Funding you earn now, next payment 03:00 UTC+0.0121%/8h= +13.2% APRpaid last 24h +0.013%
Price spread now: Hyperliquid against Gate+0.130%7-day average +0.122% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$700.702% of the position
Funding, last 7 days+0.071%+$7 on $10k
+Price spread, last 4 days (all we have)−0.401%−$40 · spread now +0.130%, 7d avg +0.122%
=Together, before fees−0.330%+ Points / potential airdropHyperliquid: Season 2 · farm board−$33 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.122%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ORDI_USDT | 4.9180 | 0.0100 | pay 0.0050% / 4h | 1h 18m | $1.3M | $2.7M | 50x |
| Short | Hyperliquid ORDI | 4.9244 | 0.0221 | get 0.0028% / 1h | 18m 24s | $710K | $662K | 3x |
Gate ORDI_USDT
Hyperliquid ORDIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- $25.36
- Price spread: +0.130% → +0.122%
- $0.84
- Slippage, 4 orders
- −$46.15
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$43.95
- Costs to cover
- 0.702%
- Break-even
- 19.1 days
Slippage from Gate: live order book, 4 min ago; Hyperliquid: live order book, 22 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 | 3.04 bp | 25.0 bp −$25 | 151.5 bp −$1,515 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 22 min ago | 3.57 bp | 19.3 bp −$19 | 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 | −0.0349% | 1h | 4.9085 | −0.193% | $72K | $45K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.9150 | −0.061% | $34K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.381% | $776 | $20K | 5.5x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9238 | +0.118% | $13K | $428K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9150 | −0.061% | $10.1M | $33.5M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.9110 | −0.142% | $4.2M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9100 | −0.163% | $5.3M | $17.6M | 20x | as long as short |
| Gate ORDI_USDTlong | +0.0100% | 4h | 4.9180 | long leg | $1.3M | $2.7M | 50x | |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9150 | −0.061% | $7.0M | $3.3M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.9200 | +0.041% | $982K | $877K | 50x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
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 | 4.9140 | −0.081% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.9160 | −0.041% | — | $27.1M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.9211 | +0.063% | $24K | $55K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.9080 | −0.203% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9160 | −0.041% | $81K | $394K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9136 | −0.089% | $3K | $189K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0132% | 4h | 4.9240 | +0.122% | $606K | $307K | 75x | as long as short |
| Hyperliquid ORDIshort | +0.0221% | 1h | 4.9244 | +0.130% | $710K | $662K | 3x | |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.9103 | −0.157% | $8K | — | 100x | as long as short |
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]