Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%
Price spread now: BingX against Hyperliquid−0.089%7-day average −0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$580.575% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 4 days (all we have)+0.405%+$40 · spread now −0.089%, 7d avg −0.091%
=Together, before fees+0.402%+ Points / potential airdropHyperliquid: Season 2 · farm board+$40 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ORDI | 4.8413 | 0.0100 | pay 0.0013% / 1h | 57m 43s | $707K | $642K | 3x |
| Short | BingX ORDI-USDT | 4.8370 | 0.0100 | get 0.0050% / 4h | 2h 57m | — | $24.5M | — |
Hyperliquid ORDI
BingX ORDI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Hyperliquid. 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: −0.089% → −0.091%
- $0.2
- Slippage, 4 orders
- −$38.54
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$57.34
- Costs to cover
- 0.575%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 27 min ago; BingX: live order book, 11 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 Hyperliquid live order book, 27 min ago | 1.64 bp | 22.9 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 1.03 bp | 8.6 bp −$9 | 14.0 bp −$140 | 36.0 bp −$3,598 | 294.9 bp −$147.5K |
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 | −0.0074% | 4h | 4.8330 | −0.171% | $1.2M | $2.7M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8355 | −0.120% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −5.914% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0079% | 4h | 4.8450 | +0.076% | $608K | $286K | 75x | as long as short |
| Hyperliquid ORDIlong | +0.0100% | 1h | 4.8413 | long leg | $707K | $642K | 3x | |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8413 | +0.001% | $4K | $416K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8370 | −0.088% | $9.8M | $30.6M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8300 | −0.233% | $4.1M | $4.1M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8310 | −0.213% | $5.3M | $16.0M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8370 | −0.089% | $7.0M | $3.2M | 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 | 4.8365 | −0.099% | $935K | $825K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8360 | −0.109% | $2.8M | $2.9M | 50x | as long as short |
| BingX ORDI-USDTshort | +0.0100% | 4h | 4.8370 | −0.089% | — | $24.5M | — | |
| Variational Omni ORDI | +0.0100% | 4h | 4.8536 | +0.254% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8370 | −0.089% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8440 | +0.056% | $88K | $362K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8394 | −0.039% | $5K | $172K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0238% / S −0.3359% | 1h | 4.8416 | +0.006% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.2509% | 1h | 4.8489 | +0.157% | $65K | $42K | 25x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]
Kraken Futures PF_ORDIUSD