After costs, if the gap returns to its 7d average, $10k−$44
spread now+0.234%7d average+0.084%fees + slippage, in and out−$59spread needed0.593%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ORDIUSDT | 4.9210 | 0.0100 | pay 0.0050% / 4h | 1h 38m | $2.9M | $2.8M | 50x |
| Short | Hyperliquid ORDI | 4.9325 | 0.0100 | get 0.0013% / 1h | 38m 25s | $915K | $533K | 3x |
Bitget 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
- $23.37
- Funding while held
- $0
- Slippage, 4 orders
- −$38.25
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$35.88
- Spread needed to break even
- 0.593%
Slippage from Bitget: live order book, 1 min ago; Hyperliquid: live order book, 23 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 Bitget live order book, 1 min ago | 2.03 bp | 11.0 bp −$11 | 31.0 bp −$310 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 23 min ago | 1.02 bp | 14.8 bp −$15 | 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
Variational Omni4.9007+7.590%dYdX4.9177+7.963%Bybit4.9180+7.969%Gate4.9180+7.969%KuCoin4.9192+7.996%BingX4.9200+8.013%OKX4.9210+8.035%
Injective
Variational Omni
dYdX
Bybit
Gate
KuCoin
BingX
OKXBitget4.9210+8.035%
SunX4.9210+8.035%Aster4.9215+8.046%Extended4.9217+8.050%HTX4.9220+8.057%MEXC4.9230+8.079%Binance4.9240+8.101%BloFin4.9260+8.145%GMX4.9286+8.202%Kraken Futures4.9304+8.241%
SunX
Aster
Extended
HTX
MEXC
Binance
BloFin
GMX
Kraken FuturesHyperliquid4.9325+8.288%
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 | −7.438% | +0.0033% | 1h | $776 | $20K | 5.5x | as long as short |
| Variational Omni ORDI | −0.412% | +0.0100% | 4h | $24K | $58K | — | as long as short |
| dYdX ORDI-USD | −0.067% | 0.0000% | 1h | $34K | $651 | 5x | as long as short |
| Bybit ORDIUSDT | −0.061% | +0.0100% | 4h | $4.1M | $3.8M | 50x | as long as short |
| Gate ORDI_USDT | −0.061% | +0.0014% | 4h | $1.3M | $2.6M | 50x | as long as short |
| KuCoin ORDIUSDTM | −0.037% | +0.0100% | 4h | $902K | $807K | 50x | as long as short |
| BingX ORDI-USDC | −0.020% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| OKX ORDI-USDT-SWAP | 0.000% | +0.0100% | 4h | $5.4M | $16.1M | 20x | as long as short |
| Bitget ORDIUSDTlong | 0.000% | +0.0100% | 4h | $2.9M | $2.8M | 50x | |
| SunX ORDI-USDT | 0.000% | +0.0100% | 4h | $1K | $1.2M | 20x | as long as short |
Show all 19 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster ORDIUSDT | +0.010% | +0.0100% | 4h | $17K | $404K | 5x | as long as short |
| Extended ORDI-USD | +0.013% | +0.0104% | 1h | $5K | $172K | 5x | as long as short |
| HTX ORDI-USDT | +0.020% | +0.0100% | 4h | $85K | $348K | 75x | as long as short |
| MEXC ORDI_USDT | +0.041% | +0.0100% | 4h | $6.7M | $3.1M | 200x | as long as short |
| Binance ORDIUSDT | +0.061% | +0.0100% | 4h | $10.0M | $29.5M | 50x | as long as short |
| BloFin ORDI-USDT | +0.102% | +0.0137% | 4h | $631K | $297K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | +0.155% | L +0.0239% / S −0.3359% | 1h | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.190% | +0.0194% | 1h | $65K | $35K | 25x | as long as short |
| Hyperliquid ORDIshort | +0.234% | +0.0100% | 1h | $915K | $533K | 3x |