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 −0.010%
Price spread now: Gate against HTX+0.082%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$820.823% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.070%−$7 on $10k
Price spread, last 3 days (all we have)−0.071%−$7 · spread now +0.082%, 7d avg +0.011%
Together, before fees−0.141%−$14 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: Gate is 0.072% dearer against HTX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.011%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ORDI-USDT4.86700.0100pay 0.0050% / 4h3h 54m$89K$355K75x
ShortGate ORDI_USDT4.87100.0100get 0.0050% / 4h3h 54m$1.3M$2.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: +0.082% → +0.011%
$7.17
Slippage, 4 orders
−$55.3
Fee HTX: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$75.13
Costs to cover
0.823%
Break-even
never at this rate
Slippage from HTX: live order book, 18 min ago; Gate: 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, 18 min ago12.35 bp20.1 bp −$20doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 3 min ago3.07 bp23.1 bp −$2381.6 bp −$816doesn'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
dYdX ORDI-USD0.0000%1h4.8713+0.089%$33K$6515xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−6.411%$776$20K5.5xas long as short
Hyperliquid ORDI+0.0100%1h4.8766+0.197%$708K$653K3xas long as short
Aster ORDIUSDT+0.0100%4h4.8701+0.063%$5K$420K5xas long as short
Binance ORDIUSDT+0.0100%4h4.8710+0.082%$10.0M$31.6M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.86700.000%$4.1M$4.3M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.8700+0.062%$5.3M$16.5M20xas long as short
Gate ORDI_USDTshort+0.0100%4h4.8710+0.082%$1.3M$2.6M50x
MEXC ORDI_USDT+0.0100%4h4.8710+0.082%$7.0M$3.3M200xas long as short
KuCoin ORDIUSDTM+0.0100%4h4.8711+0.084%$939K$813K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ORDIUSDT+0.0100%4h4.8680+0.021%$2.9M$3.0M50xas long as short
BingX ORDI-USDT+0.0100%4h4.8720+0.103%$24.3Mas long as short
Variational Omni ORDI+0.0100%4h4.8848+0.367%$24K$56Kas long as short
SunX ORDI-USDT+0.0100%4h4.8590−0.164%$1K$1.2M20xas long as short
HTX ORDI-USDTlong+0.0100%4h4.8670long leg$89K$355K75x
Extended ORDI-USD+0.0104%1h4.8700+0.062%$5K$168K5xas long as short
BloFin ORDI-USDT+0.0141%4h4.8690+0.041%$598K$308K75xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0239% / S −0.3359%1h4.8677+0.014%$8K100xas long as short
Kraken Futures PF_ORDIUSD+0.2977%1h4.8782+0.230%$65K$43K25xas long as short