After costs, if the gap returns to its 7d average, $10k−$81
spread now+0.041%7d average+0.073%fees + slippage, in and out−$78spread needed0.776%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ORDIUSDT | 4.9140 | 0.0100 | pay 0.0050% / 4h | 0m 39s | $4.1M | $3.1M | 50x |
| Short | BloFin ORDI-USDT | 4.9160 | 0.0113 | get 0.0057% / 4h | 0m 39s | $641K | $293K | 75x |
Bybit ORDIUSDT
BloFin ORDI-USDTPrice 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
- $4.07
- Funding while held
- $0.4
- Slippage, 4 orders
- −$54.57
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$73.1
- Spread needed to break even
- 0.776%
Slippage from Bybit: live order book, 3 min ago; BloFin: live order book, 47 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0013%
- Per $10,000 a day
- +$0.40
- 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 Bybit live order book, 3 min ago | 2.03 bp | 23.4 bp −$23 | 81.4 bp −$814 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 47 min ago | 1.01 bp | 14.7 bp −$15 | 40.2 bp −$402 | doesn't fit | doesn't fit |
ORDI price on every exchange
against the cheapest. Click to use as the short leg.Injective4.5550cheapest
BingX4.9100+7.794%Gate4.9110+7.816%SunX4.9110+7.816%dYdX4.9115+7.827%Extended4.9130+7.860%Aster4.9138+7.877%
Injective
BingX
Gate
SunX
dYdX
Extended
AsterBybit4.9140+7.881%
KuCoin4.9156+7.917%OKX4.9160+7.925%
KuCoin
OKXBloFin4.9160+7.925%
MEXC4.9170+7.947%Bitget4.9170+7.947%Binance4.9172+7.951%HTX4.9190+7.991%GMX4.9197+8.006%Hyperliquid4.9220+8.057%Kraken Futures4.9263+8.150%Variational Omni4.9433+8.524%
MEXC
Bitget
Binance
HTX
GMX
Hyperliquid
Kraken Futures
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 | −7.306% | +0.0033% | 1h | $776 | $73K | 5.5x | as long as short |
| BingX ORDI-USDC | −0.081% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| Gate ORDI_USDT | −0.061% | +0.0078% | 4h | $1.2M | $2.2M | 50x | as long as short |
| SunX ORDI-USDT | −0.061% | +0.0100% | 4h | $1K | $1.0M | 20x | as long as short |
| dYdX ORDI-USD | −0.051% | 0.0000% | 1h | $34K | $356 | 5x | as long as short |
| Extended ORDI-USD | −0.020% | +0.0104% | 1h | $5K | $172K | 5x | as long as short |
| Aster ORDIUSDT | −0.005% | +0.0100% | 4h | $13K | $326K | 5x | as long as short |
| Bybit ORDIUSDTlong | 0.000% | +0.0100% | 4h | $4.1M | $3.1M | 50x | |
| KuCoin ORDIUSDTM | +0.033% | +0.0100% | 4h | $974K | $564K | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.041% | +0.0100% | 4h | $5.3M | $11.4M | 20x | as long as short |
Show all 19 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin ORDI-USDTshort | +0.041% | +0.0113% | 4h | $641K | $293K | 75x | |
| MEXC ORDI_USDT | +0.061% | +0.0100% | 4h | $7.5M | $3.0M | 200x | as long as short |
| Bitget ORDIUSDT | +0.061% | +0.0100% | 4h | $2.9M | $2.4M | 50x | as long as short |
| Binance ORDIUSDT | +0.065% | +0.0100% | 4h | $9.8M | $22.4M | 50x | as long as short |
| HTX ORDI-USDT | +0.102% | +0.0100% | 4h | $92K | $276K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | +0.116% | L +0.0209% / S −0.0629% | 1h | $4K | — | 100x | as long as short |
| Hyperliquid ORDI | +0.163% | +0.0100% | 1h | $599K | $304K | 3x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.249% | +0.0603% | 1h | $68K | $21K | 25x | as long as short |
| Variational Omni ORDI | +0.596% | +0.0100% | 4h | $29K | $53K | — | as long as short |