Funding you earn now, next payment 08:00 UTC+0.0031%/8h= +3.4% APRnext payment +$0.15 per $10,000 · paid last 24h +0.016%
Price spread now: BloFin against OKX−0.041%103s7-day average +0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$530.534% of the position
Funding, last 7 days+0.049%+$5 on $10k
+Price spread, last 4 days (all we have)+0.090%+$9 · spread now −0.041%, 7d avg +0.035%
=Funding pays, the price is against you. BloFin is 0.076% cheaper against OKX than usual: you would sell low and buy high (spread −0.041% now, against its 7-day average of +0.035%). If the spread goes back, that is −$8 on $10k: about 8.2 days of funding at the current rate (+$1 a day). The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ORDI-USDT-SWAP | 4.9110 | 0.0100 | pay 0.0050% / 4h | 1h 41m | $5.2M | $18.3M | 20x |
| Short | BloFin ORDI-USDT | 4.9090 | 0.0131 | get 0.0065% / 4h | 1h 41m | $604K | $315K | 75x |
OKX ORDI-USDT-SWAP
BloFin ORDI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against OKX. 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
- $6.49
- Price spread: −0.041% → +0.035%
- −$7.57
- Slippage, 4 orders
- −$31.4
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$54.48
- Costs to cover
- 0.534%
- Break-even
- 65.7 days
Slippage from OKX: live order book, 2 min ago; BloFin: live order book, 45 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 OKX live order book, 2 min ago | 3.06 bp | 13.4 bp −$13 | 41.4 bp −$414 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 45 min ago | 1.04 bp | 14.0 bp −$14 | 29.5 bp −$295 | 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 | −0.0541% | 1h | 4.9035 | −0.152% | $70K | $47K | 25x | as long as short |
| Gate ORDI_USDT | −0.0026% | 4h | 4.9090 | −0.041% | $1.3M | $2.7M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.9071 | −0.079% | $34K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.249% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.9192 | +0.167% | $709K | $667K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9130 | +0.040% | $3K | $432K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9130 | +0.041% | $10.1M | $34.7M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.9100 | −0.020% | $4.1M | $4.8M | 50x | as long as short |
| OKX ORDI-USDT-SWAPlong | +0.0100% | 4h | 4.9110 | long leg | $5.2M | $18.3M | 20x | |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9170 | +0.122% | $6.6M | $3.3M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
Gate ORDI_USDT
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
MEXC ORDI_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.9111 | +0.002% | $997K | $829K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9140 | +0.061% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.9070 | −0.081% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8936 | −0.353% | $29K | $39K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8970 | −0.285% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9000 | −0.224% | $85K | $438K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9137 | +0.056% | $7K | $166K | 5x | as long as short |
| BloFin ORDI-USDTshort | +0.0131% | 4h | 4.9090 | −0.041% | $604K | $315K | 75x | |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.9047 | −0.129% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]