Funding arb · Price arb /

ORDI

all ORDI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against HTX+0.177%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$155as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1521.522% of the position

Long on HTX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 4 days (all we have)−0.135%−$13 · spread now +0.177%, 7d avg +0.039%

Together, before fees−0.158%−$16 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: KuCoin is 0.138% dearer against HTX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ORDI-USDT	4.9080	0.0100	pay 0.0050% / 4h	1h 26m	$85K	$431K	75x
Short	KuCoin ORDIUSDTM	4.9167	0.0100	get 0.0050% / 4h	1h 26m	$998K	$826K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.177%Rate

Funding earned: $0
Price spread: +0.177% → +0.039%: $13.84
Slippage, 4 orders: −$128.15
Fee HTX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$138.31
Costs to cover: 1.522%
Break-even: never at this rate

Slippage from HTX: live order book, 17 min ago; KuCoin: live order book, 8 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	16.31 bp	24.9 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	8.08 bp	34.1 bp −$34	542.3 bp −$5,423	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	−0.0540%	1h	4.9120	+0.082%	$70K	$44K	25x	as long as short
Gate ORDI_USDT	−0.0086%	4h	4.9120	+0.081%	$1.3M	$2.7M	50x	as long as short
dYdX ORDI-USD	0.0000%	1h	4.8982	−0.199%	$34K	$577	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−7.192%	$776	$20K	5.5x	as long as short
Hyperliquid ORDI	+0.0100%	1h	4.9270	+0.387%	$710K	$667K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.9140	+0.122%	$3K	$423K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.9200	+0.244%	$10.0M	$34.5M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.9170	+0.183%	$4.1M	$4.7M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.9150	+0.143%	$5.2M	$18.2M	20x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	4.9190	+0.224%	$6.6M	$3.3M	200x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ORDIUSDTMshort	+0.0100%	4h	4.9167	+0.177%	$998K	$826K	50x
Bitget ORDIUSDT	+0.0100%	4h	4.9170	+0.183%	$2.9M	$3.5M	50x	as long as short
BingX ORDI-USDT	+0.0100%	4h	4.9090	+0.020%	—	$26.9M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.8811	−0.547%	$26K	$42K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.9080	0.000%	$1K	$1.2M	20x	as long as short
HTX ORDI-USDTlong	+0.0100%	4h	4.9080	long leg	$85K	$431K	75x
Extended ORDI-USD	+0.0104%	1h	4.9147	+0.137%	$7K	$155K	5x	as long as short
BloFin ORDI-USDT	+0.0129%	4h	4.8950	−0.265%	$599K	$312K	75x	as long as short
GMX ORDI/USD [WBTC.b-USDC]	L +0.0239% / S −0.3359%	1h	4.8899	−0.368%	$8K	—	100x	as long as short