After costs, if the gap returns to its 7d average, $10k−$64
spread now0.000%7d average+0.004%fees + slippage, in and out−$64spread needed0.637%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ORDIUSDT | 4.8700 | 0.0100 | pay 0.0050% / 4h | 1h 57m | $2.9M | $2.8M | 50x |
| Short | OKX ORDI-USDT-SWAP | 4.8700 | 0.0100 | get 0.0050% / 4h | 1h 57m | $5.4M | $15.9M | 20x |
Bitget ORDIUSDT
OKX ORDI-USDT-SWAPPrice 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
- $0
- Funding while held
- $0
- Slippage, 4 orders
- −$41.71
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$63.71
- Spread needed to break even
- 0.637%
Slippage from Bitget: live order book, 2 min ago; OKX: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 Bitget live order book, 2 min ago | 3.09 bp | 16.5 bp −$16 | 37.2 bp −$372 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 1.03 bp | 16.3 bp −$16 | 47.9 bp −$479 | doesn't fit | doesn't fit |
ORDI price on every exchange
against the cheapest. Click to use as the short leg.Injective4.5550cheapest
SunX4.8520+6.520%HTX4.8570+6.630%dYdX4.8587+6.668%Kraken Futures4.8615+6.729%BingX4.8640+6.784%BloFin4.8640+6.784%Bybit4.8650+6.806%Extended4.8658+6.823%Aster4.8664+6.836%Variational Omni4.8665+6.838%Gate4.8670+6.850%KuCoin4.8684+6.880%
Injective
SunX
HTX
dYdX
Kraken Futures
BingX
BloFin
Bybit
Extended
Aster
Variational Omni
Gate
KuCoinOKX4.8700+6.915%
Bitget4.8700+6.915%
Binance4.8715+6.949%GMX4.8719+6.958%MEXC4.8720+6.959%Hyperliquid4.8787+7.106%
Binance
GMX
MEXC
HyperliquidORDI on 19 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ORDI/USDC PERP | −6.468% | +0.0033% | 1h | $776 | $20K | 5.5x | as long as short |
| SunX ORDI-USDT | −0.370% | +0.0100% | 4h | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | −0.267% | +0.0100% | 4h | $84K | $346K | 75x | as long as short |
| dYdX ORDI-USD | −0.231% | 0.0000% | 1h | $33K | $651 | 5x | as long as short |
| Kraken Futures PF_ORDIUSD | −0.175% | +0.0197% | 1h | $64K | $35K | 25x | as long as short |
| BingX ORDI-USDC | −0.123% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| BloFin ORDI-USDT | −0.123% | +0.0060% | 4h | $635K | $297K | 75x | as long as short |
| Bybit ORDIUSDT | −0.103% | +0.0100% | 4h | $4.1M | $3.8M | 50x | as long as short |
| Extended ORDI-USD | −0.087% | +0.0104% | 1h | $5K | $172K | 5x | as long as short |
| Aster ORDIUSDT | −0.075% | +0.0100% | 4h | $17K | $404K | 5x | as long as short |
Show all 19 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni ORDI | −0.073% | +0.0100% | 4h | $24K | $58K | — | as long as short |
| Gate ORDI_USDT | −0.062% | −0.0006% | 4h | $1.3M | $2.6M | 50x | as long as short |
| KuCoin ORDIUSDTM | −0.033% | +0.0100% | 4h | $908K | $795K | 50x | as long as short |
| OKX ORDI-USDT-SWAPshort | 0.000% | +0.0100% | 4h | $5.4M | $15.9M | 20x | |
| Bitget ORDIUSDTlong | 0.000% | +0.0100% | 4h | $2.9M | $2.8M | 50x | |
| Binance ORDIUSDT | +0.031% | +0.0100% | 4h | $9.9M | $29.2M | 50x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | +0.040% | L +0.0239% / S −0.3359% | 1h | $8K | — | 100x | as long as short |
| MEXC ORDI_USDT | +0.041% | +0.0100% | 4h | $6.6M | $3.1M | 200x | as long as short |
| Hyperliquid ORDI | +0.179% | +0.0100% | 1h | $906K | $531K | 3x | as long as short |