Funding you earn now, next payment 21:00 UTC−0.0044%/8h= −4.9% APRpaid last 24h −0.014%
Price spread now: Extended against BloFin+0.103%54s7-day average −0.055% · 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—prices read too far apart to compare
costs, in and out, $10k−$690.689% of the position
Funding, last 7 days−0.039%−$4 on $10k
+Price spread, last 3 days (all we have)−0.157%−$16 · spread now +0.103%, 7d avg −0.055%
=Together, before fees−0.196%+ Points / potential airdropExtended: Active · farm board−$20 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.158% dearer against BloFin than usual: you sell high and buy low (spread +0.103% now, against its 7-day average of −0.055%): +$16 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days. At the pace of the last 7 days (−0.039% in total) that is about 28 days. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ORDI-USDT | 4.9050 | 0.0148 | pay 0.0074% / 4h | 3h 30m | $616K | $287K | 75x |
| Short | Extended ORDI-USD | 4.9101 | 0.0104 | get 0.0013% / 1h | 30m 20s | $5K | $172K | 5x |
BloFin ORDI-USDT
Extended ORDI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$9.3
- Price spread: +0.103% → −0.055%
- $15.8
- Slippage, 4 orders
- −$51.9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$62.4
- Costs to cover
- 0.689%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 16 min ago; Extended: live order book, 16 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, 16 min ago | 5.13 bp | 16.9 bp −$17 | 46.5 bp −$465 | doesn't fit | doesn't fit |
| Sell Extended live order book, 16 min ago | 2.77 bp | 16.1 bp −$16 | 136.3 bp −$1,363 | 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 | 4.9054 | +0.008% | $34K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.136% | $776 | $20K | 5.5x | as long as short |
| Gate ORDI_USDT | +0.0060% | 4h | 4.9040 | −0.020% | $1.3M | $2.7M | 50x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9142 | +0.187% | $5K | $416K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9086 | +0.074% | $10.1M | $30.2M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.9050 | 0.000% | $4.1M | $4.0M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9050 | 0.000% | $5.4M | $16.1M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9110 | +0.122% | $7.1M | $3.2M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.9061 | +0.022% | $913K | $821K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9070 | +0.041% | $2.9M | $2.9M | 50x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
Gate ORDI_USDT
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
MEXC ORDI_USDT
KuCoin ORDIUSDTM
Bitget ORDIUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ORDI-USDC | +0.0100% | 4h | 4.9030 | −0.041% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.9049 | −0.001% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.9010 | −0.082% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9060 | +0.020% | $85K | $352K | 75x | as long as short |
| Extended ORDI-USDshort | +0.0104% | 1h | 4.9101 | +0.103% | $5K | $172K | 5x | |
| BloFin ORDI-USDTlong | +0.0148% | 4h | 4.9050 | long leg | $616K | $287K | 75x | |
| Hyperliquid ORDI | +0.0235% | 1h | 4.9187 | +0.279% | $911K | $534K | 3x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.9085 | +0.070% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.0568% | 1h | 4.9185 | +0.275% | $66K | $42K | 25x | as long as short |
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Hyperliquid ORDI
GMX ORDI/USD [WBTC.b-USDC]
Kraken Futures PF_ORDIUSD