After costs, if the gap returns to its 7d average, $10k−$73
spread now−0.061%7d average−0.077%fees + slippage, in and out−$75spread needed0.747%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ORDI-USDT | 4.8920 | 0.0092 | pay 0.0046% / 4h | 2h 12m | $647K | $296K | 75x |
| Short | Bybit ORDIUSDT | 4.8890 | 0.0100 | get 0.0050% / 4h | 2h 12m | $4.1M | $3.7M | 50x |
BloFin ORDI-USDT
Bybit ORDIUSDTPrice 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
- −$6.13
- Funding while held
- $0.23
- Slippage, 4 orders
- −$51.69
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$80.6
- Spread needed to break even
- 0.747%
Slippage from BloFin: live order book, 25 min ago; Bybit: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0008%
- Per $10,000 a day
- +$0.23
- 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 BloFin live order book, 25 min ago | 2.02 bp | 12.0 bp −$12 | 43.9 bp −$439 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 2.04 bp | 23.9 bp −$24 | 78.3 bp −$783 | doesn't fit | doesn't fit |
ORDI price on every exchange
against the cheapest. Click to use as the short leg.Injective4.5550cheapest
InjectiveBybit4.8890+7.333%
Gate4.8900+7.355%KuCoin4.8904+7.363%SunX4.8910+7.377%BingX4.8920+7.398%
Gate
KuCoin
SunX
BingXBloFin4.8920+7.398%
Bitget4.8930+7.420%Extended4.8938+7.438%OKX4.8940+7.442%Binance4.8943+7.448%MEXC4.8950+7.464%Aster4.8962+7.491%GMX4.8969+7.506%HTX4.8970+7.508%Kraken Futures4.8975+7.520%Hyperliquid4.8997+7.568%dYdX4.9124+7.846%Variational Omni4.9254+8.132%
Bitget
Extended
OKX
Binance
MEXC
Aster
GMX
HTX
Kraken Futures
Hyperliquid
dYdX
Variational OmniORDI on 19 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ORDI/USDC PERP | −6.889% | +0.0033% | 1h | $776 | $52K | 5.5x | as long as short |
| Bybit ORDIUSDTshort | −0.061% | +0.0100% | 4h | $4.1M | $3.7M | 50x | |
| Gate ORDI_USDT | −0.041% | −0.0088% | 4h | $1.3M | $2.6M | 50x | as long as short |
| KuCoin ORDIUSDTM | −0.033% | +0.0100% | 4h | $892K | $791K | 50x | as long as short |
| SunX ORDI-USDT | −0.020% | +0.0100% | 4h | $2K | $1.1M | 20x | as long as short |
| BingX ORDI-USDC | 0.000% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| BloFin ORDI-USDTlong | 0.000% | +0.0092% | 4h | $647K | $296K | 75x | |
| Bitget ORDIUSDT | +0.020% | +0.0100% | 4h | $2.9M | $2.8M | 50x | as long as short |
| Extended ORDI-USD | +0.037% | +0.0104% | 1h | $5K | $172K | 5x | as long as short |
| OKX ORDI-USDT-SWAP | +0.041% | +0.0100% | 4h | $5.4M | $15.8M | 20x | as long as short |
Show all 19 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance ORDIUSDT | +0.047% | +0.0100% | 4h | $10.0M | $28.8M | 50x | as long as short |
| MEXC ORDI_USDT | +0.061% | +0.0100% | 4h | $6.6M | $3.2M | 200x | as long as short |
| Aster ORDIUSDT | +0.086% | +0.0100% | 4h | $7K | $393K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | +0.100% | L +0.0239% / S −0.3359% | 1h | $8K | — | 100x | as long as short |
| HTX ORDI-USDT | +0.102% | +0.0100% | 4h | $85K | $341K | 75x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.113% | +0.0195% | 1h | $65K | $35K | 25x | as long as short |
| Hyperliquid ORDI | +0.157% | +0.0100% | 1h | $910K | $536K | 3x | as long as short |
| dYdX ORDI-USD | +0.417% | 0.0000% | 1h | $34K | $651 | 5x | as long as short |
| Variational Omni ORDI | +0.683% | +0.0100% | 4h | $24K | $58K | — | as long as short |