Funding you earn now, next payment 10:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%
Price spread now: Extended against Hyperliquid−0.145%7-day average −0.116% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$610.605% of the position
Funding, last 7 days−0.057%−$6 on $10k
+Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.145%, 7d avg −0.116%
=Together, before fees+0.016%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board+$2 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: Extended is 0.029% cheaper against Hyperliquid than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.116%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ORDI | 4.8343 | 0.0100 | pay 0.0013% / 1h | 18m 51s | $697K | $640K | 3x |
| Short | Extended ORDI-USD | 4.8273 | 0.0104 | get 0.0013% / 1h | 18m 51s | $7K | $224K | 5x |
Hyperliquid ORDI
Extended ORDI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Hyperliquid. 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
- $0.84
- Price spread: −0.145% → −0.116%
- −$2.89
- Slippage, 4 orders
- −$46.54
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$62.59
- Costs to cover
- 0.605%
- Break-even
- 528.6 days
Slippage from Hyperliquid: live order book, 29 min ago; Extended: live order book, 30 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 Hyperliquid live order book, 29 min ago | 1.76 bp | 11.2 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 30 min ago | 3.43 bp | 17.2 bp −$17 | 174.4 bp −$1,744 | doesn't fit | doesn't fit |
ORDI on 19 exchanges
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 | −0.0424% | 1h | 4.8213 | −0.269% | $69K | $43K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8265 | −0.162% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −5.777% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDIlong | +0.0100% | 1h | 4.8343 | long leg | $697K | $640K | 3x | |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8280 | −0.129% | $10K | $279K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8290 | −0.110% | $9.8M | $32.7M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8240 | −0.213% | $4.0M | $4.3M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8250 | −0.192% | $5.1M | $17.5M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8270 | −0.151% | $1.2M | $2.6M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8280 | −0.130% | $6.8M | $3.2M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
MEXC ORDI_USDTShow all 19 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8267 | −0.157% | $1.0M | $758K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8270 | −0.151% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8280 | −0.130% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8275 | −0.140% | $25K | $33K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8230 | −0.234% | $1K | $1.1M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8230 | −0.234% | $84K | $348K | 75x | as long as short |
| Extended ORDI-USDshort | +0.0104% | 1h | 4.8273 | −0.145% | $7K | $224K | 5x | |
| BloFin ORDI-USDT | +0.0105% | 4h | 4.8300 | −0.089% | $582K | $293K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8264 | −0.164% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]