ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0140%/8h= +15.3% APRnext payment +$0.70 per $10,000 · paid last 24h +0.025%

Price spread now: BloFin against Gate+0.082%78s7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$720.716% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.082%, 7d avg +0.065%

Together, before fees+0.042%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.065%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ORDI_USDT	4.8990	−0.0082	get 0.0041% / 4h	1h 21m	$1.3M	$2.7M	50x
Short	BloFin ORDI-USDT	4.9030	0.0058	get 0.0029% / 4h	1h 21m	$596K	$313K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BloFinbpOrdersPrice spread, now +0.082%Rate

Funding earned: $29.39
Price spread: +0.082% → +0.065%: $1.65
Slippage, 4 orders: −$44.55
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$40.51
Costs to cover: 0.716%
Break-even: 16.6 days

Slippage from Gate: live order book, 1 min ago; BloFin: live order book, 65 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, 1 min ago	3.06 bp	17.8 bp −$18	194.3 bp −$1,943	doesn't fit	doesn't fit
Sell BloFin live order book, 65 min ago	1.04 bp	14.0 bp −$14	29.5 bp −$295	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	−0.0542%	1h	4.8939	−0.105%	$70K	$44K	25x	as long as short
Gate ORDI_USDTlong	−0.0082%	4h	4.8990	long leg	$1.3M	$2.7M	50x
dYdX ORDI-USD	0.0000%	1h	4.8943	−0.096%	$34K	$577	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−7.022%	$776	$20K	5.5x	as long as short
BloFin ORDI-USDTshort	+0.0058%	4h	4.9030	+0.082%	$596K	$313K	75x
Hyperliquid ORDI	+0.0100%	1h	4.9075	+0.174%	$708K	$667K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.9045	+0.112%	$4K	$423K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.9045	+0.112%	$10.0M	$34.5M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.8990	0.000%	$4.1M	$4.7M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.9000	+0.020%	$5.2M	$18.1M	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ORDI_USDT	+0.0100%	4h	4.9050	+0.122%	$6.6M	$3.3M	200x	as long as short
KuCoin ORDIUSDTM	+0.0100%	4h	4.8983	−0.014%	$995K	$820K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.8980	−0.020%	$2.8M	$3.6M	50x	as long as short
BingX ORDI-USDC	+0.0100%	4h	4.8960	−0.061%	—	$2.3M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.9086	+0.197%	$27K	$42K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8950	−0.082%	$2K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.8990	0.000%	$85K	$431K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.8968	−0.044%	$3K	$159K	5x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0240% / S −0.3359%	1h	4.8962	−0.058%	$8K	—	100x	as long as short