Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%
Price spread now: Bitget against Gate+0.041%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$630.630% of the position
Funding, last 7 days+0.066%+$7 on $10k
+Price spread, last 7 days−0.037%−$4 · spread now +0.041%, 7d avg +0.027%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ORDI_USDT | 4.8730 | 0.0100 | pay 0.0050% / 4h | 2h 58m | $1.2M | $2.5M | 50x |
| Short | Bitget ORDIUSDT | 4.8750 | 0.0100 | get 0.0050% / 4h | 2h 58m | $2.8M | $3.5M | 50x |
Gate ORDI_USDT
Bitget ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Gate. 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% → +0.027%
- $1.44
- Slippage, 4 orders
- −$35.99
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$61.55
- Costs to cover
- 0.630%
- Break-even
- never at this rate
Slippage from Gate: live order book, 4 min ago; Bitget: live order book, 4 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 Gate live order book, 4 min ago | 2.05 bp | 17.8 bp −$18 | 363.1 bp −$3,631 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 3.07 bp | 13.2 bp −$13 | 33.9 bp −$339 | 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 | −0.0420% | 1h | 4.8707 | −0.048% | $69K | $43K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8762 | +0.065% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.526% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8791 | +0.125% | $703K | $641K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8765 | +0.072% | $10K | $344K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8740 | +0.021% | $9.9M | $33.1M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8740 | +0.021% | $4.1M | $4.3M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8680 | −0.103% | $5.2M | $17.6M | 20x | as long as short |
| Gate ORDI_USDTlong | +0.0100% | 4h | 4.8730 | long leg | $1.2M | $2.5M | 50x | |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8750 | +0.041% | $6.8M | $3.1M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
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 | 4.8773 | +0.088% | $1.0M | $782K | 50x | as long as short |
| Bitget ORDIUSDTshort | +0.0100% | 4h | 4.8750 | +0.041% | $2.8M | $3.5M | 50x | |
| BingX ORDI-USDT | +0.0100% | 4h | 4.8740 | +0.021% | — | $26.9M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8771 | +0.084% | $25K | $33K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8690 | −0.082% | $2K | $1.1M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8810 | +0.164% | $84K | $349K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8745 | +0.031% | $2K | $223K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0110% | 4h | 4.8820 | +0.185% | $588K | $297K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8831 | +0.208% | $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]