ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.48 per $10,000 · paid last 24h +0.010%

Price spread now: Bitget against Gate+0.102%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$780.784% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$6 on $10k

Price spread, last 7 days−0.069%−$7 · spread now +0.102%, 7d avg +0.026%

Together, before fees−0.005%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bitget is 0.076% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ORDI_USDT	4.9060	0.0004	pay 0.0002% / 4h	2h 13m	$1.3M	$2.8M	50x
Short	Bitget ORDIUSDT	4.9110	0.0100	get 0.0050% / 4h	2h 13m	$2.9M	$3.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.102%Rate

Funding earned: $20.16
Price spread: +0.102% → +0.026%: $7.56
Slippage, 4 orders: −$51.42
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$50.7
Costs to cover: 0.784%
Break-even: 24.6 days

Slippage from Gate: live order book, 4 min ago; Bitget: live order book, 4 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, 4 min ago	3.06 bp	25.5 bp −$26	335.2 bp −$3,352	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	4.08 bp	16.1 bp −$16	34.7 bp −$347	doesn't fit	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	−0.0712%	1h	4.9012	−0.098%	$70K	$47K	25x	as long as short
dYdX ORDI-USD	0.0000%	1h	4.9030	−0.060%	$34K	$577	5x	as long as short
Gate ORDI_USDTlong	+0.0004%	4h	4.9060	long leg	$1.3M	$2.8M	50x
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−7.155%	$776	$20K	5.5x	as long as short
Hyperliquid ORDI	+0.0100%	1h	4.9169	+0.222%	$709K	$667K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.9071	+0.022%	$6K	$432K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.9118	+0.119%	$10.0M	$34.6M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.9050	−0.020%	$4.1M	$4.8M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.9080	+0.041%	$5.3M	$18.3M	20x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	4.9120	+0.122%	$6.5M	$3.3M	200x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ORDIUSDTM	+0.0100%	4h	4.9099	+0.079%	$991K	$830K	50x	as long as short
Bitget ORDIUSDTshort	+0.0100%	4h	4.9110	+0.102%	$2.9M	$3.5M	50x
BingX ORDI-USDC	+0.0100%	4h	4.9080	+0.041%	—	$2.3M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.8947	−0.230%	$28K	$42K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8990	−0.143%	$1K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.9010	−0.102%	$85K	$440K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.9079	+0.039%	$2K	$179K	5x	as long as short
BloFin ORDI-USDT	+0.0152%	4h	4.9050	−0.020%	$591K	$314K	75x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0240% / S −0.3359%	1h	4.9078	+0.036%	$8K	—	100x	as long as short