Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Bybit−0.081%7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$900.896% of the position
Funding, last 7 days+0.110%+$11 on $10k
+Price spread, last 7 days−0.028%−$3 · spread now −0.081%, 7d avg −0.079%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ORDIUSDT | 4.9320 | 0.0100 | pay 0.0050% / 4h | 3h 25m | $4.2M | $4.2M | 50x |
| Short | BingX ORDI-USDC | 4.9280 | 0.0100 | get 0.0050% / 4h | 3h 25m | — | $2.3M | — |
Bybit ORDIUSDT
BingX ORDI-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. 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
- $0
- Price spread: −0.081% → −0.079%
- −$0.18
- Slippage, 4 orders
- −$68.59
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$89.77
- Costs to cover
- 0.896%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; BingX: live order book, 7 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 Bybit live order book, 2 min ago | 1.02 bp | 25.8 bp −$26 | 65.7 bp −$657 | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 1.02 bp | 18.0 bp −$18 | 101.7 bp −$1,017 | 464.0 bp −$46.4K | 564.3 bp −$282.2K |
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 | 4.9312 | −0.017% | $34K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.644% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.9421 | +0.205% | $716K | $654K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9362 | +0.084% | $5K | $421K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9360 | +0.082% | $10.1M | $31.6M | 50x | as long as short |
| Bybit ORDIUSDTlong | +0.0100% | 4h | 4.9320 | long leg | $4.2M | $4.2M | 50x | |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9250 | −0.142% | $5.4M | $16.7M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.9320 | 0.000% | $1.3M | $2.6M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9360 | +0.081% | $7.2M | $3.4M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.9364 | +0.089% | $958K | $805K | 50x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Binance 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 ORDIUSDT | +0.0100% | 4h | 4.9330 | +0.020% | $2.9M | $3.0M | 50x | as long as short |
| BingX ORDI-USDCshort | +0.0100% | 4h | 4.9280 | −0.081% | — | $2.3M | — | |
| Variational Omni ORDI | +0.0100% | 4h | 4.9302 | −0.037% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.9290 | −0.061% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9330 | +0.020% | $90K | $348K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9346 | +0.054% | $4K | $226K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0105% | 4h | 4.9300 | −0.041% | $605K | $312K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.9338 | +0.036% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.2931% | 1h | 4.9533 | +0.432% | $66K | $39K | 25x | as long as short |
Bitget ORDIUSDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]
Kraken Futures PF_ORDIUSD