ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0039%/8h= −4.3% APRnext payment −$0.20 per $10,000 · paid last 24h −0.016%

Price spread now: HTX against BloFin−0.143%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$800.800% of the position

Long on BloFin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.143%, 7d avg −0.084%

Together, before fees+0.057%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and HTX is 0.059% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.084%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ORDI-USDT	4.8850	0.0139	pay 0.0070% / 4h	7m 21s	$593K	$308K	75x
Short	HTX ORDI-USDT	4.8780	0.0100	get 0.0050% / 4h	7m 21s	$85K	$338K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against BloFin. 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

Position, each leg$Hold fordaysFee BloFinbpFee HTXbpOrdersPrice spread, now −0.143%Rate

Funding earned: −$8.29
Price spread: −0.143% → −0.084%: −$5.88
Slippage, 4 orders: −$55.99
Fee BloFin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$94.16
Costs to cover: 0.800%
Break-even: never at this rate

Slippage from BloFin: live order book, 9 min ago; HTX: live order book, 31 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 BloFin live order book, 9 min ago	3.07 bp	11.0 bp −$11	21.4 bp −$214	doesn't fit	doesn't fit
Sell HTX live order book, 31 min ago	7.19 bp	41.0 bp −$41	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	−0.0304%	1h	4.8793	−0.117%	$69K	$43K	25x	as long as short
dYdX ORDI-USD	0.0000%	1h	4.8759	−0.186%	$33K	$577	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−6.755%	$776	$20K	5.5x	as long as short
Gate ORDI_USDT	+0.0052%	4h	4.8790	−0.123%	$1.2M	$2.7M	50x	as long as short
Hyperliquid ORDI	+0.0100%	1h	4.8883	+0.068%	$705K	$668K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.8853	+0.005%	$10K	$347K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.8843	−0.014%	$10.0M	$33.8M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.8780	−0.143%	$4.1M	$4.5M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.8800	−0.102%	$5.2M	$17.7M	20x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	4.8830	−0.041%	$6.6M	$3.3M	200x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ORDIUSDTM	+0.0100%	4h	4.8797	−0.108%	$1.0M	$794K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.8820	−0.061%	$2.8M	$3.5M	50x	as long as short
BingX ORDI-USDC	+0.0100%	4h	4.8820	−0.061%	—	$2.3M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.8744	−0.217%	$26K	$32K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8780	−0.143%	$1K	$1.2M	20x	as long as short
HTX ORDI-USDTshort	+0.0100%	4h	4.8780	−0.143%	$85K	$338K	75x
Extended ORDI-USD	+0.0104%	1h	4.8817	−0.068%	$2K	$222K	5x	as long as short
BloFin ORDI-USDTlong	+0.0139%	4h	4.8850	long leg	$593K	$308K	75x
GMX ORDI/USD [WBTC.b-USDC]	L +0.0239% / S −0.3359%	1h	4.8790	−0.123%	$8K	—	100x	as long as short