ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0152%/8h= +16.6% APRnext payment +$0.76 per $10,000 · paid last 24h +0.010%

Price spread now: Binance against Gate+0.082%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$630.627% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 7 days−0.106%−$11 · spread now +0.082%, 7d avg +0.028%

Together, before fees−0.095%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Binance is 0.053% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ORDI_USDT	4.8950	−0.0052	get 0.0026% / 4h	1h 02m	$1.2M	$2.7M	50x
Short	Binance ORDIUSDT	4.8990	0.0100	get 0.0050% / 4h	1h 02m	$10.0M	$34.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BinancebpOrdersPrice spread, now +0.082%Rate

Funding earned: $31.92
Price spread: +0.082% → +0.028%: $5.33
Slippage, 4 orders: −$37.69
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$25.45
Costs to cover: 0.627%
Break-even: 12.6 days

Slippage from Gate: live order book, 6 min ago; Binance: live order book, 9 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 Gate live order book, 6 min ago	1.02 bp	20.7 bp −$21	138.9 bp −$1,389	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	1.02 bp	12.8 bp −$13	29.3 bp −$293	289.7 bp −$29.0K	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	−0.0542%	1h	4.8955	+0.010%	$70K	$43K	25x	as long as short
Gate ORDI_USDTlong	−0.0052%	4h	4.8950	long leg	$1.2M	$2.7M	50x
dYdX ORDI-USD	0.0000%	1h	4.8983	+0.067%	$34K	$577	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−6.946%	$776	$20K	5.5x	as long as short
BloFin ORDI-USDT	+0.0076%	4h	4.9000	+0.102%	$597K	$306K	75x	as long as short
Hyperliquid ORDI	+0.0100%	1h	4.9056	+0.217%	$709K	$668K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.8999	+0.101%	$4K	$421K	5x	as long as short
Binance ORDIUSDTshort	+0.0100%	4h	4.8990	+0.082%	$10.0M	$34.2M	50x
Bybit ORDIUSDT	+0.0100%	4h	4.8940	−0.020%	$4.1M	$4.6M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.8960	+0.020%	$5.2M	$17.9M	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ORDI_USDT	+0.0100%	4h	4.8980	+0.061%	$6.6M	$3.3M	200x	as long as short
KuCoin ORDIUSDTM	+0.0100%	4h	4.8976	+0.053%	$994K	$807K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.8970	+0.041%	$2.8M	$3.5M	50x	as long as short
BingX ORDI-USDC	+0.0100%	4h	4.8930	−0.041%	—	$2.3M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.8951	+0.003%	$26K	$37K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8900	−0.102%	$1K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.9000	+0.102%	$85K	$385K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.8977	+0.056%	$8K	$161K	5x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0240% / S −0.3359%	1h	4.8960	+0.021%	$8K	—	100x	as long as short