Settings8H · net · $10k
Funding arb · Price arb /

ORDI

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against HTX+0.184%7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$840.837% of the position
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)−0.122%−$12 · spread now +0.184%, 7d avg +0.048%
Together, before fees−0.122%−$12 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: Bitget is 0.137% dearer against HTX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.048%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ORDI-USDT4.88100.0100pay 0.0050% / 4h1h 59m$79K$382K75x
ShortBitget ORDIUSDT4.89000.0100get 0.0050% / 4h1h 59m$2.9M$3.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$0
Price spread: +0.184% → +0.048%
$13.68
Slippage, 4 orders
−$59.69
Fee HTX: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$70.01
Costs to cover
0.837%
Break-even
never at this rate
Slippage from HTX: live order book, 3 min ago; Bitget: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 3 min ago14.34 bp23.0 bp −$23doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 3 min ago4.09 bp16.5 bp −$1731.1 bp −$311doesn't fitdoesn't fit

ORDI on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ORDI-USD0.0000%1h4.8878+0.140%$34K$6515xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−6.679%$776$20K5.5xas long as short
Aster ORDIUSDT+0.0100%4h4.8898+0.180%$13K$426K5xas long as short
Binance ORDIUSDT+0.0100%4h4.8919+0.223%$10.0M$33.1M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.8860+0.102%$4.2M$4.6M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.8920+0.225%$5.3M$17.4M20xas long as short
Gate ORDI_USDT+0.0100%4h4.8890+0.164%$1.3M$2.7M50xas long as short
MEXC ORDI_USDT+0.0100%4h4.8890+0.164%$7.0M$3.5M200xas long as short
KuCoin ORDIUSDTM+0.0100%4h4.8867+0.117%$933K$867K50xas long as short
Bitget ORDIUSDTshort+0.0100%4h4.8900+0.184%$2.9M$3.4M50x
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ORDI-USDT+0.0100%4h4.8900+0.184%$27.1Mas long as short
Variational Omni ORDI+0.0100%4h4.8861+0.105%$24K$55Kas long as short
SunX ORDI-USDT+0.0100%4h4.8830+0.041%$1K$1.2M20xas long as short
HTX ORDI-USDTlong+0.0100%4h4.8810long leg$79K$382K75x
Extended ORDI-USD+0.0104%1h4.8884+0.151%$3K$194K5xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0239% / S −0.3359%1h4.8834+0.049%$8K100xas long as short
Hyperliquid ORDI+0.0583%1h4.9010+0.410%$707K$660K3xas long as short
Kraken Futures PF_ORDIUSD+0.3061%1h4.8854+0.090%$72K$46K25xas long as short