Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against OKX−0.140%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$690.688% of the position
Funding, last 7 days−0.048%−$5 on $10k
+Price spread, last 7 days+0.096%+$10 · spread now −0.140%, 7d avg −0.023%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.117% cheaper against OKX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ORDI-USDT-SWAP | 4.9920 | 0.0100 | pay 0.0050% / 4h | 3h 05m | $5.5M | $17.1M | 20x |
| Short | Bybit ORDIUSDT | 4.9850 | 0.0100 | get 0.0050% / 4h | 3h 05m | $4.2M | $4.3M | 50x |
OKX ORDI-USDT-SWAP
Bybit ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: −0.140% → −0.023%
- −$11.73
- Slippage, 4 orders
- −$47.81
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$80.54
- Costs to cover
- 0.688%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago | 1.00 bp | 14.4 bp −$14 | 42.2 bp −$422 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 4.01 bp | 20.3 bp −$20 | 72.5 bp −$725 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ORDI-USD | 0.0000% | 1h | 4.9826 | −0.188% | $34K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −8.754% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.9992 | +0.144% | $724K | $649K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9930 | +0.020% | $3K | $423K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9947 | +0.054% | $10.3M | $31.9M | 50x | as long as short |
| Bybit ORDIUSDTshort | +0.0100% | 4h | 4.9850 | −0.140% | $4.2M | $4.3M | 50x | |
| OKX ORDI-USDT-SWAPlong | +0.0100% | 4h | 4.9920 | long leg | $5.5M | $17.1M | 20x | |
| Gate ORDI_USDT | +0.0100% | 4h | 4.9870 | −0.100% | $1.3M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 5.0040 | +0.240% | $7.2M | $3.4M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.9895 | −0.050% | $942K | $828K | 50x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Gate ORDI_USDT
MEXC ORDI_USDT
KuCoin ORDIUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9950 | +0.060% | $2.9M | $3.1M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.9830 | −0.180% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.9621 | −0.599% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.9780 | −0.280% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9850 | −0.140% | $91K | $351K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9937 | +0.035% | $4K | $192K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0124% | 4h | 4.9930 | +0.020% | $620K | $318K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.9894 | −0.053% | $9K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.2898% | 1h | 5.0098 | +0.356% | $67K | $40K | 25x | as long as short |
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]
Kraken Futures PF_ORDIUSD