Funding arb · Price arb /

ORDI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against HTX+0.061%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$1021.021% of the position

Long on HTX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.069%−$7 · spread now +0.061%, 7d avg −0.003%

Together, before fees−0.069%−$7 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: BingX is 0.065% dearer against HTX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ORDI-USDT	4.8800	0.0100	pay 0.0050% / 4h	5m 02s	$84K	$350K	75x
Short	BingX ORDI-USDC	4.8830	0.0100	get 0.0050% / 4h	5m 02s	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against HTX. 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 HTXbpFee BingXbpOrdersPrice spread, now +0.061%Rate

Funding earned: $0
Price spread: +0.061% → −0.003%: $6.49
Slippage, 4 orders: −$80.06
Fee HTX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$95.57
Costs to cover: 1.021%
Break-even: never at this rate

Slippage from HTX: live order book, 27 min ago; BingX: live order book, 2 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 HTX live order book, 27 min ago	4.10 bp	18.4 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	3.08 bp	24.6 bp −$25	109.8 bp −$1,098	407.9 bp −$40.8K	561.6 bp −$280.8K

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
dYdX ORDI-USD	0.0000%	1h	4.8774	−0.053%	$33K	$651	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−6.660%	$776	$20K	5.5x	as long as short
BloFin ORDI-USDT	+0.0064%	4h	4.8820	+0.041%	$621K	$293K	75x	as long as short
Gate ORDI_USDT	+0.0082%	4h	4.8810	+0.020%	$1.3M	$2.7M	50x	as long as short
Hyperliquid ORDI	+0.0100%	1h	4.8914	+0.234%	$907K	$531K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.8845	+0.093%	$6K	$415K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.8856	+0.116%	$9.9M	$29.9M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.8780	−0.041%	$4.1M	$4.0M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.8820	+0.041%	$5.4M	$15.9M	20x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	4.8860	+0.123%	$6.7M	$3.1M	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	4.8826	+0.053%	$891K	$818K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.8830	+0.061%	$2.9M	$2.8M	50x	as long as short
BingX ORDI-USDCshort	+0.0100%	4h	4.8830	+0.061%	—	$2.3M	—
Variational Omni ORDI	+0.0100%	4h	4.8775	−0.052%	$24K	$56K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8770	−0.061%	$1K	$1.2M	20x	as long as short
HTX ORDI-USDTlong	+0.0100%	4h	4.8800	long leg	$84K	$350K	75x
Extended ORDI-USD	+0.0104%	1h	4.8852	+0.106%	$5K	$172K	5x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0239% / S −0.3359%	1h	4.8818	+0.036%	$8K	—	100x	as long as short
Kraken Futures PF_ORDIUSD	+0.0304%	1h	4.8822	+0.045%	$64K	$36K	25x	as long as short