Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%
Price spread now: Extended against Hyperliquid−0.262%7-day average −0.111% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$780.783% of the position
Funding, last 7 days−0.053%−$5 on $10k
+Price spread, last 4 days (all we have)+0.167%+$17 · spread now −0.262%, 7d avg −0.111%
=Together, before fees+0.115%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board+$11 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: Extended is 0.151% cheaper against Hyperliquid than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.111%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ORDI | 4.8937 | 0.0100 | pay 0.0013% / 1h | 53m 30s | $708K | $660K | 3x |
| Short | Extended ORDI-USD | 4.8809 | 0.0104 | get 0.0013% / 1h | 53m 30s | $2K | $195K | 5x |
Hyperliquid ORDI
Extended ORDI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $0.84
- Price spread: −0.262% → −0.111%
- −$15.06
- Slippage, 4 orders
- −$64.34
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$92.56
- Costs to cover
- 0.783%
- Break-even
- 778.3 days
Slippage from Hyperliquid: live order book, 66 min ago; Extended: live order book, 13 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, 66 min ago | 2.46 bp | 17.0 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 13 min ago | 3.63 bp | 16.6 bp −$17 | 133.0 bp −$1,330 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ORDI-USD | 0.0000% | 1h | 4.8776 | −0.328% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.921% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDIlong | +0.0100% | 1h | 4.8937 | long leg | $708K | $660K | 3x | |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8794 | −0.292% | $6K | $418K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8920 | −0.035% | $10.0M | $32.8M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8900 | −0.076% | $4.2M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8910 | −0.055% | $5.3M | $17.3M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8830 | −0.219% | $1.3M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8900 | −0.076% | $7.1M | $3.4M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8826 | −0.227% | $949K | $885K | 50x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
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 | 4.8920 | −0.035% | $2.9M | $3.4M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8750 | −0.382% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8672 | −0.541% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8720 | −0.443% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8670 | −0.546% | $89K | $354K | 75x | as long as short |
| Extended ORDI-USDshort | +0.0104% | 1h | 4.8809 | −0.262% | $2K | $195K | 5x | |
| BloFin ORDI-USDT | +0.0121% | 4h | 4.8680 | −0.525% | $612K | $310K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8890 | −0.095% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.3065% | 1h | 4.8789 | −0.302% | $72K | $49K | 25x | as long as short |
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]
Kraken Futures PF_ORDIUSD