Funding you earn now, next payment 04:00 UTC−0.0386%/8h= −42.2% APRpaid last 24h −0.007%
Price spread now: HTX against Hyperliquid−0.035%7-day average −0.145% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$930.931% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 4 days (all we have)−0.130%−$13 · spread now −0.035%, 7d avg −0.145%
=Together, before fees−0.136%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. HTX is 0.110% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.035% now, against its 7-day average of −0.145%): +$11 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 7 days (−0.007% in total) that is about 4 months.
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 | 4.8457 | 0.0486 | pay 0.0061% / 1h | 40m 06s | $697K | $660K | 3x |
| Short | HTX ORDI-USDT | 4.8440 | 0.0100 | get 0.0050% / 4h | 40m 06s | $82K | $401K | 75x |
Hyperliquid ORDI
HTX ORDI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$81
- Price spread: −0.035% → −0.145%
- $10.99
- Slippage, 4 orders
- −$72.05
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$163.06
- Costs to cover
- 0.931%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 60 min ago; HTX: live order book, 18 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, 60 min ago | 3.57 bp | 8.3 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell HTX live order book, 18 min ago | 13.42 bp | 44.6 bp −$45 | doesn't fit | doesn't fit | 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 | −0.0376% | 1h | 4.8342 | −0.237% | $71K | $44K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8437 | −0.041% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −5.999% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0090% | 4h | 4.8410 | −0.097% | $598K | $303K | 75x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8406 | −0.106% | $14K | $428K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8383 | −0.152% | $9.9M | $33.7M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8380 | −0.159% | $4.1M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8360 | −0.200% | $5.2M | $17.3M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8370 | −0.180% | $1.2M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8380 | −0.159% | $6.8M | $3.4M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
MEXC ORDI_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8387 | −0.144% | $966K | $876K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8390 | −0.138% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.8390 | −0.138% | — | $27.1M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8346 | −0.229% | $24K | $55K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8390 | −0.138% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDTshort | +0.0100% | 4h | 4.8440 | −0.035% | $82K | $401K | 75x | |
| Extended ORDI-USD | +0.0104% | 1h | 4.8418 | −0.080% | $2K | $188K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8384 | −0.150% | $8K | — | 100x | as long as short |
| Hyperliquid ORDIlong | +0.0486% | 1h | 4.8457 | long leg | $697K | $660K | 3x |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]