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

ORDI

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.012%
Price spread now: BloFin against MEXC+0.082%799s7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$410.413% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.041%+$4 on $10k
Price spread, last 3 days (all we have)−0.048%−$5 · spread now +0.082%, 7d avg +0.019%
Together, before fees−0.007%−$1 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.062% dearer against MEXC than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.019%. The two prices were read 799 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ORDI_USDT4.90700.0100pay 0.0050% / 4h2h 35m$7.1M$3.5M200x
ShortBloFin ORDI-USDT4.91100.0100get 0.0050% / 4h2h 35m$610K$314K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$0.06
Price spread: +0.082% → +0.019%
$6.23
Slippage, 4 orders
−$29.3
Fee MEXC: 0 bp × 2 orders
$0
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$35.01
Costs to cover
0.413%
Break-even
4304.0 days
Slippage from MEXC: live order book, 2 min ago; BloFin: live order book, 31 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, 2 min ago2.04 bp4.9 bp −$515.6 bp −$15652.6 bp −$5,257106.9 bp −$53.4K
Sell BloFin live order book, 31 min ago2.01 bp20.2 bp −$2054.4 bp −$544doesn't fitdoesn't fit

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
dYdX ORDI-USD0.0000%1h4.8983−0.177%$34K$6515xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−7.173%$776$20K5.5xas long as short
Hyperliquid ORDI+0.0100%1h4.9117+0.096%$710K$661K3xas long as short
Aster ORDIUSDT+0.0100%4h4.9012−0.119%$7K$422K5xas long as short
Binance ORDIUSDT+0.0100%4h4.9060−0.020%$10.1M$33.2M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.9020−0.102%$4.2M$4.6M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.9030−0.082%$5.3M$17.5M20xas long as short
Gate ORDI_USDT+0.0100%4h4.8960−0.224%$1.3M$2.7M50xas long as short
MEXC ORDI_USDTlong+0.0100%4h4.9070long leg$7.1M$3.5M200x
KuCoin ORDIUSDTM+0.0100%4h4.8985−0.173%$918K$888K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ORDIUSDT+0.0100%4h4.9030−0.082%$2.9M$3.4M50xas long as short
BingX ORDI-USDC+0.0100%4h4.8990−0.163%$2.3Mas long as short
Variational Omni ORDI+0.0100%4h4.9027−0.087%$24K$56Kas long as short
SunX ORDI-USDT+0.0100%4h4.9000−0.143%$2K$1.2M20xas long as short
HTX ORDI-USDT+0.0100%4h4.8970−0.204%$89K$356K75xas long as short
BloFin ORDI-USDTshort+0.0100%4h4.9110+0.082%$610K$314K75x
Extended ORDI-USD+0.0104%1h4.9058−0.024%$5K$193K5xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0240% / S −0.3359%1h4.9048−0.045%$8K100xas long as short
Kraken Futures PF_ORDIUSD+0.3052%1h4.9007−0.128%$72K$49K25xas long as short