Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.008%
Price spread now: Hyperliquid against Extended+0.146%7-day average +0.114% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$750.748% of the position
Funding, last 7 days+0.057%+$6 on $10k
+Price spread, last 4 days (all we have)−0.110%−$11 · spread now +0.146%, 7d avg +0.114%
=Together, before fees−0.053%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board−$5 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: Hyperliquid is 0.032% dearer against Extended than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.114%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ORDI-USD | 4.9433 | 0.0104 | pay 0.0013% / 1h | 28m 38s | $3K | $180K | 5x |
| Short | Hyperliquid ORDI | 4.9505 | 0.0100 | get 0.0013% / 1h | 28m 38s | $713K | $662K | 3x |
Extended ORDI-USD
Hyperliquid ORDIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.84
- Price spread: +0.146% → +0.114%
- $3.22
- Slippage, 4 orders
- −$60.78
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$72.4
- Costs to cover
- 0.748%
- Break-even
- never at this rate
Slippage from Extended: live order book, 23 min ago; Hyperliquid: live order book, 61 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 Extended live order book, 23 min ago | 2.21 bp | 17.4 bp −$17 | 128.1 bp −$1,281 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 61 min ago | 0.71 bp | 23.0 bp −$23 | 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 | −0.0568% | 1h | 4.9395 | −0.077% | $72K | $43K | 25x | as long as short |
| Gate ORDI_USDT | −0.0466% | 4h | 4.9450 | +0.035% | $1.3M | $2.7M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.9471 | +0.077% | $34K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.854% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0098% | 4h | 4.9440 | +0.015% | $611K | $310K | 75x | as long as short |
| Hyperliquid ORDIshort | +0.0100% | 1h | 4.9505 | +0.146% | $713K | $662K | 3x | |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9494 | +0.124% | $10K | $422K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9450 | +0.035% | $10.1M | $33.8M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.9420 | −0.026% | $4.2M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9430 | −0.005% | $5.3M | $17.8M | 20x | as long as short |
Kraken Futures PF_ORDIUSD
Gate ORDI_USDT
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAPShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9450 | +0.035% | $6.8M | $3.3M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.9447 | +0.029% | $978K | $841K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9450 | +0.035% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.9430 | −0.005% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.9641 | +0.422% | $24K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.9390 | −0.086% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9430 | −0.005% | $83K | $410K | 75x | as long as short |
| Extended ORDI-USDlong | +0.0104% | 1h | 4.9433 | long leg | $3K | $180K | 5x | |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.9453 | +0.041% | $8K | — | 100x | as long as short |
MEXC ORDI_USDT
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]