ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0038%/8h= +4.2% APRnext payment +$0.19 per $10,000 · paid last 24h +0.018%

Price spread now: BloFin against HTX+0.123%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$740.739% of the position

Long on HTX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.123%, 7d avg +0.085%

Together, before fees−0.024%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.038% dearer against HTX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ORDI-USDT	4.8800	0.0100	pay 0.0050% / 4h	3h 18m	$87K	$343K	75x
Short	BloFin ORDI-USDT	4.8860	0.0138	get 0.0069% / 4h	3h 18m	$590K	$300K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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

Position, each leg$Hold fordaysFee HTXbpFee BloFinbpOrdersPrice spread, now +0.123%Rate

Funding earned: $7.98
Price spread: +0.123% → +0.085%: $3.76
Slippage, 4 orders: −$49.89
Fee HTX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$62.15
Costs to cover: 0.739%
Break-even: 61.5 days

Slippage from HTX: live order book, 14 min ago; BloFin: live order book, 58 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 HTX live order book, 14 min ago	8.28 bp	14.7 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 58 min ago	3.07 bp	13.2 bp −$13	25.4 bp −$254	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	−0.0449%	1h	4.8788	−0.024%	$69K	$43K	25x	as long as short
dYdX ORDI-USD	0.0000%	1h	4.8798	−0.005%	$33K	$577	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−6.660%	$776	$20K	5.5x	as long as short
Hyperliquid ORDI	+0.0100%	1h	4.8925	+0.256%	$705K	$654K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.8871	+0.146%	$10K	$344K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.8866	+0.135%	$9.9M	$33.7M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.8810	+0.020%	$4.1M	$4.4M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.8860	+0.123%	$5.2M	$17.8M	20x	as long as short
Gate ORDI_USDT	+0.0100%	4h	4.8820	+0.041%	$1.2M	$2.7M	50x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	4.8860	+0.123%	$6.8M	$3.2M	200x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ORDIUSDTM	+0.0100%	4h	4.8843	+0.088%	$1.0M	$791K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.8840	+0.082%	$2.8M	$3.5M	50x	as long as short
BingX ORDI-USDT	+0.0100%	4h	4.8850	+0.102%	—	$26.9M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.8853	+0.108%	$25K	$33K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8780	−0.041%	$2K	$1.2M	20x	as long as short
HTX ORDI-USDTlong	+0.0100%	4h	4.8800	long leg	$87K	$343K	75x
Extended ORDI-USD	+0.0104%	1h	4.8831	+0.063%	$5K	$223K	5x	as long as short
BloFin ORDI-USDTshort	+0.0138%	4h	4.8860	+0.123%	$590K	$300K	75x
GMX ORDI/USD [WBTC.b-USDC]	L +0.0239% / S −0.3359%	1h	4.8815	+0.031%	$8K	—	100x	as long as short