Funding you earn now, next payment 08:00 UTC−0.0200%/8h= −21.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.010%
Price spread now: Gate against Bybit+0.082%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$970.965% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 7 days−0.049%−$5 · spread now +0.082%, 7d avg +0.002%
=The price spread pays, funding is against you. Gate is 0.079% dearer against Bybit than usual: you sell high and buy low (spread +0.082% now, against its 7-day average of +0.002%): +$8 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 32 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.014% in total (about 0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.00 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ORDIUSDT | 4.8810 | 0.0100 | pay 0.0050% / 4h | 1h 30m | $4.1M | $4.7M | 50x |
| Short | Gate ORDI_USDT | 4.8850 | −0.0100 | pay 0.0050% / 4h | 1h 30m | $1.2M | $2.7M | 50x |
Bybit ORDIUSDT
Gate ORDI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$42
- Price spread: +0.082% → +0.002%
- $7.95
- Slippage, 4 orders
- −$70.55
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$130.6
- Costs to cover
- 0.965%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 8 min ago; Gate: live order book, 3 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, 8 min ago | 4.08 bp | 26.6 bp −$27 | 69.5 bp −$695 | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 3.08 bp | 26.9 bp −$27 | 92.5 bp −$925 | 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 | 4.8781 | −0.060% | $69K | $44K | 25x | as long as short |
| Gate ORDI_USDTshort | −0.0100% | 4h | 4.8850 | +0.082% | $1.2M | $2.7M | 50x | |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8791 | −0.038% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.679% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0093% | 4h | 4.8910 | +0.205% | $599K | $312K | 75x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8930 | +0.246% | $705K | $667K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8827 | +0.036% | $3K | $423K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8862 | +0.106% | $10.0M | $34.5M | 50x | as long as short |
| Bybit ORDIUSDTlong | +0.0100% | 4h | 4.8810 | long leg | $4.1M | $4.7M | 50x | |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8820 | +0.020% | $5.2M | $18.1M | 20x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
OKX ORDI-USDT-SWAPShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8870 | +0.123% | $6.5M | $3.3M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8848 | +0.078% | $992K | $827K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8840 | +0.061% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8790 | −0.041% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8811 | +0.003% | $26K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8750 | −0.123% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8760 | −0.102% | $85K | $431K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8828 | +0.036% | $7K | $155K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8845 | +0.071% | $8K | — | 100x | as long as short |
MEXC ORDI_USDT
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]