ORDI

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0140%/8h= −15.3% APRnext payment −$0.17 per $10,000 · paid last 24h −0.027%

Price spread now: Hyperliquid against GMX+0.122%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 Hyperliquid

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 airdropHyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Hyperliquid is 0.122% dearer against GMX than usual: you sell high and buy low (spread +0.122% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ORDI/USD [WBTC.b-USDC]	4.9489	L +0.0240% / S −0.3359%	pay 0.0030% / 1h	16m 26s	$8K	—	100x
Short	Hyperliquid ORDI	4.9550	0.0100	get 0.0013% / 1h	16m 26s	$718K	$649K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.122%Rate

Funding earned: −$29.3
Price spread: +0.122% → 0.000%: $12.24
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$38.07
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 44 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 Hyperliquid live order book, 44 min ago	2.46 bp	26.8 bp −$27	doesn't fit	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	4.9382	−0.217%	$34K	$651	5x	as long as short
Injective ORDI/USDC PERP	+0.0033%	1h	4.5550	−7.960%	$776	$20K	5.5x	as long as short
BloFin ORDI-USDT	+0.0074%	4h	4.9390	−0.201%	$609K	$316K	75x	as long as short
Hyperliquid ORDIshort	+0.0100%	1h	4.9550	+0.122%	$718K	$649K	3x
Aster ORDIUSDT	+0.0100%	4h	4.9416	−0.148%	$5K	$421K	5x	as long as short
Binance ORDIUSDT	+0.0100%	4h	4.9520	+0.062%	$10.2M	$31.6M	50x	as long as short
Bybit ORDIUSDT	+0.0100%	4h	4.9460	−0.059%	$4.2M	$4.3M	50x	as long as short
OKX ORDI-USDT-SWAP	+0.0100%	4h	4.9480	−0.019%	$5.4M	$16.9M	20x	as long as short
Gate ORDI_USDT	+0.0100%	4h	4.9420	−0.140%	$1.3M	$2.7M	50x	as long as short
MEXC ORDI_USDT	+0.0100%	4h	4.9490	+0.001%	$7.2M	$3.4M	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	4.9450	−0.080%	$950K	$810K	50x	as long as short
Bitget ORDIUSDT	+0.0100%	4h	4.9460	−0.059%	$2.9M	$3.1M	50x	as long as short
BingX ORDI-USDT	+0.0100%	4h	4.9450	−0.080%	—	$27.5M	—	as long as short
Variational Omni ORDI	+0.0100%	4h	4.9212	−0.561%	$24K	$56K	—	as long as short
SunX ORDI-USDT	+0.0100%	4h	4.9310	−0.363%	$2K	$1.2M	20x	as long as short
HTX ORDI-USDT	+0.0100%	4h	4.9330	−0.322%	$90K	$348K	75x	as long as short
Extended ORDI-USD	+0.0104%	1h	4.9415	−0.150%	$4K	$192K	5x	as long as short
GMX ORDI/USD [WBTC.b-USDC]long	L +0.0240% / S −0.3359%	1h	4.9489	long leg	$8K	—	100x
Kraken Futures PF_ORDIUSD	+0.2931%	1h	4.9540	+0.102%	$66K	$39K	25x	as long as short