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

ORDI

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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: BingX against HTX+0.184%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1231.231% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.175%−$18 · spread now +0.184%, 7d avg +0.006%
Together, before fees−0.175%−$18 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: BingX is 0.177% dearer against HTX than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ORDI-USDT4.89500.0100pay 0.0050% / 4h1h 45m$85K$438K75x
ShortBingX ORDI-USDC4.90400.0100get 0.0050% / 4h1h 45m$2.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against HTX. 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: +0.184% → +0.006%
$17.75
Slippage, 4 orders
−$101.14
Fee HTX: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$105.4
Costs to cover
1.231%
Break-even
never at this rate
Slippage from HTX: live order book, 63 min ago; BingX: live order book, 2 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 HTX live order book, 63 min ago17.43 bp35.4 bp −$35doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 2 min ago1.02 bp25.5 bp −$26133.3 bp −$1,333457.2 bp −$45.7K546.3 bp −$273.1K

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−0.0542%1h4.8911−0.080%$70K$47K25xas long as short
Gate ORDI_USDT−0.0042%4h4.8990+0.082%$1.3M$2.7M50xas long as short
dYdX ORDI-USD0.0000%1h4.8945−0.010%$34K$5775xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−6.946%$776$20K5.5xas long as short
BloFin ORDI-USDT+0.0093%4h4.9040+0.184%$601K$314K75xas long as short
Hyperliquid ORDI+0.0100%1h4.9039+0.182%$707K$667K3xas long as short
Aster ORDIUSDT+0.0100%4h4.9016+0.135%$3K$432K5xas long as short
Binance ORDIUSDT+0.0100%4h4.8987+0.076%$10.0M$34.7M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.8930−0.041%$4.1M$4.8M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.8940−0.020%$5.2M$18.3M20xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ORDI_USDT+0.0100%4h4.8990+0.082%$6.5M$3.3M200xas long as short
KuCoin ORDIUSDTM+0.0100%4h4.9002+0.106%$995K$829K50xas long as short
Bitget ORDIUSDT+0.0100%4h4.8980+0.061%$2.9M$3.5M50xas long as short
BingX ORDI-USDCshort+0.0100%4h4.9040+0.184%$2.3M
Variational Omni ORDI+0.0100%4h4.8936−0.028%$29K$39Kas long as short
SunX ORDI-USDT+0.0100%4h4.8890−0.123%$1K$1.2M20xas long as short
HTX ORDI-USDTlong+0.0100%4h4.8950long leg$85K$438K75x
Extended ORDI-USD+0.0104%1h4.8975+0.051%$7K$184K5xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0240% / S −0.3359%1h4.8953+0.007%$8K100xas long as short