Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.020%
Price spread now: dYdX against Gate−0.084%46s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.084% cheaper against Gate than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 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 | 4.9030 | 0.0100 | pay 0.0050% / 4h | 43m 48s | $1.3M | $2.7M | 50x |
| Short | dYdX ORDI-USD | 4.8989 | 0 | get 0.0000% / 1h | 43m 48s | $34K | $651 | 5x |
Gate ORDI_USDT
dYdX ORDI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$21
- Price spread: −0.084% → 0.000%
- −$8.44
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$54.44
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 4 min ago; dYdX: no order-book sample. Net counts fees only.
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 | 3.06 bp | 21.7 bp −$22 | 143.9 bp −$1,439 | doesn't fit | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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-USDshort | 0.0000% | 1h | 4.8989 | −0.084% | $34K | $651 | 5x | |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.098% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.9137 | +0.218% | $713K | $650K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9079 | +0.100% | $4K | $419K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9070 | +0.082% | $10.1M | $31.2M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.9030 | 0.000% | $4.1M | $4.2M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9000 | −0.061% | $5.3M | $16.6M | 20x | as long as short |
| Gate ORDI_USDTlong | +0.0100% | 4h | 4.9030 | long leg | $1.3M | $2.7M | 50x | |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9090 | +0.122% | $7.1M | $3.3M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.9047 | +0.035% | $941K | $820K | 50x | as long as short |
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
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 | 4.9060 | +0.061% | $2.9M | $3.0M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.9040 | +0.020% | — | $24.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.9024 | −0.012% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.9010 | −0.041% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8980 | −0.102% | $89K | $355K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9066 | +0.074% | $5K | $172K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0125% | 4h | 4.9070 | +0.082% | $609K | $310K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.9068 | +0.078% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.3011% | 1h | 4.9216 | +0.379% | $66K | $43K | 25x | as long as short |
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]
Kraken Futures PF_ORDIUSD