Funding you earn now, next payment 07:00 UTC−0.0176%/8h= −19.3% APRpaid last 24h −0.018%
Price spread now: Gate against Hyperliquid−0.214%7-day average −0.125% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$740.743% of the position
Funding, last 7 days−0.074%−$7 on $10k
+Price spread, last 4 days (all we have)+0.216%+$22 · spread now −0.214%, 7d avg −0.125%
=Together, before fees+0.142%+ Points / potential airdropHyperliquid: Season 2 · farm board+$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Gate is 0.089% cheaper against Hyperliquid than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.125%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ORDI | 4.8995 | 0.0100 | pay 0.0013% / 1h | 34m 31s | $706K | $667K | 3x |
| Short | Gate ORDI_USDT | 4.8890 | −0.0076 | pay 0.0038% / 4h | 1h 34m | $1.2M | $2.7M | 50x |
Hyperliquid ORDI
Gate ORDI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$36.96
- Price spread: −0.214% → −0.125%
- −$8.9
- Slippage, 4 orders
- −$50.3
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$120.16
- Costs to cover
- 0.743%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 35 min ago; Gate: live order book, 3 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, 35 min ago | 2.43 bp | 11.9 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 3.06 bp | 27.0 bp −$27 | 87.2 bp −$872 | 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 | −0.0542% | 1h | 4.8906 | −0.182% | $70K | $44K | 25x | as long as short |
| Gate ORDI_USDTshort | −0.0076% | 4h | 4.8890 | −0.214% | $1.2M | $2.7M | 50x | |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8960 | −0.071% | $34K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.031% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDIlong | +0.0100% | 1h | 4.8995 | long leg | $706K | $667K | 3x | |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8891 | −0.213% | $3K | $432K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8880 | −0.235% | $10.0M | $34.6M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8820 | −0.357% | $4.1M | $4.7M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8840 | −0.316% | $5.2M | $18.2M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8940 | −0.112% | $6.5M | $3.3M | 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
MEXC ORDI_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8956 | −0.080% | $994K | $827K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8910 | −0.173% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8960 | −0.071% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8916 | −0.160% | $26K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8850 | −0.296% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8910 | −0.173% | $85K | $438K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8926 | −0.141% | $7K | $155K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0119% | 4h | 4.8970 | −0.051% | $598K | $312K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.8940 | −0.112% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]