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

ORDI

all ORDI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%
Price spread now: Hyperliquid against HTX+0.300%7-day average +0.139% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.003%$0 on $10k
Price spread, last 3 days (all we have)−0.176%−$18 · spread now +0.300%, 7d avg +0.139%
Together, before fees−0.173%+ Points / potential airdropHyperliquid: Season 2 · farm board−$17 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 0.161% dearer against HTX than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.139%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ORDI-USDT4.90400.0100pay 0.0050% / 4h2h 32m$89K$356K75x
ShortHyperliquid ORDI4.91870.0100get 0.0013% / 1h32m 03s$711K$661K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against HTX. 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
Price spread: +0.300% → +0.139%
$16.07
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$4.93
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: HTX: live order book, 36 min ago; Hyperliquid: live order book, 18 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 36 min ago17.06 bp23.7 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 18 min ago1.01 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

ORDI on 18 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%1h4.9037−0.006%$34K$6515xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−7.117%$776$20K5.5xas long as short
Hyperliquid ORDIshort+0.0100%1h4.9187+0.300%$711K$661K3x
Aster ORDIUSDT+0.0100%4h4.9121+0.165%$7K$422K5xas long as short
Binance ORDIUSDT+0.0100%4h4.9149+0.222%$10.1M$33.2M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.9090+0.102%$4.2M$4.6M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.9100+0.122%$5.3M$17.6M20xas long as short
Gate ORDI_USDT+0.0100%4h4.9090+0.102%$1.3M$2.7M50xas long as short
MEXC ORDI_USDT+0.0100%4h4.9140+0.204%$7.1M$3.5M200xas long as short
KuCoin ORDIUSDTM+0.0100%4h4.9113+0.149%$921K$877K50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ORDIUSDT+0.0100%4h4.9120+0.163%$2.9M$3.4M50xas long as short
BingX ORDI-USDT+0.0100%4h4.9120+0.163%$27.1Mas long as short
Variational Omni ORDI+0.0100%4h4.9027−0.026%$24K$56Kas long as short
SunX ORDI-USDT+0.0100%4h4.9090+0.102%$2K$1.2M20xas long as short
HTX ORDI-USDTlong+0.0100%4h4.9040long leg$89K$356K75x
Extended ORDI-USD+0.0104%1h4.9127+0.178%$5K$193K5xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0240% / S −0.3359%1h4.9121+0.165%$8K100xas long as short
Kraken Futures PF_ORDIUSD+0.3047%1h4.9084+0.089%$72K$49K25xas long as short