After costs, if the gap returns to its 7d average, $10k−$57
spread now+0.191%7d average+0.009%fees + slippage, in and out−$75spread needed0.750%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ORDIUSDT | 4.8850 | 0.0100 | pay 0.0050% / 4h | 2h 12m | $4.1M | $3.7M | 50x |
| Short | Extended ORDI-USD | 4.8943 | 0.0104 | get 0.0013% / 1h | 12m 29s | $5K | $172K | 5x |
Bybit ORDIUSDT
Extended ORDI-USDPrice 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
- $19.08
- Funding while held
- $0.12
- Slippage, 4 orders
- −$58.99
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$55.79
- Spread needed to break even
- 0.750%
Slippage from Bybit: live order book, 2 min ago; Extended: live order book, 37 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0004%
- Per $10,000 a day
- +$0.12
- 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, 2 min ago | 2.04 bp | 17.1 bp −$17 | 72.3 bp −$723 | doesn't fit | doesn't fit |
| Sell Extended live order book, 37 min ago | 3.10 bp | 17.7 bp −$18 | 142.6 bp −$1,426 | doesn't fit | doesn't fit |
ORDI price on every exchange
against the cheapest. Click to use as the short leg.Injective4.5550cheapest
InjectiveBybit4.8850+7.245%
OKX4.8870+7.289%KuCoin4.8877+7.304%Gate4.8880+7.311%Bitget4.8890+7.333%dYdX4.8900+7.354%MEXC4.8910+7.377%BingX4.8910+7.377%SunX4.8910+7.377%BloFin4.8920+7.398%Binance4.8922+7.403%
OKX
KuCoin
Gate
Bitget
dYdX
MEXC
BingX
SunX
BloFin
BinanceExtended4.8943+7.449%
GMX4.8969+7.506%HTX4.8970+7.508%Kraken Futures4.8975+7.520%Aster4.8976+7.522%Hyperliquid4.8985+7.541%Variational Omni4.9254+8.132%
GMX
HTX
Kraken Futures
Aster
Hyperliquid
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 | −6.755% | +0.0033% | 1h | $776 | $52K | 5.5x | as long as short |
| Bybit ORDIUSDTlong | 0.000% | +0.0100% | 4h | $4.1M | $3.7M | 50x | |
| OKX ORDI-USDT-SWAP | +0.041% | +0.0100% | 4h | $5.4M | $15.7M | 20x | as long as short |
| KuCoin ORDIUSDTM | +0.055% | +0.0100% | 4h | $892K | $791K | 50x | as long as short |
| Gate ORDI_USDT | +0.061% | −0.0084% | 4h | $1.3M | $2.6M | 50x | as long as short |
| Bitget ORDIUSDT | +0.082% | +0.0100% | 4h | $2.9M | $2.8M | 50x | as long as short |
| dYdX ORDI-USD | +0.102% | 0.0000% | 1h | $34K | $651 | 5x | as long as short |
| MEXC ORDI_USDT | +0.123% | +0.0100% | 4h | $6.6M | $3.2M | 200x | as long as short |
| BingX ORDI-USDT | +0.123% | +0.0100% | 4h | — | $26.8M | — | as long as short |
| SunX ORDI-USDT | +0.123% | +0.0100% | 4h | $2K | $1.1M | 20x | as long as short |
Show all 19 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin ORDI-USDT | +0.143% | +0.0092% | 4h | $647K | $296K | 75x | as long as short |
| Binance ORDIUSDT | +0.148% | +0.0100% | 4h | $10.0M | $28.8M | 50x | as long as short |
| Extended ORDI-USDshort | +0.191% | +0.0104% | 1h | $5K | $172K | 5x | |
| GMX ORDI/USD [WBTC.b-USDC] | +0.244% | L +0.0239% / S −0.3359% | 1h | $8K | — | 100x | as long as short |
| HTX ORDI-USDT | +0.246% | +0.0100% | 4h | $85K | $341K | 75x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.256% | +0.0195% | 1h | $65K | $35K | 25x | as long as short |
| Aster ORDIUSDT | +0.258% | +0.0100% | 4h | $7K | $393K | 5x | as long as short |
| Hyperliquid ORDI | +0.276% | +0.0100% | 1h | $910K | $536K | 3x | as long as short |
| Variational Omni ORDI | +0.827% | +0.0100% | 4h | $24K | $58K | — | as long as short |