Funding arb · Price arb /

ORDI

all ORDI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: Gate against Bitget+0.041%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$760.760% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 7 days−0.005%$0 · spread now +0.041%, 7d avg −0.022%

Together, before fees−0.075%−$8 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: Gate is 0.063% dearer against Bitget than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ORDIUSDT	4.8460	0.0100	pay 0.0050% / 4h	1h 26m	$2.9M	$3.0M	50x
Short	Gate ORDI_USDT	4.8480	0.0100	get 0.0050% / 4h	1h 26m	$1.2M	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bitget. 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 BitgetbpFee GatebpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → −0.022%: $6.34
Slippage, 4 orders: −$48.96
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$69.62
Costs to cover: 0.760%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Gate: live order book, 1 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, 1 min ago	2.06 bp	15.4 bp −$15	35.0 bp −$350	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	3.10 bp	24.3 bp −$24	86.8 bp −$868	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
dYdX ORDI-USD	0.0000%	1h	4.8451	−0.018%	$33K	$651	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−6.005%	$776	$20K	5.5x	as long as short
BloFin ORDI-USDT	+0.0063%	4h	4.8520	+0.124%	$605K	$307K	75x	as long as short
Hyperliquid ORDI	+0.0100%	1h	4.8563	+0.213%	$706K	$648K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.8514	+0.111%	$5K	$415K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.8482	+0.045%	$9.9M	$30.9M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.8430	−0.062%	$4.1M	$4.2M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.8430	−0.062%	$5.3M	$16.2M	20x	as long as short
Gate ORDI_USDTshort	+0.0100%	4h	4.8480	+0.041%	$1.2M	$2.7M	50x
MEXC ORDI_USDT	+0.0100%	4h	4.8470	+0.021%	$7.0M	$3.3M	200x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ORDIUSDTM	+0.0100%	4h	4.8488	+0.058%	$926K	$826K	50x	as long as short
Bitget ORDIUSDTlong	+0.0100%	4h	4.8460	long leg	$2.9M	$3.0M	50x
BingX ORDI-USDT	+0.0100%	4h	4.8480	+0.041%	—	$24.3M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.8509	+0.101%	$24K	$56K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8430	−0.062%	$2K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.8440	−0.041%	$88K	$362K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.8471	+0.023%	$5K	$172K	5x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0239% / S −0.3359%	1h	4.8474	+0.028%	$8K	—	100x	as long as short
Kraken Futures PF_ORDIUSD	+0.2962%	1h	4.8639	+0.369%	$66K	$42K	25x	as long as short