You need to do two separate updates.
If you already know the ORDERBY value of the one you are moving up then you can use that, otherwise you need to do a SELECT to get that. Miss out step 2 if you've already got ORDERBY.
1) orderby + 1
UPDATE table SET orderby = orderby+1 WHERE ID = '$yourid'
2) get orderby (returns 2 rows after 1st UPDATE)
SELECT orderby FROM table WHERE ID = '$yourid'
3) orderby - 1
UPDATE table SET orderby = orderby - 1 WHERE orderby = '$yourorderby' AND ID != '$yourid'