ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0135%/8h= −14.8% APRnext payment −$0.17 per $10,000 · paid last 24h −0.028%

Price spread now: Extended against GMX+0.037%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Extended

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

The price spread pays, funding is against you. Extended is 0.037% dearer against GMX than usual: you sell high and buy low (spread +0.037% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ORDI/USD [WBTC.b-USDC]	4.8859	L +0.0239% / S −0.3359%	pay 0.0030% / 1h	57m 02s	$8K	—	100x
Short	Extended ORDI-USD	4.8878	0.0104	get 0.0013% / 1h	57m 02s	$5K	$168K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against GMX. 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 GMXbpFee ExtendedbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$28.31
Price spread: +0.037% → 0.000%: $3.73
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$41.58
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Extended: live order book, 14 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Extended live order book, 14 min ago	2.06 bp	15.5 bp −$15	115.8 bp −$1,158	doesn't fit	doesn't fit

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
dYdX ORDI-USD	0.0000%	1h	4.8823	−0.074%	$33K	$651	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−6.773%	$776	$20K	5.5x	as long as short
BloFin ORDI-USDT	+0.0067%	4h	4.8860	+0.001%	$601K	$310K	75x	as long as short
Hyperliquid ORDI	+0.0100%	1h	4.8947	+0.180%	$710K	$654K	3x	as long as short
Aster ORDIUSDT	+0.0100%	4h	4.8887	+0.057%	$5K	$420K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.8888	+0.058%	$10.0M	$31.6M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.8840	−0.039%	$4.1M	$4.3M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.8850	−0.019%	$5.3M	$16.6M	20x	as long as short
Gate ORDI_USDT	+0.0100%	4h	4.8850	−0.019%	$1.3M	$2.6M	50x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	4.8900	+0.083%	$7.0M	$3.3M	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	4.8858	−0.003%	$942K	$813K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.8880	+0.042%	$2.9M	$3.0M	50x	as long as short
BingX ORDI-USDC	+0.0100%	4h	4.8840	−0.039%	—	$2.3M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.8788	−0.145%	$24K	$56K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.8790	−0.142%	$1K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.8840	−0.039%	$89K	$355K	75x	as long as short
Extended ORDI-USDshort	+0.0104%	1h	4.8878	+0.037%	$5K	$168K	5x
GMX ORDI/USD [WBTC.b-USDC]long	L +0.0239% / S −0.3359%	1h	4.8859	long leg	$8K	—	100x
Kraken Futures PF_ORDIUSD	+0.2964%	1h	4.8985	+0.256%	$66K	$43K	25x	as long as short