Funding you earn now, next payment 04:00 UTC−0.0031%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.012%
Price spread now: OKX against BloFin−0.247%53s7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as 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−$560.563% of the position
Funding, last 7 days−0.049%−$5 on $10k
+Price spread, last 4 days (all we have)+0.191%+$19 · spread now −0.247%, 7d avg −0.035%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.213% cheaper against BloFin than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.035%). Swap the legs. The two prices were read 53 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 | 4.8500 | 0.0131 | pay 0.0065% / 4h | 36m 19s | $597K | $304K | 75x |
| Short | OKX ORDI-USDT-SWAP | 4.8380 | 0.0100 | get 0.0050% / 4h | 36m 19s | $5.2M | $17.3M | 20x |
BloFin ORDI-USDT
OKX ORDI-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$6.42
- Price spread: −0.247% → −0.035%
- −$21.26
- Slippage, 4 orders
- −$34.32
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$84
- Costs to cover
- 0.563%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 63 min ago; OKX: live order book, 2 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, 63 min ago | 2.05 bp | 18.6 bp −$19 | 46.2 bp −$462 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 1.03 bp | 14.5 bp −$14 | 44.6 bp −$446 | 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 | −0.0375% | 1h | 4.8433 | −0.138% | $71K | $44K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8386 | −0.234% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.082% | $776 | $20K | 5.5x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8362 | −0.285% | $14K | $428K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8375 | −0.257% | $9.9M | $33.7M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8360 | −0.289% | $4.1M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAPshort | +0.0100% | 4h | 4.8380 | −0.247% | $5.2M | $17.3M | 20x | |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8350 | −0.309% | $1.2M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8360 | −0.289% | $6.8M | $3.4M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8341 | −0.328% | $965K | $876K | 50x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
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 ORDIUSDT | +0.0100% | 4h | 4.8350 | −0.309% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.8360 | −0.289% | — | $27.1M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8346 | −0.317% | $24K | $55K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8390 | −0.227% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8440 | −0.124% | $82K | $402K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8382 | −0.244% | $2K | $188K | 5x | as long as short |
| BloFin ORDI-USDTlong | +0.0131% | 4h | 4.8500 | long leg | $597K | $304K | 75x | |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8325 | −0.361% | $8K | — | 100x | as long as short |
| Hyperliquid ORDI | +0.0511% | 1h | 4.8447 | −0.109% | $697K | $660K | 3x | as long as short |
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]
Hyperliquid ORDI