Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%
Price spread now: Hyperliquid against Bitget+0.155%7-day average +0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$740.740% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 4 days (all we have)−0.226%−$23 · spread now +0.155%, 7d avg +0.086%
=Together, before fees−0.223%+ Points / potential airdropHyperliquid: Season 2 · farm board−$22 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.069% dearer against Bitget than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.086%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ORDIUSDT | 4.8360 | 0.0100 | pay 0.0050% / 4h | 2h 40m | $2.8M | $2.9M | 50x |
| Short | Hyperliquid ORDI | 4.8435 | 0.0100 | get 0.0013% / 1h | 40m 25s | $706K | $644K | 3x |
Bitget ORDIUSDT
Hyperliquid ORDIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bitget. 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: +0.155% → +0.086%
- $6.89
- Slippage, 4 orders
- −$53.04
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$67.15
- Costs to cover
- 0.740%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; Hyperliquid: live order book, 44 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 Bitget live order book, 2 min ago | 2.07 bp | 14.2 bp −$14 | 30.8 bp −$308 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 44 min ago | 1.64 bp | 20.0 bp −$20 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ORDI_USDT | −0.0018% | 4h | 4.8340 | −0.041% | $1.2M | $2.7M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8278 | −0.169% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −5.811% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0071% | 4h | 4.8290 | −0.145% | $604K | $296K | 75x | as long as short |
| Hyperliquid ORDIshort | +0.0100% | 1h | 4.8435 | +0.155% | $706K | $644K | 3x | |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8368 | +0.016% | $4K | $414K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8380 | +0.041% | $9.8M | $30.6M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8340 | −0.041% | $4.1M | $4.1M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8370 | +0.021% | $5.3M | $16.1M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8370 | +0.021% | $7.1M | $3.3M | 200x | as long as short |
Gate ORDI_USDT
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
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 | 4.8336 | −0.050% | $924K | $830K | 50x | as long as short |
| Bitget ORDIUSDTlong | +0.0100% | 4h | 4.8360 | long leg | $2.8M | $2.9M | 50x | |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8340 | −0.041% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8250 | −0.227% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8290 | −0.145% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8250 | −0.227% | $88K | $362K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8371 | +0.023% | $4K | $172K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0238% / S −0.3359% | 1h | 4.8386 | +0.054% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.2508% | 1h | 4.8521 | +0.333% | $65K | $42K | 25x | as long as short |
KuCoin ORDIUSDTM
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]
Kraken Futures PF_ORDIUSD