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

ORDI

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Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: HTX against MEXC−0.124%7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$630.634% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.054%+$5 on $10k
Price spread, last 4 days (all we have)+0.079%+$8 · spread now −0.124%, 7d avg −0.070%
Together, before fees+0.133%+$13 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: HTX is 0.054% cheaper against MEXC than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.070%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ORDI_USDT4.83200.0100pay 0.0050% / 4h2h 01m$6.8M$3.2M200x
ShortHTX ORDI-USDT4.82600.0100get 0.0050% / 4h2h 01m$83K$349K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against MEXC. 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: −0.124% → −0.070%
−$5.39
Slippage, 4 orders
−$51.37
Fee MEXC: 0 bp × 2 orders
$0
Fee HTX: 6 bp × 2 orders
−$12
Net
−$68.76
Costs to cover
0.634%
Break-even
never at this rate
Slippage from MEXC: live order book, 4 min ago; HTX: live order book, 49 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 MEXC live order book, 4 min ago1.03 bp4.1 bp −$414.0 bp −$14056.4 bp −$5,635114.6 bp −$57.3K
Sell HTX live order book, 49 min ago12.44 bp35.2 bp −$35doesn't fitdoesn't fitdoesn't fit

ORDI on 19 exchanges

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−0.0424%1h4.8205−0.237%$69K$43K25xas long as short
dYdX ORDI-USD0.0000%1h4.8328+0.017%$33K$5775xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−5.733%$776$20K5.5xas long as short
BloFin ORDI-USDT+0.0042%4h4.8360+0.083%$583K$285K75xas long as short
Hyperliquid ORDI+0.0100%1h4.8379+0.122%$698K$640K3xas long as short
Aster ORDIUSDT+0.0100%4h4.8326+0.012%$10K$279K5xas long as short
Binance ORDIUSDT+0.0100%4h4.8330+0.021%$9.8M$32.3M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.8270−0.103%$4.0M$4.3M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.8280−0.083%$5.1M$17.3M20xas long as short
Gate ORDI_USDT+0.0100%4h4.83200.000%$1.2M$2.6M50xas long as short
Show all 19 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ORDI_USDTlong+0.0100%4h4.8320long leg$6.8M$3.2M200x
KuCoin ORDIUSDTM+0.0100%4h4.8341+0.043%$1.0M$746K50xas long as short
Bitget ORDIUSDT+0.0100%4h4.83200.000%$2.8M$3.4M50xas long as short
BingX ORDI-USDC+0.0100%4h4.8290−0.062%$2.3Mas long as short
Variational Omni ORDI+0.0100%4h4.8329+0.018%$25K$33Kas long as short
SunX ORDI-USDT+0.0100%4h4.8290−0.062%$1K$1.1M20xas long as short
HTX ORDI-USDTshort+0.0100%4h4.8260−0.124%$83K$349K75x
Extended ORDI-USD+0.0104%1h4.8315−0.011%$4K$226K5xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0238% / S −0.3359%1h4.8294−0.053%$8K100xas long as short