Funding you earn now, next payment 08:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.011%
Price spread now: Extended against Gate+0.096%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$740.740% of the position
Funding, last 7 days+0.016%+$2 on $10k
+Price spread, last 4 days (all we have)−0.170%−$17 · spread now +0.096%, 7d avg +0.011%
=Together, before fees−0.154%+ Points / potential airdropExtended: Active · farm board−$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Extended is 0.085% dearer against Gate than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ORDI_USDT | 4.8800 | 0.0020 | pay 0.0010% / 4h | 13m 27s | $1.2M | $2.7M | 50x |
| Short | Extended ORDI-USD | 4.8847 | 0.0104 | get 0.0013% / 1h | 13m 27s | $6K | $219K | 5x |
Gate ORDI_USDT
Extended ORDI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $17.64
- Price spread: +0.096% → +0.011%
- $8.5
- Slippage, 4 orders
- −$54.04
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$47.9
- Costs to cover
- 0.740%
- Break-even
- 26.0 days
Slippage from Gate: live order book, 4 min ago; Extended: live order book, 23 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 | 3.08 bp | 20.8 bp −$21 | 184.3 bp −$1,843 | doesn't fit | doesn't fit |
| Sell Extended live order book, 23 min ago | 3.60 bp | 18.2 bp −$18 | 133.1 bp −$1,331 | 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 | −0.0304% | 1h | 4.8818 | +0.036% | $69K | $43K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8803 | +0.006% | $33K | $577 | 5x | as long as short |
| Gate ORDI_USDTlong | +0.0020% | 4h | 4.8800 | long leg | $1.2M | $2.7M | 50x | |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.660% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8937 | +0.281% | $706K | $668K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8795 | −0.009% | $10K | $386K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8876 | +0.155% | $10.0M | $33.8M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8810 | +0.020% | $4.1M | $4.5M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8860 | +0.123% | $5.2M | $17.7M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8860 | +0.123% | $6.6M | $3.3M | 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 | 4.8851 | +0.105% | $1.0M | $794K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8840 | +0.082% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8860 | +0.123% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8747 | −0.108% | $26K | $32K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8770 | −0.061% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8790 | −0.020% | $85K | $338K | 75x | as long as short |
| Extended ORDI-USDshort | +0.0104% | 1h | 4.8847 | +0.096% | $6K | $219K | 5x | |
| BloFin ORDI-USDT | +0.0147% | 4h | 4.8830 | +0.061% | $594K | $308K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8761 | −0.080% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]