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

ORDI

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Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against HTX+0.280%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$910.912% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.048%−$5 on $10k
Price spread, last 4 days (all we have)−0.242%−$24 · spread now +0.280%, 7d avg +0.030%
Together, before fees−0.290%+ Points / potential airdropExtended: Active · farm board−$29 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: Extended is 0.251% dearer against HTX than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of +0.030%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ORDI-USDT4.94900.0100pay 0.0050% / 4h3h 46m$83K$410K75x
ShortExtended ORDI-USD4.96290.0104get 0.0013% / 1h46m 15s$3K$185K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: +0.280% → +0.030%
$25.06
Slippage, 4 orders
−$74.19
Fee HTX: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$65.28
Costs to cover
0.912%
Break-even
551.0 days
Slippage from HTX: live order book, 7 min ago; Extended: live order book, 5 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, 7 min ago14.09 bp24.3 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 5 min ago2.21 bp16.2 bp −$16145.3 bp −$1,453doesn'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−0.0566%1h4.9547+0.115%$73K$44K25xas long as short
dYdX ORDI-USD0.0000%1h4.9576+0.173%$34K$5775xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−7.961%$776$20K5.5xas long as short
BloFin ORDI-USDT+0.0079%4h4.9640+0.303%$606K$311K75xas long as short
Hyperliquid ORDI+0.0100%1h4.9696+0.416%$715K$661K3xas long as short
Aster ORDIUSDT+0.0100%4h4.9621+0.264%$12K$423K5xas long as short
Binance ORDIUSDT+0.0100%4h4.9621+0.265%$10.1M$33.7M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.9590+0.202%$4.2M$4.6M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.9590+0.202%$5.4M$17.8M20xas long as short
Gate ORDI_USDT+0.0100%4h4.9600+0.222%$1.3M$2.7M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ORDI_USDT+0.0100%4h4.9630+0.283%$6.9M$3.3M200xas long as short
KuCoin ORDIUSDTM+0.0100%4h4.9619+0.261%$976K$854K50xas long as short
Bitget ORDIUSDT+0.0100%4h4.9620+0.263%$2.9M$3.5M50xas long as short
BingX ORDI-USDT+0.0100%4h4.9620+0.263%$27.0Mas long as short
Variational Omni ORDI+0.0100%4h4.9636+0.296%$24K$42Kas long as short
SunX ORDI-USDT+0.0100%4h4.9580+0.182%$2K$1.2M20xas long as short
HTX ORDI-USDTlong+0.0100%4h4.9490long leg$83K$410K75x
Extended ORDI-USDshort+0.0104%1h4.9629+0.280%$3K$185K5x
GMX ORDI/USD [WBTC.b-USDC]L +0.0240% / S −0.3359%1h4.9637+0.297%$9K100xas long as short