Live data
ORDI perpetual futures
Live funding rates, open interest, and measured trade costs for ORDI. 8 venues in the PerpFinder venue map list ORDI perps.
At a glance
This ORDI funding snapshot covers 2 venues: Hyperliquid and dYdX. It is the server-rendered page seed, not the venue total; the live funding panel below covers every venue that lists ORDI.
- Highest annualized funding
- +10.95%Hyperliquid
- Executable spread
- 10.95% annualizedHyperliquid vs dYdX
More
The highest executable annualized funding rate is +10.95% on Hyperliquid, and the lowest is 0.00% on dYdX.
The executable spread between Hyperliquid and dYdX is 10.95% annualized, from 2 venues that report open interest.
Hyperliquid and dYdX report $586.1k of open interest across the venues in this snapshot that publish it.
The ORDI price in this snapshot comes from Hyperliquid at $4.41.
Generated from live venue feeds at
Funding rates
Annualized rates across exchanges
HyperliquidDEX
dYdXDEXOpen interest
Per-exchange open interest
HyperliquiddYdXLong/short ratio
Account-level positioning
Long/short ratios are published for BTC, ETH, SOL, and XRP only.
Cost comparison
Fee plus slippage for a $100K trade
The order-book cost engine measures BTC, ETH, SOL, XRP, BNB, DOGE and HYPE. ORDI is not measured. Live costs for the measured assets are on the cost comparison tool.
Where to Trade ORDI Perpetual Futures
7 of the 8 venues that list ORDI perps have a PerpFinder review page. The table compares fees, leverage, and features for those 7.
| Venue | Maker | Taker | Max leverage | Rating | Trade |
|---|---|---|---|---|---|
| 0.015% | 0.045% | 40x | 9.2 | ORDI → | |
| 0.010% | 0.050% | 50x | 9.0 | ORDI → | |
| 0.035% when opening and again when closing; BTC and ETH review rate; other pairs can use different fees and spreads | 1000x | 8.0 | ORDI → | ||
| 0.010% | 0.020% | 100x | 7.8 | ORDI → | |
| Free | 0.030% | 50x | 7.8 | ORDI → | |
| -0.010% | 0.017% | 1000x | 7.8 | ORDI → | |
| 0.050% | 0.080% | 20x | 7.5 | ORDI → | |
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.
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