Funding you earn now, next payment 08:00 UTC+0.0176%/8h= +19.3% APRnext payment +$0.88 per $10,000 · paid last 24h +0.010%
Price spread now: OKX against Gate−0.082%7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$670.675% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 7 days+0.106%+$11 · spread now −0.082%, 7d avg +0.021%
=Funding pays, the price is against you. OKX is 0.103% cheaper against Gate than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of +0.021%). If the spread goes back, that is −$10 on $10k: about 47 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.002% in total) that is about 10 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ORDI_USDT | 4.8970 | −0.0076 | get 0.0038% / 4h | 1h 15m | $1.2M | $2.7M | 50x |
| Short | OKX ORDI-USDT-SWAP | 4.8930 | 0.0100 | get 0.0050% / 4h | 1h 15m | $5.2M | $18.0M | 20x |
Gate ORDI_USDT
OKX ORDI-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $36.96
- Price spread: −0.082% → +0.021%
- −$10.3
- Slippage, 4 orders
- −$42.49
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$40.82
- Costs to cover
- 0.675%
- Break-even
- 14.7 days
Slippage from Gate: live order book, 2 min ago; OKX: live order book, 2 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, 2 min ago | 3.06 bp | 21.0 bp −$21 | 162.0 bp −$1,620 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 1.02 bp | 11.0 bp −$11 | 43.2 bp −$432 | 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 | 4.8930 | −0.083% | $70K | $44K | 25x | as long as short |
| Gate ORDI_USDTlong | −0.0076% | 4h | 4.8970 | long leg | $1.2M | $2.7M | 50x | |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8992 | +0.045% | $34K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.984% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.9036 | +0.135% | $707K | $667K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8996 | +0.053% | $4K | $423K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8982 | +0.024% | $10.0M | $34.5M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8940 | −0.061% | $4.1M | $4.7M | 50x | as long as short |
| OKX ORDI-USDT-SWAPshort | +0.0100% | 4h | 4.8930 | −0.082% | $5.2M | $18.0M | 20x | |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8980 | +0.020% | $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
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 | 4.8969 | −0.002% | $994K | $816K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8970 | 0.000% | $2.8M | $3.6M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.8970 | 0.000% | — | $26.9M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8936 | −0.069% | $26K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8900 | −0.143% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8930 | −0.082% | $85K | $430K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8972 | +0.004% | $3K | $154K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0155% | 4h | 4.9030 | +0.123% | $596K | $313K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8948 | −0.046% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
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]