Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against OKX+0.060%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$580.578% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.060%, 7d avg −0.013%
=Together, before fees−0.067%+ Points / potential airdropExtended: Active · farm board−$7 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: Extended is 0.073% dearer against OKX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ORDI-USDT-SWAP | 4.8740 | 0.0100 | pay 0.0050% / 4h | 55m 34s | $5.2M | $17.8M | 20x |
| Short | Extended ORDI-USD | 4.8769 | 0.0104 | get 0.0013% / 1h | 55m 34s | $4K | $169K | 5x |
OKX ORDI-USDT-SWAP
Extended ORDI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against OKX. 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
- $0.84
- Price spread: +0.060% → −0.013%
- $7.34
- Slippage, 4 orders
- −$42.8
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$49.62
- Costs to cover
- 0.578%
- Break-even
- 420.5 days
Slippage from OKX: live order book, 3 min ago; Extended: live order book, 45 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 OKX live order book, 3 min ago | 1.02 bp | 10.7 bp −$11 | 40.6 bp −$406 | doesn't fit | doesn't fit |
| Sell Extended live order book, 45 min ago | 3.57 bp | 17.5 bp −$17 | 148.5 bp −$1,485 | 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 | −0.0305% | 1h | 4.8650 | −0.184% | $69K | $43K | 25x | as long as short |
| Gate ORDI_USDT | −0.0076% | 4h | 4.8740 | 0.000% | $1.2M | $2.7M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8680 | −0.123% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.545% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8819 | +0.162% | $705K | $668K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8813 | +0.149% | $4K | $420K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8813 | +0.149% | $10.0M | $34.1M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8700 | −0.082% | $4.1M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAPlong | +0.0100% | 4h | 4.8740 | long leg | $5.2M | $17.8M | 20x | |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8790 | +0.103% | $6.6M | $3.2M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
Gate ORDI_USDT
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 | 4.8756 | +0.033% | $984K | $794K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8770 | +0.062% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8710 | −0.062% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8656 | −0.172% | $26K | $33K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8740 | 0.000% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8680 | −0.123% | $85K | $385K | 75x | as long as short |
| Extended ORDI-USDshort | +0.0104% | 1h | 4.8769 | +0.060% | $4K | $169K | 5x | |
| BloFin ORDI-USDT | +0.0133% | 4h | 4.8830 | +0.185% | $596K | $305K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8702 | −0.079% | $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]