ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0116%/8h= −12.7% APRnext payment −$0.58 per $10,000 · paid last 24h −0.010%

Price spread now: Gate against OKX−0.061%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−$71as in the Price arb table

costs, in and out, $10k−$670.667% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days+0.036%+$4 · spread now −0.061%, 7d avg −0.021%

Together, before fees+0.034%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.039% cheaper against OKX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.021%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ORDI-USDT-SWAP	4.9240	0.0100	pay 0.0050% / 4h	2h 06m	$5.3M	$18.4M	20x
Short	Gate ORDI_USDT	4.9210	−0.0016	pay 0.0008% / 4h	2h 06m	$1.3M	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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

Position, each leg$Hold fordaysFee OKXbpFee GatebpOrdersPrice spread, now −0.061%Rate

Funding earned: −$24.36
Price spread: −0.061% → −0.021%: −$3.95
Slippage, 4 orders: −$41.68
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$94.99
Costs to cover: 0.667%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Gate: 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 OKX live order book, 2 min ago	2.03 bp	10.7 bp −$11	45.1 bp −$451	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	2.04 bp	19.7 bp −$20	87.5 bp −$875	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	−0.0709%	1h	4.9226	−0.028%	$70K	$47K	25x	as long as short
Gate ORDI_USDTshort	−0.0016%	4h	4.9210	−0.061%	$1.3M	$2.8M	50x
dYdX ORDI-USD	0.0000%	1h	4.9211	−0.059%	$34K	$577	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−7.494%	$776	$20K	5.5x	as long as short
Hyperliquid ORDI	+0.0100%	1h	4.9331	+0.185%	$711K	$667K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.9228	−0.024%	$4K	$432K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.9267	+0.056%	$10.1M	$34.6M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.9230	−0.020%	$4.1M	$4.8M	50x	as long as short
OKX ORDI-USDT-SWAPlong	+0.0100%	4h	4.9240	long leg	$5.3M	$18.4M	20x
MEXC ORDI_USDT	+0.0100%	4h	4.9250	+0.020%	$6.6M	$3.3M	200x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ORDIUSDTM	+0.0100%	4h	4.9232	−0.016%	$993K	$831K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.9250	+0.020%	$2.9M	$3.5M	50x	as long as short
BingX ORDI-USDT	+0.0100%	4h	4.9270	+0.061%	—	$26.9M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.9171	−0.139%	$29K	$39K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.9070	−0.345%	$1K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.9130	−0.223%	$85K	$442K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.9254	+0.028%	$7K	$184K	5x	as long as short
BloFin ORDI-USDT	+0.0110%	4h	4.9210	−0.061%	$590K	$315K	75x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0240% / S −0.3359%	1h	4.9217	−0.047%	$8K	—	100x	as long as short