Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: OKX against Extended−0.069%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$610.615% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)+0.091%+$9 · spread now −0.069%, 7d avg +0.015%
=Together, before fees+0.078%+ Points / potential airdropExtended: Active · farm board+$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.083% cheaper against Extended than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.015%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ORDI-USD | 4.8854 | 0.0104 | pay 0.0013% / 1h | 17m 40s | $3K | $194K | 5x |
| Short | OKX ORDI-USDT-SWAP | 4.8820 | 0.0100 | get 0.0050% / 4h | 2h 17m | $5.3M | $17.5M | 20x |
Extended ORDI-USD
OKX ORDI-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Extended. 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
- −$0.84
- Price spread: −0.069% → +0.015%
- −$8.35
- Slippage, 4 orders
- −$46.47
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$70.66
- Costs to cover
- 0.615%
- Break-even
- never at this rate
Slippage from Extended: live order book, 49 min ago; OKX: live order book, 1 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 Extended live order book, 49 min ago | 3.63 bp | 17.9 bp −$18 | 145.0 bp −$1,450 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 1.02 bp | 14.6 bp −$15 | 47.3 bp −$473 | doesn't fit | doesn't fit |
ORDI on 18 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 | 4.8923 | +0.142% | $34K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.762% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8943 | +0.183% | $707K | $660K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8899 | +0.093% | $8K | $426K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8880 | +0.054% | $10.0M | $33.2M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8820 | −0.069% | $4.2M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAPshort | +0.0100% | 4h | 4.8820 | −0.069% | $5.3M | $17.5M | 20x | |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8850 | −0.008% | $1.3M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8850 | −0.008% | $7.0M | $3.5M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8857 | +0.007% | $932K | $877K | 50x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
Gate ORDI_USDT
MEXC ORDI_USDT
KuCoin ORDIUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8840 | −0.028% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8780 | −0.151% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8946 | +0.189% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8940 | +0.177% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8950 | +0.197% | $79K | $383K | 75x | as long as short |
| Extended ORDI-USDlong | +0.0104% | 1h | 4.8854 | long leg | $3K | $194K | 5x | |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8945 | +0.186% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.3055% | 1h | 4.8952 | +0.201% | $72K | $47K | 25x | as long as short |
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]
Kraken Futures PF_ORDIUSD