Funding you earn now, next payment 08:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.21 per $10,000 · paid last 24h +0.016%
Price spread now: BloFin against Binance−0.030%91s7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$560.557% of the position
Funding, last 7 days+0.041%+$4 on $10k
+Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.030%, 7d avg +0.010%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.040% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.010%). Swap the legs. The two prices were read 91 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ORDIUSDT | 4.9045 | 0.0100 | pay 0.0050% / 4h | 1h 21m | $10.0M | $34.5M | 50x |
| Short | BloFin ORDI-USDT | 4.9030 | 0.0058 | get 0.0029% / 4h | 1h 21m | $596K | $313K | 75x |
Binance ORDIUSDT
BloFin ORDI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- −$8.83
- Price spread: −0.030% → +0.010%
- −$3.97
- Slippage, 4 orders
- −$33.74
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$68.54
- Costs to cover
- 0.557%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; BloFin: live order book, 65 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 Binance live order book, 5 min ago | 1.02 bp | 12.3 bp −$12 | 27.8 bp −$278 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 65 min ago | 1.04 bp | 14.0 bp −$14 | 29.5 bp −$295 | 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 | −0.0542% | 1h | 4.8939 | −0.216% | $70K | $44K | 25x | as long as short |
| Gate ORDI_USDT | −0.0082% | 4h | 4.8990 | −0.111% | $1.3M | $2.7M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8943 | −0.207% | $34K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.125% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDTshort | +0.0058% | 4h | 4.9030 | −0.030% | $596K | $313K | 75x | |
| Hyperliquid ORDI | +0.0100% | 1h | 4.9075 | +0.062% | $708K | $667K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9045 | +0.001% | $4K | $423K | 5x | as long as short |
| Binance ORDIUSDTlong | +0.0100% | 4h | 4.9045 | long leg | $10.0M | $34.5M | 50x | |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8990 | −0.111% | $4.1M | $4.7M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9000 | −0.091% | $5.2M | $18.1M | 20x | as long as short |
Kraken Futures PF_ORDIUSD
Gate ORDI_USDT
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAPShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9050 | +0.011% | $6.6M | $3.3M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8983 | −0.126% | $995K | $820K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8980 | −0.132% | $2.8M | $3.6M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8960 | −0.173% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.9086 | +0.085% | $27K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8950 | −0.193% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8990 | −0.111% | $85K | $431K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8968 | −0.156% | $3K | $159K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.8962 | −0.170% | $8K | — | 100x | as long as short |
MEXC ORDI_USDT
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]