Funding you earn now, next payment 03:00 UTC+0.3259%/8h= +356.8% APRpaid last 24h +0.468%
Price spread now: GMX against Binance−0.233%50s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. GMX is 0.233% cheaper against Binance than usual: you would sell low and buy high (spread −0.233% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$23 on $10k: about 6 hours of funding at the current rate (+$98 a day). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ORDIUSDT | 4.8912 | 0.0100 | pay 0.0050% / 4h | 1h 36m | $10.0M | $33.4M | 50x |
| Short | GMX ORDI/USD [WBTC.b-USDC] | 4.8798 | L +0.0239% / S −0.3359% | get 0.0420% / 1h | 36m 34s | $8K | — | 100x |
Binance ORDIUSDT
GMX ORDI/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $684.29
- Price spread: −0.233% → 0.000%
- −$23.35
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $638.94
- Costs to cover
- 0.220%
- Break-even
- 0.5 days
Slippage unknown: Binance: live order book, 5 min ago; GMX: no order-book sample. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 5 min ago | 1.02 bp | 11.2 bp −$11 | 26.1 bp −$261 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ORDIUSD | −0.0351% | 1h | 4.8752 | −0.326% | $71K | $46K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8770 | −0.289% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.873% | $776 | $20K | 5.5x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8830 | −0.167% | $12K | $427K | 5x | as long as short |
| Binance ORDIUSDTlong | +0.0100% | 4h | 4.8912 | long leg | $10.0M | $33.4M | 50x | |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8860 | −0.106% | $4.2M | $4.5M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8900 | −0.024% | $5.3M | $17.4M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8810 | −0.208% | $1.3M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8890 | −0.044% | $7.0M | $3.3M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8830 | −0.167% | $952K | $866K | 50x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
Aster ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
MEXC ORDI_USDT
KuCoin ORDIUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8900 | −0.024% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8830 | −0.167% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8950 | +0.079% | $24K | $55K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8750 | −0.331% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8770 | −0.290% | $81K | $393K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8896 | −0.032% | $3K | $195K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0123% | 4h | 4.8880 | −0.065% | $609K | $304K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC]short | L +0.0239% / S −0.3359% | 1h | 4.8798 | −0.233% | $8K | — | 100x | |
| Hyperliquid ORDI | +0.0277% | 1h | 4.8911 | −0.002% | $706K | $661K | 3x | as long as short |
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
Hyperliquid ORDI