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

ORDI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0066%/8h= +7.2% APRpaid last 24h +0.003%
Price spread now: Hyperliquid against HTX+0.196%7-day average +0.139% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.003%$0 on $10k
Price spread, last 3 days (all we have)−0.073%−$7 · spread now +0.196%, 7d avg +0.139%
Together, before fees−0.070%+ Points / potential airdropHyperliquid: Season 2 · farm board−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hyperliquid is 0.057% dearer against HTX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.139%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ORDI-USDT4.88600.0100pay 0.0050% / 4h2h 03m$79K$382K75x
ShortHyperliquid ORDI4.89560.0166get 0.0021% / 1h3m 05s$706K$660K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$13.77
Price spread: +0.196% → +0.139%
$5.75
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$1.49
Costs to cover
0.210%
Break-even
7.8 days
Slippage unknown: HTX: live order book, 65 min ago; Hyperliquid: live order book, 47 min ago. Net counts fees only.

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, 65 min ago17.06 bp23.7 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 47 min ago1.01 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

ORDI on 18 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
dYdX ORDI-USD0.0000%1h4.8915+0.113%$34K$6515xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−6.774%$776$20K5.5xas long as short
Aster ORDIUSDT+0.0100%4h4.8957+0.199%$13K$426K5xas long as short
Binance ORDIUSDT+0.0100%4h4.8887+0.054%$10.0M$33.1M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.88600.000%$4.2M$4.6M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.88600.000%$5.3M$17.4M20xas long as short
Gate ORDI_USDT+0.0100%4h4.8920+0.123%$1.3M$2.7M50xas long as short
MEXC ORDI_USDT+0.0100%4h4.8880+0.041%$7.0M$3.5M200xas long as short
KuCoin ORDIUSDTM+0.0100%4h4.8931+0.145%$934K$867K50xas long as short
Bitget ORDIUSDT+0.0100%4h4.8870+0.020%$2.9M$3.5M50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ORDI-USDC+0.0100%4h4.9020+0.327%$2.3Mas long as short
Variational Omni ORDI+0.0100%4h4.8861+0.003%$24K$55Kas long as short
SunX ORDI-USDT+0.0100%4h4.8870+0.020%$1K$1.2M20xas long as short
HTX ORDI-USDTlong+0.0100%4h4.8860long leg$79K$382K75x
Extended ORDI-USD+0.0104%1h4.8922+0.128%$3K$194K5xas long as short
Hyperliquid ORDIshort+0.0166%1h4.8956+0.196%$706K$660K3x
GMX ORDI/USD [WBTC.b-USDC]L +0.0239% / S −0.3359%1h4.8850−0.020%$8K100xas long as short
Kraken Futures PF_ORDIUSD+0.3060%1h4.8877+0.035%$72K$46K25xas long as short