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

ORDI

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: HTX against BingX−0.102%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1041.040% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.094%+$9 · spread now −0.102%, 7d avg −0.006%
Together, before fees+0.094%+$9 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 0.096% cheaper against BingX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ORDI-USDC4.88800.0100pay 0.0050% / 4h58m 31s$2.3M
ShortHTX ORDI-USDT4.88300.0100get 0.0050% / 4h58m 31s$85K$385K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against BingX. 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: −0.102% → −0.006%
−$9.59
Slippage, 4 orders
−$81.99
Fee BingX: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$113.58
Costs to cover
1.040%
Break-even
never at this rate
Slippage from BingX: live order book, 5 min ago; HTX: live order book, 45 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 BingX live order book, 5 min ago1.02 bp22.4 bp −$22126.4 bp −$1,264487.0 bp −$48.7K772.6 bp −$386.3K
Sell HTX live order book, 45 min ago16.31 bp42.9 bp −$43doesn't fitdoesn't fitdoesn't fit

ORDI on 19 venues

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−0.0304%1h4.8832−0.098%$69K$43K25xas long as short
Gate ORDI_USDT−0.0060%4h4.8840−0.082%$1.2M$2.7M50xas long as short
dYdX ORDI-USD0.0000%1h4.8883+0.007%$34K$5775xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−6.813%$776$20K5.5xas long as short
BloFin ORDI-USDT+0.0068%4h4.8870−0.020%$596K$305K75xas long as short
Hyperliquid ORDI+0.0100%1h4.8918+0.078%$707K$668K3xas long as short
Aster ORDIUSDT+0.0100%4h4.8871−0.019%$4K$421K5xas long as short
Binance ORDIUSDT+0.0100%4h4.8850−0.061%$10.0M$34.1M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.8810−0.143%$4.1M$4.6M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.8810−0.143%$5.2M$17.8M20xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ORDI_USDT+0.0100%4h4.8850−0.061%$6.6M$3.2M200xas long as short
KuCoin ORDIUSDTM+0.0100%4h4.8864−0.033%$992K$793K50xas long as short
Bitget ORDIUSDT+0.0100%4h4.8830−0.102%$2.8M$3.5M50xas long as short
BingX ORDI-USDClong+0.0100%4h4.8880long leg$2.3M
Variational Omni ORDI+0.0100%4h4.8851−0.058%$26K$33Kas long as short
SunX ORDI-USDT+0.0100%4h4.8800−0.164%$1K$1.2M20xas long as short
HTX ORDI-USDTshort+0.0100%4h4.8830−0.102%$85K$385K75x
Extended ORDI-USD+0.0104%1h4.8835−0.091%$4K$165K5xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0239% / S −0.3359%1h4.8850−0.061%$8K100xas long as short