Funding arb · Price arb /

ORDI

all ORDI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against MEXC−0.041%7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$840.843% of the position

Long on MEXC Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now −0.041%, 7d avg −0.068%

Together, before fees+0.050%+$5 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: HTX is 0.027% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ORDI_USDT	4.9040	0.0100	pay 0.0050% / 4h	1h 54m	$6.6M	$3.3M	200x
Short	HTX ORDI-USDT	4.9020	0.0100	get 0.0050% / 4h	1h 54m	$85K	$438K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against MEXC. 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

Position, each leg$Hold fordaysFee MEXCbpFee HTXbpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → −0.068%: $2.69
Slippage, 4 orders: −$72.32
Fee MEXC: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$81.62
Costs to cover: 0.843%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; HTX: live order book, 54 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 MEXC live order book, 3 min ago	1.01 bp	4.2 bp −$4	33.9 bp −$339	53.7 bp −$5,366	103.0 bp −$51.5K
Sell HTX live order book, 54 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	−0.0541%	1h	4.8987	−0.109%	$70K	$47K	25x	as long as short
Gate ORDI_USDT	−0.0080%	4h	4.9000	−0.082%	$1.3M	$2.7M	50x	as long as short
dYdX ORDI-USD	0.0000%	1h	4.9037	−0.006%	$34K	$577	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−7.117%	$776	$20K	5.5x	as long as short
Hyperliquid ORDI	+0.0100%	1h	4.9093	+0.108%	$708K	$667K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.9064	+0.048%	$3K	$432K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.9050	+0.020%	$10.0M	$34.7M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.9010	−0.061%	$4.1M	$4.8M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.9020	−0.041%	$5.2M	$18.3M	20x	as long as short
MEXC ORDI_USDTlong	+0.0100%	4h	4.9040	long leg	$6.6M	$3.3M	200x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ORDIUSDTM	+0.0100%	4h	4.9047	+0.014%	$996K	$829K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.9060	+0.041%	$2.9M	$3.5M	50x	as long as short
BingX ORDI-USDT	+0.0100%	4h	4.9030	−0.020%	—	$26.9M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.9066	+0.054%	$29K	$39K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8940	−0.204%	$1K	$1.2M	20x	as long as short
HTX ORDI-USDTshort	+0.0100%	4h	4.9020	−0.041%	$85K	$438K	75x
Extended ORDI-USD	+0.0104%	1h	4.9037	−0.005%	$7K	$184K	5x	as long as short
BloFin ORDI-USDT	+0.0130%	4h	4.9070	+0.061%	$600K	$314K	75x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0240% / S −0.3359%	1h	4.8972	−0.138%	$8K	—	100x	as long as short