ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.3359%/8h= +367.8% APRnext payment +$4.20 per $10,000 · paid last 24h +0.726%

Price spread now: GMX against dYdX−0.048%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 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 0.048% cheaper against dYdX than usual: you would sell low and buy high (spread −0.048% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 1 hour of funding at the current rate (+$101 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ORDI-USD	4.8855	0	get 0.0000% / 1h	1m 50s	$34K	$577	5x
Short	GMX ORDI/USD [WBTC.b-USDC]	4.8832	L +0.0239% / S −0.3359%	get 0.0420% / 1h	1m 50s	$8K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against dYdX. 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

Position, each leg$Hold fordaysFee dYdXbpFee GMXbpOrdersPrice spread, now −0.048%Rate

Funding earned: $705.29
Price spread: −0.048% → 0.000%: −$4.8
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $678.49
Costs to cover: 0.220%
Break-even: 0.3 days

Slippage unknown: dYdX: no order-book sample; 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 dYdX no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

dYdX and 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	−0.0449%	1h	4.8788	−0.138%	$69K	$43K	25x	as long as short
dYdX ORDI-USDlong	0.0000%	1h	4.8855	long leg	$34K	$577	5x
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−6.765%	$776	$20K	5.5x	as long as short
Hyperliquid ORDI	+0.0100%	1h	4.8922	+0.137%	$705K	$641K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.8900	+0.093%	$10K	$344K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.8879	+0.048%	$9.9M	$33.3M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.8840	−0.031%	$4.1M	$4.3M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.8830	−0.052%	$5.2M	$17.7M	20x	as long as short
Gate ORDI_USDT	+0.0100%	4h	4.8880	+0.051%	$1.2M	$2.7M	50x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	4.8870	+0.030%	$6.8M	$3.2M	200x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ORDIUSDTM	+0.0100%	4h	4.8849	−0.013%	$1.0M	$782K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.8860	+0.010%	$2.8M	$3.6M	50x	as long as short
BingX ORDI-USDT	+0.0100%	4h	4.8860	+0.010%	—	$26.9M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.8822	−0.068%	$25K	$33K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8810	−0.093%	$1K	$1.1M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.8800	−0.113%	$84K	$349K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.8856	+0.002%	$2K	$223K	5x	as long as short
BloFin ORDI-USDT	+0.0134%	4h	4.8910	+0.112%	$591K	$297K	75x	as long as short
GMX ORDI/USD [WBTC.b-USDC]short	L +0.0239% / S −0.3359%	1h	4.8832	−0.048%	$8K	—	100x