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

ORDI

all ORDI markets
SwapBacktest
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: MEXC against HTX−0.061%50s7-day average +0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$580.583% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.055%−$5 on $10k
Price spread, last 3 days (all we have)+0.136%+$14 · spread now −0.061%, 7d avg +0.060%
Together, before fees+0.081%+$8 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: MEXC is 0.120% cheaper against HTX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.060%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ORDI-USDT4.93700.0100pay 0.0050% / 4h3h 01m$90K$351K75x
ShortMEXC ORDI_USDT4.93400.0100get 0.0050% / 4h3h 01m$7.1M$3.4M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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: −0.061% → +0.060%
−$12.04
Slippage, 4 orders
−$46.34
Fee HTX: 6 bp × 2 orders
−$12
Fee MEXC: 0 bp × 2 orders
$0
Net
−$70.37
Costs to cover
0.583%
Break-even
never at this rate
Slippage from HTX: live order book, 6 min ago; MEXC: live order book, 1 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, 6 min ago17.06 bp23.7 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 1 min ago1.01 bp4.1 bp −$426.5 bp −$26557.6 bp −$5,76199.1 bp −$49.5K

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%1h4.9292−0.157%$34K$6515xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−7.737%$776$20K5.5xas long as short
Hyperliquid ORDI+0.0100%1h4.9394+0.049%$714K$650K3xas long as short
Aster ORDIUSDT+0.0100%4h4.9320−0.101%$3K$409K5xas long as short
Binance ORDIUSDT+0.0100%4h4.9345−0.050%$10.1M$32.2M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.9250−0.243%$4.2M$4.4M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.9250−0.243%$5.4M$17.0M20xas long as short
Gate ORDI_USDT+0.0100%4h4.9270−0.203%$1.3M$2.8M50xas long as short
MEXC ORDI_USDTshort+0.0100%4h4.9340−0.061%$7.1M$3.4M200x
KuCoin ORDIUSDTM+0.0100%4h4.9313−0.115%$941K$827K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ORDIUSDT+0.0100%4h4.9330−0.081%$2.9M$3.2M50xas long as short
BingX ORDI-USDC+0.0100%4h4.9300−0.142%$2.3Mas long as short
Variational Omni ORDI+0.0100%4h4.9621+0.508%$24K$56Kas long as short
SunX ORDI-USDT+0.0100%4h4.9330−0.081%$2K$1.2M20xas long as short
HTX ORDI-USDTlong+0.0100%4h4.9370long leg$90K$351K75x
BloFin ORDI-USDT+0.0103%4h4.9550+0.365%$615K$315K75xas long as short
Extended ORDI-USD+0.0104%1h4.9319−0.104%$4K$192K5xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0240% / S −0.3359%1h4.9311−0.120%$8K100xas long as short
Kraken Futures PF_ORDIUSD+0.2933%1h4.9514+0.291%$66K$40K25xas long as short