Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against MEXC−0.041%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$540.541% of the position
Funding, last 7 days−0.056%−$6 on $10k
+Price spread, last 7 days+0.037%+$4 · spread now −0.041%, 7d avg −0.024%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ORDI_USDT | 4.8980 | 0.0100 | pay 0.0050% / 4h | 1h 28m | $7.0M | $3.3M | 200x |
| Short | Bybit ORDIUSDT | 4.8960 | 0.0100 | get 0.0050% / 4h | 1h 28m | $4.2M | $4.5M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against MEXC. 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
- $0
- Price spread: −0.041% → −0.024%
- −$1.71
- Slippage, 4 orders
- −$43.1
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$55.81
- Costs to cover
- 0.541%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 5 min ago; Bybit: live order book, 5 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 MEXC live order book, 5 min ago | 1.02 bp | 4.0 bp −$4 | 14.1 bp −$141 | 53.8 bp −$5,379 | 112.1 bp −$56.0K |
| Sell Bybit live order book, 5 min ago | 3.05 bp | 21.4 bp −$21 | 70.2 bp −$702 | 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 | −0.0350% | 1h | 4.8931 | −0.100% | $72K | $46K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8995 | +0.031% | $34K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.003% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0076% | 4h | 4.9000 | +0.041% | $610K | $305K | 75x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9001 | +0.042% | $12K | $427K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9000 | +0.041% | $10.0M | $33.4M | 50x | as long as short |
| Bybit ORDIUSDTshort | +0.0100% | 4h | 4.8960 | −0.041% | $4.2M | $4.5M | 50x | |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8950 | −0.061% | $5.3M | $17.4M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.9010 | +0.061% | $1.3M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDTlong | +0.0100% | 4h | 4.8980 | long leg | $7.0M | $3.3M | 200x |
Show all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.9002 | +0.045% | $961K | $869K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8980 | 0.000% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.8980 | 0.000% | — | $27.1M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.9130 | +0.306% | $24K | $55K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8900 | −0.163% | $987 | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8920 | −0.122% | $81K | $393K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8987 | +0.014% | $3K | $189K | 5x | as long as short |
| Hyperliquid ORDI | +0.0236% | 1h | 4.9049 | +0.141% | $708K | $661K | 3x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8958 | −0.045% | $8K | — | 100x | as long as short |
MEXC ORDI_USDT
Bybit ORDIUSDT
Kraken Futures PF_ORDIUSD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Aster ORDIUSDT
Binance ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
Hyperliquid ORDI
GMX ORDI/USD [WBTC.b-USDC]