Funding arb · Price arb /

ORDI

all ORDI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance+0.020%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$330.326% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days0.000%$0 · spread now +0.020%, 7d avg −0.005%

Together, before fees0.000%$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.025% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ORDIUSDT	4.8870	0.0100	pay 0.0050% / 4h	14m 18s	$10.0M	$33.4M	50x
Short	MEXC ORDI_USDT	4.8880	0.0100	get 0.0050% / 4h	14m 18s	$6.8M	$3.4M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Binance. 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 BinancebpFee MEXCbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → −0.005%: $2.53
Slippage, 4 orders: −$22.58
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$30.05
Costs to cover: 0.326%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; MEXC: live order book, 3 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, 12 min ago	1.02 bp	12.5 bp −$13	29.0 bp −$290	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.02 bp	4.6 bp −$5	15.4 bp −$154	52.5 bp −$5,251	101.2 bp −$50.6K

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	−0.0372%	1h	4.8785	−0.174%	$72K	$44K	25x	as long as short
dYdX ORDI-USD	0.0000%	1h	4.8838	−0.066%	$33K	$651	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−6.794%	$776	$20K	5.5x	as long as short
BloFin ORDI-USDT	+0.0071%	4h	4.8870	0.000%	$600K	$305K	75x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.8861	−0.018%	$14K	$428K	5x	as long as short
Binance ORDIUSDTlong	+0.0100%	4h	4.8870	long leg	$10.0M	$33.4M	50x
Bybit ORDIUSDT	+0.0100%	4h	4.8830	−0.082%	$4.2M	$4.6M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.8840	−0.061%	$5.2M	$17.3M	20x	as long as short
Gate ORDI_USDT	+0.0100%	4h	4.8860	−0.020%	$1.3M	$2.7M	50x	as long as short
MEXC ORDI_USDTshort	+0.0100%	4h	4.8880	+0.020%	$6.8M	$3.4M	200x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ORDIUSDTM	+0.0100%	4h	4.8872	+0.004%	$975K	$865K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.8860	−0.020%	$2.9M	$3.5M	50x	as long as short
BingX ORDI-USDT	+0.0100%	4h	4.8860	−0.020%	—	$27.0M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.8791	−0.161%	$24K	$51K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8800	−0.143%	$1K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.8830	−0.082%	$81K	$402K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.8857	−0.027%	$2K	$183K	5x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0239% / S −0.3359%	1h	4.8831	−0.079%	$8K	—	100x	as long as short
Hyperliquid ORDI	+0.0334%	1h	4.8953	+0.170%	$704K	$660K	3x	as long as short