Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against MEXC−0.041%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$590.589% of the position
Funding, last 7 days−0.025%−$2 on $10k
+Price spread, last 7 days+0.017%+$2 · spread now −0.041%, 7d avg −0.026%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ORDI_USDT | 4.8670 | 0.0100 | pay 0.0050% / 4h | 35m 41s | $6.6M | $3.3M | 200x |
| Short | Bybit ORDIUSDT | 4.8650 | 0.0100 | get 0.0050% / 4h | 35m 41s | $4.1M | $4.6M | 50x |
MEXC ORDI_USDT
Bybit ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against MEXC. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.041% → −0.026%
- −$1.51
- Slippage, 4 orders
- −$47.89
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$60.4
- Costs to cover
- 0.589%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 2 min ago; Bybit: live order book, 2 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 MEXC live order book, 2 min ago | 2.05 bp | 5.2 bp −$5 | 23.0 bp −$230 | 54.0 bp −$5,395 | 95.2 bp −$47.6K |
| Sell Bybit live order book, 2 min ago | 3.08 bp | 26.1 bp −$26 | 84.2 bp −$842 | 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 | −0.0305% | 1h | 4.8636 | −0.070% | $69K | $43K | 25x | as long as short |
| Gate ORDI_USDT | −0.0042% | 4h | 4.8650 | −0.041% | $1.2M | $2.7M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8700 | +0.062% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.411% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8715 | +0.092% | $704K | $668K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8697 | +0.055% | $4K | $429K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8696 | +0.053% | $9.9M | $34.1M | 50x | as long as short |
| Bybit ORDIUSDTshort | +0.0100% | 4h | 4.8650 | −0.041% | $4.1M | $4.6M | 50x | |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8630 | −0.082% | $5.2M | $17.7M | 20x | as long as short |
| MEXC ORDI_USDTlong | +0.0100% | 4h | 4.8670 | long leg | $6.6M | $3.3M | 200x |
Kraken Futures PF_ORDIUSD
Gate ORDI_USDT
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
OKX ORDI-USDT-SWAPShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8675 | +0.010% | $995K | $795K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8660 | −0.021% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.8670 | 0.000% | — | $26.9M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8646 | −0.050% | $26K | $33K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8620 | −0.103% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8610 | −0.123% | $84K | $385K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8682 | +0.025% | $6K | $221K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0119% | 4h | 4.8740 | +0.144% | $590K | $302K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8687 | +0.035% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]