Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Bitget+0.016%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$600.601% of the position
Funding, last 7 days−0.049%−$5 on $10k
+Price spread, last 4 days (all we have)−0.371%−$37 · spread now +0.016%, 7d avg −0.024%
=Together, before fees−0.420%+ Points / potential airdropExtended: Active · farm board−$42 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: Extended is 0.041% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.024%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ORDIUSDT | 4.8810 | 0.0100 | pay 0.0050% / 4h | 1h 09m | $2.9M | $3.5M | 50x |
| Short | Extended ORDI-USD | 4.8818 | 0.0104 | get 0.0013% / 1h | 9m 54s | $5K | $190K | 5x |
Bitget ORDIUSDT
Extended ORDI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $0.84
- Price spread: +0.016% → −0.024%
- $4.06
- Slippage, 4 orders
- −$43.1
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$55.2
- Costs to cover
- 0.601%
- Break-even
- 467.0 days
Slippage from Bitget: live order book, 3 min ago; Extended: live order book, 51 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, 3 min ago | 2.05 bp | 14.3 bp −$14 | 22.5 bp −$225 | doesn't fit | doesn't fit |
| Sell Extended live order book, 51 min ago | 2.35 bp | 16.0 bp −$16 | 111.9 bp −$1,119 | 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 | −0.0351% | 1h | 4.8790 | −0.040% | $72K | $45K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8835 | +0.052% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.679% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0058% | 4h | 4.8890 | +0.164% | $610K | $305K | 75x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8832 | +0.046% | $13K | $428K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8827 | +0.035% | $10.0M | $33.6M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8770 | −0.082% | $4.2M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8810 | 0.000% | $5.2M | $17.5M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8790 | −0.041% | $1.3M | $2.8M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8820 | +0.020% | $6.9M | $3.4M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
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 | 4.8804 | −0.012% | $979K | $878K | 50x | as long as short |
| Bitget ORDIUSDTlong | +0.0100% | 4h | 4.8810 | long leg | $2.9M | $3.5M | 50x | |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8800 | −0.020% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8775 | −0.071% | $24K | $55K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8840 | +0.061% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8830 | +0.041% | $81K | $394K | 75x | as long as short |
| Extended ORDI-USDshort | +0.0104% | 1h | 4.8818 | +0.016% | $5K | $190K | 5x | |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8788 | −0.045% | $8K | — | 100x | as long as short |
| Hyperliquid ORDI | +0.0272% | 1h | 4.8878 | +0.139% | $705K | $661K | 3x | as long as short |
KuCoin ORDIUSDTM
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]
Hyperliquid ORDI