After costs, if the gap returns to its 7d average, $10k−$41
spread now+0.180%7d average+0.064%fees + slippage, in and out−$53spread needed0.528%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ORDIUSDT | 4.9870 | 0.0100 | pay 0.0050% / 4h | 3h 06m | $10.4M | $27.4M | 50x |
| Short | Hyperliquid ORDI | 4.9960 | 0.0328 | get 0.0041% / 1h | 6m 10s | $918K | $497K | 3x |
Binance ORDIUSDT
Hyperliquid ORDIPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $18.05
- Funding while held
- $6.85
- Slippage, 4 orders
- −$33.8
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$27.91
- Spread needed to break even
- 0.528%
Slippage from Binance: live order book, 7 min ago; Hyperliquid: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0228%
- Per $10,000 a day
- +$6.85
- Average in range /8h
- —
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 Binance live order book, 7 min ago | 1.00 bp | 12.2 bp −$12 | 31.2 bp −$312 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 2.39 bp | 18.3 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
ORDI price on every exchange
against the cheapest. Click to use as the short leg.Injective4.5550cheapest
dYdX4.9678+9.064%BloFin4.9700+9.111%Bybit4.9710+9.133%SunX4.9740+9.199%KuCoin4.9770+9.265%Gate4.9790+9.308%Bitget4.9790+9.308%BingX4.9790+9.308%Aster4.9817+9.368%OKX4.9840+9.418%HTX4.9840+9.418%MEXC4.9860+9.462%Extended4.9865+9.472%Kraken Futures4.9866+9.475%
Injective
dYdX
BloFin
Bybit
SunX
KuCoin
Gate
Bitget
BingX
Aster
OKX
HTX
MEXC
Extended
Kraken FuturesBinance4.9870+9.484%
GMX4.9877+9.499%Variational Omni4.9920+9.593%
GMX
Variational OmniHyperliquid4.9960+9.682%
ORDI on 19 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ORDI/USDC PERP | −8.663% | +0.0033% | 1h | $776 | $73K | 5.5x | as long as short |
| dYdX ORDI-USD | −0.384% | 0.0000% | 1h | $34K | $651 | 5x | as long as short |
| BloFin ORDI-USDT | −0.341% | +0.0110% | 4h | $667K | $298K | 75x | as long as short |
| Bybit ORDIUSDT | −0.321% | +0.0100% | 4h | $4.2M | $3.6M | 50x | as long as short |
| SunX ORDI-USDT | −0.261% | +0.0100% | 4h | $1K | $1.1M | 20x | as long as short |
| KuCoin ORDIUSDTM | −0.201% | +0.0100% | 4h | $918K | $760K | 50x | as long as short |
| Gate ORDI_USDT | −0.160% | +0.0100% | 4h | $1.3M | $2.5M | 50x | as long as short |
| Bitget ORDIUSDT | −0.160% | +0.0100% | 4h | $2.9M | $2.7M | 50x | as long as short |
| BingX ORDI-USDT | −0.160% | +0.0100% | 4h | — | $26.9M | — | as long as short |
| Aster ORDIUSDT | −0.106% | +0.0100% | 4h | $12K | $388K | 5x | as long as short |
Show all 19 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX ORDI-USDT-SWAP | −0.060% | +0.0100% | 4h | $5.7M | $15.4M | 20x | as long as short |
| HTX ORDI-USDT | −0.060% | +0.0100% | 4h | $86K | $323K | 75x | as long as short |
| MEXC ORDI_USDT | −0.020% | +0.0100% | 4h | $7.0M | $3.2M | 200x | as long as short |
| Extended ORDI-USD | −0.011% | +0.0104% | 1h | $5K | $172K | 5x | as long as short |
| Kraken Futures PF_ORDIUSD | −0.008% | +0.1442% | 1h | $66K | $34K | 25x | as long as short |
| Binance ORDIUSDTlong | 0.000% | +0.0100% | 4h | $10.4M | $27.4M | 50x | |
| GMX ORDI/USD [WBTC.b-USDC] | +0.014% | L +0.0240% / S −0.3359% | 1h | $9K | — | 100x | as long as short |
| Variational Omni ORDI | +0.100% | +0.0100% | 4h | $26K | $56K | — | as long as short |
| Hyperliquid ORDIshort | +0.180% | +0.0328% | 1h | $918K | $497K | 3x |