ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0136%/8h= +14.9% APRnext payment +$0.68 per $10,000 · paid last 24h +0.010%

Price spread now: MEXC against Gate+0.102%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$500.497% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 7 days−0.122%−$12 · spread now +0.102%, 7d avg +0.018%

Together, before fees−0.106%−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and MEXC is 0.084% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ORDI_USDT	4.9050	−0.0036	get 0.0018% / 4h	3h 32m	$1.3M	$2.7M	50x
Short	MEXC ORDI_USDT	4.9100	0.0100	get 0.0050% / 4h	3h 32m	$7.0M	$3.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.102%Rate

Funding earned: $28.56
Price spread: +0.102% → +0.018%: $8.37
Slippage, 4 orders: −$34.66
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 0 bp × 2 orders: $0
Net: −$12.73
Costs to cover: 0.497%
Break-even: 10.1 days

Slippage from Gate: live order book, 1 min ago; MEXC: 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 Gate live order book, 1 min ago	2.05 bp	16.6 bp −$17	119.8 bp −$1,198	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.02 bp	4.7 bp −$5	25.0 bp −$250	61.8 bp −$6,178	106.0 bp −$53.0K

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
Gate ORDI_USDTlong	−0.0036%	4h	4.9050	long leg	$1.3M	$2.7M	50x
dYdX ORDI-USD	0.0000%	1h	4.8910	−0.285%	$34K	$651	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−7.136%	$776	$20K	5.5x	as long as short
BloFin ORDI-USDT	+0.0084%	4h	4.9010	−0.082%	$618K	$287K	75x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.9097	+0.097%	$5K	$416K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.9100	+0.102%	$10.1M	$30.1M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.9080	+0.061%	$4.1M	$4.0M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.9070	+0.041%	$5.4M	$16.1M	20x	as long as short
MEXC ORDI_USDTshort	+0.0100%	4h	4.9100	+0.102%	$7.0M	$3.1M	200x
KuCoin ORDIUSDTM	+0.0100%	4h	4.9036	−0.029%	$914K	$821K	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	4.9100	+0.102%	$2.9M	$2.9M	50x	as long as short
BingX ORDI-USDC	+0.0100%	4h	4.9040	−0.020%	—	$2.3M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.8906	−0.294%	$24K	$56K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8870	−0.367%	$2K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.8920	−0.265%	$85K	$352K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.9092	+0.086%	$5K	$172K	5x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0239% / S −0.3359%	1h	4.8951	−0.202%	$8K	—	100x	as long as short
Hyperliquid ORDI	+0.0262%	1h	4.9190	+0.285%	$911K	$534K	3x	as long as short
Kraken Futures PF_ORDIUSD	+0.0569%	1h	4.9077	+0.055%	$66K	$42K	25x	as long as short