After costs, if the gap returns to its 7d average, $10k−$76
spread now+0.102%7d average+0.083%fees + slippage, in and out−$78spread needed0.778%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ORDI-USDC | 4.8870 | 0.0100 | pay 0.0050% / 4h | 2h 12m | — | $2.3M | — |
| Short | BloFin ORDI-USDT | 4.8920 | 0.0092 | get 0.0046% / 4h | 2h 12m | $647K | $296K | 75x |
BingX ORDI-USDC
BloFin ORDI-USDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $10.23
- Funding while held
- −$0.23
- Slippage, 4 orders
- −$55.76
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$67.76
- Spread needed to break even
- 0.778%
Slippage from BingX: live order book, 12 min ago; BloFin: live order book, 26 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0008%
- Per $10,000 a day
- −$0.23
- Average in range /8h
- —
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 BingX live order book, 12 min ago | 1.01 bp | 17.7 bp −$18 | 99.8 bp −$998 | 489.5 bp −$49.0K | 614.8 bp −$307.4K |
| Sell BloFin live order book, 26 min ago | 2.02 bp | 21.7 bp −$22 | 59.9 bp −$599 | doesn't fit | doesn't fit |
ORDI price on every exchange
against the cheapest. Click to use as the short leg.Injective4.5550cheapest
Bybit4.8840+7.223%SunX4.8850+7.245%OKX4.8870+7.289%Gate4.8870+7.289%
Injective
Bybit
SunX
OKX
GateBingX4.8870+7.289%
KuCoin4.8877+7.304%Bitget4.8880+7.311%HTX4.8880+7.311%dYdX4.8900+7.354%Binance4.8901+7.356%GMX4.8905+7.366%Aster4.8906+7.368%MEXC4.8910+7.377%Extended4.8915+7.388%
KuCoin
Bitget
HTX
dYdX
Binance
GMX
Aster
MEXC
ExtendedBloFin4.8920+7.398%
Kraken Futures4.8938+7.438%Hyperliquid4.8985+7.541%Variational Omni4.9254+8.132%
Kraken Futures
Hyperliquid
Variational OmniORDI on 19 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ORDI/USDC PERP | −6.794% | +0.0033% | 1h | $776 | $52K | 5.5x | as long as short |
| Bybit ORDIUSDT | −0.061% | +0.0100% | 4h | $4.1M | $3.7M | 50x | as long as short |
| SunX ORDI-USDT | −0.041% | +0.0100% | 4h | $1K | $1.1M | 20x | as long as short |
| OKX ORDI-USDT-SWAP | 0.000% | +0.0100% | 4h | $5.4M | $15.7M | 20x | as long as short |
| Gate ORDI_USDT | 0.000% | −0.0084% | 4h | $1.3M | $2.6M | 50x | as long as short |
| BingX ORDI-USDClong | 0.000% | +0.0100% | 4h | — | $2.3M | — | |
| KuCoin ORDIUSDTM | +0.014% | +0.0100% | 4h | $892K | $791K | 50x | as long as short |
| Bitget ORDIUSDT | +0.020% | +0.0100% | 4h | $2.9M | $2.8M | 50x | as long as short |
| HTX ORDI-USDT | +0.020% | +0.0100% | 4h | $85K | $341K | 75x | as long as short |
| dYdX ORDI-USD | +0.061% | 0.0000% | 1h | $34K | $651 | 5x | as long as short |
Show all 19 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance ORDIUSDT | +0.063% | +0.0100% | 4h | $10.0M | $28.8M | 50x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | +0.072% | L +0.0239% / S −0.3359% | 1h | $8K | — | 100x | as long as short |
| Aster ORDIUSDT | +0.074% | +0.0100% | 4h | $7K | $393K | 5x | as long as short |
| MEXC ORDI_USDT | +0.082% | +0.0100% | 4h | $6.6M | $3.2M | 200x | as long as short |
| Extended ORDI-USD | +0.093% | +0.0104% | 1h | $5K | $172K | 5x | as long as short |
| BloFin ORDI-USDTshort | +0.102% | +0.0092% | 4h | $647K | $296K | 75x | |
| Kraken Futures PF_ORDIUSD | +0.139% | +0.0195% | 1h | $65K | $35K | 25x | as long as short |
| Hyperliquid ORDI | +0.235% | +0.0100% | 1h | $910K | $536K | 3x | as long as short |
| Variational Omni ORDI | +0.786% | +0.0100% | 4h | $24K | $58K | — | as long as short |