ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.05 per $10,000 · paid last 24h −0.016%

Price spread now: BingX against BloFin0.000%7-day average −0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$740.742% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 4 days (all we have)−0.102%−$10 · spread now 0.000%, 7d avg −0.078%

Together, before fees−0.089%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.078% dearer against BloFin than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.078%): +$8 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 25 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ORDI-USDT	4.9040	0.0110	pay 0.0055% / 4h	1h 18m	$596K	$313K	75x
Short	BingX ORDI-USDC	4.9040	0.0100	get 0.0050% / 4h	1h 18m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against BloFin. 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 BloFinbpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$2.18
Price spread: 0.000% → −0.078%: $7.8
Slippage, 4 orders: −$52.18
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$68.56
Costs to cover: 0.742%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; BingX: live order book, 9 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 BloFin live order book, 3 min ago	1.02 bp	12.5 bp −$13	22.1 bp −$221	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	1.02 bp	25.4 bp −$25	116.6 bp −$1,166	427.9 bp −$42.8K	658.2 bp −$329.1K

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	−0.0541%	1h	4.8988	−0.106%	$70K	$44K	25x	as long as short
Gate ORDI_USDT	−0.0084%	4h	4.9010	−0.061%	$1.3M	$2.7M	50x	as long as short
dYdX ORDI-USD	0.0000%	1h	4.8937	−0.210%	$34K	$577	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−7.117%	$776	$20K	5.5x	as long as short
Hyperliquid ORDI	+0.0100%	1h	4.9112	+0.147%	$708K	$667K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.9053	+0.026%	$4K	$423K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.9050	+0.020%	$10.0M	$34.5M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.8990	−0.102%	$4.1M	$4.7M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.9010	−0.061%	$5.2M	$18.1M	20x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	4.9040	0.000%	$6.5M	$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	4.9019	−0.043%	$995K	$820K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.9050	+0.020%	$2.8M	$3.6M	50x	as long as short
BingX ORDI-USDCshort	+0.0100%	4h	4.9040	0.000%	—	$2.3M	—
Variational Omni ORDI	+0.0100%	4h	4.8936	−0.211%	$26K	$42K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8960	−0.163%	$1K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.8990	−0.102%	$85K	$431K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.9027	−0.025%	$3K	$159K	5x	as long as short
BloFin ORDI-USDTlong	+0.0110%	4h	4.9040	long leg	$596K	$313K	75x
GMX ORDI/USD [WBTC.b-USDC]	L +0.0240% / S −0.3359%	1h	4.9008	−0.065%	$8K	—	100x	as long as short