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

ORDI

all ORDI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%
Price spread now: HTX against Injective+7.223%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.086%−$9 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and HTX is 7.223% dearer against Injective than usual: you sell high and buy low: +$722 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.086%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ORDI/USDC PERP4.55500.0033pay 0.0004% / 1h6m 38s$776$20K5.5x
ShortHTX ORDI-USDT4.88400.0100get 0.0050% / 4h3h 06m$82K$408K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Injective. 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
$14
Price spread: +7.223% → 0.000%
$722.28
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee HTX: 6 bp × 2 orders
−$12
Net
$724.26
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; HTX: live order book, 47 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell HTX live order book, 47 min ago14.09 bp33.4 bp −$33doesn't fitdoesn't fitdoesn't fit
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_ORDIUSD−0.0574%1h4.8903+7.361%$72K$43K25xas long as short
Gate ORDI_USDT−0.0514%4h4.9010+7.596%$1.3M$2.8M50xas long as short
dYdX ORDI-USD0.0000%1h4.8987+7.545%$34K$5775xas long as short
Injective ORDI/USDC PERPlong+0.0033%1h4.5550long leg$776$20K5.5x
BloFin ORDI-USDT+0.0045%4h4.8950+7.464%$600K$307K75xas long as short
Hyperliquid ORDI+0.0100%1h4.9098+7.789%$708K$664K3xas long as short
Aster ORDIUSDT+0.0100%4h4.8990+7.552%$5K$427K5xas long as short
Binance ORDIUSDT+0.0100%4h4.9030+7.640%$10.0M$33.9M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.8980+7.530%$4.1M$4.7M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.9000+7.574%$5.3M$17.7M20xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ORDI_USDT+0.0100%4h4.9030+7.640%$6.6M$3.3M200xas long as short
KuCoin ORDIUSDTM+0.0100%4h4.8985+7.541%$968K$834K50xas long as short
Bitget ORDIUSDT+0.0100%4h4.9020+7.618%$2.9M$3.5M50xas long as short
BingX ORDI-USDC+0.0100%4h4.9000+7.574%$2.3Mas long as short
Variational Omni ORDI+0.0100%4h4.9021+7.620%$24K$42Kas long as short
SunX ORDI-USDT+0.0100%4h4.8910+7.377%$2K$1.2M20xas long as short
HTX ORDI-USDTshort+0.0100%4h4.8840+7.223%$82K$408K75x
Extended ORDI-USD+0.0104%1h4.9002+7.578%$4K$180K5xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0240% / S −0.3359%1h4.8913+7.382%$8K100xas long as short