data as of
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Price arb /

ORDI

all ORDI markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$72
spread now−0.097%7d average−0.136%fees + slippage, in and out−$76spread needed0.761%
Long on HyperliquidShort on BingX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ORDI4.92780.0100pay 0.0013% / 1h36m 19s$915K$533K3x
ShortBingX ORDI-USDC4.92300.0100get 0.0050% / 4h1h 36m—$2.3M—

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$9.74
Funding while held
$0
Slippage, 4 orders
−$57.11
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$85.85
Spread needed to break even
0.761%
Slippage from Hyperliquid: live order book, 25 min ago; BingX: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 25 min ago1.02 bp14.2 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 3 min ago1.01 bp25.8 bp −$26112.5 bp −$1,125479.2 bp −$47.9K589.2 bp −$294.6K

ORDI price on every exchange

against the cheapest. Click to use as the short leg.
Injective4.5550cheapest
Variational Omni4.9007+7.590%Bybit4.9150+7.903%OKX4.9150+7.903%Gate4.9160+7.925%Binance4.9170+7.947%Bitget4.9180+7.969%SunX4.9180+7.969%MEXC4.9190+7.991%GMX4.9197+8.006%KuCoin4.9199+8.011%dYdX4.9211+8.038%Extended4.9226+8.070%
BingX4.9230+8.079%
BloFin4.9240+8.101%Aster4.9258+8.141%Kraken Futures4.9270+8.166%
Hyperliquid4.9278+8.184%
HTX4.9290+8.211%

ORDI on 19 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective ORDI/USDC PERP−7.565%+0.0033%1h$776$20K5.5xas long as short
Variational Omni ORDI−0.550%+0.0100%4h$24K$58K—as long as short
Bybit ORDIUSDT−0.260%+0.0100%4h$4.1M$3.8M50xas long as short
OKX ORDI-USDT-SWAP−0.260%+0.0100%4h$5.4M$16.1M20xas long as short
Gate ORDI_USDT−0.239%+0.0010%4h$1.3M$2.6M50xas long as short
Binance ORDIUSDT−0.219%+0.0100%4h$10.0M$29.5M50xas long as short
Bitget ORDIUSDT−0.199%+0.0100%4h$2.9M$2.8M50xas long as short
SunX ORDI-USDT−0.199%+0.0100%4h$1K$1.2M20xas long as short
MEXC ORDI_USDT−0.179%+0.0100%4h$6.7M$3.1M200xas long as short
GMX ORDI/USD [WBTC.b-USDC]−0.165%L +0.0239% / S −0.3359%1h$8K—100xas long as short
Show all 19 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin ORDIUSDTM−0.160%+0.0100%4h$905K$807K50xas long as short
dYdX ORDI-USD−0.135%0.0000%1h$34K$6515xas long as short
Extended ORDI-USD−0.106%+0.0104%1h$5K$172K5xas long as short
BingX ORDI-USDCshort−0.097%+0.0100%4h—$2.3M—
BloFin ORDI-USDT−0.077%+0.0137%4h$630K$297K75xas long as short
Aster ORDIUSDT−0.041%+0.0100%4h$17K$404K5xas long as short
Kraken Futures PF_ORDIUSD−0.017%+0.0194%1h$65K$35K25xas long as short
Hyperliquid ORDIlong0.000%+0.0100%1h$915K$533K3x
HTX ORDI-USDT+0.024%+0.0100%4h$85K$348K75xas long as short