After costs, if the gap returns to its 7d average, $10k−$58
spread now+0.244%7d average+0.113%fees + slippage, in and out−$71spread needed0.708%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ORDI_USDT | 4.9110 | 0.0100 | pay 0.0050% / 4h | 58m 48s | $1.3M | $2.7M | 50x |
| Short | Hyperliquid ORDI | 4.9230 | 0.0207 | get 0.0026% / 1h | 58m 48s | $913K | $535K | 3x |
Gate ORDI_USDT
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
- $24.43
- Funding while held
- $3.21
- Slippage, 4 orders
- −$46.78
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$43.14
- Spread needed to break even
- 0.708%
Slippage from Gate: live order book, 6 min ago; Hyperliquid: live order book, 63 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0107%
- Per $10,000 a day
- +$3.21
- 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 Gate live order book, 6 min ago | 2.03 bp | 22.9 bp −$23 | 103.3 bp −$1,033 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 63 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
SunX4.9090+7.772%OKX4.9110+7.816%
Injective
SunX
OKXGate4.9110+7.816%
Bybit4.9130+7.859%BingX4.9140+7.881%Binance4.9152+7.908%Bitget4.9160+7.925%HTX4.9160+7.925%Variational Omni4.9166+7.939%MEXC4.9170+7.947%KuCoin4.9170+7.947%BloFin4.9170+7.947%Extended4.9171+7.950%dYdX4.9176+7.960%Kraken Futures4.9183+7.976%GMX4.9190+7.992%Aster4.9200+8.013%
Bybit
BingX
Binance
Bitget
HTX
Variational Omni
MEXC
KuCoin
BloFin
Extended
dYdX
Kraken Futures
GMX
AsterHyperliquid4.9230+8.079%
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 | −7.249% | +0.0033% | 1h | $776 | $20K | 5.5x | as long as short |
| SunX ORDI-USDT | −0.041% | +0.0100% | 4h | $2K | $1.2M | 20x | as long as short |
| OKX ORDI-USDT-SWAP | 0.000% | +0.0100% | 4h | $5.4M | $16.0M | 20x | as long as short |
| Gate ORDI_USDTlong | 0.000% | +0.0100% | 4h | $1.3M | $2.7M | 50x | |
| Bybit ORDIUSDT | +0.041% | +0.0100% | 4h | $4.1M | $3.8M | 50x | as long as short |
| BingX ORDI-USDT | +0.061% | +0.0100% | 4h | — | $26.8M | — | as long as short |
| Binance ORDIUSDT | +0.086% | +0.0100% | 4h | $10.0M | $29.6M | 50x | as long as short |
| Bitget ORDIUSDT | +0.102% | +0.0100% | 4h | $2.9M | $2.8M | 50x | as long as short |
| HTX ORDI-USDT | +0.102% | +0.0100% | 4h | $85K | $349K | 75x | as long as short |
| Variational Omni ORDI | +0.114% | +0.0100% | 4h | $24K | $58K | — | as long as short |
Show all 19 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC ORDI_USDT | +0.122% | +0.0100% | 4h | $6.7M | $3.1M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.122% | +0.0100% | 4h | $895K | $813K | 50x | as long as short |
| BloFin ORDI-USDT | +0.122% | +0.0049% | 4h | $633K | $295K | 75x | as long as short |
| Extended ORDI-USD | +0.125% | +0.0104% | 1h | $5K | $172K | 5x | as long as short |
| dYdX ORDI-USD | +0.134% | 0.0000% | 1h | $34K | $651 | 5x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.149% | +0.0302% | 1h | $65K | $35K | 25x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | +0.164% | L +0.0239% / S −0.3359% | 1h | $8K | — | 100x | as long as short |
| Aster ORDIUSDT | +0.184% | +0.0100% | 4h | $16K | $404K | 5x | as long as short |
| Hyperliquid ORDIshort | +0.244% | +0.0207% | 1h | $913K | $535K | 3x |