Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: dYdX against Binance−0.054%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.054% cheaper against Binance than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ORDIUSDT | 4.9612 | 0.0100 | pay 0.0050% / 4h | 3h 02m | $10.3M | $32.0M | 50x |
| Short | dYdX ORDI-USD | 4.9585 | 0 | get 0.0000% / 1h | 2m 42s | $34K | $651 | 5x |
Binance ORDIUSDT
dYdX ORDI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$21
- Price spread: −0.054% → 0.000%
- −$5.36
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$46.36
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 9 min ago; dYdX: no order-book sample. Net counts fees only.
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, 9 min ago | 1.01 bp | 12.5 bp −$12 | 29.4 bp −$294 | doesn't fit | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ORDI-USDshort | 0.0000% | 1h | 4.9585 | −0.054% | $34K | $651 | 5x | |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −8.187% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.9745 | +0.269% | $720K | $649K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9622 | +0.020% | $3K | $408K | 5x | as long as short |
| Binance ORDIUSDTlong | +0.0100% | 4h | 4.9612 | long leg | $10.3M | $32.0M | 50x | |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.9430 | −0.366% | $4.2M | $4.4M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9430 | −0.366% | $5.4M | $17.0M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.9440 | −0.346% | $1.3M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9490 | −0.245% | $7.2M | $3.4M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.9575 | −0.074% | $941K | $827K | 50x | as long as short |
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
MEXC ORDI_USDT
KuCoin ORDIUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9440 | −0.346% | $2.9M | $3.1M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.9660 | +0.097% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.9621 | +0.018% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.9540 | −0.144% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9630 | +0.037% | $90K | $351K | 75x | as long as short |
| BloFin ORDI-USDT | +0.0103% | 4h | 4.9550 | −0.124% | $615K | $315K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9517 | −0.190% | $4K | $192K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.9596 | −0.032% | $9K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.2920% | 1h | 4.9729 | +0.237% | $66K | $40K | 25x | as long as short |
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
BloFin ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]
Kraken Futures PF_ORDIUSD