Funding you earn now, next payment 08:00 UTC+0.0102%/8h= +11.2% APRnext payment +$0.51 per $10,000 · paid last 24h +0.010%
Price spread now: HTX against Gate−0.041%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1221.224% of the position
Funding, last 7 days+0.065%+$6 on $10k
+Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.041%, 7d avg −0.017%
=Funding pays, the price is against you. HTX is 0.024% cheaper against Gate than usual: you would sell low and buy high (spread −0.041% now, against its 7-day average of −0.017%). If the spread goes back, that is −$2 on $10k: about 18 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.065% in total) that is about 2.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ORDI_USDT | 4.9030 | −0.0002 | get 0.0001% / 4h | 2h 13m | $1.2M | $2.8M | 50x |
| Short | HTX ORDI-USDT | 4.9010 | 0.0100 | get 0.0050% / 4h | 2h 13m | $85K | $440K | 75x |
Gate ORDI_USDT
HTX ORDI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Gate. 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
- $21.42
- Price spread: −0.041% → −0.017%
- −$2.35
- Slippage, 4 orders
- −$95.44
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$103.37
- Costs to cover
- 1.224%
- Break-even
- 40.8 days
Slippage from Gate: live order book, 4 min ago; HTX: live order book, 34 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 Gate live order book, 4 min ago | 3.06 bp | 25.5 bp −$26 | 335.2 bp −$3,352 | doesn't fit | doesn't fit |
| Sell HTX live order book, 34 min ago | 17.43 bp | 40.3 bp −$40 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ORDIUSD | −0.0712% | 1h | 4.9012 | −0.037% | $70K | $47K | 25x | as long as short |
| Gate ORDI_USDTlong | −0.0002% | 4h | 4.9030 | long leg | $1.2M | $2.8M | 50x | |
| dYdX ORDI-USD | 0.0000% | 1h | 4.9030 | +0.001% | $34K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.098% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.9111 | +0.165% | $708K | $667K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9040 | +0.020% | $6K | $432K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9070 | +0.082% | $10.0M | $34.6M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.9010 | −0.041% | $4.1M | $4.8M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9050 | +0.041% | $5.3M | $18.3M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9070 | +0.082% | $6.5M | $3.3M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
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 | 4.9023 | −0.014% | $989K | $830K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9050 | +0.041% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.9050 | +0.041% | — | $26.9M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8947 | −0.169% | $28K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8990 | −0.082% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDTshort | +0.0100% | 4h | 4.9010 | −0.041% | $85K | $440K | 75x | |
| Extended ORDI-USD | +0.0104% | 1h | 4.9056 | +0.054% | $2K | $179K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0152% | 4h | 4.9050 | +0.041% | $591K | $314K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.9006 | −0.049% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]