Funding you earn now, next payment 08:00 UTC+0.0222%/8h= +24.3% APRnext payment +$1.11 per $10,000 · paid last 24h +0.010%
Price spread now: HTX against Gate−0.062%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$1221.220% of the position
Funding, last 7 days+0.065%+$6 on $10k
+Price spread, last 4 days (all we have)+0.051%+$5 · spread now −0.062%, 7d avg −0.017%
=Funding pays, the price is against you. HTX is 0.045% cheaper against Gate than usual: you would sell low and buy high (spread −0.062% now, against its 7-day average of −0.017%). If the spread goes back, that is −$4 on $10k: about 16 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.065% in total) that is about 4.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.065% in total (about 3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.11 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ORDI_USDT | 4.8310 | −0.0122 | get 0.0061% / 4h | 2h 25m | $1.2M | $2.8M | 50x |
| Short | HTX ORDI-USDT | 4.8280 | 0.0100 | get 0.0050% / 4h | 2h 25m | $84K | $441K | 75x |
Gate ORDI_USDT
HTX ORDI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Gate. 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
- $46.62
- Price spread: −0.062% → −0.017%
- −$4.48
- Slippage, 4 orders
- −$95.01
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$79.88
- Costs to cover
- 1.220%
- Break-even
- 19.0 days
Slippage from Gate: live order book, 3 min ago; HTX: live order book, 23 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 Gate live order book, 3 min ago | 3.11 bp | 26.9 bp −$27 | 445.0 bp −$4,450 | doesn't fit | doesn't fit |
| Sell HTX live order book, 23 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 | −0.0723% | 1h | 4.8292 | −0.037% | $69K | $47K | 25x | as long as short |
| Gate ORDI_USDTlong | −0.0122% | 4h | 4.8310 | long leg | $1.2M | $2.8M | 50x | |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8255 | −0.113% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −5.713% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0072% | 4h | 4.8320 | +0.021% | $591K | $305K | 75x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8366 | +0.116% | $698K | $667K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8326 | +0.033% | $7K | $429K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8325 | +0.032% | $9.9M | $34.4M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8290 | −0.041% | $4.1M | $4.8M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8300 | −0.021% | $5.2M | $17.9M | 20x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAPShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8330 | +0.041% | $6.4M | $3.3M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8376 | +0.137% | $966K | $831K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8320 | +0.021% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.8310 | 0.000% | — | $26.9M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8187 | −0.255% | $24K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8280 | −0.062% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDTshort | +0.0100% | 4h | 4.8280 | −0.062% | $84K | $441K | 75x | |
| Extended ORDI-USD | +0.0104% | 1h | 4.8390 | +0.165% | $2K | $180K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8382 | +0.149% | $8K | — | 100x | as long as short |
MEXC ORDI_USDT
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]