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

ORDI

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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: HTX against OKX−0.223%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$700.696% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.062%+$6 on $10k
Price spread, last 3 days (all we have)+0.162%+$16 · spread now −0.223%, 7d avg −0.039%
Together, before fees+0.224%+$22 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: HTX is 0.184% cheaper against OKX than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.039%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ORDI-USDT-SWAP4.92900.0100pay 0.0050% / 4h3h 23m$5.4M$16.8M20x
ShortHTX ORDI-USDT4.91800.0100get 0.0050% / 4h3h 23m$90K$348K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against OKX. 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: −0.223% → −0.039%
−$18.43
Slippage, 4 orders
−$47.6
Fee OKX: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$88.03
Costs to cover
0.696%
Break-even
never at this rate
Slippage from OKX: live order book, 5 min ago; HTX: live order book, 49 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 OKX live order book, 5 min ago1.02 bp14.0 bp −$1446.5 bp −$465doesn't fitdoesn't fit
Sell HTX live order book, 49 min ago12.35 bp20.5 bp −$20doesn't fitdoesn't fitdoesn't fit

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%1h4.9215−0.152%$34K$6515xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−7.588%$776$20K5.5xas long as short
BloFin ORDI-USDT+0.0055%4h4.9230−0.122%$605K$316K75xas long as short
Hyperliquid ORDI+0.0100%1h4.9328+0.077%$715K$648K3xas long as short
Aster ORDIUSDT+0.0100%4h4.9252−0.078%$5K$421K5xas long as short
Binance ORDIUSDT+0.0100%4h4.9270−0.041%$10.1M$31.6M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.9230−0.122%$4.2M$4.2M50xas long as short
OKX ORDI-USDT-SWAPlong+0.0100%4h4.9290long leg$5.4M$16.8M20x
Gate ORDI_USDT+0.0100%4h4.9230−0.122%$1.3M$2.7M50xas long as short
MEXC ORDI_USDT+0.0100%4h4.9240−0.101%$7.2M$3.4M200xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ORDIUSDTM+0.0100%4h4.9260−0.061%$947K$809K50xas long as short
Bitget ORDIUSDT+0.0100%4h4.9310+0.041%$2.9M$3.1M50xas long as short
BingX ORDI-USDC+0.0100%4h4.92900.000%$2.3Mas long as short
Variational Omni ORDI+0.0100%4h4.9302+0.024%$24K$56Kas long as short
SunX ORDI-USDT+0.0100%4h4.9230−0.122%$2K$1.2M20xas long as short
HTX ORDI-USDTshort+0.0100%4h4.9180−0.223%$90K$348K75x
Extended ORDI-USD+0.0104%1h4.9257−0.067%$4K$217K5xas long as short
GMX ORDI/USD [WBTC.b-USDC]L +0.0239% / S −0.3359%1h4.9251−0.078%$8K100xas long as short
Kraken Futures PF_ORDIUSD+0.2933%1h4.9498+0.421%$66K$39K25xas long as short