Funding you earn now, next payment 12:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.20 per $10,000 · paid last 24h +0.018%
Price spread now: BloFin against Bitget+0.061%75s7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$580.585% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.061%, 7d avg +0.027%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.034% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.027%. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ORDIUSDT | 4.8790 | 0.0100 | pay 0.0050% / 4h | 3h 21m | $2.8M | $3.6M | 50x |
| Short | BloFin ORDI-USDT | 4.8820 | 0.0140 | get 0.0070% / 4h | 3h 21m | $594K | $307K | 75x |
Bitget ORDIUSDT
BloFin ORDI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- $8.4
- Price spread: +0.061% → +0.027%
- $3.41
- Slippage, 4 orders
- −$34.45
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$46.64
- Costs to cover
- 0.585%
- Break-even
- 45.9 days
Slippage from Bitget: live order book, 6 min ago; BloFin: live order book, 54 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 Bitget live order book, 6 min ago | 3.10 bp | 17.0 bp −$17 | 35.2 bp −$352 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 54 min ago | 3.07 bp | 13.2 bp −$13 | 25.4 bp −$254 | 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 | −0.0449% | 1h | 4.8772 | −0.036% | $69K | $43K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8737 | −0.109% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.641% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8917 | +0.260% | $705K | $654K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8805 | +0.031% | $10K | $345K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8820 | +0.061% | $9.9M | $33.8M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8780 | −0.020% | $4.1M | $4.4M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8790 | 0.000% | $5.2M | $17.9M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8770 | −0.041% | $1.2M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8810 | +0.041% | $6.6M | $3.2M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
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 | 4.8775 | −0.031% | $1.0M | $792K | 50x | as long as short |
| Bitget ORDIUSDTlong | +0.0100% | 4h | 4.8790 | long leg | $2.8M | $3.6M | 50x | |
| BingX ORDI-USDT | +0.0100% | 4h | 4.8790 | 0.000% | — | $26.9M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8351 | −0.901% | $25K | $33K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8780 | −0.020% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8790 | 0.000% | $87K | $345K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8836 | +0.095% | $5K | $223K | 5x | as long as short |
| BloFin ORDI-USDTshort | +0.0140% | 4h | 4.8820 | +0.061% | $594K | $307K | 75x | |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8763 | −0.056% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]