Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance−0.080%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$690.688% of the position
Funding, last 7 days−0.016%−$2 on $10k
+Price spread, last 7 days+0.047%+$5 · spread now −0.080%, 7d avg −0.032%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.048% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.032%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ORDIUSDT | 4.8429 | 0.0100 | pay 0.0050% / 4h | 3h 27m | $9.8M | $33.9M | 50x |
| Short | Bybit ORDIUSDT | 4.8390 | 0.0100 | get 0.0050% / 4h | 3h 27m | $4.1M | $4.4M | 50x |
Binance ORDIUSDT
Bybit ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: −0.080% → −0.032%
- −$4.8
- Slippage, 4 orders
- −$47.81
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$73.61
- Costs to cover
- 0.688%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 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 Binance live order book, 14 min ago | 1.03 bp | 11.3 bp −$11 | 25.9 bp −$259 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.03 bp | 24.8 bp −$25 | 70.3 bp −$703 | 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 | −0.0453% | 1h | 4.8385 | −0.090% | $69K | $43K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8356 | −0.150% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −5.945% | $776 | $20K | 5.5x | as long as short |
| Gate ORDI_USDT | +0.0094% | 4h | 4.8380 | −0.101% | $1.2M | $2.6M | 50x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8453 | +0.050% | $698K | $669K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8418 | −0.023% | $10K | $345K | 5x | as long as short |
| Binance ORDIUSDTlong | +0.0100% | 4h | 4.8429 | long leg | $9.8M | $33.9M | 50x | |
| Bybit ORDIUSDTshort | +0.0100% | 4h | 4.8390 | −0.080% | $4.1M | $4.4M | 50x | |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8390 | −0.080% | $5.1M | $17.7M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8420 | −0.018% | $6.6M | $3.2M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
Gate ORDI_USDT
Hyperliquid ORDI
Aster ORDIUSDT
OKX ORDI-USDT-SWAP
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 | 4.8384 | −0.093% | $1.0M | $792K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8390 | −0.080% | $2.8M | $3.6M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.8410 | −0.039% | — | $26.9M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8362 | −0.138% | $25K | $33K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8380 | −0.101% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8350 | −0.163% | $86K | $344K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8406 | −0.047% | $5K | $223K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0152% | 4h | 4.8440 | +0.023% | $590K | $305K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8402 | −0.056% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]