Funding you earn now, next payment 11:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Bybit against Extended−0.093%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$810.814% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 4 days (all we have)+0.114%+$11 · spread now −0.093%, 7d avg −0.020%
=Together, before fees+0.093%+ Points / potential airdropExtended: Active · farm board+$9 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.073% cheaper against Extended than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.020%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ORDI-USD | 4.7955 | 0.0104 | pay 0.0013% / 1h | 6m 09s | $6K | $223K | 5x |
| Short | Bybit ORDIUSDT | 4.7910 | 0.0100 | get 0.0050% / 4h | 1h 06m | $4.0M | $4.3M | 50x |
Extended ORDI-USD
Bybit ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.093% → −0.020%
- −$7.33
- Slippage, 4 orders
- −$65.36
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$89.53
- Costs to cover
- 0.814%
- Break-even
- never at this rate
Slippage from Extended: live order book, 38 min ago; Bybit: live order book, 5 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, 38 min ago | 2.08 bp | 16.3 bp −$16 | 144.1 bp −$1,441 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 3.13 bp | 24.7 bp −$25 | 78.5 bp −$785 | doesn't fit | doesn't fit |
ORDI on 19 exchanges
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 | −0.1168% | 1h | 4.7876 | −0.164% | $68K | $43K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.7907 | −0.099% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −5.014% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.7994 | +0.082% | $692K | $650K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.7954 | −0.001% | $9K | $258K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.7960 | +0.011% | $9.6M | $32.7M | 50x | as long as short |
| Bybit ORDIUSDTshort | +0.0100% | 4h | 4.7910 | −0.093% | $4.0M | $4.3M | 50x | |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.7930 | −0.051% | $4.9M | $17.7M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.7910 | −0.093% | $1.2M | $2.6M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.7960 | +0.011% | $6.7M | $3.0M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
MEXC ORDI_USDTShow all 19 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.7935 | −0.041% | $963K | $766K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.7950 | −0.010% | $2.7M | $3.4M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.7940 | −0.031% | — | $36.2M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.7833 | −0.253% | $25K | $33K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.7860 | −0.197% | $1K | $1.1M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.7820 | −0.281% | $82K | $353K | 75x | as long as short |
| Extended ORDI-USDlong | +0.0104% | 1h | 4.7955 | long leg | $6K | $223K | 5x | |
| BloFin ORDI-USDT | +0.0127% | 4h | 4.7920 | −0.072% | $568K | $285K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0238% / S −0.3359% | 1h | 4.7939 | −0.032% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]