Funding you earn now, next payment 08:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.27 per $10,000 · paid last 24h −0.016%
Price spread now: MEXC against BloFin+0.182%109s7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as 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−$350.348% of the position
Funding, last 7 days−0.041%−$4 on $10k
+Price spread, last 4 days (all we have)−0.219%−$22 · spread now +0.182%, 7d avg −0.015%
=The price spread pays, funding is against you. MEXC is 0.197% dearer against BloFin than usual: you sell high and buy low (spread +0.182% now, against its 7-day average of −0.015%): +$20 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 12 days. At the pace of the last 7 days (−0.041% in total) that is about 34 days. The two prices were read 109 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 | 4.9570 | 0.0154 | pay 0.0077% / 4h | 3h 43m | $605K | $310K | 75x |
| Short | MEXC ORDI_USDT | 4.9660 | 0.0100 | get 0.0050% / 4h | 3h 43m | $6.9M | $3.3M | 200x |
BloFin ORDI-USDT
MEXC ORDI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$11.41
- Price spread: +0.182% → −0.015%
- $19.7
- Slippage, 4 orders
- −$22.83
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$26.54
- Costs to cover
- 0.348%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 53 min ago; MEXC: live order book, 4 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, 53 min ago | 4.13 bp | 11.8 bp −$12 | 21.6 bp −$216 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 1.01 bp | 4.7 bp −$5 | 13.8 bp −$138 | 50.5 bp −$5,052 | 112.9 bp −$56.5K |
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 | −0.0566% | 1h | 4.9600 | +0.060% | $73K | $44K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.9610 | +0.081% | $34K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −8.110% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.9697 | +0.256% | $715K | $661K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9640 | +0.142% | $11K | $423K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9660 | +0.181% | $10.1M | $33.7M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.9640 | +0.141% | $4.2M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9590 | +0.040% | $5.4M | $17.8M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.9640 | +0.141% | $1.3M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDTshort | +0.0100% | 4h | 4.9660 | +0.182% | $6.9M | $3.3M | 200x |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.9633 | +0.127% | $978K | $854K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9640 | +0.141% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.9590 | +0.040% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.9611 | +0.083% | $24K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.9540 | −0.061% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9570 | 0.000% | $83K | $410K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9636 | +0.133% | $3K | $180K | 5x | as long as short |
| BloFin ORDI-USDTlong | +0.0154% | 4h | 4.9570 | long leg | $605K | $310K | 75x | |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.9621 | +0.102% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]