ORDI funding rates

ORDI perpetual funding across 9 venues. Rates are annualized (APR); positive means longs pay shorts.

· refreshed every 5 min

Best pair · 7d
24.8%long Variational, short Hyperliquid · net 22.5%
Highest funding now
11.4%Extended
Lowest funding now
−16.0%Variational
Listed on
9 venues

Funding by venue

7d chartFlagsOpen
ExtendedORDI-USD11.4%11.4%6.5%8.5%5.7%83%1h06:004.39$15k$130kExExtended
HyperliquidORDI10.9%10.9%10.9%11.1%10.9%100%1h—4.40$446k$123kHyHyperliquid
AsterORDIUSDT10.9%10.9%7.4%6.0%6.9%86%4h08:004.40$33k$6kAsAster
BinanceCEXORDIUSDT10.9%10.9%6.3%8.2%5.4%86%4h08:004.40$7.8M$8.1MBnBinance
BybitCEXORDIUSDT10.9%6.7%2.7%5.0%2.0%71%4h08:004.39$2.7M$1.5MByBybit
BitgetCEXORDIUSDT10.9%10.9%10.5%9.8%10.4%99%4h08:004.40$2.2M$631kBgBitget
GateCEXORDI_USDT10.9%9.4%6.1%7.5%5.6%83%4h08:004.40$921k$990kGtGate
MEXCCEXORDI_USDT10.9%10.9%6.2%8.1%5.5%86%4h08:004.40$6.3M$2.0MMxMEXC
VariationalORDI−16.0%−7.1%−13.9%−10.4%−15.0%38%4h—4.39$12k$3kVaVariational

Sparklines: hourly funding APR over the last 7 days, zero line dashed.

Long/short pairs

Funding spreads, annualized: short-leg rate minus long-leg rate.
Spread APRAfter taker feesQuality
7d trendFlagsOpenCalc
VariationalHyperliquid26.9%18.0%24.8%21.5%22.5%33.7%1.3dsteady$12klow OI4h/1hspread not incl.VaHycalc
VariationalBitgetCEX26.9%18.0%24.4%20.2%21.3%31.9%1.8dsteady$12klow OIspread not incl.VaBgcalc
VariationalBinanceCEX26.9%18.0%22.6%19.0%20.0%30.0%1.6dsteady$12klow OIspread not incl.VaBncalc
VariationalAster26.9%18.0%21.3%16.4%19.3%28.9%1.4dsteady$12klow OIspread not incl.VaAscalc
VariationalExtended27.3%18.4%20.4%18.9%19.1%28.7%0.9dsteady$12klow OI4h/1hspread not incl.VaExcalc
VariationalMEXCCEX26.9%18.0%20.1%18.6%19.1%28.6%0.7dsteady$12klow OIspread not incl.VaMxcalc
VariationalGateCEX26.9%16.4%20.0%18.0%16.1%24.1%2.7dsteady$12klow OIspread not incl.VaGtcalc
VariationalBybitCEX26.9%13.8%16.6%15.4%13.7%20.6%2.4dsteady$12klow OIspread not incl.VaBycalc
BybitCEXHyperliquid0.0%4.2%8.2%6.1%3.0%4.5%8.9dcooling$446k4h/1hByHycalc
BybitCEXBitgetCEX0.0%4.2%7.8%4.8%1.8%2.7%11dcooling$2.2MByBgcalc
MEXCCEXHyperliquid0.0%0.0%4.7%3.0%1.3%2.0%10dcooling$446k4h/1hMxHycalc
ExtendedHyperliquid−0.4%−0.4%4.4%2.6%0.8%1.1%12dmixed$15klow OIExHycalc
MEXCCEXBitgetCEX0.0%0.0%4.3%1.7%0.1%0.1%14dweak$2.2MMxBgcalc
BinanceCEXHyperliquid0.0%0.0%4.6%2.9%−0.3%−0.5%15dcooling$446k4h/1hBnHycalc
BybitCEXMEXCCEX0.0%4.2%3.5%3.1%−0.4%−0.6%16dweak$2.7MByMxcalc
BybitCEXAster0.0%4.2%4.7%1.0%−0.2%−0.3%15dweak$33klow OIByAscalc
BybitCEXExtended0.4%4.6%3.8%3.5%−0.3%−0.5%15dweak$15klow OI4h/1hByExcalc
BybitCEXBinanceCEX0.0%4.2%4.2%3.3%−1.2%−1.9%18dweak$2.7MByBncalc
GateCEXHyperliquid0.0%1.6%4.8%3.6%−1.4%−2.1%18dcooling$446k4h/1hGtHycalc
BinanceCEXBitgetCEX0.0%0.0%4.1%1.6%−1.6%−2.4%19dweak$2.2MBnBgcalc
AsterHyperliquid0.0%0.0%3.5%5.1%−0.9%−1.4%18dweak$33klow OI4h/1hAsHycalc
ExtendedBitgetCEX−0.4%−0.4%3.9%1.3%−0.5%−0.7%16dmixed$15klow OI1h/4hExBgcalc
GateCEXBitgetCEX0.0%1.6%4.4%2.3%−2.6%−4.0%22dweak$921kGtBgcalc
BybitCEXGateCEX0.0%2.6%3.4%2.5%−3.4%−5.1%28dweak$921kByGtcalc
BinanceCEXMEXCCEX0.0%0.0%0.0%0.0%−3.6%−5.4%>999dweak$6.3MBnMxcalc
MEXCCEXAster0.0%0.0%1.2%−2.1%−1.9%−2.9%36dweak$33klow OIMxAscalc
MEXCCEXExtended0.4%0.4%0.3%0.4%−2.0%−3.1%105dweak$15klow OI4h/1hMxExcalc
AsterBitgetCEX0.0%0.0%3.1%3.8%−2.2%−3.2%24dweak$33klow OIAsBgcalc
GateCEXMEXCCEX0.0%1.6%0.1%0.6%−4.8%−7.2%523dweak$921kGtMxcalc
BitgetCEXHyperliquid0.0%0.0%0.5%1.3%−5.0%−7.5%169dweak$446k4h/1hBgHycalc
GateCEXBinanceCEX0.0%1.6%0.6%0.7%−5.9%−8.9%148dweak$921kGtBncalc
BinanceCEXAster0.0%0.0%1.1%−2.2%−3.6%−5.3%58dweak$33klow OIBnAscalc
BinanceCEXExtended0.4%0.4%−0.1%0.3%−4.0%−6.0%—weak$15klow OI4h/1hBnExcalc
AsterExtended0.4%0.4%−0.9%2.5%−4.3%−6.4%—weak$15klow OI4h/1hAsExcalc
GateCEXAster0.0%1.6%1.3%−1.5%−4.7%−7.0%63dweak$33klow OIGtAscalc
GateCEXExtended0.4%2.0%0.4%1.0%−4.8%−7.2%164dweak$15klow OI4h/1hGtExcalc
ExtendedAster−0.4%−0.4%0.9%−2.5%−2.5%−3.7%53dmixed$15klow OI1h/4hExAscalc
ExtendedBinanceCEX−0.4%−0.4%0.1%−0.3%−3.8%−5.8%774dmixed$15klow OI1h/4hExBncalc
HyperliquidExtended0.4%0.4%−4.4%−2.6%−8.1%−12.1%—weak$15klow OIHyExcalc
BitgetCEXExtended0.4%0.4%−3.9%−1.3%−8.4%−12.6%—weak$15klow OI4h/1hBgExcalc
What the columns and badges mean
now
Current funding spread APR: short-leg rate minus long-leg rate, annualized.
24h
Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d
Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
30d
Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d trend
Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
Net APR
7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
On capital
Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
Breakeven
Days of 7d-average funding needed to pay back open+close taker fees.
Min OI
Smaller open interest of the two legs, USD.
steady
Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
spike
The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
mixed
The spread was negative too often: not negative in only X% of hours over 7 days.
new
Less than 4 days of shared history in the prior week: stability cannot be judged yet.
weak
Prior-week spread under 5% APR: too small to call steady.
cooling
The prior week was solid, but the last 24h or the current spread is not positive.
≠ asset?
Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
stale
At least one leg has not updated for over 30 minutes.
low OI
Open interest under $50k on at least one leg — size carefully.
8h/1h
Funding intervals differ (8h vs 1h): payments are not simultaneous.
TradFi
Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
invite only
Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
spread not incl.
A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
CEX
Centralized exchange: trading needs an account with identity verification (KYC).

