Settings8H · net · $10k
Funding arb · Price arb /

ORDI

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Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.3255%/8h= +356.4% APRnext payment +$4.07 per $10,000 · paid last 24h +0.539%
Price spread now: GMX against Extended−0.015%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$98 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ORDI-USD4.94990.0104pay 0.0013% / 1h53m 45s$3K$185K5x
ShortGMX ORDI/USD [WBTC.b-USDC]4.9492L +0.0240% / S −0.3359%get 0.0420% / 1h53m 45s$8K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Extended. 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

Funding earned
$683.45
Price spread: −0.015% → 0.000%
−$1.51
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee GMX: 6 bp × 2 orders
−$12
Net
$664.94
Costs to cover
0.170%
Break-even
0.2 days
Slippage unknown: Extended: live order book, 63 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 63 min ago3.39 bp16.8 bp −$17100.6 bp −$1,006doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ORDIUSD−0.0570%1h4.9263−0.477%$72K$44K25xas long as short
dYdX ORDI-USD0.0000%1h4.9476−0.046%$34K$6515xas long as short
Injective ORDI/USDC PERP+0.0033%1h4.5550−7.978%$776$20K5.5xas long as short
BloFin ORDI-USDT+0.0052%4h4.9500+0.002%$607K$310K75xas long as short
Hyperliquid ORDI+0.0100%1h4.9594+0.192%$713K$660K3xas long as short
Aster ORDIUSDT+0.0100%4h4.9547+0.096%$12K$420K5xas long as short
Binance ORDIUSDT+0.0100%4h4.9565+0.133%$10.2M$33.3M50xas long as short
Bybit ORDIUSDT+0.0100%4h4.9530+0.062%$4.2M$4.6M50xas long as short
OKX ORDI-USDT-SWAP+0.0100%4h4.9570+0.143%$5.3M$17.6M20xas long as short
Gate ORDI_USDT+0.0100%4h4.9520+0.042%$1.3M$2.7M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ORDI_USDT+0.0100%4h4.9510+0.022%$6.9M$3.3M200xas long as short
KuCoin ORDIUSDTM+0.0100%4h4.9528+0.058%$987K$855K50xas long as short
Bitget ORDIUSDT+0.0100%4h4.9500+0.002%$2.9M$3.5M50xas long as short
BingX ORDI-USDT+0.0100%4h4.9480−0.039%$27.0Mas long as short
Variational Omni ORDI+0.0100%4h4.9306−0.389%$24K$43Kas long as short
SunX ORDI-USDT+0.0100%4h4.9440−0.119%$1K$1.2M20xas long as short
HTX ORDI-USDT+0.0100%4h4.9520+0.042%$83K$410K75xas long as short
Extended ORDI-USDlong+0.0104%1h4.9499long leg$3K$185K5x
GMX ORDI/USD [WBTC.b-USDC]shortL +0.0240% / S −0.3359%1h4.9492−0.015%$8K100x