Funding you earn now, next payment 04:00 UTC−0.0320%/8h= −35.0% APRpaid last 24h −0.007%
Price spread now: BingX against Hyperliquid−0.157%7-day average −0.145% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$880.877% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.157%, 7d avg −0.145%
=Together, before fees+0.044%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.145%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.007% in total (about -0.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ORDI | 4.8917 | 0.0420 | pay 0.0052% / 1h | 23m 37s | $704K | $660K | 3x |
| Short | BingX ORDI-USDC | 4.8840 | 0.0100 | get 0.0050% / 4h | 23m 37s | — | $2.3M | — |
Hyperliquid ORDI
BingX ORDI-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$67.1
- Price spread: −0.157% → −0.145%
- −$1.28
- Slippage, 4 orders
- −$68.7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$156.07
- Costs to cover
- 0.877%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; BingX: live order book, 9 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 Hyperliquid live order book, 6 min ago | 0.71 bp | 18.2 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 2.05 bp | 30.6 bp −$31 | 130.7 bp −$1,307 | 491.1 bp −$49.1K | 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 | −0.0372% | 1h | 4.8839 | −0.159% | $72K | $44K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8782 | −0.277% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.883% | $776 | $20K | 5.5x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8777 | −0.286% | $14K | $428K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8850 | −0.137% | $10.0M | $33.6M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8790 | −0.260% | $4.2M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8820 | −0.198% | $5.2M | $17.4M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8800 | −0.239% | $1.3M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8840 | −0.157% | $6.8M | $3.4M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8820 | −0.198% | $974K | $876K | 50x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
MEXC ORDI_USDT
KuCoin ORDIUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8820 | −0.198% | $2.9M | $3.6M | 50x | as long as short |
| BingX ORDI-USDCshort | +0.0100% | 4h | 4.8840 | −0.157% | — | $2.3M | — | |
| Variational Omni ORDI | +0.0100% | 4h | 4.8761 | −0.319% | $24K | $53K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8800 | −0.239% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8810 | −0.219% | $81K | $402K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8837 | −0.163% | $2K | $188K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0106% | 4h | 4.8900 | −0.035% | $595K | $305K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8818 | −0.203% | $8K | — | 100x | as long as short |
| Hyperliquid ORDIlong | +0.0420% | 1h | 4.8917 | long leg | $704K | $660K | 3x |
Bitget ORDIUSDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]