Prices now

Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.

Indicative · marks from 2026-10-12 05:36 UTC

Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.

Indicative (mark or mid prices): buy on Variational at 4.3875, sell on Aster at 4.40223: 0.335% before fees, 0.255% after taker fees.

ORDI: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →Aster4.40223Hyperliquid4.4006Binance4.39844MEXC4.398Bitget4.397Gate4.397Bybit4.395Extended4.39224Variational4.3875
Variational4.38750.335%0.298%0.249%0.239%0.216%0.216%0.171%0.108%—
Extended4.392240.227%0.190%0.141%0.131%0.108%0.108%0.063%—−0.108%
Bybit4.3950.164%0.127%0.078%0.068%0.045%0.045%—−0.063%−0.171%
Bitget4.3970.119%0.082%0.033%0.023%—0.000%−0.045%−0.108%−0.216%
Gate4.3970.119%0.082%0.033%0.023%0.000%—−0.045%−0.108%−0.216%
MEXC4.3980.096%0.059%0.010%—−0.023%−0.023%−0.068%−0.131%−0.239%
Binance4.398440.086%0.049%—−0.010%−0.033%−0.033%−0.078%−0.141%−0.249%
Hyperliquid4.40060.037%—−0.049%−0.059%−0.082%−0.082%−0.127%−0.190%−0.298%
Aster4.40223—−0.037%−0.086%−0.096%−0.119%−0.119%−0.164%−0.227%−0.335%
All quotes (9)
VenueBidAskQualityAgeVol 24hFlags
Aster4.402234.40223mark5m$6kno FX
BinanceCEX4.398444.39844mark5m$8.1Mno FX
BitgetCEX4.3974.397mark5m$631kno FX
BybitCEX4.3954.395mark5m$1.5Mno FX
Extended4.392244.39224mark5m$130k
GateCEX4.3974.397mark5m$990kno FX
Hyperliquid4.40064.4006mark5m$123k
MEXCCEX4.3984.398mark5m$2.0Mno FX
Variational4.38754.3875mark5m$3k

All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.

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