Funding you earn now, next payment 08:00 UTC−0.0262%/8h= −28.7% APRnext payment −$1.31 per $10,000 · paid last 24h −0.010%
Price spread now: Gate against HTX+0.145%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$128as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1221.216% of the position
Funding, last 7 days−0.065%−$6 on $10k
+Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.145%, 7d avg +0.017%
=The price spread pays, funding is against you. Gate is 0.128% dearer against HTX than usual: you sell high and buy low (spread +0.145% now, against its 7-day average of +0.017%): +$13 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 39 hours. At the pace of the last 7 days (−0.065% in total) that is about 14 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.065% in total (about -3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.31 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX ORDI-USDT | 4.8270 | 0.0100 | pay 0.0050% / 4h | 2h 31m | $84K | $434K | 75x |
| Short | Gate ORDI_USDT | 4.8340 | −0.0162 | pay 0.0081% / 4h | 2h 31m | $1.2M | $2.8M | 50x |
HTX ORDI-USDT
Gate ORDI_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$55.02
- Price spread: +0.145% → +0.017%
- $12.77
- Slippage, 4 orders
- −$94.56
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$163.81
- Costs to cover
- 1.216%
- Break-even
- never at this rate
Slippage from HTX: live order book, 17 min ago; Gate: live order book, 1 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, 17 min ago | 17.43 bp | 35.4 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 2.07 bp | 22.3 bp −$22 | 76.7 bp −$767 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ORDIUSD | −0.0723% | 1h | 4.8240 | −0.061% | $69K | $47K | 25x | as long as short |
| Gate ORDI_USDTshort | −0.0162% | 4h | 4.8340 | +0.145% | $1.2M | $2.8M | 50x | |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8297 | +0.056% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −5.635% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0074% | 4h | 4.8320 | +0.104% | $596K | $304K | 75x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8378 | +0.224% | $698K | $666K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8351 | +0.168% | $7K | $428K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8330 | +0.124% | $9.9M | $34.0M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8280 | +0.021% | $4.1M | $4.7M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8310 | +0.083% | $5.2M | $17.7M | 20x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAPShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8330 | +0.124% | $6.4M | $3.3M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8310 | +0.083% | $958K | $824K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8330 | +0.124% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.8350 | +0.166% | — | $26.9M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8472 | +0.419% | $24K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8260 | −0.021% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDTlong | +0.0100% | 4h | 4.8270 | long leg | $84K | $434K | 75x | |
| Extended ORDI-USD | +0.0104% | 1h | 4.8308 | +0.078% | $2K | $180K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8303 | +0.068% | $8K | — | 100x | as long as short |
MEXC ORDI_USDT
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]