Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Binance against Extended+0.055%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$620.617% of the position
Funding, last 7 days−0.005%−$1 on $10k
+Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.055%, 7d avg +0.040%
=Together, before fees−0.012%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ORDI-USD | 4.8552 | 0.0104 | pay 0.0013% / 1h | 47m 30s | $5K | $172K | 5x |
| Short | Binance ORDIUSDT | 4.8579 | 0.0100 | get 0.0050% / 4h | 1h 47m | $9.9M | $30.8M | 50x |
Extended ORDI-USD
Binance ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Extended. 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
- −$0.84
- Price spread: +0.055% → +0.040%
- $1.46
- Slippage, 4 orders
- −$46.71
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$61.09
- Costs to cover
- 0.617%
- Break-even
- never at this rate
Slippage from Extended: live order book, 34 min ago; Binance: live order book, 9 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 Extended live order book, 34 min ago | 3.19 bp | 18.5 bp −$18 | 153.9 bp −$1,539 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 1.03 bp | 13.2 bp −$13 | 32.8 bp −$328 | 317.5 bp −$31.8K | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ORDI-USD | 0.0000% | 1h | 4.8541 | −0.022% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.183% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8609 | +0.118% | $706K | $645K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8542 | −0.019% | $5K | $415K | 5x | as long as short |
| Binance ORDIUSDTshort | +0.0100% | 4h | 4.8579 | +0.055% | $9.9M | $30.8M | 50x | |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8490 | −0.127% | $4.1M | $4.2M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8560 | +0.017% | $5.3M | $16.2M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8530 | −0.045% | $1.2M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8550 | −0.004% | $7.0M | $3.2M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8521 | −0.064% | $928K | $823K | 50x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
MEXC ORDI_USDT
KuCoin ORDIUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8520 | −0.066% | $2.9M | $3.0M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8560 | +0.017% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8536 | −0.033% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8500 | −0.107% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8480 | −0.148% | $88K | $363K | 75x | as long as short |
| Extended ORDI-USDlong | +0.0104% | 1h | 4.8552 | long leg | $5K | $172K | 5x | |
| BloFin ORDI-USDT | +0.0130% | 4h | 4.8540 | −0.024% | $601K | $299K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8560 | +0.018% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.2958% | 1h | 4.8697 | +0.299% | $66K | $42K | 25x | as long as short |
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]
Kraken Futures PF_ORDIUSD