ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0132%/8h= +14.5% APRnext payment +$0.66 per $10,000 · paid last 24h +0.010%

Price spread now: OKX against Gate+0.061%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$670.666% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 7 days−0.037%−$4 · spread now +0.061%, 7d avg +0.021%

Together, before fees−0.034%−$3 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 OKX is 0.040% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ORDI_USDT	4.9130	−0.0032	get 0.0016% / 4h	2h 02m	$1.3M	$2.8M	50x
Short	OKX ORDI-USDT-SWAP	4.9160	0.0100	get 0.0050% / 4h	2h 02m	$5.3M	$18.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.061%Rate

Funding earned: $27.72
Price spread: +0.061% → +0.021%: $3.96
Slippage, 4 orders: −$41.57
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$34.89
Costs to cover: 0.666%
Break-even: 15.8 days

Slippage from Gate: live order book, 5 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 Gate live order book, 5 min ago	2.04 bp	22.9 bp −$23	180.9 bp −$1,809	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	1.02 bp	12.0 bp −$12	39.0 bp −$390	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	−0.0710%	1h	4.9148	+0.037%	$70K	$47K	25x	as long as short
Gate ORDI_USDTlong	−0.0032%	4h	4.9130	long leg	$1.3M	$2.8M	50x
dYdX ORDI-USD	0.0000%	1h	4.9211	+0.165%	$34K	$577	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−7.287%	$776	$20K	5.5x	as long as short
Hyperliquid ORDI	+0.0100%	1h	4.9225	+0.193%	$710K	$667K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.9180	+0.101%	$4K	$432K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.9180	+0.102%	$10.1M	$34.7M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.9120	−0.020%	$4.1M	$4.8M	50x	as long as short
OKX ORDI-USDT-SWAPshort	+0.0100%	4h	4.9160	+0.061%	$5.3M	$18.3M	20x
MEXC ORDI_USDT	+0.0100%	4h	4.9180	+0.102%	$6.6M	$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	4.9183	+0.108%	$999K	$831K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.9170	+0.081%	$2.9M	$3.5M	50x	as long as short
BingX ORDI-USDC	+0.0100%	4h	4.9180	+0.102%	—	$2.3M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.9201	+0.145%	$29K	$39K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.9120	−0.020%	$1K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.9190	+0.122%	$85K	$439K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.9165	+0.072%	$7K	$184K	5x	as long as short
BloFin ORDI-USDT	+0.0108%	4h	4.9180	+0.102%	$597K	$315K	75x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0240% / S −0.3359%	1h	4.9160	+0.060%	$8K	—	100x	as long as short