Settings8H · net · $10k
Funding arb · Price arb /

ORDI

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against MEXC−0.041%7-day average · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$260.257% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.054%+$5 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.041% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ORDI_USDT4.92600.0100pay 0.0050% / 4h3h 15m$6.6M$3.3M200x
ShortBingX ORDI-USDT4.92400.0100get 0.0050% / 4h3h 15m$27.0M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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

Funding earned
$0
Price spread: −0.041% → 0.000%
−$4.06
Slippage, 4 orders
−$15.66
Fee MEXC: 0 bp × 2 orders
$0
Fee BingX: 5 bp × 2 orders
−$10
Net
−$29.72
Costs to cover
0.257%
Break-even
never at this rate
Slippage from MEXC: live order book, 3 min ago; BingX: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 3 min ago1.01 bp3.8 bp −$413.6 bp −$13654.1 bp −$5,408113.3 bp −$56.7K
Sell BingX live order book, 9 min ago1.02 bp9.8 bp −$1014.1 bp −$14141.7 bp −$4,173295.5 bp −$147.7K

ORDI on 19 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ORDIUSD−0.0570%1h4.9197−0.128%$72K$43K25xas long as short
Gate ORDI_USDT−0.0368%4h4.9250−0.020%$1.3M$2.8M50xas long as short
dYdX ORDI-USD0.0000%1h4.9291+0.063%$34K$5775xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−7.531%$776$20K5.5xas long as short
BloFin ORDI-USDT+0.0047%4h4.9270+0.020%$605K$309K75xas long as short
Hyperliquid ORDI+0.0100%1h4.9298+0.077%$711K$663K3xas long as short
Aster ORDIUSDT+0.0100%4h4.9262+0.004%$5K$426K5xas long as short
Binance ORDIUSDT+0.0100%4h4.9222−0.078%$10.0M$33.9M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.9170−0.183%$4.2M$4.6M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.9180−0.162%$5.3M$17.7M20xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ORDI_USDTlong+0.0100%4h4.9260long leg$6.6M$3.3M200x
KuCoin ORDIUSDTM+0.0100%4h4.9295+0.071%$974K$834K50xas long as short
Bitget ORDIUSDT+0.0100%4h4.9300+0.081%$2.9M$3.5M50xas long as short
BingX ORDI-USDTshort+0.0100%4h4.9240−0.041%$27.0M
Variational Omni ORDI+0.0100%4h4.9161−0.200%$24K$42Kas long as short
SunX ORDI-USDT+0.0100%4h4.9220−0.081%$2K$1.2M20xas long as short
HTX ORDI-USDT+0.0100%4h4.9150−0.223%$82K$412K75xas long as short
Extended ORDI-USD+0.0104%1h4.9264+0.008%$4K$180K5xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0240% / S −0.3359%1h4.9281+0.043%$8K100xas long as short