Funding you earn now, next payment 04:00 UTC−0.0025%/8h= −2.8% APRnext payment −$0.13 per $10,000 · paid last 24h −0.012%
Price spread now: Bitget against BloFin−0.062%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$600.600% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.062%, 7d avg −0.031%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.031% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.031%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ORDI-USDT | 4.8550 | 0.0125 | pay 0.0063% / 4h | 1h 05m | $604K | $303K | 75x |
| Short | Bitget ORDIUSDT | 4.8520 | 0.0100 | get 0.0050% / 4h | 1h 05m | $2.9M | $3.5M | 50x |
BloFin ORDI-USDT
Bitget ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BloFin. 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
- −$5.29
- Price spread: −0.062% → −0.031%
- −$3.08
- Slippage, 4 orders
- −$36.01
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$68.38
- Costs to cover
- 0.600%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 34 min ago; Bitget: live order book, 3 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, 34 min ago | 2.05 bp | 18.6 bp −$19 | 46.2 bp −$462 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 3.09 bp | 15.3 bp −$15 | 32.2 bp −$322 | 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 | −0.0353% | 1h | 4.8442 | −0.223% | $71K | $45K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8450 | −0.205% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.179% | $776 | $20K | 5.5x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8495 | −0.114% | $13K | $429K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8505 | −0.092% | $9.9M | $33.7M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8480 | −0.144% | $4.2M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8500 | −0.103% | $5.2M | $17.4M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8470 | −0.165% | $1.3M | $2.8M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8510 | −0.082% | $6.8M | $3.4M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8490 | −0.124% | $974K | $878K | 50x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
MEXC ORDI_USDT
KuCoin ORDIUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ORDIUSDTshort | +0.0100% | 4h | 4.8520 | −0.062% | $2.9M | $3.5M | 50x | |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8420 | −0.268% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8436 | −0.236% | $24K | $55K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8410 | −0.288% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8440 | −0.227% | $80K | $395K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8485 | −0.133% | $5K | $190K | 5x | as long as short |
| BloFin ORDI-USDTlong | +0.0125% | 4h | 4.8550 | long leg | $604K | $303K | 75x | |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8443 | −0.220% | $8K | — | 100x | as long as short |
| Hyperliquid ORDI | +0.0284% | 1h | 4.8591 | +0.084% | $699K | $662K | 3x | as long as short |
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]
Hyperliquid ORDI