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

ORDI

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: HTX against OKX+0.021%54s7-day average −0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$800.798% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.062%+$6 on $10k
Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.021%, 7d avg −0.041%
Together, before fees+0.042%+$4 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 0.062% dearer against OKX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.041%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ORDI-USDT-SWAP4.84500.0100pay 0.0050% / 4h1h 05m$5.2M$17.4M20x
ShortHTX ORDI-USDT4.84600.0100get 0.0050% / 4h1h 05m$80K$395K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against OKX. 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: +0.021% → −0.041%
$6.16
Slippage, 4 orders
−$57.83
Fee OKX: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$73.67
Costs to cover
0.798%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; HTX: live order book, 58 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 3 min ago1.03 bp13.4 bp −$1341.8 bp −$418doesn't fitdoesn't fit
Sell HTX live order book, 58 min ago14.34 bp29.7 bp −$30doesn't fitdoesn't fitdoesn't fit

ORDI on 19 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
Kraken Futures PF_ORDIUSD−0.0353%1h4.8455+0.011%$71K$45K25xas long as short
dYdX ORDI-USD0.0000%1h4.8450+0.001%$33K$6515xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−5.986%$776$20K5.5xas long as short
Aster ORDIUSDT+0.0100%4h4.8471+0.044%$13K$429K5xas long as short
Binance ORDIUSDT+0.0100%4h4.8498+0.099%$9.9M$33.7M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.8410−0.083%$4.2M$4.6M50xas long as short
OKX ORDI-USDT-SWAPlong+0.0100%4h4.8450long leg$5.2M$17.4M20x
Gate ORDI_USDT+0.0100%4h4.8480+0.062%$1.3M$2.8M50xas long as short
MEXC ORDI_USDT+0.0100%4h4.8500+0.103%$6.8M$3.4M200xas long as short
KuCoin ORDIUSDTM+0.0100%4h4.8464+0.029%$973K$878K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ORDIUSDT+0.0100%4h4.8470+0.041%$2.9M$3.5M50xas long as short
BingX ORDI-USDC+0.0100%4h4.8420−0.062%$2.3Mas long as short
Variational Omni ORDI+0.0100%4h4.8436−0.030%$24K$55Kas long as short
SunX ORDI-USDT+0.0100%4h4.8410−0.083%$1K$1.2M20xas long as short
HTX ORDI-USDTshort+0.0100%4h4.8460+0.021%$80K$395K75x
Extended ORDI-USD+0.0104%1h4.8485+0.073%$5K$190K5xas long as short
BloFin ORDI-USDT+0.0122%4h4.8590+0.289%$605K$303K75xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0239% / S −0.3359%1h4.8443−0.014%$8K100xas long as short
Hyperliquid ORDI+0.0283%1h4.8581+0.270%$699K$662K3xas long as short