data as of
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Price arb /

ORDI

all ORDI markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$75
spread now−0.100%7d average−0.019%fees + slippage, in and out−$67spread needed0.666%
Long on BinanceShort on Gate
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ORDIUSDT4.97700.0100pay 0.0050% / 4h3h 05m$10.4M$27.4M50x
ShortGate ORDI_USDT4.97200.0100get 0.0050% / 4h3h 05m$1.3M$2.5M50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$10.05
Funding while held
$0
Slippage, 4 orders
−$41.61
Fee Binance: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$76.65
Spread needed to break even
0.666%
Slippage from Binance: live order book, 8 min ago; Gate: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 8 min ago1.00 bp12.2 bp −$1231.2 bp −$312doesn't fitdoesn't fit
Sell Gate live order book, 4 min ago2.01 bp18.9 bp −$1977.0 bp −$770doesn't fitdoesn't fit

ORDI price on every exchange

against the cheapest. Click to use as the short leg.
Injective4.5550cheapest
Variational Omni4.9662+9.028%SunX4.9700+9.111%
Gate4.9720+9.155%
Bybit4.9730+9.177%BingX4.9730+9.177%KuCoin4.9754+9.229%Bitget4.9760+9.243%Extended4.9765+9.254%
Binance4.9770+9.265%
OKX4.9770+9.265%BloFin4.9770+9.265%dYdX4.9780+9.288%MEXC4.9790+9.308%GMX4.9793+9.315%HTX4.9800+9.330%Aster4.9804+9.339%Kraken Futures4.9811+9.354%Hyperliquid4.9879+9.504%

ORDI on 19 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective ORDI/USDC PERP−8.479%+0.0033%1h$776$73K5.5xas long as short
Variational Omni ORDI−0.217%+0.0100%4h$26K$56K—as long as short
SunX ORDI-USDT−0.141%+0.0100%4h$1K$1.1M20xas long as short
Gate ORDI_USDTshort−0.100%+0.0100%4h$1.3M$2.5M50x
Bybit ORDIUSDT−0.080%+0.0100%4h$4.2M$3.6M50xas long as short
BingX ORDI-USDC−0.080%+0.0100%4h—$2.3M—as long as short
KuCoin ORDIUSDTM−0.032%+0.0100%4h$922K$760K50xas long as short
Bitget ORDIUSDT−0.020%+0.0100%4h$2.9M$2.7M50xas long as short
Extended ORDI-USD−0.010%+0.0104%1h$5K$172K5xas long as short
Binance ORDIUSDTlong0.000%+0.0100%4h$10.4M$27.4M50x
Show all 19 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
OKX ORDI-USDT-SWAP0.000%+0.0100%4h$5.7M$15.4M20xas long as short
BloFin ORDI-USDT0.000%+0.0122%4h$668K$298K75xas long as short
dYdX ORDI-USD+0.021%0.0000%1h$34K$6515xas long as short
MEXC ORDI_USDT+0.040%+0.0100%4h$7.0M$3.2M200xas long as short
GMX ORDI/USD [WBTC.b-USDC]+0.047%L +0.0240% / S −0.3359%1h$9K—100xas long as short
HTX ORDI-USDT+0.060%+0.0100%4h$86K$323K75xas long as short
Aster ORDIUSDT+0.068%+0.0100%4h$12K$390K5xas long as short
Kraken Futures PF_ORDIUSD+0.082%+0.1444%1h$66K$34K25xas long as short
Hyperliquid ORDI+0.219%+0.0330%1h$917K$497K3xas long as short