Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against BingX−0.021%7-day average +0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$910.910% of the position
Funding, last 7 days−0.079%−$8 on $10k
+Price spread, last 7 days+0.102%+$10 · spread now −0.021%, 7d avg +0.075%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.096% cheaper against BingX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.075%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ORDI-USDC | 4.8630 | 0.0100 | pay 0.0050% / 4h | 20m 30s | — | $2.3M | — |
| Short | Bybit ORDIUSDT | 4.8620 | 0.0100 | get 0.0050% / 4h | 20m 30s | $4.1M | $4.5M | 50x |
BingX ORDI-USDC
Bybit ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BingX. 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: −0.021% → +0.075%
- −$9.57
- Slippage, 4 orders
- −$70.01
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$100.58
- Costs to cover
- 0.910%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; Bybit: live order book, 2 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 BingX live order book, 3 min ago | 2.05 bp | 19.0 bp −$19 | 144.1 bp −$1,441 | 454.4 bp −$45.4K | 521.9 bp −$260.9K |
| Sell Bybit live order book, 2 min ago | 2.06 bp | 24.6 bp −$25 | 74.4 bp −$744 | 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 | −0.0306% | 1h | 4.8562 | −0.141% | $69K | $43K | 25x | as long as short |
| Gate ORDI_USDT | −0.0036% | 4h | 4.8650 | +0.041% | $1.2M | $2.7M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8626 | −0.009% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.334% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8702 | +0.148% | $703K | $667K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8644 | +0.030% | $10K | $386K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8665 | +0.071% | $9.9M | $33.8M | 50x | as long as short |
| Bybit ORDIUSDTshort | +0.0100% | 4h | 4.8620 | −0.021% | $4.1M | $4.5M | 50x | |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8650 | +0.041% | $5.2M | $17.7M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8640 | +0.021% | $6.6M | $3.3M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
Gate ORDI_USDT
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Binance 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 | 4.8623 | −0.014% | $1.0M | $794K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8630 | 0.000% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDClong | +0.0100% | 4h | 4.8630 | long leg | — | $2.3M | — | |
| Variational Omni ORDI | +0.0100% | 4h | 4.8616 | −0.028% | $26K | $32K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8580 | −0.103% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8620 | −0.021% | $84K | $363K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8631 | +0.003% | $5K | $221K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0126% | 4h | 4.8660 | +0.062% | $595K | $307K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8624 | −0.013% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]