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: KuCoin against HTX+0.161%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$153as in the Funding arb table
Net, price: spread back to 7d avg − costs−$138as in the Price arb table
costs, in and out, $10k−$1511.506% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.024%−$2 on $10k
Price spread, last 4 days (all we have)−0.119%−$12 · spread now +0.161%, 7d avg +0.039%
Together, before fees−0.142%−$14 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: KuCoin is 0.122% dearer against HTX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.039%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ORDI-USDT4.89800.0100pay 0.0050% / 4h1h 38m$85K$438K75x
ShortKuCoin ORDIUSDTM4.90590.0100get 0.0050% / 4h1h 38m$996K$829K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: +0.161% → +0.039%
$12.25
Slippage, 4 orders
−$126.6
Fee HTX: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$138.35
Costs to cover
1.506%
Break-even
never at this rate
Slippage from HTX: live order book, 5 min ago; KuCoin: live order book, 16 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, 5 min ago16.31 bp24.9 bp −$25doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 16 min ago7.54 bp32.6 bp −$33553.5 bp −$5,535doesn'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−0.0541%1h4.9003+0.046%$70K$47K25xas long as short
Gate ORDI_USDT−0.0046%4h4.9030+0.102%$1.3M$2.7M50xas long as short
dYdX ORDI-USD0.0000%1h4.9008+0.058%$34K$5775xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−7.003%$776$20K5.5xas long as short
BloFin ORDI-USDT+0.0078%4h4.9040+0.122%$600K$314K75xas long as short
Hyperliquid ORDI+0.0100%1h4.9110+0.265%$708K$667K3xas long as short
Aster ORDIUSDT+0.0100%4h4.9066+0.176%$3K$432K5xas long as short
Binance ORDIUSDT+0.0100%4h4.9061+0.165%$10.0M$34.7M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.8960−0.041%$4.1M$4.7M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.8940−0.082%$5.2M$18.2M20xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ORDI_USDT+0.0100%4h4.9050+0.143%$6.6M$3.3M200xas long as short
KuCoin ORDIUSDTMshort+0.0100%4h4.9059+0.161%$996K$829K50x
Bitget ORDIUSDT+0.0100%4h4.9020+0.082%$2.8M$3.5M50xas long as short
BingX ORDI-USDT+0.0100%4h4.9020+0.082%$26.9Mas long as short
Variational Omni ORDI+0.0100%4h4.9091+0.227%$29K$39Kas long as short
SunX ORDI-USDT+0.0100%4h4.8950−0.061%$1K$1.2M20xas long as short
HTX ORDI-USDTlong+0.0100%4h4.8980long leg$85K$438K75x
Extended ORDI-USD+0.0104%1h4.9049+0.140%$7K$155K5xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0240% / S −0.3359%1h4.9039+0.120%$8K100xas long as short