ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.06 per $10,000 · paid last 24h +0.010%

Price spread now: BingX against Gate−0.021%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$1000.999% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 7 days−0.088%−$9 · spread now −0.021%, 7d avg −0.084%

Together, before fees−0.017%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BingX is 0.063% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ORDI_USDT	4.8370	0.0088	pay 0.0044% / 4h	2h 05m	$1.2M	$2.7M	50x
Short	BingX ORDI-USDC	4.8360	0.0100	get 0.0050% / 4h	2h 05m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.021%Rate

Funding earned: $2.52
Price spread: −0.021% → −0.084%: $6.3
Slippage, 4 orders: −$74.87
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$91.05
Costs to cover: 0.999%
Break-even: 259.9 days

Slippage from Gate: live order book, 2 min ago; BingX: live order book, 12 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, 2 min ago	2.07 bp	22.5 bp −$23	190.9 bp −$1,909	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	1.03 bp	28.4 bp −$28	126.4 bp −$1,264	491.0 bp −$49.1K	790.5 bp −$395.2K

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	4.8394	+0.049%	$33K	$651	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−5.830%	$776	$20K	5.5x	as long as short
Gate ORDI_USDTlong	+0.0088%	4h	4.8370	long leg	$1.2M	$2.7M	50x
Hyperliquid ORDI	+0.0100%	1h	4.8461	+0.188%	$705K	$645K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.8418	+0.099%	$5K	$415K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.8405	+0.073%	$9.8M	$30.7M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.8340	−0.062%	$4.1M	$4.2M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.8350	−0.041%	$5.3M	$16.1M	20x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	4.8410	+0.083%	$7.0M	$3.3M	200x	as long as short
KuCoin ORDIUSDTM	+0.0100%	4h	4.8368	−0.004%	$924K	$823K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ORDIUSDT	+0.0100%	4h	4.8390	+0.041%	$2.8M	$2.9M	50x	as long as short
BingX ORDI-USDCshort	+0.0100%	4h	4.8360	−0.021%	—	$2.3M	—
Variational Omni ORDI	+0.0100%	4h	4.8389	+0.040%	$24K	$56K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8370	0.000%	$1K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.8360	−0.021%	$88K	$362K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.8398	+0.059%	$5K	$172K	5x	as long as short
BloFin ORDI-USDT	+0.0109%	4h	4.8430	+0.124%	$605K	$299K	75x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0238% / S −0.3359%	1h	4.8382	+0.024%	$8K	—	100x	as long as short
Kraken Futures PF_ORDIUSD	+0.2509%	1h	4.8500	+0.270%	$65K	$42K	25x	as long as short