Settings8H · net · $10k
Funding arb · Price arb /

ORDI

all ORDI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: HTX against Extended−0.105%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$780.784% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.050%+$5 on $10k
Price spread, last 3 days (all we have)+0.101%+$10 · spread now −0.105%, 7d avg −0.025%
Together, before fees+0.150%+ Points / potential airdropExtended: Active · farm board+$15 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: HTX is 0.080% cheaper against Extended than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ORDI-USD4.86410.0104pay 0.0013% / 1h23m 28s$5K$172K5x
ShortHTX ORDI-USDT4.85900.0100get 0.0050% / 4h23m 28s$88K$355K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Extended. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$0.84
Price spread: −0.105% → −0.025%
−$7.98
Slippage, 4 orders
−$61.37
Fee Extended: 2.5 bp × 2 orders
−$5
Fee HTX: 6 bp × 2 orders
−$12
Net
−$87.18
Costs to cover
0.784%
Break-even
never at this rate
Slippage from Extended: live order book, 53 min ago; HTX: live order book, 54 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 53 min ago2.77 bp16.5 bp −$16143.2 bp −$1,432doesn't fitdoesn't fit
Sell HTX live order book, 54 min ago9.28 bp28.4 bp −$28doesn't fitdoesn't fitdoesn't fit

ORDI on 19 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ORDI-USD0.0000%1h4.8627−0.030%$33K$6515xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−6.355%$776$20K5.5xas long as short
Hyperliquid ORDI+0.0100%1h4.8694+0.109%$708K$651K3xas long as short
Aster ORDIUSDT+0.0100%4h4.8623−0.038%$4K$418K5xas long as short
Binance ORDIUSDT+0.0100%4h4.8636−0.012%$10.0M$31.3M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.8610−0.064%$4.1M$4.2M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.8590−0.105%$5.3M$16.5M20xas long as short
Gate ORDI_USDT+0.0100%4h4.8590−0.105%$1.3M$2.8M50xas long as short
MEXC ORDI_USDT+0.0100%4h4.8640−0.002%$7.0M$3.3M200xas long as short
KuCoin ORDIUSDTM+0.0100%4h4.8609−0.066%$933K$810K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ORDIUSDT+0.0100%4h4.8620−0.044%$2.9M$3.0M50xas long as short
BingX ORDI-USDC+0.0100%4h4.8680+0.080%$2.3Mas long as short
Variational Omni ORDI+0.0100%4h4.8664+0.048%$24K$56Kas long as short
SunX ORDI-USDT+0.0100%4h4.8550−0.188%$2K$1.2M20xas long as short
HTX ORDI-USDTshort+0.0100%4h4.8590−0.105%$88K$355K75x
Extended ORDI-USDlong+0.0104%1h4.8641long leg$5K$172K5x
BloFin ORDI-USDT+0.0160%4h4.8660+0.039%$608K$308K75xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0239% / S −0.3359%1h4.8606−0.072%$8K100xas long as short
Kraken Futures PF_ORDIUSD+0.3040%1h4.8744+0.212%$65K$43K25xas long as short