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ORDI Perpetual Futures

ORDI Perpetual Futures — Live Data

Market Overview

ORDI is the first BRC-20 token on Bitcoin, representing the Bitcoin ordinals and inscription ecosystem. ORDI perpetual futures are available on major centralized exchanges and serve as a proxy for Bitcoin ecosystem innovation sentiment. ORDI perps experience extreme volatility during Bitcoin inscription surges, with funding rates swinging wildly as speculative interest ebbs and flows.

ORDI was the first BRC-20 token on Bitcoin ordinals, and its market structure reflects that novelty: perp liquidity concentrates on a handful of CEX venues, and the underlying's transferability depends on Bitcoin fee conditions. High BTC fee regimes have historically coincided with erratic ORDI perp behavior.

Trading Tips for ORDI Perps

ORDI moves sharply with Bitcoin inscription activity and BRC-20 hype cycles. Track daily Bitcoin inscription counts and BRC-20 transfer volumes as leading indicators. ORDI perps can gap 15-25% in hours during narrative shifts, so always use stop losses.

Where to Trade ORDI Perpetual Futures

ORDI perpetual futures are available on 7 exchanges. The venue cards compare fees, leverage, and features for trading ORDI perps.

Hyperliquid logo
Hyperliquid
Hyperliquid L1
Maker Fee
0.015%
Taker Fee
0.045%
Max Leverage
40x
Rating
9.2/10
dYdX logo
dYdX
dYdX Chain (Cosmos)
Maker Fee
0.010%
Taker Fee
0.050%
Max Leverage
50x
Rating
9.0/10
Gains Network logo
Gains Network
Arbitrum, Base, Polygon, ApeChain, MegaETH, Solana
Position Fee
0.035% when opening and again when closing; BTC and ETH review rate; other pairs can use different fees and spreads
Max Leverage
1000x
Rating
8.0/10
Maker Fee
0.010%
Taker Fee
0.020%
Max Leverage
100x
Rating
7.8/10
Orderly Network logo
Orderly Network
NEAR, Arbitrum, Optimism, Base, Polygon, Ethereum, Mantle, Avalanche, Solana, SEI
Maker Fee
Free
Taker Fee
0.030%
Max Leverage
50x
Rating
7.8/10
DESK logo
DESK
Arbitrum, Base
Maker Fee
-0.010%
Taker Fee
0.017%
Max Leverage
1000x
Rating
7.8/10
Aevo logo
Aevo
Aevo L2
Maker Fee
0.050%
Taker Fee
0.080%
Max Leverage
20x
Rating
7.5/10

Frequently Asked Questions — ORDI

What is the current ORDI perpetual futures funding rate?
The live ORDI funding-rate panel updates every 2 minutes. It shows annualized rates for each exchange that lists ORDI perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest ORDI perp trading fees?
Among 6 tracked ORDI venues with comparable order-book schedules, DESK lists the lowest taker fee at 0.017%. SynFutures lists 0.020%. 1 position-fee venue is excluded from this maker/taker result. Use the cost comparison for total cost.
How does ORDI open interest compare across exchanges?
The ORDI open-interest chart shows the total value of outstanding ORDI derivative contracts on each exchange. Rising open interest indicates new capital entering the market, while declining OI suggests positions are being closed.
What does the ORDI long/short ratio indicate?
The ORDI long/short ratio shows the balance between traders betting on price increases (longs) versus decreases (shorts) across exchanges. An extreme ratio in either direction can signal potential reversals as crowded positioning often leads to liquidation cascades.
Where can I trade ORDI perpetual futures?
ORDI perps are listed on 7 exchanges, including Hyperliquid, dYdX, Gains Network, SynFutures, and Orderly Network, plus 2 more. The "Where to Trade ORDI Perpetual Futures" section compares fees and leverage limits and gives a direct trading link for each venue.

Category: Infrastructure · Data updates every 2 minutes · All rates shown are annualized