 17s | $2.8M | $3.5M | 50x |
Bybit ORDIUSDT
Bitget ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Bybit. 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
- $0
- Price spread: +0.041% → +0.029%
- $1.15
- Slippage, 4 orders
- −$54.36
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$76.2
- Costs to cover
- 0.774%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Bitget: live order book, 2 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 Bybit live order book, 2 min ago | 1.03 bp | 21.0 bp −$21 | 68.2 bp −$682 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 3.08 bp | 13.7 bp −$14 | 30.0 bp −$300 | 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 | 4.8759 | −0.001% | $69K | $43K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8748 | −0.024% | $33K | $577 | 5x | as long as short |
| Gate ORDI_USDT | +0.0004% | 4h | 4.8760 | 0.000% | $1.2M | $2.7M | 50x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.583% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8853 | +0.191% | $705K | $667K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8777 | +0.034% | $10K | $386K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8831 | +0.146% | $10.0M | $33.8M | 50x | as long as short |
| Bybit ORDIUSDTlong | +0.0100% | 4h | 4.8760 | long leg | $4.1M | $4.5M | 50x | |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8800 | +0.082% | $5.2M | $17.7M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8820 | +0.123% | $6.6M | $3.3M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Gate ORDI_USDT
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Binance 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 | 4.8810 | +0.103% | $1.0M | $794K | 50x | as long as short |
| Bitget ORDIUSDTshort | +0.0100% | 4h | 4.8780 | +0.041% | $2.8M | $3.5M | 50x | |
| BingX ORDI-USDT | +0.0100% | 4h | 4.8790 | +0.062% | — | $26.9M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8747 | −0.026% | $26K | $32K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8770 | +0.021% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8780 | +0.041% | $85K | $338K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8797 | +0.075% | $6K | $219K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0147% | 4h | 4.8830 | +0.144% | $594K | $308K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8761 | +0.002% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]