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

ORDI

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Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against HTX+0.118%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$850.850% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.049%−$5 on $10k
Price spread, last 4 days (all we have)−0.059%−$6 · spread now +0.118%, 7d avg +0.027%
Together, before fees−0.109%+ Points / potential airdropExtended: Active · farm board−$11 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: Extended is 0.091% dearer against HTX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.027%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ORDI-USDT4.84400.0100pay 0.0050% / 4h1h 04m$80K$395K75x
ShortExtended ORDI-USD4.84970.0104get 0.0013% / 1h4m 50s$5K$190K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: +0.118% → +0.027%
$9.06
Slippage, 4 orders
−$68.03
Fee HTX: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$75.12
Costs to cover
0.850%
Break-even
633.0 days
Slippage from HTX: live order book, 58 min ago; Extended: live order book, 57 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, 58 min ago14.34 bp23.0 bp −$23doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 57 min ago2.35 bp16.0 bp −$16111.9 bp −$1,119doesn't fitdoesn't fit

ORDI on 19 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
Kraken Futures PF_ORDIUSD−0.0353%1h4.8442+0.003%$71K$45K25xas long as short
dYdX ORDI-USD0.0000%1h4.8450+0.021%$33K$6515xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−5.966%$776$20K5.5xas long as short
Aster ORDIUSDT+0.0100%4h4.8489+0.101%$13K$429K5xas long as short
Binance ORDIUSDT+0.0100%4h4.8524+0.174%$10.0M$33.7M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.8500+0.124%$4.2M$4.6M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.8530+0.186%$5.2M$17.4M20xas long as short
Gate ORDI_USDT+0.0100%4h4.8510+0.145%$1.3M$2.8M50xas long as short
MEXC ORDI_USDT+0.0100%4h4.8520+0.165%$6.8M$3.4M200xas long as short
KuCoin ORDIUSDTM+0.0100%4h4.8498+0.120%$974K$878K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ORDIUSDT+0.0100%4h4.8550+0.227%$2.9M$3.5M50xas long as short
BingX ORDI-USDT+0.0100%4h4.8520+0.165%$27.1Mas long as short
Variational Omni ORDI+0.0100%4h4.8436−0.009%$24K$55Kas long as short
SunX ORDI-USDT+0.0100%4h4.8410−0.062%$1K$1.2M20xas long as short
HTX ORDI-USDTlong+0.0100%4h4.8440long leg$80K$395K75x
Extended ORDI-USDshort+0.0104%1h4.8497+0.118%$5K$190K5x
BloFin ORDI-USDT+0.0125%4h4.8550+0.227%$604K$303K75xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0239% / S −0.3359%1h4.8443+0.006%$8K100xas long as short
Hyperliquid ORDI+0.0288%1h4.8647+0.427%$700K$662K3xas long as short