ORDI

Alert

Funding spread now, next payment 17:00 UTC−0.0226%/8h

paid, last 24h−0.009%paid, last 7 days−0.070%to open and close $10k−$72

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.070% in total (about -3.6% 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	4.9906	0.0326	pay 0.0041% / 1h	6m 27s	$917K	$497K	3x
Short	Gate ORDI_USDT	4.9740	0.0100	get 0.0050% / 4h	3h 06m	$1.3M	$2.5M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee GatebpOrdersRate

Funding earned: −$47.54
Slippage, 4 orders: −$47.8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$119.34
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 5 min ago; Gate: live order book, 3 min ago.

Price risk

price view

Price gap now: −0.333%
Avg gap 7d: −0.108%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 5 min ago	2.39 bp	10.7 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	2.01 bp	18.9 bp −$19	77.0 bp −$770	doesn't fit	doesn't fit

ORDI on 19 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
dYdX ORDI-USD	0.0000%	1h	$34K	$651	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	$776	$73K	5.5x	as long as short
Aster ORDIUSDT	+0.0100%	4h	$12K	$388K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	$10.4M	$27.4M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	$4.2M	$3.6M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	$5.7M	$15.3M	20x	as long as short
Gate ORDI_USDTshort	+0.0100%	4h	$1.3M	$2.5M	50x
MEXC ORDI_USDT	+0.0100%	4h	$7.0M	$3.2M	200x	as long as short
KuCoin ORDIUSDTM	+0.0100%	4h	$918K	$763K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	$2.9M	$2.7M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BingX ORDI-USDT	+0.0100%	4h	—	$26.9M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	$26K	$56K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	$1K	$1.1M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	$85K	$323K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	$5K	$172K	5x	as long as short
BloFin ORDI-USDT	+0.0110%	4h	$667K	$298K	75x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0240% / S −0.3359%	1h	$9K	—	100x	as long as short
Hyperliquid ORDIlong	+0.0326%	1h	$917K	$497K	3x
Kraken Futures PF_ORDIUSD	+0.1446%	1h	$66K	$34K	25x	as long as short